One of the most important aspects of day trading is developing a solid trading plan. A trading plan is a roadmap that guides your trading decisions and helps you stay focused on your goals. A good trading plan should include clear entry and exit strategies, risk management guidelines, and criteria for selecting and analyzing stocks.
The stock market experienced a volatile end to this week, with major indices showing mixed results. Here’s a summary of what happened: On Monday, the stock market began the week on a positive note, with the S&P 500 and Dow Jones Industrial Average both rising to new record highs. The Nasdaq Composite, however, struggled to keep up with its counterparts due to ongoing concerns about rising interest rates. On Tuesday, the market took a dip as investors digested the news…