2007-02-14 03:05:13 · 11 answers · asked by avi 1 in Business & Finance ➔ Investing
1) If your trading capacity is Rs.1,00,000 -Trade only for Rs.50,000- Do not trade for Rs.2,00,000.- do not over trade.
2) Trade in different sectors.
3) Do not be afraid to buy at high prices and sell at low prices. -Do not buy just because it is a low price & do not sell because it is high.
4) Buy when there is bad news and Sell when there is good news.
5) Become the buyer when everyone is a seller & Become the seller when everyone is a buyer.
6) NSE & BSE will never close , every morning at9.55a.m. ( 5 days in a week) it will open. So do not try to be a millionaire in a day. It is next to impossible to earn money every day in stock market.
7) Do not average out when market is not in favour. Limit your losses by keeping a stop loss order - Never cancel a stop loss order after you have placed it, otherwise you may loose more.
8) Do not hurry to book profit when market is in your favour - wait for the right time.
9) Remember that if you are caught in a SHORT SELL POSITION, high chances are that it will give back in less than a month. But if you are caught in a LONG POSITION it takes much more time to build (Sometimes we have to wait for 2- 3 years for our buying prices.)
10) If you consider 10 different reasons affecting the market - on an average, 7 reasons are for bearish trend & only 3 reasons for bullish trend. Hence be cautious in taking a long position.
11) Do not forget to adjust daily expenses like Brokerage, telephone & Mobile bills, Internet charges, computer maintenance, etc. in the profits.
ADVANTAGE OF INTRADAY Trading (Day Trading)
1) You will have to pay less Brokerage.
2) Everyday you can do fresh trading according to the market trend because everyday market trend is different.
3) After stock market closing, no body can predict next day's market opening.
4) There is no need to pay any carry forward margin.
5) In intraday you can trade good volume with low risk. Hence chances of earning more are higher.
2007-02-14 04:27:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
trading in stocks is a matter of skill & discipline & not luck---
intraday trading is like a business---to be successful u need to have a system & then follow the system diligently.
without a system u are never going to make money in the long run.
my system & rules
evaluate your financial capacity.
use of technical analysis--strictly no news/tips based trades
determining risk to reward ratio.
avoiding compulsive trading
walking off from the trading terminal every 45 mins for a 5 min. break--this keeps the mind from being over worked.
pre-market study of charts--to determine the trend---& then pick up couple of stocks for action
not to panic if the trade goes wrong---no one is 100% perfect--the aim is to achieve 70 % to 75 % strike rate.---end of day or end of the week net result will be always positive.
avoiding high beta stocks.
with all the above ---one more imp. thing--maintain optimum physical & mental health---in the long run will always help in making correct decisions.
best wishes to all intraday traders.
2007-02-16 09:47:02 · answer #2 · answered by lamrin18 1 · 0⤊ 0⤋
First off all you need to open your De-mat Account, A company where you open your demet account provide you a s/w, use of this s/w your trade on-line on your laptop.. Basically intraday share market is work like more risky and more gain. So, Do needfully.... All The Best ==================
2016-03-29 06:13:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Only NSE offers intraday share trading.
friend there is no perticular way to gain in share trading..this is just a gambling.
better choose safe and long term investment like mutual fund or unit linked ins plans.
please refer www.amfi.com Association of mutual fund investor.
http://mutualfunds.about.com/ ...
www.iciciprulife.com...
2007-02-14 03:18:42 · answer #4 · answered by bhuvnesh_lucky4u 2 · 0⤊ 0⤋
Hi there,
Anu's answer is the EXACT !!
I'd have described the same thing, but Anu's is good one.
Think the trading as anyother business and be serious.
Note down Anu's points and study & follow it minutely - you find years of experience in it.
2007-02-15 16:42:50 · answer #5 · answered by shantanu p 1 · 0⤊ 0⤋
Keep track of each news coming in the barket and tacking action before it reacts the market......
Keep a track when the market is closed tooo....
2007-02-14 03:13:48 · answer #6 · answered by pinchoo3351 1 · 0⤊ 0⤋
Lots of homework, good on technical analysis and pre-screened stocks.
KKP
2007-02-15 08:09:46 · answer #7 · answered by KKP_Investor 3 · 0⤊ 0⤋
I can email you trades everyday in real time if you want.
Top 4 Answerer.
2007-02-14 15:46:28 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Use indicator such as RSI............be disciplined in making Stop losses............play within your budget...........You will surely succeed.
All the best!
2007-02-14 14:44:11 · answer #9 · answered by Sharad 2 · 0⤊ 0⤋
keep up to date on the stock and RESEARCH
2007-02-14 06:04:43 · answer #10 · answered by mps988 2 · 0⤊ 0⤋