While many Day Traders continually attempt to daily "grind out" profit several times a day, I take a "lazy man's" approach to Day Trading, and my daily goal is to simply do one ?successful? trade a day, and preferably, that trade will occur within the first few minutes following the markets opening. I am exceptionally over-zealous in my conservative and very strict approach to trading, and I will only trade when the odds of making a profitable trade are in my favor, and if they are not, and the sentiment of the stock market is not in total alignment with my trading rules, I will not trade!
Day Trading, provides me with the excitement, stimulation, and financial returns necessary to fulfill my personal goals, and although Colorado based, I can do business and/or live anywhere in the world that interests my wife and me, if internet access is available, although usually in the mountains or shores of America or the world.
If my wife and I want to go on an adventure for a short period of time, and there is an internet connection available, we can pack our computers up, and move our business location in just a brief amount of time, and if I choose not to work, and shut my doors for a day, week, month, or year, my business will remain intact until I open my doors again. There are many rules to Day Trading, but my extremely conservative trading philosophy has presented me with 4 trading rules that I constantly adhere to and never deviate from:
1, Know the stocks you are buying and selling better than you know the back of your hand. 2. Cut losses quickly and take profits quickly. 3. Never get greedy. 4. Never leave a position open over night!