Best Day Trading Strategy

What is the best trading strategy?

If it was this easy! There is not one "best" strategy for day trading. There are many good strategies and a lot of bad ones.

In general, a good day trading strategy tries to define how to react in different market situations (even though every once in a while, the market pulls a fast one on you!). The strategy should be very specific, yet simple to apply whether you are day trading currencies, stocks, or futures. It should include exact entry conditions, exit points, stop-loss management, and money management.

Unfortunately, as human beings we are constantly looking out for the Holy Grail in trading; that secret strategy that should work better than all others. Stop wasting your time! It does not exist. There are no secrets in day trading.

There are many "professionals" and companies willing to take advantage of this foolish desire among traders. This leads to the development of $5,000 dollar seminars promising to show you a magical new way of trading or a $3,000 trading software package claiming to make trading "EASY."

Many trading books are also written luring traders unwilling to accept reality into the application of the author's "newly-discovered" day trading techniques. Stop wasting thousands of dollars trying to discover the perfect trading strategy. Read through the entire Day Trading Tutor website. Sign up for a free, live demo of the trading simulator and read my e-book. If you ever feel ready to open a real trading account, you might consider starting small with mini account. This is a good way to become a more effective day trader.

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