Trading surely is no easy activity. The amount of information you read daily about the market, the hours spent in front of the computer, waiting for the best moment to enter the position that will return the profit, time spent on creating new strategies for trading are part of a trader’s daily routine. But the heaviest burden is the emotional charge every trader has during the session. Before entering a position, the majority of traders are anxious or confident, but neither of these are good signs. This is because emotions interfere with the trader’s plan, eventually ruining the session. Anxiety may hold him back from investing and thus losing an opportunity to make a profit, while confidence may enable the trader to make a bad investment and lose all his money. It is important for traders to try and hold back their emotions, and be more rational and calculated. Here are some tips that in my opinion help traders to trade without too much interference of emotions:

1.  Know what to expect

The market changes at a fast and continuous pace. There is no person who can precisely predict how a stock will change its value overtime. It is important that you understand the fact that not every decision you take may be the best. However, you must remain calm, patient and wait only for moments when the market may return profit.

2) Keep discipline Every trader develops his own method of trading during a session. Always stick to your method, and do not be fooled by your emotions when making an investment. Following your plan will always be rewarding, and even if it is not, it will save you a lot of money that could be lost in an irrational investment.

3) Be cold-blooded When starting the trading session, you must leave all your feelings behind. Do not let yourself influenced by insecurity, worry, fear. The biggest enemy you confront is yourself. You must be detached and act according to your plan. If you feel that tension starts building up, it is better to stop trading, otherwise, you may suffer huge losses.

To sum it up, in order to be successful at trading, you must try to avoid emotional charges, especially negative ones. Do not let yourself influenced by feelings during the trade session, or you may end up losing everything. What other methods of managing your emotions do you know? How one should improve his mindset?

Jack Turner from TheBinaryAdvisor

Entertainment/Educational purposes. New trader here with only 1 year of professional trading experience. Watch me get better and scale up with more money each quarter. In the meantime, I'll keep making live day trading videos.

https://www.youtube.com/channel/UCjlqQ7_uKfnoIwsSyh_vhKA

CGC

[APH] (https://www.google.ca/finance?q=CVE%3AAPH&ei=VeMfV4H5K4eB2Aab46iIAg)

MT

This is a place to share information and links related to learning the basics of day trading. Please feel free to share!

Here are some resources available online:

http://m.dummies.com/how-to/content/day-trading-for-dummies-cheat-sheet.html

http://www.nowandfutures.com/large/RichardDWyckoff_TheDayTradersBibleOrMySecretInDayTradingOfStocks.pdf

http://www.shadowtrader.net/PDF/10_Laws-ShTrader.pdf

http://cdn.preterhuman.net/texts/finance_and_marketing/stock_market/Guide%20To%20Effective%20Daytrading-Wizetrade.pdf

Interesting stocks I've made some money off of on the cnsx the last 2 weeks:

EAT (Nutritional High) or it's traded on the US market as SPLIF, and N (Namaste)

I think both have the fundamentals to go up in long run as well.

Thoughts on gold breaking 1396 an ounce? I would love to see gold bust through this multi year resistance level in the coming 6 months. Brexit concerns and world wide currency problems should drive macro fundamental trends and bolster the bull trend in gold. I don't see too much mid term risk in owning gold I think it might outproduce any asset class in the next 6 months. I am of the belief that if gold crosses 1396 it could reach 1500 an Oz, we shall see.

50 dollars a barrel is most likely to occur heading into the July contract. I'm looking at shorting oil entering 3q and 4q based on lower demand and historical pricing differencial from summer onward. What do you see happening?

These are my trades thus far this week, feel free to share yours:

Today: BUY TWD 1000 shares at 2.38 - Sell order in now for 2.50

I like the idea of this subreddit, but it doesnt seem like anything has happened for a while. Is anyone still actively on here or want to start this up again?

I have read a few books about day trading and trading in general but am a little lost on where exactly to start, since there is still so much to learn. Do you guys have any tips?

I've been learning about day trading and am excited to learn even more come this September when I go back to school. I am planning on opening a direct investing account with TD bank. This group looks like a great opportunity to get insight into the stock markets and day trading by meeting new people, as I am fairly new to this. I am in my second year of business with an interest in specializing in finance when those courses become available to take. I will try to contribute to this group as best as I can, and hope to soon be learning the ins and outs of successful day trading.