If you have invested in stock, you should read this
If you have invested in stock, you should read this
If index is in positive from yesterday and the share you are holding is in minus then it should be cut and if intraday trend of index is in buy then one should buy a stock in which is in plus.
If index is in minus then one should look to short stock which are minus and not stock which are in plus
It is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also, simultaneously; if a stock is strong today it might not be strong tomorrow.
If US markets have gone up overnight, the markets here in all probability will open strong so one should be quite careful when buying stock as the general psychology of public is to buy when good news is there being a contrarians is very important while trading intraday.
Stop loss is must while trading intraday.
Always trade in very liquid stocks i.e. which have very high volume as entry and exit can be very fast in such stocks.
Does paper trading before you actually start trading so that when you start making paper profits then shift to actual trading.
Keep your volume constant ego if you trade in five lots of nifty future then trade in five lots only. This position can be increased only when you are satisfied with your trading for a month. It should not be that one day you buy five lots and next day trade in ten lots and third day you get a loss and stop trading for two days.
Fear and greed are at maximum levels while trading intraday so always have less position when you are new to intraday trading as otherwise you will be mostly under tension.
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