Golden Rules for successful intraday trading.
Paul75:
I am agree with you for the following statement "Buy Into Companies That You Trust" for this trader can check company's past history as well. Traders also check company's quarter progress report before invest there.
I am agree with you for the following statement "Buy Into Companies That You Trust" for this trader can check company's past history as well. Traders also check company's quarter progress report before invest there.
Yes dats the good point , sir, judging about the company is undoubtedly 1st needed parameter because after all its your money where you will like to put,
Thanks for your partcipation
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You are responsible for the way your day trading business operates. It is you that has to take responsibility for the choices that are made in your trading account. By keeping the short list of rules in mind, you can increase the odds that your choices are at the very least made with logic and rational thinking. Breaking these rules are some of the quickest ways to lose money in the markets.
First do paper trading and if you get success then start your actual day trading. If you don’t get success in paper trading then do not do day trading, you will lose all your money
Initially don’t use margin amount for day trading. Once you get lots of experience then you can use margin amount. Trade only with the money available with you so that if the trade goes wrong you can take delivery of those stocks and sell later instead of bearing loss. This is only possible if you have bought shares and not possible for short sell trade
Be in touch with news/events in the market. Most of the time it has been observed that News and Events affect the market.
Confusion is a signal as well. When confused, simply stay out of the market. There is no reason to press the issue when you don't understand what is going on. It is at this point where trading simply becomes gambling, and gambling is not we are here to do.
Never trade out of boredom. Trading out of boredom can be in account killer. Many traders will place trades just to place a trade, with no more thought or strategy than the knowledge that it's a possibility they may make money if they place trade. Again, this is simply gambling and not trading.
Buy Into Companies That You Trust
Those companies that you trust for your everyday needs -- the companies that make your clothing, your car, and other products that you rely on for quality -- are often a good lead for good investments. If you trust the company for the quality and notice that they produce consistently good products, chances are that other people will too. This means that the company's product may keep selling and the chances that you will make money on your investment are good.
No matter whether you are looking forward to go for midcap stocks or other investment, you should not try to be impatient as this is the greatest enemy. You should always be patient and make your decision to invest in it very carefully. You can try to make the right decision by looking at the stock charts and this can help you to make the ultimate profits from the market. If you can take the right decision and also the proper timing to invest in the stocks then you would be able to make yourself profitable in the market. Thus you have to know how to get the real midcap stocks tips from the market.
However intraday traders can make money every day with hot intraday stock tips as stock specific action takes place in every market and it occurs on every trading day. Nifty closing above 4680 means bulls can tighten their belts for a short term upmove which will be further confirmed if it crosses above 4720 levels with volumes.The market breadth ended positive with 1,408 advances and 1,259 losers on the Bombay Stock Exchange.
Many people fret about where to buy stock. Today, the investor has more choices than ever before:
Today, many investors like buying their stocks on the Internet. Not only is it relatively secure and fast, but it allows an investor maximum control over their stock purchases.