Posted by
Rajesh.S
What rule do you follow for intraday trading?
Khushi Gupta, studied Finance at Alliance University
Answered Jul 14, 2017
"When you buy and sell a financial securities within the same day, it is called Intraday Trading".
"When you buy and sell a financial securities within the same day, it is called Intraday Trading".
The Tips, you can considered are:
- Be patient--don't just dive into a trade
- Develop a proven strategy--don't just trade blindly
- Trade what you know and understand--if you cannot explain it, why trade it?
- Check the daily news on your stock before you trade--stay informed on upgrades/downgrades/earnings etc..
- Get into a pairs trade if your initial trade is not working—Reduce your Risk
- Know yourself--trade within your comfort zone
- Trade with simplicity--don't overthink things
- Learn from your mistakes--mistakes are inevitable so use them to your advantage
- Drop your ego at the door--it's all fine to take a loss, it's part of the game
- Read as much material as you can on day-trading strategies--Knowledge is power
Remember always:
- Understand that getting 20–30% of your trades profitable is good.
- Don't force yourself to trade- -trade when the opportunity is right, not because you have to.
- Don't trade like a compulsive gambler--trade under control.
- Always use a limit order to get in a trade. Always have a stop. Don't override your stops.
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@Nina Athena
ReplyDeleteThank you. Yeah sure. Will post more interesting things.