After a relatively calm 2017, this year has seen the return of an old but not completely forgotten market phenomenon—volatility. While definitely not a bull market and not quite a bear market, analyst Charles Schwab this year’s performance “a ‘bunny market,’ as the jittery stock market hops up and down.” In just the first week of February the CBOE Volatility Index (VIX) shot up more than 175%, and Investopedia’s Anxiety Index (AIA), which gaug🍒es the level of negative sentiment based on the terms searched for by readers, rose to its highest le⛎vel in nearly two years. 

While the return of volatility may be bad news for some, experienced 澳洲幸运5开奖号码历史查询:day traders can generate profits whether the market goes up or down, but that means following a strategy. Below are 10 tips, according to MarketWatch, that aspiring day traders should factor into their respective strategies. (To read more, see: 澳洲幸运5开奖号ℱ码历史查询:TD Ameritrade: Elevated Volatility the ‘New Norm’.)

1. Start Small

The saying ‘go big or go home,’ while inspirational, is not for beginning day traders. As it can take years to develop the skills to become a consistent day trader, i꧃t’s important to limit the size of losses by limi♑ting the size of the trade. As experience is gained and less mistakes are made, investing larger amounts of money becomes less risky.

2. Forget those practice accounts

Trading is a menta𒆙l game, whi♑ch is why it’s important to feel the pain of losing real money and the joy when real gains are made. Open a real account to get exposure to the real psychological effects of surfing the market waves.

3. Be choosy

Don’t jump into the markets head first with dozen of trades a day. Take it slow and easy, thinking carefully about each t🍒rade, and the intuition ﷺfor good trades will eventually come.

4. Don’t be overconfident

Confidence is good, but overconfidence can break the bank. It’s important to trade only what you are comfortably able to afford losing. Maintaining a reserved humbl🉐e attitude will more likely lead to consistent profits in the long run.

5. Be emotionless

Follow your trading strategy not your emotions. Losing can eat aw﷽ay at your confidence, while wi🌠nning can lead to overconfidence. If you stick to your strategy and routine, emotions will be less likely to affect your behavior.

6. Keep a daily trading log

Tracking performa♛nce over time allows you to fine tune a winning strategy, and you’ll be less likely to make the same mistakes over again.

7. Stay focused

As already mentioned, trading is a mental game and requires significant amounts of concentration. When positions are opened, they need♎ to be constantly monitored. Even taking a break for l🦹unch can lead to devastating losses.

8. Trade only a couple stocks

When first starting, focus on just a couple stocks or market indexes. Trading too many stocks throug𒉰hout the day gets c♏onfusing fast.

9. Be content with small profits

Greed is another trait that can kill you quick. Be satisfied with small gains and work on becoming a more disciplined and consiꦡstent trader.

10. Don’t trade every day

Day traders do well in volatile market environments, so if volatility calms down again, rather than trading every day you may have to change to a longer-term buy and hold strategy. (To read more, see: 澳洲幸运5开奖号码历史查询:Day Trading Strategies for Beginne🦋rs.)

And never forget, trading is risky. It’s not like your average job where you clock-in and get paid for your hours. When you trade for a living, it’s entirely possible to actually lose money for your day’s work. That’s why it’s important to 澳洲幸运5开奖号码历史查询:develop a risk-management strategy, test it and follow it.