1. Usage of Stop loss is a prerequisite in day trading as it limits the losses.
2. Never undertake averaging in day trading.
3. Using trailing stop loss enables one to get the maximum profit once stock starts giving profit.
4. If in the beginning of the day one has been able to make a killing, then be ready to break for the day and do not thereafter trade in euphoria as thereafter you will be only benefitting the broker.
5. Ensure that day trading be undertaken during clear signal market.
6. Rumour based trading is a sure shot recipe for disastaer. It is a point worthy to note that news does not make levels, it just triggers levels.
7. Always stick to your intraday plan and do not get panicked and exit seeing the happenings on the screen.
8. Day traders game is a loner job and do not follow mass as 95% of them do not understand market.
9. If you can Book loss without feeling guilty you have already won half the battle.
10. Patience is a key virtue in day trading.
11. Avoid being speculative and try to understand every rise or fall as each has a logic.
12. Failures are the learning opportunity and thus should be a source of motivation rather than depression.
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2. Never undertake averaging in day trading.
3. Using trailing stop loss enables one to get the maximum profit once stock starts giving profit.
4. If in the beginning of the day one has been able to make a killing, then be ready to break for the day and do not thereafter trade in euphoria as thereafter you will be only benefitting the broker.
5. Ensure that day trading be undertaken during clear signal market.
6. Rumour based trading is a sure shot recipe for disastaer. It is a point worthy to note that news does not make levels, it just triggers levels.
7. Always stick to your intraday plan and do not get panicked and exit seeing the happenings on the screen.
8. Day traders game is a loner job and do not follow mass as 95% of them do not understand market.
9. If you can Book loss without feeling guilty you have already won half the battle.
10. Patience is a key virtue in day trading.
11. Avoid being speculative and try to understand every rise or fall as each has a logic.
12. Failures are the learning opportunity and thus should be a source of motivation rather than depression.
Subscribe Here to Get Free Millionaire Potential Stocks in Your Email Inbox Free Of Cost.
