My day-trading method is becoming drastically more profitable over the latest four months. I know exactly why. Here are the tips that worked.
1. I changed myself to wait for the right opportunity more often.
No matter what, chance kicks in sometimes. You trade not for fun but to participate in one of the good moments.
2. I delayed the loss cut but kept the Risk/Reward Ratio. I found my style.
The market has a lot of noise. In other words, price fluctuations. Those Noises can damage you financially if you do not deal with them. There are two ways to manage the problem. The one is to resist the urge to hold a position too early. The other is to set the stop order in the deeper area.
3. I use everything to make the final call.
Why would you limit yourself by saying "I am a fundamentalist" or "I employ technical analysis"? Well, use both. Gather a lot of information and analyse the latest financial market from reliable sources to determine the long-term trend. Then when you take a step into holding a position in the market, it might be the right time to utilise the technical analysis.