15 Ridiculous Things You Must Avoid In Day Trading

10 Ridiculous Day Trading Mistakes You Must Avoid

Ridiculous Things You Must Avoid In Day Trading. Day trader fighting with a bear to show the concept of moving against the market trend.

Day trading is an attractive option to make money quickly in stock markets. But, some ridiculous things you must avoid in day trading. If you are successful in controlling day trading mistakes then money making is not a difficult task.

However, if you continue to make these mistakes you are likely to take away from trading itself. Day traders often ignore these simple & common things while trading but they can adversely affect your returns.

They are also known to increase risk to your hard earned money. You are advised to avoid these silly & ridiculous things by adopting a good strategy to beat your competitors. Here are 15 ridiculous day trading mistakes you must avoid:

[You can also watch an exciting video on this post from GetUpWise channel on YouTube.]

(1) Borrowed Money

It is one of the first things you must avoid in day trading. Several day traders prefer to use borrowed money to buy & sell stocks for intraday.

You can borrow money either from your friends, relatives, moneylenders, or even from your brokerage house. Money borrowed from brokerage house is also referred as margin money.

Your borrowed money can help you to gain enough profits faster and/or in larger quantities from your trades. But, it can also increase your chances to lose money fast due to wrong trade.

Sometimes, even a single decline in the value of stocks purchased may ruin your entire capital. Therefore, you need to be extra smart to deal with stocks in day trading.

It is always better to use your surplus funds for intraday instead of using borrowed money from someone else.

Image Source: Shutterstock

Recommended Posts

About Editing Staff
At GetUpWise, we are a team of professional writers from different areas of subjects. We are conducting thorough research on each & every topic from highly reputed sources before writing any piece of article. Once research is done, we try our best efforts to provide informative piece of articles in an easy to understand manner. It is something that is extremely essential to meet our goal while reaching & offcourse building a strong online community. We do update our articles from time to time in order to provide the most latest information quickly. Thus, our articles can be used as a "way to gain smartness".

Leave a comment

Your email address will not be published.



This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Instant Access To GetUpWise Posts

Subscribe Us


Please do verify your email address by clicking a link sent to your email.

More in Stocks & Mutual Funds
Basic Day Trading Rules For Intraday Traders
10 Basic Day Trading Rules For Intraday Traders

Every trader wants to earn money in stock markets. Your dream to gain profits can come true by following basic...