Selection of instrument to trade is also important for a day trader.
For money can't be made on same instrument everyday. This will make the trader think that there is some problem with his method and he tries to tweak his method and end up in losses.
So how we select the instrument? Previously i used to trade only in BNF. Now i am trying with BN Stock futures. Risk is there but hopefully the SL will save the capital. Using pivot trading with 3m/5m charts.
Status : Capital still down by 30%
Thanks.
For money can't be made on same instrument everyday. This will make the trader think that there is some problem with his method and he tries to tweak his method and end up in losses.
So how we select the instrument? Previously i used to trade only in BNF. Now i am trying with BN Stock futures. Risk is there but hopefully the SL will save the capital. Using pivot trading with 3m/5m charts.
Status : Capital still down by 30%
Thanks.