By trader it is presumed the positions are taken for the day only.:
What is written are good but general. Just follow these golden rules:
1. The most important thing is discipline. 2. Whether you take short or long positions, have triggers for stop loss without fail. 3. It wll be a good idea to have profit triggers also. 3. Do'nt compete with the market. 4. Best is to take position after markets have moved. If markets have been up for 3-4 days..chances are good it will dip a bit. same if the markets have been down for many days. This must be watched. 5. Trade only in liquid scrips. Study their movements well. 6. Do'nt curse your luck if stop loss triggers. Live for another day. Markets are'nt going to vanish. They will be there again the next day. Do'nt fight the market or your emotions. 7. When in doubt, do'nt enter or if in position get out. There is always another moment, another day. 8. After taking a position, take a break, read the paper, watch the news. Do'nt keep looking at the terminal with anxitey. It will give you even if you do'nt want it. 9. With time you will learn new tricks yourself. 10.Of course you will become a good psychologist of the market. But do'nt ever think you got it all. Market always has a bigger surprise. # Free Share Tutors, guideline, strategies, analysis , risk management - "share market plus . com "
