$BTC Many new traders make the mistakes of beginners when using the wrong tools. It is very important to use the right day trading software and day trading tools. While a skilled trader can work with less than ideal tools, new traders need every advantage they can get.

That means ensuring you are equipped with the best trading software, scanning software, and charting software.

I often talk about trying to ride a road bike on sand. It doesn't matter if you have a $2,000 road bike — you can't ride a road bike on sand.

If you take an old $200 beach bike with big wheels, you'll have a great time! The person on the road bike will wonder why you have a smoother ride.