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Tips and Tricks for Day Traders
Day traders Buy or Sell Stocks several times
every day and close out all positions before the market closes.
The expectation of Traders is making small
profits with as little risk as possible and they simply look for potential
price movement Based on Technical Analysis.
Select your Stock, Decide the Quantity, Decide
the entry and exit price and Decide the amount of money you can loose if the
trade goes against you.
Trading in Opening and Closing hours of the
market is Risky but Rewarding.
Always trade with Stop Loss. Set Stop Loss
Sell Order just below the low of the day or Support level and Stop Loss Buy
Order just above the high of the day or Resistance level.
Always trade in High Volume Index based
Shares.
Select Three or five stocks for Trading.
It is not possible to Buy at the Bottom and
Sell at the Top.
Try to trade between the Bottom and Top.
Always buy a stock that is going Up. Buying
level is just above the previous closing price.
Always sell the stock that is going down.
Selling level is just below the previous closing price.
One common mistake by Traders is averaging
Loss making position. You must exit if the trade goes against
you.
Book Profit and leave the trading hall and
enjoy the day.
Cut your loss - Relax – Forget your loss
quickly. Wait for next Opportunity. You can
Win.
Always record details of your trades and
mistakes. Accept failure as a step towards victory.
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Before using this site content, please make sure that you note the following important information.
See full Terms & Conditions and Disclaimer/Disclosure before taking any action.⇒
