Understanding the key components to successfule day trades will help you develop a day trading strategy that can produce strong profits in any market environment. Here are a few day trading pointers:

#1: When day trading, always cut losers quickly. This lesson cannot be emphasized enough. Day trading is NOT about your % of winners. In fact, my systems barely stay above 50% winners. Keeping losers small means protecting your day trading capital.

#2: Day trading profits must be maximized. This means letting your winners ride. Again, if around 50% of your trades are winners, that means that your profitable trades MUST be bigger than your losing trades in order to come out ahead in the long run. When day trading, we suggest setting a stop at your entry price once the trade hits a 0.35% profit and use a trailing stop until the market forces you out of your trade.

#3: Follow the same stocks constantly. Day trading is about spotting price patterns, breakouts and other trading opportunities. By following the same stocks each day, you can actually get a feel for how they trade.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.