Day Trading-Rules & Learning

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


  • Total voters
    195
I want to make a vote as in " I am earning money in day trading". I thing I will get help here. Please help me here to have a strategy. Thank you.
 
Hmmm..Poll says around 38% traders make profit in Day Trading..
Is that myth 95% Day Traders lose money in Day Trading..? :D:D
 

vijkris

Learner and Follower
Hmmm..Poll says around 38% traders make profit in Day Trading..
Is that myth 95% Day Traders lose money in Day Trading..? :D:D
That means this forum consists of good no. of profitable traders, :clap::rofl:

due to constant guidance and helping nature of all the members,
If one trader found something useful and/or he gained money due to some setup, he takes out his time and informs everyone here abt the possible profitable setup.
So now other traders also learn the technique and they also become profitable. :D
 
That means this forum consists of good no. of profitable traders, :clap::rofl:

due to constant guidance and helping nature of all the members,
If one trader found something useful and/or he gained money due to some setup, he takes out his time and informs everyone here abt the possible profitable setup.
So now other traders also learn the technique and they also become profitable. :D

:lol::lol::rofl::rofl:
 
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.

:cheers:
Golden rules from your experience hats off must all want follow TQ
FEAR is worst case scenario in day trade control emotion main key and follow the market don't think market is ur pet

sphameed
 

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