SalehTrades Profile picture
Jan 14, 2023 7 tweets 2 min read Read on X
🚨 Day trading in the stock market can be a great way to make money, but it also comes with a high level of risk. As a beginner, it's important to understand how to manage that risk effectively. #RiskManagement
1. Setting an appropriate risk-to-reward ratio for your trades should be one of your first priorities. This entails setting a target profit that is at least twice as much as the maximum you're willing to lose on a trade. 1/2 R/R.
2. Diversification is a crucial component of risk management. Spreading your investments across various stocks and industries is the alternative to investing all of your capital in just one stock. Have some Long term $, Day trading $, etc...
3. Avoiding higher leverage is another important rule. This means that you should avoid trading stocks with excessive margin or borrowing, as these actions can increase your losses. Only trade what you are comfortable losing.
4. It's also important to have a solid understanding of the stock market and the companies you're investing in. Conduct thorough research and stay up-to-date on any news and developments that may impact the stock's performance.
5. Remember, day trading is not a get-rich-quick scheme, and it's important to always keep an eye on the risks and manage them accordingly. Start small and gradually increase your trades as you gain more experience.
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More from @SalehTrades_

Feb 2, 2023
🚨Recap of some trades from 1/31 and today 2/1. As always, these are straight from my personal trading journal
1. $SOUN 1/31/2023 5Min Flag + Pre Market High Pivot Image
2. $SOBR 1/31/2023 10Min Flag + Pivot Image
Read 7 tweets
Jan 31, 2023
🚨Some trading reviews from 1/30/2023, straight from my personal trading journal.
1. $HSCS 1/30/2023 10Min BullFlag + Pivot Image
2. $AEMD 1/30/2023 5Min Flag + Pivot Image
Read 5 tweets
Jan 29, 2023
🚨Recap of some trades from Friday 1/27/2023 / Straight from my personal trading journal!
1. FOXO 1/27/2023 5min Flag + 1min chart ImageImage
2. GNS 1/27/2023 5Min Flag Image
Read 7 tweets
Jan 27, 2023
🚨 Reviewed some trades from today
$AVYA 3/5min flag + Support/Resistance Image
$BIAF 10min Flag Image
Read 8 tweets
Jan 16, 2023
🚨Thread Alert! Let's talk about some chart patterns to look out for when day trading. #Chartpatterns
1. Head and Shoulders: This pattern is characterized by a peak (The "left shoulder) followed by a higher peak (the "head"), then a lower peak (the "right shoulder"). It's considered a bearish reversal pattern. Image
2. Double Tops and Bottoms: This pattern is characterized by two peaks (or bottoms) at roughly the same price level. It's considered a reversal pattern, with a double top being bearish and a double bottom being bullish. Image
Read 8 tweets
Jan 14, 2023
🚨 Reviewing your day trades is an important step toward becoming a successful day trader. It enables you to identify what worked well and what did not, allowing you to make changes and improve your performance. #Reviewing #Review
1. Analyzing your entry and exit points as well as the reasons behind each trade should be part of a thorough review. This will enable you to spot any patterns or errors in your decision-making. Review, Review, and Review.
2. it's also important to review your risk management strategies and determine whether they were effective in minimizing losses and maximizing profits. Although a 1/2 R/R is typical, you should always aim for more return and decreased risk.
Read 7 tweets

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