Golden Rules of intraday Trading
Golden Rules of intraday Trading
Create a trading plan before you go trading live.
Create a trading plan before you go trading live.
Do not employ full capital in 1 trade. Use only 25% capital.
Do not employ full capital in 1 trade. Use only 25% capital.
Always use a stop loss
Always use a stop loss
Set a target and book profits accordingly
Set a target and book profits accordingly
Avoid overtrading if your SL is hitting continuously
Avoid overtrading if your SL is hitting continuously
Don’t trade against the market trend.
Don’t trade against the market trend.
Maintain a good risk-reward ratio.
Maintain a good risk-reward ratio.
Do your own analysis and don’t trade on others’ tips.
Do your own analysis and don’t trade on others’ tips.
Don’t trade on margins or take loans. Lose what you can afford.
Don’t trade on margins or take loans. Lose what you can afford.
Write a trading journal.
Write a trading journal.
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