How to master day trading?

Avoid Penny Stocks: Penny stocks, though alluring due to their low prices, often carry significant risks. Their high volatility and potential for manipulation can lead to substantial losses. As a beginner, it's advisable to steer clear of these stocks and focus on more stable investment opportunities.

Stay Updated with Market News: To thrive in the dynamic world of day trading, beginners must cultivate a habit of regularly consuming market news and analysis. This practice helps them anticipate market movements and adjust their strategies accordingly.

Set Aside Dedicated Funds: A cornerstone of successful day trading is allocating specific funds solely for trading purposes. This practice ensures that personal finances remain untouched, mitigating the risk of financial distress in case of trading losses.

Dedicate Time for Trading: Day trading demands commitment and focus. It's essential for beginners to set aside dedicated hours each day, free from distractions, to execute their trades and monitor market movements.

Knowledge Is Key: For day traders embarking on their journey, understanding the fundamentals is crucial. Alongside mastering trading procedures, staying abreast of the latest stock market developments, news, and events that sway stock prices is paramount. This insight equips traders with the necessary tools to make informed decisions.