Good going :thumb:
Aditya already said most important things. However some additional points:
Try to keep good risk:reward ratio. For example-- 1:3 ratio means if you buy stock at 100 and target to sell is 103 then stop loss(SL) should be 99 (if target is 106 then SL 98).
Try to keep trailing stop loss. For example-- if bought at 100 and price gone up to 103 then move SL upwards around 101 so that minimum 1 profit can be locked in. Keep trailing SL in the direction of trade to lock in more and more profit.
Try to limit loss on capital used. For example-- 2% risk on capital is good in any one trade.
Above given examples are only for information purposes, you can adjust as per your trading style for your best result.
Aditya already said most important things. However some additional points:
Try to keep good risk:reward ratio. For example-- 1:3 ratio means if you buy stock at 100 and target to sell is 103 then stop loss(SL) should be 99 (if target is 106 then SL 98).
Try to keep trailing stop loss. For example-- if bought at 100 and price gone up to 103 then move SL upwards around 101 so that minimum 1 profit can be locked in. Keep trailing SL in the direction of trade to lock in more and more profit.
Try to limit loss on capital used. For example-- 2% risk on capital is good in any one trade.
Above given examples are only for information purposes, you can adjust as per your trading style for your best result.