How I Avoid Giving Back My Profits (Day Trading Tips)

published 2 months ago by ClayTrader

A huge problem that you want to avoid within your day trading is "giving back" your profits. There is nothing more frustrating or discouraging than to start strong with your day trading and make money; however, then lose the money you had originally made. This is a struggle that all traders experience. Whether you are a beginner day trader who is just getting started or a day trader with years of experience, this hassle exists for everyone. I want to share with you one of the day trading tips I've incorporated into my every day trading which helps me avoid this problem. If you want to learn how to day trade and make money consistently, you need to have a strategy that allows for you to protect the money you've made. Money management is a critical part of any day trading strategy and in this video I'll show you a simple, yet effective, day trading tip that will make money management easier within your overall strategy. Let's do some learning!

more episodes from Learn To Trade Stocks and Options