By M. Peski n, D. Schroeder [RUSSIAN]
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A 17” monitor will do the trick. A 19” is even better. Over 19” is pretty much overkill. You can have a bigger monitor, but you don’t need one. An Internet Connection Don’t be cheap here. Don’t ever try to trade using dial-up or a modem connected to your phone. A reliable Internet connection is essential for your trading success. After all, the data you receive from the market is what you’ll base ALL of your trading decisions upon, so you can’t afford a delay. Invest in a DSL or cable connection.
Don’t you think it’s pretty likely that he’ll start making bad decisions and begin, in essence, to gamble his money in the markets, hoping for wins? I can’t stress enough how important it is not to put too much pressure on yourself or your trading performance. And in order to keep the pressure to a minimum, you probably shouldn’t quit your day job just yet. Before becoming a professional day trader, your trading must be consistent, and your profits should be almost predictable. Give yourself some time to prove that you have what it takes to trade for a living.
Let’s look at a week that starts off with three losses. With three losses, you are now down $600 ($200 each). So you would need to have three wins that result in $900 ($300 each). Subtract the $600 you lost on the losing trades from the $900 you won on the winning trades, and your resulting net profit is $300. Goal achieved. Stop trading. ” 13 The Complete Guide to Day Trading YES! That’s exactly what I’m saying! Read the example above again: you lost $600 on three losing trades, made $900 on three winning trades, and came out with a net profit of $300.