strategy or tips

biglivetrade said:
Hi, I am a new trader I usually trade in intraday please let me know if there are any strategy or tips I can follow.
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A few tips would be :

Set a stop loss
Book profit when the target is reached
Choose the right stocks. (liquid stocks0
Determine your exit and entry points
Formulate a plan each day
Time your trades
Know when to stop
Not more than two or three trades a day
 
Start trading real money when you know whether and where you have an edge. Don't follow tips or jump from market to market and idea to idea. Do your homework first. There is no such thing as a free lunch. This is not a game. Trading is a business.
 
bd10 said:
Start trading real money when you know whether and where you have an edge. Don't follow tips or jump from market to market and idea to idea. Do your homework first. There is no such thing as a free lunch. This is not a game. Trading is a business.
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Agreed! We need to do a research ourselves. Following the crowd blindly should be avoided since a thing that works for someone might not work for you. So accept ideas, tricks,tips but in the end do what you think is the best for you as per your logics.
 
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Sigh ... Don't know what to say.
You don't want to have a blind leading another blind.
 
Last edited:
Yes, keep track of it gives me an idea of what to do in the next trade.

Certain goals are achievable certain goals i keep it as a challenge to improve my trading skills.
 
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