Day Trader's strategy for the very beginning

Trader Strategy for Beginners - Short and Easy

Let's assume you are a day trading beginner, and you have no clue what is a strategy, even though it is a foundation of your work as a day trader.

These are your commandments that will lower your learning cost and speed up your first wins.

All terms will be explained in other posts in time.

Rule	Quick Explanation
1. Stick to your strategy — no exceptions	If you don’t, it’s pointless.
2. Don’t trade unless you're mentally ready	Emotions kill logic. It’s better to sit out than force a trade and lose due to frustration.
3. Start working 2 hours before the opening bell	Pre-market prep: scan Top Gainers, IPOs, news, volume, volatility, etc.
4. No setup = no trade	Never force a trade. There’s always tomorrow.
5. Trade only one stock priced between $1–$20	If you can trade fractional shares, open positions with as little as $1.
6. Max two open positions at a time	More than that and you won’t be able to manage the data.
7. Focus only on your screens and price action	Stay laser-focused. No distractions.
8. If the stock loses momentum — get out	Every ticker has a daily limit. Ride the wave, then exit.
9. Cut the position if it drops 10%	Use a stop-loss when possible.
10. Don’t add to losing trades	Never average down. Protect your capital.
11. Hit your daily goal? Cash out and log off	No revenge trading. Walk away a winner.
12. No overnight holds — close everything	Doesn’t matter if it’s green or red — cash it out before the close.
13. Keep a trading journal	Track every move and every result. Learn from your own data.