Cheatsheet for all beginner to trade SPY, TSLA & NVDA

Michael Esther
05-03

Cheatsheet for all beginner traders to make $200-$500 a day with $2000 account for $SPDR S&P 500 ETF Trust(SPY)$ $Tesla Motors(TSLA)$ $NVIDIA(NVDA)$

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1. Understanding technical analysis and being able to read price action in real time (1min-2min time frame)

2. Figure out what 1-2 set-ups to take each day from 9:30am to 11am

3. Having a notebook next to you so you can write notes on every trade you take (as review)

4. Determine how many contracts to get for each trade and where stop loss is % and what targets should be. EX. Risk $100 but try to sell at $300 target (win)

5. Use your system and follow the rules you created so you can stick to your plans

6. Work on consistency and improving entry and monitor your emotions (awareness)

7. Boost confidence in trading in day by rewarding yourself for good behaviour

8. Recognize your mistakes and understand trading is boring (no trade is also a great position)

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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