Stock Market - Learn, Trade & Earn

How to make consistent money in the stock market?

This is the question and dream of every trader, I will try and tell you some key-points that would be helpful to achieve the above mentioned statement.

At first you need to analyze yourself whether you are trader/jobber or an investor in this market.

Once you have found out who you are then act accordingly and follow the key-points mentioned.

Today, we would discuss about traders or jobbers who do Intraday or Swing trading.

1. Always remember that it is one of the most difficult business and not an easy-peasy money unlike it is rumored.

2. Before and after market hours research and analysis is very important.

3. If you want to be a full time trader you need to know and understand the technical charts and patterns.

4. Remember Stop Loss is not just a word, it is meant to be applied and you should always treat it as your only friend in the stock market.

5. Always remember to book profits, you need to be disciplined and overcome your greed factor in a winning trade.

6. Fear & Greed, these 2 words are very important in this market you need to analyze your risk taking capacity and then take a trade (1:2 or 1:3) ratio is good for traders.

7. Never fall in love with a single script, there are a thousand opportunities waiting for you in the market. There are better options (Human Beings & Nature, etc) created by The God to fall in love.

8. Never average your losing position, rather book it.

9. Always trade with Stop Loss, remember its your only friend in this market.

10. Last but not the least MOST IMPORTANT: Do not fall prey to TIP providers, there are o shortcuts to success. Always so your own analysis the chart or the fundamentals tell you everything you need.

to be continued ........

- Amit K Arora
Indian Stock Market - Learn, Trade & Earn
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