· Never use all your money-Don’t use all of your money in trading for example you have 10 lacs Rs/- for trading so at first you should use a maximum of 2 to 3 lacs Rs/- & rest you should use for investment, share or mutual fund.
· Always have a stop loss- before entering the trade always decide on the stop loss. If your stop loss got hit then close your position immediately. Never convert investment by carrying the trading positions.
· Trade less-You are a fresher in the stock market & you don’t have experience then don’t take risks. First, you can take 2 to 3 trades. You can take 1st trade after 10 am and 2nd trade after 12 pm. If you get profit from 1st 2 trades then opt for 3rd trade if you get loose for 1st 2 trades then don’t go for 3rd trade today. Try the next day.
Happy trading and best of luck with your investment!
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