About us

Saturday 27 February 2016

Golden Trading Rules you must follow

Golden Trading Rules

1.     Trade less but smartly and wisely. Also never overtrade using margin and funding because your emotions are directly attached to money. And thus it can hamper your pocket huge and suddenly.

2.     The trend is your friend. If the stock is climbing up and up, and you keep shorting the stock, time to look again at what you're doing. 

3.     Lack of concentration. . . wake up! Don't trade if your life is in an upheaval. You need to be focused when trading, not distracted. Make sure you're getting enough sleep... RELAX..!! Trading is very easy if you can do it.....

4.    Trading too many stocks at once. Don't try to be a "Jack of All Trades. " and You'll be a master of none.

5.    Watch out for your greed! Swallow that appetite! The emotion that will kill you is greed. It's a good idea to let profits ride, but once you've made a considerable profit, it's a good idea to take the money and run.

6.  Don't average down. Buy a stock that is going up, not down! Short the stock that is going down! If you have to average down, that means you didn't cut your losses at your stop loss point.

7.    Save on brockerages. Intraday trading is riskier , brokerage commission will play an important role in intraday trading, because it adds to the buying cost of a stock / future / option . If it’s high then it would be difficult for the trader to make some good profit intraday. Iam using zerodha, Zerodha offers Zero brockerage on unlimited delivery trades and Rs 20 for one lot or 100 lots (Irrespective of size of order). U need to open trading account with wonderful house. Iam using zerodha.com, he charges Rs 20 each order irrespective of size of order. Check the brockerages anytime with automatic brockerage calculator. If trading or speculating with options, it is best to have a fixed plan before entering a trade. That way there are no emotional decisions involved. 

Zerodha new banner 1

8.     Most importantly subscribed for a web charts with automatic buy sell indicators.

Free Trial
Automatic Buy Sell Software

Regards and Happy Trading

No comments:

Post a Comment