In stock market , the few things you must do while doing trading specially in intraday ,where everyone doing mistake.
- Don't be greedy
- LEARN and then EARN
- Don’t panic about sudden up and down
- Keep some amount for averaging the cost
- The main thing is that NONE can predict market movements 100%.
- Don’t be too emotional.
- Don’t show your anger on Market. You will end up huge loss
Before strarting investing in stock market , just ask yourself ,
- How much profit you want?
- How much risk or money you can bear ?
So, first you have to make your own strategy ,reasearch about that company ,check fundamental and technical analysis of that company and find out the reasons why you want to invest in any stock and then invest.
What was your experience like in the stock market?
It is always really really tough to go think back to the past once you gain both wealth and knowledge. Stock markets can make your money work for you. All you need to do is to push in your earned cash at the right place, right time and right price.
Diversify Stocks and hold most of them for long until everyone starts feeling that the stock is a real multi-baggers.
First you have to get certified or learn basics of stock market from anywhere, there is lot of sources are available now, then daily update your knowledge and research at least 2 or 4 daily, it build your confidence.Once you fall deep in the ocean of the stock market,
- You will understand how the stocks behave on daily basis.
- You will understand support, resistance, break-outs, break-down, Short covering and profit booking.
- The more you go through the Results and Balance sheets, You will come over the fear of losing money in the market.
- You will easily frame the rules that you are comfortable with and minimize the capital loss.
During the volatile phase, i understood the need to make profits on both sides of the market. I understood the movement of Large cap stocks were in tune with Nifty, Midcap and Small cap were moving along with its sector index or its peer . I had made my own strategy for intraday trading with large cap and with Mid-cap. Now as the bulls are back, i am back short term investing in Mid-cap and Small-cap in every opportunity presented.
