First of all , we must look for a security company which can offer extremely low brokerage rate.(You must be able to make money even with one tick increments i.g. for shares below RM 2.60 per share) ( 0.5 cent for share below RM 1.00 and 1.0 cent for share below RM2.50.) ,( for SHARES above RM2.50, THEN WE MAY REQUIRE 2 TICK UP to make profit)
Secondly, Day trader try not to hold position in the following trading day
Thirdly, take your profits irrespective of its amount ( even a RM 10.00 PROFITS !!)
Fourthly, able to identify high momentum stocks on that days via careful observations /Studies, and this may require some hard work & experiences indeed! YOU MUST BE on-line IN REAL TIME, it is a pre-requirement to be a Day Trader.
There are many tools and information available in the internet world to assist you to trade profitably.
Wish you having a successful and profitable trading days ahead.
Thank you for sharing the insight! Your article is very helpful and informative. I would like to read more updates from you.
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