When Should You Stop Trading? (The Golden Rule...)

If you want to be a successful day trader and make consistent money online trading stocks, you need to have some basic rules within your stock trading strategy. One of these rules is the ability to realize when you need to stop trading. This may seem a bit backwards given we need to trade as day traders in order to make money; however, at times continuing to trade can do more harm than good. I recently had a situation within my personal trading where I put myself in the position of needing to stop trading and walk away. Admitting that you need to stop trading is not pleasant, but it is a rule you must have as a trader and is an objective you need to learn about when you are new and just getting started in the stock market. I use a real life example to illustrate my point, so let's get to it!

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