Now a day's very difficult to do intraday trading without any knowledge as any wrong trade can cause heavy loss. 85% to 90% Intraday Traders incur heavy loss in NSE share market due to lack of knowledge of day trading. Mostly all Intraday Traders trade blindly on rumors. Traders don’t trade according to stock market trend and also they don't have any information about happenings in the market. Here we want to advice New Intraday traders to not to trade in Nse Share Market, specially don't do day Trading. If you don't have any prior experience in intraday trading please avoid trading. Some of traders have the habit to put buying or selling orders on every 15 to 20 minutes without any knowledge. They think some one of the orders will click and they can make money. If you want to get good profit in Intraday trading “ Trade Less buy do sure trade “ If Intraday trader doesn't have knowledge of Intraday trading, we advice to do First paper trading and once you get confidence that you earn doing paper trading, you can start live trading.
How to avoid Loss in Intraday Trading?
To Avoid loss in day trading please trade with stop loss and don’t do average in loss. If you incur loss that it's likely you will lose your hard earned capital, and you will be out from the NSE share market. Don’t think to be crorepati in short time, so Intraday Traders should not put whole capital in single trade. NSE share market opens every day so try to earn small profits every day. To earn daily in Intraday trading is impossible even it is very difficult for professional intraday traders.
Generally traders book profit immediately and hold loss position till the closing market and average in loss, so end of the day traders has to square up his position in loss. So we suggest keep booking small profits at regular intervals.
Mostly Intraday traders used to by Magazines, News paper tips and TV channels for Intraday trading Its very useless, because some Technical Analyst may suggest in media for buying & same share may other media suggest for selling so traders can’t get idea, Media is good to learn basic about Nse share market but it's very dangerous for day trading for intraday traders.
Intraday Traders should follow the below mention rules.
1) Do not trade without stop loss.
2) Trade with Market trend.
3) Trade in Different sector.
4) Do not Average in Loss.
5) Put stop loss in system and not in your mind, and Follow it.
6) Do not over trade.
7) Keep limit for loss as well as profit for every day.
8) Don’t forget that NSE market opens every day.
9) Don’t trade on rumors.
10) Keep booking profit in day trading.
11) Do not trade blindly.
If you will follow all our above Intraday rules while intraday trading we think intraday traders will never lose money. You must follow intraday stock tips provided by your reliable equity advisory company. Never do over trading even if you can see more profit.