#MarketRebound Many new traders make the beginner's mistake of using the wrong tools. Using the right day trading software and day trading tools is very important. While a skilled trader can work with less-than-ideal tools, new traders need every advantage they can get.

This means ensuring that 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 beach bike worth $200 with big wheels, you'll have a great time! The person on the road bike will wonder why you have a smoother ride.