1. Stay neutral
You should not be emotionally suffering for the rest of the day after losing any of the trades. You should not predict the future price movements under any circumstances.
2. Don’t be afraid to put Trade
Lack of Confidence or fear in the trade decision will lead it difficult to enter into trade. Too much fear will make you take losses before the actual stop loss hit.
Confidence will help in taking good decision .
3. Use only risk capital for trade
Always trade with money you have other then another income in order to make neutral decision.
4. Be patient
Always be patient with your trade experience. Take your own time to trade on paper for while. Also wait for the opportunities to trade with.
5. Learn how to manage money
A good trader will never risk more than 2% of the trade capital on single trade.
6. Always Trade with Confidence
You should trade with confidence because it is the most important secret to successful day trader.
7. Focus on Strategies that suit you
Always try to implement few strategies instead of many at once. Try to find out the strategy you are comfortable with and master it.