Feed

I am a strict day trader with and Investment of 150000 and I make nearly 5000-15000 per day at the time of profits and a loss of nearly 15000-25000 max at the days of loss.These are the few lessons that market has taught me...............



Never trade on Mondays and Fridays cos records show that the Biggest falls in the history are recorded at these days.

Its better to earn three days a week rather than loosing Two weeks profit in a single day's crash............

Always go with the market..........If the market looks barish then so short but not buying or atlest stay away from it untill it gets stablised.If the market is looking bullish then go long but not short.

If 80% of the analysts r bullish and 20% anaylists are barish and if they r continously warning abt the fall in the near term atleast be cautios or have adopt hedging stratergy till the barish cloud passes away.

And the most important of all DONT PANIC

Feed

- Patience Pays...........one way or the other! Whether its a target ur looking for or a particular price where you want to get into a stock.

- Panic will only kill you in the market. Never take decisions with a panic-striken mind. You will 100% go wrong.

- Do not trade with margin. Always trade in stock which you can take delivery of. Do not over-trade.

- Have realistic targets. In intra-day, don't think of upsides of 5 - 10% everytime. Sometimes you are lucky, sometimes you are not. Whatever profit you get, take it off the table.

- Do not get greedy.

- Sell when people are buying heavily. Buy when people are selling heavily.

coolguy010

Any particular stock that u would suggest to trade with for short time Or intra day trading for investment of less than Rs.5000

jaikumar

interesting article,going by your experiences,one must always have patience and long term strategy while deciding what to do!

jaikumar

and yes any new movers and shakers in the market?i mean any new MF's or good investment plans?

jaikumar

hey Cool guy,

for intra day trading there are many platforms like IndiaBulls,icici direct and Reliance Money Super Trade.

why dont you ask them?

rohanjai

also tell me about comparisons of hdfc and Super trade!

jaikumar

In order to get the correct picture,you should get expert advice on stocks and shares from various market institutions like Securities Houses,Brokers and Stock Brokers and Investment Bankers.
Some of the good expert advice you can get from are people from CNBC and Motilal Oswal!

jrahul52

There was something really interesting that i read in ET today.
It was about this news that Most Shares M50’ is slated to be first funda-mentally weighted exchange traded fund (ETF) based on S&P CNX Nifty Index (Nifty) in the Indian stock market.
And they say that its first of its kind funds in india.
see here http://economictimes.indiatimes.com/...ow/6103466.cms