What I wish someone told me before I started picking stocks to day trade
I spent a few months watching the markets before I actually put money in, and even longer figuring out how to pick stocks without losing my shirt. The internet is full of guides that read like they were written by someone who has never actually placed a trade, so here is what I learned from doing it wrong first. Start by understanding what kind of market you are in This sounds obvious but most people skip it. A stock that works in a bull market will destroy you in a bear one, and the same goes for sideways chop. I used to pick stocks based on their individual merits without checking whether the overall market was even cooperating with me. That changed when I started paying attention to whether the major indices were trending up, down, or just wandering around like they had no idea what to do. ...