Final Episode of STOCK MKT

Points to keep in mind while trading as an ' Intraday Trader'

Every investor is tempted as to how intraday trading can be done with profits at the end of the mkt sessions. But it is a fact that only a Bunch of traders wl be registering profits and that is because they follow a strategy and drill under a huge plans as to how to trade for the next day. 

Some simple and easy to b followed along with accurate observation and then  u can also b the part of the Bunch of booking profits OR at least u wl b able to minimise ur loss. The purpose of the intraday trading is to register small profits which can be average out at the end of the sessions.

I m sharing some of my personal observations wid u as an 'Intraday trader', which can be helpful to u.

I would strongly recommend dat before diving into this field pl....pl....pl....observe the Market at least for a Month....observe the basic movements of d mkt, try to catch the reasons of the daily up-down of the mkt. start trading once u r sure enough to grab the mood of the mkt, 

1. Always keep Nifty under observation.

The Nifty is an indicator of all the major companies of the NSE.  

If the Sensex goes up, it means that the prices of the stocks of most of the major companies on the BSE have gone up. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE have gone down. 

Just like the Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE. 

2. choose those stocks which have a huge volatility. The movements of up and down of the share price should be high. 

3. start trading  wid a minimum trade quantity. Fix ur limits for daily bases.

4. never invest ur whole balance in a single scrip. Go for multiple scrips. The reason is if by chance ur trade fails, u still have chances wid other scrips to cover up the loss otherwise u wl face 100% loss just in a single trade.

5. Always fix a stop-loss which is very important to minimise ur loss. U can shift ur stop-loss according to the movement of d mkt. 

6. Refer CNBC or any other mkt related channel along with trading just to get the  latest mkt related updates. 

7. every company announces quarterly results, so avoid trading in dat perticular scrip whose results are expected in a day or two because the price of dat scrip move according to the result.

8. Time is very important, follow the clock before trading. The effect of opening of other international mkts  also affect NSE and BSE. Hv a glance on the intrnl opening during our mkt session. 

9.  Volatile Stock market is good for the BTST. BTST means buy today sell tomorrow, what you have to do is in last closing 15 minutes you have to buy your stock and in first 15 opening minutes you have to sell your shares, no matter what the prices are. You have to have square up your position as the market opens, either you make money or loose money. 

Never ever RUN behind the TIPs given by the brokers or any 'Tom , Dick or Harry'. Continues observation is the only Tip. 

Here is the MOST IMPORTANT POINT :

" STAY MILES AWAY FROM THIS FIELD ".

Surprised!!!!!! 

As there is a caution ' Smoking is Injurious to Health' on every cigar pkts, nd Every smoker knows about d ill effects of smoking yet he cant resists JUST the same way I m also warning u all. Most of the people know How this field Ruins the investors but still they cant resist to invest in Craving of earning a Fortune.

Choice is urs frndz....We must know our limits, timely quitting is always better. I m a Proud Quitter.

All the Very Best....I Hope All Of You Book a Lot Of Profits...