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Co-Wise: How did you start short-term trading?
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My Views on Short Term Trading

Apart from reading technical indicators and charts, I think the following are important that I learnt:

1. Position sizing. If one wants to be in business as a short term trader, you must make sure position size is computed and trade accordingly. Short term trading is about having an edge in probability and you do not want to lose all your bullets when you are wrong in a trade or two. If you can’t sleep well and worry about performance of your positions taken, then you probably taking a larger risk than you are feeling comfortable.


2. Establish entrance, stop loss and target price before trade. You must know these prices before taking up any trade so you can lock in your profits (instead of returning to market) and minimize losses (if market is against you).


3. Mental Strength. Have a strong mental strength and be able to cut loss when the time come. One tends to hesitate and hope for the price to get better, but a bearish trend waits for no one. Use the trading platform’s features like Stop-Loss Order, Stop-Limit Order, Attached Order, etc to help you. So you won’t be affected by emotions.


Hope this helps in your journey to short term trading. Like if you find this useful


I am also learning and hope to learn from the all of you here as well. Leave a comment or two on your thoughts or anything you would like to share.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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