Intraday Trading Rules to be Followed to Make Money in Stock Market

Get Best Trading Tips For FREE, Limited Period Offer

Most of us loose money in Intraday since it is very much volatile and we either get lost in GREED or FEAR.

I would like to quote a famous saying of Financial Expert, Robert Kiyosaki.
He says -- "Investment is Not RISKY, lack of KNOWLEDGE is".

There are some BASIC most important RULES that you will have to follow
to get SUCCESS in Intraday Trading.
- Do not trade in the First 1 Hour (between 9:15 am to 10:30 am)
- Best Time to make positions is between 12:30pm to 1:30 pm
- Whenever you initiate a trade, have clear plan. What is the target, what is stop loss.
- If you cannot keep stop loss, then stop trading
- If you cannot book profits, stop trading
- Markets are volatile, do not wait for all targets to be achieved.
- If you are able to make profits and price give reversal, book profits and exit
- If trade is not working in your favour, exit immediately. Don't wait for stop loss to trigger
- When we are wrong, we need to EXIT immediately
- When your targets are HIT, exit immediately. It might REVERSE
- Only in TRENDING market, you can expect all your targets to be HIT
- In sideway market, keep your positions LOW, better don't trade
- Do not trade in Options as positional call during sideway markets
- Index Trading should be avoided in sideway market / when market is trading in narrow range
- Before you start trading, you should have all reference points which influence the price variation.
Open, High, Low, Close, Weekly Open, Weekly High, Weekly Low, Weekly Close,
Fibonacci retracement levels, Pivot Points, Support, Resistance, 52-week low, 52-week high etc.
- Whenever you trade, ensure the Risk:Reward ratio is atleast 1:2.
i.e., If you are making positions, if the loss (or point at which trend may change) is 1 rupee
for 2 rupees profits, then only you should initiate trade.
- When you are making positions for intraday and you are loosing money, do not carry positions
for next day, your loss can increase.
- As a Beginner, you should only trade in EQUITY, not in Futures / Options

Try Our Paid Services for FREE, Limited Period Offer

- If you are not a professional trader, AVOID Intraday trading

- Do not Invest all your MONEY in one Stock

- Diversify the Risk, invest in minimum of 2 - 3 stocks

- When market is Bullish, take LONG positions in STRONG stocks

- NEVER initiate Short Strong Stocks

- When market is Bearish, take SHORT positions in WEAK stocks

- NEVER initiate Long positions in Weak Stocks

- When some stock moves up/down 2-3% in 5 mins, do not jump to take positions. Most of the weakness / strength might have been finished in that counter. 

- HAVE PATIENCE. Your target may not come in 5 mins always. It may take hours together.

- Have CONTROL on Your EMOTIONS. Though i mentioned it last, this is the MOST important

aspect which will get you SUCCESS in Stock Trading

Want To Learn How To Trade, Register For FREE Webinar

I have tried to make list of some of the MOST Important RULES. But until you gain experience, no matter

whatever the BEST expert give you advice, if you are not able to follow your own RULES, market will

not spare you. Do not take position and pray to GOD that market comes up/down. No one is spared in the market. If you need personalised service, just sent me an email to nsebsestocktradingcalls@gmail.com with your contact details.

If you have found this post interesting and helpful, please share it with all your friends on facebook, twitter and google+