Hi, I'm beginner to intraday, I trade looking by trends.... But some how everytime I buy a share it starts to go in reverse direction.... Always.... So I panic and sell it.... Then it starts going high.....
Then I thought of joining advisory services, but they are very costly and can't find any reliable company..... Pls tell me how you exit in profits
Dear coolprateek,
The first thing every new comer should do is. split the capital. I mean if you have 1 lac to 'Gamble' (since i assume you dont have any strategy/plan in place), gamble with 25000 only. And watch your behaviour pattern. Like is your entry perfect, or your getting exited early. And the most important courage/patience to sit tight.
Define a strategy and then only trade. Hope is the bullshit thing and never be into trade where you feel your trade going to be messed up soon. Getting into discipline is the hardest thing to do. If you are newcomer dont trade intraday charts. Study first then go into den.
Most of people who advised here are from two backgrounds. I mean first is the category where they hold day jobs and trading is their second income. Second category is fulltime trader. Mind you second category is a rare one, and their opinion is most matter. Bcoz controlling nerves when your bread is dependent on market is the most difficult thing. First category will advised you in a casual approach, since they dont have to be into that phase where their livelihood is dependent on market. So read between the lines always.
I dont want to hurt sentiments and intelligence of people who have trading as their second income, my intention is only to highlight. not to fall into advice who is still not matured enough to advice.
Its your money, and everything else is secondary. Its a ruthless market.
Study/plan/act...
Market will be there to trade forever...
Hello all I am also new here.. and need a help to find out a good trading company