Intraday Trading - Check List
10: Never average in intraday. Also once you profit from a stock and square your position don’t take fresh position in same stock. This helps to keep check on greed.
11: Never Love your stocks. Never convert intraday into delivery and delivery into intraday.
Many people were amazed to see my trading recos but didn’t know how to go
about it. So I thought to write a short article on how to go around with my
recos.
Statistics tell us that the great majority of the time, one end of the
daily price range of the BSE occurs within the first hour of trading!
Consequently, if we can place a winning trade in the first hour of trading,
we’ll have terrific trade placement. Hence it is important for trader to trade
early in morning in the stock he has knowledge.
So here are few recos on how one should go around with my recos
1: Only check my intraday trading tips if you are willing to sit in front
of your terminal from 9:15 in morning to 3:30 in the afternoon. As some one
rightly said “No One Made Money with Smart Analysis, But Everyone Made Money by
Investing Smartly With Patience.”
2: Pick your trade to go long or go short as per the major market trend.
3. One should be completely relaxed while trading remember it’s your money
and once lost will not come back. But Recommendations will come and go.
4: The stocks with S.L. are a bit risky ones. But rewards can be high too.
Trade in them with extreme caution.
5: One can enter all intraday stocks in morning itself and enjoy the run
with one condition mentioned below.
6: Don’t enter stock that has ran by more than 3% in morning / Opening. Let
it cool. See sellers volume in the stock.
7: Don’t ask me while booking profit. Its all yours take it and enjoy.
8: If you take position in my stocks, for intraday, try to take position in
all stocks that are being mentioned in small but same lots. You will earn you
good profits. Also your risk will decrease if anyone of them does not perform.
9: Avoid Using ICICI Direct/HDFC Securities etc Hi-Fi Brokers for Intraday
trades. It’s not at all recommended in my view. You will be charged more.
10: Never average in intraday. Also once you profit from a stock and square your position don’t take fresh position in same stock. This helps to keep check on greed.
11: Never Love your stocks. Never convert intraday into delivery and delivery into intraday.
12. Check stocks from Top Gainers, Study their news, Check for further up
scope left or not.
13. Always feet limit order just below the Target given in the
recommendation or % Target on your capital.
Now Just Chill Out, Relax and see money being minted.
BEST OF LUCK.
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