Because we are often at home, trading has become popular because it has become an activity that has great profit potential and can be done anywhere. So not infrequently, many people make this activity as additional income on the sidelines of their activities at home.
Here are 5 Trading tips from Home for Day Traders:
Prepare all trading needs.
Make sure you are at home in comfortable conditions. Also make sure that your internet connection is fast and stable, because trading is very dependent on an internet connection. If you trade using a computer, or laptop, make sure your device is fast and responsive enough to prevent losses due to delays in execution.
Make sure you have sufficient capital.
Surely many of you still think that if you want to start trading, you must have a large capital. But, don’t worry because at Indodax you can start trading from 10,000 Rupiah! So, you don’t have to worry about having a large capital to trade. Just set aside money according to your money management.
Create a trading plan.
Speaking of trading, one of the most important things you must learn is to develop a trading plan. This is very important to manage the risk of loss. First, check how much capital you have today, what you will buy with that capital, what crypto assets will you choose, how much risk of loss you can tolerate, and what is your profit target. You also need to test which trading strategy is suitable for you, whether short-term trading such as scalping, or medium-term trading such as day trading.
Follow news developments.
Indodax provides a lot of knowledge for you, so you don’t have to worry about missing the latest news and crypto asset developments, several events provided by indodax such as indodax academy, indodax breaking news, indodax social media, coin rating, market signals and many more .
Take care of your physical and mental health.
Make sure you get enough sleep, don’t force yourself to trade so that you don’t sleep or even sleep at all, because there will definitely be another profit opportunity tomorrow. In addition, lack of sleep for trading will make you easily tired and emotional. Even though trading must be done with stable emotions, so you can analyze market conditions objectively and make good and correct trading decisions. So, keep your physical and mental health so that your trading performance is also maintained!