Well given you just learnt the first lesson the following point can help with that.
Rule 1. start small, set a smart maximum % on your trades. eg 5% of trading account, less if high risk, with a fixed maximum downside (eg 20%) on that so you could only blow maybe 1% of your account if things go against you.
Next lesson to learn will be
Rule 2. when you get a few winners and make some wins....dont get carried away - stay small , remember rule number 1. or you WILL blow your gains!
Otherwise Look at the information compiled on the STT thread. Lots in there, some repetitive, but lots of good points!
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- ASX - Day Trading
- Day Trading Pre Market 11.1.24
Day Trading Pre Market 11.1.24, page-32
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