I am wanting to start day trading and I wanted to know if anyone has any tips on how and what to trade. I have a very general knowlegde of stocks and would like so help on what I should trade and when I should buy and sell. I would be greatly appreiciated if anyone can help!
1.There a lot to learn so, don't think that you would be starting to earn over night.
2.Choose a trading platform and get well acquainted with it.Know what's happening, ask price, bid price ,which price to refer before buying or selling.And make sure there are no silly mistakes in execution.
3.Don't blow all your money into it nor start doing paper trading(it's worthless).
Just start with Rs.500/- and don't refill until it gets near Rs.100/-
4.Read a good trading book which ever is more relevant to your trading strategy.
And it should be a Indian author and should be in Indian context.
And within 2 to 3 years you will be starting to make profits, unless you are a fervent learner in which case you would be reading a lots of books would get you to earning profits within 6 to 12 months.
Peace