The intraday trader is normally very impatient and enters this field only because he dreams of quick money . The intraday trader has a sense of impatience and wants to take multiple quick trades on small time frames. This is the main weakness or the impulsive behavior that needs to be brought under control . It is only those intraday traders who check the main trend and the confluence of their trading rules before taking the trade that survive the long battle and turn out to be winners in the long run.The intraday traders keep testing all the different indicators on live markets and do not stick to one method . The variety of trades will only cause the losses to happen and reduce your capital.The trader should stick to only one method and fine tune that so that the method becomes second nature to the trader and he is able to curtail his losses and maximize his earnings.It should be kept in mind that not only has the trader to keep control on his capital but also on the profits. That means that when you are in gain try to lock the profits rather than to wait till the stop loss is hit and just because of the reason of the ego that the desired targets will be met.The intraday trading software or any trading strategy that pone devices should comprise of all the factors. Not only the entry is important but also the exit is even more important than the entry. It is the small stop losses and the bigger gains which are locked that will ultimately lead to gains. This is the challenge that a trader faces. For maximum profitable trades , it is better to build a trading system that you feel comfortable to use and are not confused when taking the trades. This is the reason the buy sell signals software for intraday trading , is required by traders. It makes it more mechanical and the money management rules are also incorporated into it. even if the stop loss hits it will normally give a following trade which will retain the and regain the losses.
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