Day Trading-Rules & Learning

Please vote as per your actual experience in “Stock Market”


  • Total voters
    197

whisky

Well-Known Member
#21
My Learning & Rules (I will keep adding/modifying it to have one final list)

R1- Book profit as price comes close to your target, don't wait for exact rate.
R2- Taking quick action is the key of success in day trading.
R3- Stop trading for the day, if already got good profit for the day, don't be over confident
R4- Don't trade in a particular scrip/index if you are not confident about the move. It's better not to trade rather than trading wrong.
R5- Don't trade if risk reward ratio is not favorable.
R6- Ready with your trading action plan in advance. Market timings are for action not for planning, one miss can be a big opportunity loss/trading loss.
R7- Move with the market & don’t expect the market to move with you.
R8- Fear & Greed, both are psychological weakness, play with it and don’t get played by it.

L1- Keep a stop loss or a close watch, if your trade move confirmed in negative direction, take exit immediately.
L2- Focus on trade, opportunity can come at any time, don't miss trading opportunity, even a small opportunity can pay you big.
L3- Don't regret if you miss the opportunity, wait for the right one to enter.
L4- Trade patiently, quality of trade matters not the frequency/numbers.
L5- Stop trading for the day,if your most of trades are resulting negative for you. Remember, everyday is not your day.
L6- Trade with your independent due diligence,learning & thoughts, don't get influenced.Trading on someone else tips is like crossing the road as a blind man.
L7- Believe in results, it is only the result that matters.
L8- Don’t target the Market as you are always on the target of Market, play defensive & play safe.
L9- The longer the duration your trade remains in negative direction, the higher is the risk in that trade. Good “Day Trades” turn into profits mostly in short duration.
L10-Market moves opposite to most of the signs which actually making clearly visible to all.
 

whisky

Well-Known Member
#22
My Learning & Rules (I will keep adding/modifying it to have one final list)

R1- Trust your Strategies, Rules & Learning based on the actual results. Consistently follow them, any miss can be a big loss.
R2- Book profit as price comes close to your target, don't wait for exact rate.
R3- Taking quick action is the key of success in day trading.
R4- Stop trading for the day, if already got good profit for the day, don't be over confident
R5- Don't trade in a particular scrip/index if you are not confident about the move. It's better not to trade rather than trading wrong.
R6- Don't trade if risk reward ratio is not favorable.
R7- Ready with your trading action plan in advance. Market timings are for action not for planning, one miss can be a big opportunity loss/trading loss.
R8- Move with the market & don’t expect the market to move with you.
R9- Fear & Greed, both are psychological weakness, play with it and don’t get played by it.
R10-Read the market carefully then enter the trade. Trading in hurry can lead to wrong trade.

L1- Keep a stop loss or a close watch, if your trade move confirmed in negative direction, take exit immediately.
L2- Focus on trade, opportunity can come at any time, don't miss trading opportunity, even a small opportunity can pay you big.
L3- Don't regret if you miss the opportunity, wait for the right one to enter.
L4- Trade patiently, quality of trade matters not the frequency/numbers.
L5- Stop trading for the day,if your most of trades are resulting negative for you. Remember, everyday is not your day.
L6- Trade with your independent due diligence, learning & thoughts, don't get influenced.Trading on someone else tips is like crossing the road as a blind man.
L7- Believe in results, it is only the result that matters.
L8- Don’t target the Market as you are always on the target of Market, play defensive & play safe.
L9- The longer the duration your trade remains in negative direction, the higher is the risk in that trade. Good “Day Trades” turn into profits mostly in short duration.
L10-Market moves opposite to most of the signs which actually making clearly visible to all.
 

whisky

Well-Known Member
#24

whisky

Well-Known Member
#26
baki sharma rahe hain :annoyed:
Jo sharmaega wo loss me rahega, because if everyone is already in profit then my time n effort would be wasted then.
 

whisky

Well-Known Member
#27
Follow the rules,Trade safely.
 

VJAY

Well-Known Member
#29
I believe no one can earn in “Day Trading” :
this option getting gud votes :D
ravi bhai....you voted in "I believe no one can earn in “Day Trading”" and still doing it again & again :rofl::rofl::rofl::D