Intraday trading is more difficult than swing trading. Everyone says this in the market. If we look at the Loss percentage, then it seems like it is true. So, is there no one not able to make any money in intraday trading? But We have heard a lot of times making a lot of money by trading intraday. If you believe that money is made in intraday trading, then this blog is for you only. Here we have given 3 mistakes which are done by the Beginner Trader.
Proper asset selection
Firstly, the trader does not trade it in any asset randomly. He first finds the asset, which Price prediction is possible for him. He used the screener for the stock selection,
Where the price movement you want according to your strategy, you can get a list of stocks. Your half job is done by your stock selection. Generally, the trader selects their stocks during trading, which is very harmful to their capital. So here we will suggest you do stock selection before start trading.
Losses in trading
Loss in trading
When we work in the stock market, one thing we have to take care of. Whether you like it or not, you have to manage it. Sometimes fighting with it, sometimes with love.First, we understand how we can win by fighting with this.
You must have seen the scene in the film, how does the hero not let hit any punch to him. He moves him lightly side and leaves the punch in its direction. Without any effort, he saves himself from getting injured. In the same way, if your trade goes in your opposite direction, then book a small loss from it and let it go on its way.
You must have seen the scene in the film, how does the hero not let hit any punch to him. He moves him lightly side and leaves the punch in its direction. Without any effort, he saves himself from getting injured. In the same way, if your trade goes in your opposite direction, then book a small loss from it and let it go on its way.
Good traders always like to book small losses. But new trader wants to convert the Losses into profit, that’s why they wait a little bit long in losses. And this causes a lot of their big losses. So, I suggest new traders should learn to book small losses.
The second way is the one with love, which you will also like, and new traders like to do it very much. After the entry of the trade, when the price goes against your plan. There is more chance here that your stop loss is done, But the stop loss is always under strong support. If You think that the price of the stock can increase from here, so you can average means buy a little more before it hit stop loss. If Stop loss will hit, so there is a chance that your loss will increase slightly.g to the plane.
Make profit in intraday trading
You will first to correct those mistakes. It does not contain any strategy or magic. Just one piece of suggestion that you always have to put into practice.
You know this “practice makes a man perfect”. Yes, you have to do the same with my taught path. First of all, you should come to wait for the profit, not for the big profit.
Price in the market runs one way when its breakout. It may be op side or down side. There will be no guarantee of this price speed will reach your target. After some time, price move in the direction of your plane, and it will start moving on its way before the target.
It Will go three steps forward and then two steps back. Breakout speed was three steps, now Price will go back two steps. Where you will feel that you should book the profit, and as it happens, the people are exit from this by booking profits. But Price making support of breakout level, its again goes three steps ahead towards your target. It was very important to wait in profit in stock trading. In general, the new trader does not wait in profit Rather they waiting in losses.
Second, you have to make a consistent profit, not a Big kind of profit in one time. People has a different approach to the stock market. They think that this is a money machine. They take this and create a different kind of fantasy story.
Here, it is the right way to make a consistent profit rather than a big profit. 90 percent people lose here. Because , they want to become big at one shot. Simply search Profit in Indra Trading in Google. Everyone who has done this related search has been with a big profit intention mindset. And this mind set does not allow to learn for book little loss or to bring in Consistent Profit. This emotions like a weapon to make a great loss.