Golden Rules of making Sure Money in Indian Stock Markets
These are given by Jesse Livermore also known as Boy plunger and he was one of the best known traders in US in 1929
Think how its applicable even today
1.Once you have taken a position ,stick to it.Disregarding the big swing and trying to jump in and out is fatal for traders
2.Dont try to sell at the top or buy at bottom.Sell when your targets are met or price reaches stop loss.You wont be able to capture bottoms and highs.
3.There is no need to trade every day.
4.Stick with winners and get out of losing position quickly.
5.stocks are never too high for you to begin buying or too low to begin selling. But after the
initial transaction, don't make a second unless the first shows you a profit.
6.In a narrow market,when prices are not getting anywhere and move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be up or down. The thing to do
is to watch the market, determine the limits of the get-nowhere prices, and make up your mind that you will not take an interest until the price breaks through the limit in either direction.
These are given by Jesse Livermore also known as Boy plunger and he was one of the best known traders in US in 1929
Think how its applicable even today
1.Once you have taken a position ,stick to it.Disregarding the big swing and trying to jump in and out is fatal for traders
2.Dont try to sell at the top or buy at bottom.Sell when your targets are met or price reaches stop loss.You wont be able to capture bottoms and highs.
3.There is no need to trade every day.
4.Stick with winners and get out of losing position quickly.
5.stocks are never too high for you to begin buying or too low to begin selling. But after the
initial transaction, don't make a second unless the first shows you a profit.
6.In a narrow market,when prices are not getting anywhere and move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be up or down. The thing to do
is to watch the market, determine the limits of the get-nowhere prices, and make up your mind that you will not take an interest until the price breaks through the limit in either direction.
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