2. Day trading is short term trading

3. A day trade is (usually) entered and exited within the same trading day

4. Day trading is short term trading A day trade is (usually) entered and exited within the same trading day A day trader takes advantage of the relatively small movements in stock price during the trading day Although some moves can be more than 100 points

5. Point one – Get your research right Research on short term trading like day trading consists of technical research

6. Point one – Get your research right Research on short term trading like day trading consists of technical research Technical research involves reading stock charts to determine what is likely to happen to stock price at given times

7. Point one – Get your research right Research on short term trading like day trading consists of technical research Technical research involves reading stock charts to determine what is likely to happen to stock price at given times You’ll want to learn to read stock charts properly in order to be a successful day trader

8. Point two– Follow a winning strategy There are many day trading strategies available

9. Point two– Follow a winning strategy There are many day trading strategies available Always test a strategy for yourself before committing money to it

10. Point two– Follow a winning strategy There are many day trading strategies available Always test a strategy for yourself before committing money to it Start by back testing as far into the past as your charts will allow. Write down the results

11. Point two– Follow a winning strategy There are many day trading strategies available Always test a strategy for yourself before committing money to it Start by back testing as far into the past as your charts will allow. Write down the results Test in real time by paper trading from the strategy for a while

12. Point two– Follow a winning strategy There are many day trading strategies available Always test a strategy for yourself before committing money to it Start by back testing as far into the past as your charts will allow. Write down the results Test in real time by paper trading from the strategy for a while When you have a winning strategy, stick to it!