WHY price ALWAYS goes down AFTER you bought the stock?

[rvlv]

Re: Daytrading precautions

HI GENTS,
I feel following guidelines can help daytraders.

1.Limit number of orders you place . maximum 2 per hour.More orders more losses? eNTER ONLY AFTER 1015AM
2.Use stoploss
3.If market is too volatile cool and wait.avoid big trades.
4.If market is not ready to give you a big profit,you try and take what it is ready to give. because you cant force the market to give you more.
5.Dont give back profit you have in hand. be fast and get it by fast order feeding
6.Sometimes you really need to wait for mkt to turn itself.
7. USE TRAILING STOP TO MAXIMISE PROFITS WHEN THEY COME
8.Learn to watch your internet connection and your broker server failures
rvlv

 

[marcus]

Hi Raju,

If you are new to trading it may be advisable to keep away from day trading until you gain some experience.

Also all online brokers have the facility of call and trade, so in the event of a power failure you can call and verbally give your trade instructions.