Day Trading-Rules & Learning
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- Start date
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.
R11-Never add to loosing trade for averaging, position can be added to winning 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.
L11-Analyze your winning & loosing trade timings, duration & pattern to identify what best will work for you.
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.
R11-Never add to loosing trade for averaging, position can be added to winning 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.
L11-Analyze your winning & loosing trade timings, duration & pattern to identify what best will work for you.
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.
R11-Never add to loosing trade for averaging, position can be added to winning 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.
L11-Analyze your winning & loosing trade timings, duration & pattern to identify what best will work for you.
L12-Market liquidity changes at different levels, at times of low liquidity instead of trading big volume in same script it's better to diversify trades in different scripts/segments.
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.
R11-Never add to loosing trade for averaging, position can be added to winning 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.
L11-Analyze your winning & loosing trade timings, duration & pattern to identify what best will work for you.
L12-Market liquidity changes at different levels, at times of low liquidity instead of trading big volume in same script it's better to diversify trades in different scripts/segments.
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