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Golden rules for nse Intraday Traders
1. Keep records of your Stock trading as a results & Pyramid your trades correctly.
2. Keep a positive attitude
3. Don't take the NSE Stock market home. Stock market will also open tomorrow so keep in mind that Today is not last day for Stock market so please Never over trade.
4. Forget your Education & degree and trust your instincts.
5. Trade with Stock market Trend & Don't trade if trend not clear.
6. Intraday traders are not afraid to buy high and sell low.
7. Continually strive for patience, perseverance, determination, and rational action.
8. Do not trade without stop Loss & Limit your losses – for the Day !
9. If you cancel stop loss order You will loss your all capital in one trade.
10. Decide & Place the stop when you trade.
11. Always discipline yourself by following a pre-determined set of rules.
12. Remember that a in Intraday Stock trading bear Stock market will give back in one month what a bull Stock market has taken three months to build.
13. Don't ever allow a big winning trade to turn into a loser. Stop yourself out if the Stock market moves against you 10% to 20 % from your peak profit point.
14. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.
15. Split your profits right down the middle and never risk more than 50% of them again in the Stock market.
16. Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it even quicker!
17. Divide your capital into 10 equal risk parts.
18. Never let profit turn into loss.
19. Never try to be over smart.
20. Withdraw some portion of profits regularly.
21. Never buy a stock to get dividend & Bonus.
22. Never average in your loss trade with stop loss.
23. Always Take big profits and small losses.
24. Never buy a stock just because it is low priced or don't sell just because it is high priced
25. Decrease your trade or close the Stock trading ( for the day ) after a series of successful trades.
26. For Intraday Stock trading Buy on rumor and sell on news & book profit fast.
27. Nothing ever new occurs in Stock market.
28. Leaders of today may not be leaders of tomorrow.
29. Trade only the active stocks.
30. Never do partnership in Stock trading accounts & trade your self by online trading.
31. Profit can not be made every day in the Stock market.
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