How to do "Day trading/ Intraday trading" ?
"Day trading or Intraday trading" as we know it, is a massively searched topic but not many people understand it and the worse part is that many self proclaimed experts out there lure beginners into it and over 97 % people blow-up their trading account in first 6 months.
"Intraday trading" is not for the faint-hearted and it requires in-depth "Knowledge & Learning about the Market and Risk management besides Time, Patience, Persistence, Discipline, Practice, Control on emotions & Nerves of steel" to get it "Right" otherwise sooner or later you will have problem related to "Blood pressure".
Disclaimer : Not a recommendation to "Buy or Sell".
As a team, having a combined experience of over 20 years at the "Trading floor", we chose "IOC" for "Intraday trading" purpose based on the analysis shown above.
Our only agenda should be to learn something "Good & Practical" from where-ever we can because these are things which will help you cross that line where you are stuck and frustrated of constantly "Losing money" in the market trying to figure "What to do" about the current situation.
Keep in mind :
- "Risk management & Position sizing" are as important as any "Analysis".
- Never risk more than 2 % of your capital in any single trade.
- Keep your emotions in check.
- If the market tells you that you are sitting in the wrong boat then never argue with it.
- Keeping a "Stop-loss" is a must.
- Learn about "Technical analysis" but not from fake educators who tell you market is "Oversold" or "Overbought" because nobody can know from where the market will "Reverse".
- Never borrow and trade.
- Never think you are an expert because Market will always punish you for that.
Where there is a will, there is a way.
If you have struggled thus far and not given up then it means you are inching forward towards that final step of becoming a "Consistent & Profitable trader".
To connect with us for "Free", you can checkout the links below :
Telegram : Logical Investor
Whatsapp : +91 8527767668
Quora : Trade & Invest
Regards !!
