– Know your restrictions in trading i.e. You should know the highest loss you are ready to offer. An investor or a trader who doesn’t care for the end loss will ultimately lose the entire his money and then a phase will come where he will simply blame his fortune. So a clear cut stop loss is a must prior to buying or shorting.
-Don’t enter the Stock Market, because you wish for to play something. Remember, it’s not a toy. Wait for the clear chance to enter.
-Learners must not do Intraday Trading.
-Trading is like a combat, For all time have a set of rules and regulation, which you are going to adhere before venturing into buying and selling. Do not laud of your winning trades.
-Do not try to make all profits in preliminary. Have realistic expectation and make it clear that Rome is not made in a day.
-Keep in mind that even the top of traders is immobile learning, so one cannot at all be a master of trading. It’s an ever learning procedure. After fifteen years of education a person is in progress a graduate and you expected to be a pedagogue of trading in just a year. Not possible.
-Risk Management is one more important thing in buying and selling. Test the waters previous for swimming in deep. Don’t worry if good chance has gone by today, it will once more come up tomorrow, but if you imagine today is the end of the world, it might in reality be.
– Cut your loss previous to booking your earnings. If in single stock you are having impairment and in the other profit, then incise the one which is giving you detriment before booking your earnings. —Never borrow cash for trading. Trade with cash, which you can extra to lose.