Common mistakes that can avoid in stock market intra-day Trading?
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I am a new trader in Stock Market, I am making some money in intra-day trading but at the same time i am loosing money due to mistakes I make like I used to trade in cash segment intraday, where as i could trade in margin segment, so that i can minimize my brokerage from 0.75% to 0.05% now I learned this, I am doing intra-day trading in margin and if the stock looks good, i convert it to delivery can you people list out your mistakes? so that we can learn and make more money?
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Answer:
Some common mistakes day traders make: 1] Too many trades on at the same time. 2] Putting on trades and then walking away. 3] Not paying attention. 4] Not having a checklist of trading rules to go by to properly plan the trades. 5] Breaking your own trading rules. There are others. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!
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Other answers
I don't try intradays. I make only 4 to 5 trades a week. I look at the MACD and Slow Stochastics. http://tinyurl.com/ytymrj
jubliekrimlin
I ahev made a mistake on a stop loss. I bought a CFD and left it with the providors default stop loss. If I had read their rules first I would have noticed, and taken advantage of, an increased stop loss which would not have cost a lot extra and would have saved me money. So, my advice; read all the rules thoroughly before trading. This trade is documented in www.shareworld.co.uk
raysor
TRY www.reliancemoney.com 12/- per order what ever the quantity is.. whether its equity delivery or margin. wether its futures or options.. its just 12/- flat rate.. you can cut short your brokerage into 1/4 or even less.. if you trade by yourself.. even that 12/- is not there/// for more details log on to www.reliancemoney.com or mail me up at [email protected] See ya
Jin
Common Mistake: Invest right at 9:58 am, do not settle the securities in between and wait for prices to reach the peak at 3:20pm & end up loving 15-20% of total amount invested. For Intraday: It should be a quick Buy and Fast Get-Out.
coupleskolkata
I think you should know your limits for profit and loss. You should act very wisely to the situtation. Never expect more than you get. Also, don't trade too many scripts at a time
sam s
well ican suggest one quite simple mistake.never put your entire money in single stock..put it in 2 or 3stocks.some time share goes to everest.&some time it dips to sea floor. doing this will reduce ur risk factor & loss factor.
VIPIN S
greed and panic
patriot
Within the first 2 years I lost about $7,500. I did not use a stop at 5% like I do now. But since then I have done very well. I have improved my risk/reward ratio by timing my entry/exit points. Not trading against current trend. I also do more positional trading than intra-day, where I could be in a trade for 3-4 days, weeks, or months. And here is how. I use Lightning Strikes Trading System for trading in any time frame and it also works on forex, stocks, bonds, etf's, mutual funds, etc... Here are some past charts that I used. http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ... http://f1.grp.yahoofs.com/v1/MB16RxjOUQt... There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt... http://f1.grp.yahoofs.com/v1/MB16R9wSKdV... http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6... http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe... If you can not view charts above I can email them. Learn the basics of fundamentals and technical so you will be more informed in your investments. You can find all the basic info you need on websites for free. This site should give you a good start. http://finance.yahoo.com/education Try what you learn on demo sites. If you pick 75% right with play money then you might be ready to start slowly investing. http://simulator.investopedia.com/ http://simulator.zacks.com/ http://www.fxcm.com/open-free-100k.jsp http://www.alpari-idc.com/en/metatrader4... Or just google for more. Here are my favorite sites. They may also help you. http://stockcharts.com/ Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info. https://www.fidelity.com/ Has good learning resources. http://moneycentral.msn.com/home.asp In addition to yahoo finance. http://www.reuters.com/ For news and more. http://www.marketwatch.com/default.aspx For news and more. http://www.valueprime.com/index.php For rating stock risk/reward ratio and reports. http://www.barchart.com/ For investing in more than stocks. http://www.investopedia.com/ For more great learning tools. http://www.lightninglive.com/ For best software timing your entry/exits any time frame for day traders and long term investors. Others worth exploring. http://www.equis.com/ http://www.stockta.com/ http://www.secform4.com/ Best Wishes, Burt Whitley
Burt Whitley
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