Market Volatility- Caution · Day Trading for Beginners

Market Volatility- Caution

All,

I learned a valuable lesson over the past week, and I wanted to share and get your thoughts. I was investigating the Postion trading/swing trading strategy. But because the markets were so crazy, it seemed like the support/resistance levels had jumped up. I ended up holding into a stock for too long and it took a dive.

I realize is that goin into each trade, no matter what, I need an entry, a take profit and an EXIT point.

I am still paper trading, Soni didn’t lose any real cash…but ouch!

So my main lessons:

1) be careful studying charts with recent volatility

2) always set entry, and exit and take profit points.

Did you notice this or have problems like these?

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