As a new day trader one should not jump into market with large orders with slightest profit as market is like a beautiful woman which entices new people and make them commit mistakes. Thus you have to be on guard against this tendency of going overboard with success.

As a new trader in market either start with 100 shares in case you are going in for bluechip stocks or in case it can be any stock, than cap the initial trading capital to Rs 50000 and this way, you will have risk mechanism in place. Moreover during initial period always trade with a fixed amount irrespective of how much the market looks lucrative.

As a new trader you will be committing a lot of mistakes and thus ideal is to find a market expert and trade along with him as per his guidance and in turn he can even teach you certain trading strategies also, which other vise you will learn by burning your hands.