It seemingly looks to be
the simplest and the most
rewarding. But in intraday
trading one has to be very
fast and quick and have to
be on your toes always, so there are certain rules
which one has to keep in
mind. * If index is in positive from
yesterday and the share
you are holding is in minus
then it should be cut and if
intraday trend of index is
in buy then one should buy a stock in which is in
plus.
* If index is in minus then
one should look to short
stocks which are minus
and not stocks which are
in plus.
* It is not necessary that a
stock which is weak
today during intraday
trading might be weak
tomorrow also,
simultaneously if a stock is strong today might not be
strong tomorrow
* If US Markets have gone
up overnight, the markets
here in all probability will
open strong, so one should
be quite careful when
buying stocks as the general psychology of
public is to buy when
good news is there.
* Being a contrarians is very
important while trading
intraday.
* Stop loss is a must while
trading intraday.
* Always trade in very
liquid stocks i.e. which
have very high volume
because as entry and exit
can be very fast in such
stocks. * Do paper trading before
you actually start trading
so that when you start
making paper profits, then
shift to actual trading.
* Keep your volume
constant e.g.: if you trade
in five lots of nifty future
then trade in five lots
only. This position can be
increased only when you are satisfied with your
trading for a month. It
should not be that one day
you buy five lots and next
day you trade in ten lots
and third day you get a loss and stop trading for
two days.
* Fear and Greed are at
maximum levels while
trading intraday so always
have less position when
you are new to intraday
trading as otherwise you will be mostly under
tension.
the simplest and the most
rewarding. But in intraday
trading one has to be very
fast and quick and have to
be on your toes always, so there are certain rules
which one has to keep in
mind. * If index is in positive from
yesterday and the share
you are holding is in minus
then it should be cut and if
intraday trend of index is
in buy then one should buy a stock in which is in
plus.
* If index is in minus then
one should look to short
stocks which are minus
and not stocks which are
in plus.
* It is not necessary that a
stock which is weak
today during intraday
trading might be weak
tomorrow also,
simultaneously if a stock is strong today might not be
strong tomorrow
* If US Markets have gone
up overnight, the markets
here in all probability will
open strong, so one should
be quite careful when
buying stocks as the general psychology of
public is to buy when
good news is there.
* Being a contrarians is very
important while trading
intraday.
* Stop loss is a must while
trading intraday.
* Always trade in very
liquid stocks i.e. which
have very high volume
because as entry and exit
can be very fast in such
stocks. * Do paper trading before
you actually start trading
so that when you start
making paper profits, then
shift to actual trading.
* Keep your volume
constant e.g.: if you trade
in five lots of nifty future
then trade in five lots
only. This position can be
increased only when you are satisfied with your
trading for a month. It
should not be that one day
you buy five lots and next
day you trade in ten lots
and third day you get a loss and stop trading for
two days.
* Fear and Greed are at
maximum levels while
trading intraday so always
have less position when
you are new to intraday
trading as otherwise you will be mostly under
tension.
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