Need help to trade better and to trade RIGHT

[Santosh Mehrotra]

You won’t make anything if you keep sitting. Day trading requires you to make several trades per day and most of them should get you profits otherwise, you may blow up your account. Practice enough on a demo account so that you are prepared for all the possible results.

 

[Rajendra Vaikar]

Keep these 4 points in mind while trading to minimize your risks:

1. Risk acceptance
2. Risk transference
3. Risk avoidance
4. Risk reduction

I know it is hard to stick to the rules all the time, but the more you come closer to it, the better it is for your trades.

 

[MahindraSatrujit]

You have a great plan but it would require a lot of effort for a beginner. Start with practising on a simulator and old charts. This will make you well-versed with the market and you will be able to prepare well for live trading.

 

[Madri Phadanis]

Keep these 4 points in mind while trading to minimize your risks:

1. Risk acceptance
2. Risk transference
3. Risk avoidance
4. Risk reduction

I know it is hard to stick to the rules all the time, but the more you come closer to it, the better it is for your trades.

Points you have mentioned are really important. These are really useful for traders to survive the market in the long run.

 

[Aditi Tamhanakar]

Trading without a trading plan, which can show them how to move forward in the financial market, is perilous for traders of all levels. Especially for beginners who believe that every market movement is an opportunity to make money.

 

[HirendraRamamuthe]

Hello and welcome aboard. Learning to trade can be challenging. But just stay focused on your goal and work hard towards it. Keep your portfolio diversified and trade with stable stocks to minimise the risk. Good luck!

 

[Kusum Sarkar]

Probably, every trader has this dream but without your own effort in the market, you won’t be able to achieve it. You will have to make several trades and take losses to get the exact picture of what it means to trade in the live market.

 

[Kanwal Badakar]

You need to backtest different strategies before you settle on one. It has to have weight so you don’t misconstrue anything and all your decisions are based on trial, error and experience. It is important to scan the market properly to know which kind of commodity suits the kind of trading you’re comfortable with. Learn some more and then maybe it’ll be clearer. Happy trading!

 

[SiddhiBarvadekar]

Everything will start to fall right in place once you start to understand the market thoroughly. It requires hard work, dedication, and practice. A disciplined approach, combined with consistency in trading is the only key that makes one successful.

 

[Anil Singhh]

Day trading is really difficult in general. As you will need to open and close several trades per day, you must be able to make your trades without analysing the market much. Practice well on a small account until you are sure about your skills.