Trader’s Dairy

We all are concerned about making money in intraday basis. But majority of the retailers lose money trying to do so. here we can understand few of the most import issues to win the market in purely intraday basis.

1. Before entering the trade, understand the maximum capital you are comfortable to lose. If you don’t cap your loss, you can be out of the market in the same day itself.
2. Never stretch your SL. After deciding the perfect sl then only take entry. It’s quite possible to hit the SL but don’t let it allow to divert your attention for the whole day. You won’t lose much if you exit at sl. You can lose everything if you don’t exit it even after SL.
3. Maintain target pre-planned and exit at target. It’s most common to see it move even further after you exit but it’s utmost important to book a decent profit if your target is met. If you can’t control your greed, you will be out of market very soon.
4. Don’t get influenced with other’s opinion on the trade, or any TV-analyst’s call on that stock, or any other news which might impact the direction of your trade. Once you are into the trade, you need to restrict yourself from external conditions impacting your trade.

We hope you would follow that and win over market for a long long time.

Regards,

StockTradingF&OTeam