| starting you stock market trading you should be well | | | | trading. Whatever you buy today you have to sell it |
| aware of all the current news of financial market and | | | | today OR whatever you sell today you have to buy |
| if possible note down the breaking news or effective | | | | it today and very importantly during market hours |
| news and its related company and keep watch on | | | | that is 9.55 am to 3.30 pm (Indian time). |
| that share and trade accordingly on that day. | | | | Why it is required to practice day trading before |
| Never invest all your money in same sector this | | | | starting actual day trading? |
| method is called as diversification of shares. This will | | | | It's important to do practice or paper trading before |
| protect your money from downtrends of any | | | | you starts actual trading. Following are the few |
| particular sector as you can make money from other | | | | reasons, |
| sector. There are various sectors like IT, Pharmacy, | | | | 1) Very importantly you will come to know how to |
| Banking, Steel, Petrol and Oil, construction and | | | | place buy/sell orders, and will become familiar and |
| infrastructure, auto etc. | | | | perfect about using your trading system. |
| Avoid common day trading mistakes Lack of a | | | | 2) You will gain confidence in yourself. |
| Trading Plan, Failure to Control Emotions, Failure to | | | | 3) The fear of trading will vanish. It is very important |
| Accept and Limit Losses, Lack of Commitment, | | | | to keep fear away while doing day trading. |
| Over-Trading | | | | 4) You will become active to enter and exit the |
| Day trading-Buying and selling of shares on daily basis | | | | trade. It's vital important that you must be pretty |
| is called day trading this is also called as Intra day | | | | fast to enter and exit the trade (i.e. open positions). |