- Do not expect to become an
professional expert day trader in a day. It may take years of practice and
effort to learn day trading.
-
- Paper trading is a must which
you can do on some website who provide real time based trading for practice
beefore you use your own hard earned money.
- Don't Fear, If you are
"scared" you can't earn money in share market. Every reward goes to
Risk
- Stop loss are very important,
Don't Change your stop loss under any circumstances.
- Learn from your losses - take
advantage of each loss to improve your knowledge of the share market and earn
money in future markets.
- Never let your profits to turn
into losses. Consider square off from the trade, if the market is moving
against your predicted trend.
- If nse stock markets are not
performing the way you expected to perform, it is best to stop trade and not to
trade for the day.
- Don't Every Average by Buying
More if stock has moved down and same by selling more if stock is going up in
the bullish trend.
- Always keep records of your
day trading reports and do analyse those results at the end of the day. You can
use this for your future day trading.
- Professional day traders generally
sell when there is a good news about a specific company and buy those share
when there is some bad news about that stock.
- Patience, perseverance,
determination and a good trading plan are most important qualites for a
successful day trader in nse market.
- Never get emotionally involved
with your trades as emotions often work against you. We say don't trade by your
heart.
- Do not try to earn profit on
every trade that you do. Try to Make Profit at the end of the day.
- Don't do more trades, as
tracking lot of stock at a given time could be tough job.
- Always try to pick the right stock at right
time.
- Be flexible in your trading.
Some Intraday trading strategies work on some days and some on other days.
- Decide each day how much risk
you can take and don't change your decision under any circumstances. Exit for
the day if you have reached that position.
- Access to best information on
market and execution at the correct time is very important to trade
successfully for day traders.
- Get financial news service, Hire
a share tips consultants like Sai Intraday Tips and also open an account with a
Best broker firm in the share market and Get a Good Brokerage Scheme.
- Do not try to focus on too
many sectors and stock at a time.
- Always think positive what
ever is the condition of the market and try to keep patience. Don't Stress. If
market bottoms at a time, it will again make high. Wait for the right time
- Don't Trade each and every
day. If market is too volatile on a given day. Don't do day trading on that
day.
- Trade with the Market Trend,
Track the Market Trand, once you are clear of the market trend Start day
trading.