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Basic intraday know how

Saturday, February 14, 2009 | Labels: , | |


When you come with doing intraday, then you must know some basic know how of intraday. This basic is develope by many intraday winner over time. Ilike to present you this basic for your convienece here.

Not only read this basic know how but also kept in mind doing practically over time. READ carefully. 

  • Always use stop loss .( Here you should know your loss you can give in a situation where the trade starts going against you.) 

  • Never do trading in panic cause by overtrading

  • Never let a profit run into a loss, Alway book profit what ever amount it be. 

  • Don't enter a trade if you are unsure of the trend. Be patent to trend clear. 

  • When in doubt in any stock or securities, get out, and don't get in when in doubt. 

  • Only trade active stock and active markets. 

  • Never limit your orders. Trade at the markets movement. Don't go against it. 

  • Extra money from successful trades should be placed in a separate account. try to make them in solid form. so you cannot spend easily.

  • Never trade to scalp a profit.
  • Never average a loss. You may builed average in profitable condition with minimum volume. 
  • Never get out of the market because you have lost patience, or get in because you are anxiously waiting. 

  • Avoid taking small profits and large losses. 

  • Never cancel a stop loss after you have placed it. 

  • Avoid getting in and out of the market too soon. 

  • Be willing to make money from both sides of the market. 

  • Never buy or sell just because the price is low or high.
  • Never hedge a losing position. 

  • Never change your position without a good reason. 

  • Avoid trading after long periods of success or failure.
  • Don't try to guess tops or bottoms. 

  • Don't follow a blind man's advice. Hear you mind's voice.
  • Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake. 

  • When you lose don't blame it on luck. Try to find cause and over ride in next trading session.
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