There are a lot of strategies and indicators that a trader can use to increase his profits. But here are some tips that a trader should always keep in mind while trading in the stock market:
ii) Always trade with a strategy.
iii) Always trade with a Stop Loss, Stop loss is one of the m
ost important things a trader should always keep in mind. It will help you minimize your losses.
iv) Always trade according to the direction of the market. If the market is in a downtrend then try to make profits by a short sell & if the market is in an uptrend then take a buy call and book your profits.
v) Use momentum indicators to get an idea about the trends in the market.
vi) Timing is a crucial factor while trading in the stock market. Do the research and find the best time that suits you. According to be the best time for intraday trading is after 10 am because the market is stable at that time.
vii) Never trade in the opening market because the volatility in the market remains high at that time. It can make your investments half within no time.
viii) Preset your profit slab as well as loss slab. If you gain that profit or hits stop loss, then stop trading for that day. Greed in the stock market is very dangerous.
ix) Always determine your entry & exit points very carefully.
x) Always trade in the trending stocks.
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