Dear
Readers,
Today, I am
going to share with you some Intraday trading points/tips which you can follow
or keep in mind during the intraday trading day.
Whatever I
have observed and whatever I have read, I am sharing with you and there is a
possibility that some of you might be aware about this points but may not
following this points.
Intraday Trading points /tips:
1. Predefine your stock for the next day intraday trading
and write down the stock entry, stop loss and target/exit level in a paper.
2. As we all know that “Trend is your friend” so you must
have to check your intraday trading stock chart and note down the range,
support and resistant level before one day.
3. Check intraday trading stock daily, weekly and monthly
chart before one day, if trend is showing bull/positive pattern then follow the
trend (Buy) and if trend is showing bearish/negative pattern then follow the
trend (Sell).
4. Before one day, predefine how much loss you want to
take in your intraday trading stock like 2%, 5%, 10% etc.…. and shall keep that
loss figure as a stop loss.
5. Predefine time horizon means whether you want to keep
stock for intraday, 2days, 5 days (Swing trading) or up to expiry date.
6. Avoid to do future & option in big size lot and
try to do in small size lot.
7. Stick on your intraday trading stock decided level
during the trading day.
8. If intraday stock has touched your defined target
level, take profit and if intraday stock has touched your defined stop loss
level, take loss.
9. You must keep in mind that to save/escape from intraday
loss, do not convert intraday trading position in to the delivery position.
10. Do not take too
much position in the market.
11. Do intraday
trading maximum in two stock during the day (This is my style, shall be vary
person to person) and once your trading stock stop loss or target has
triggered, don’t do another trading whole day and adopt wait &watch
strategy.
12. Don’t do
trading out of your limit.
13. Don’t take or
try to avoid margin funding support.
14. Never should
convert profitable position to loss position.
15. If you feel,
there is an uncertainty or selling pressure in the market, immediately sell
your trading stock and be away from the market.
16. Be intact until
your trading stock trend is positive (Uptrend / Downtrend) to get maximum
profit.
17. Always accept
the mistake and try to improve it for future prospect.
18. Don’t be egoistic, be result oriented in the stock market.
19. Try to avoid
intraday trading in such a stock which trend/pattern is showing side way zone.
20. Always try to
do intraday trading in a stock which trend is showing increasing / decreasing pattern.
Regards,
Kamlesh