Points to remember while daytrading
Daytrading is a tough business
Following tips will help you in daytrading
Always Play for long swings ,do not target small swings
Place your stop losses on cruical points ,not on basis of your buying selling level
Do not jump into trade in the morning.first analyse the marklet.Let it make resistance and support,you can react after that
Do not over trade.max 2-3 trades per day. aim for one trade per day
Do not buy/sell near support ressitance.let the market cross them or bounce from them
use a combination of trend following and oscillators to time yoour entry and rxit
Hold till closing
Trade cautiously on days when some important news is expected,these news give huge up and down swings
Do not short a running market or do not buy a falling market intraday.Wait for market to make u turn.
Daytrading is a tough business
Following tips will help you in daytrading
Always Play for long swings ,do not target small swings
Place your stop losses on cruical points ,not on basis of your buying selling level
Do not jump into trade in the morning.first analyse the marklet.Let it make resistance and support,you can react after that
Do not over trade.max 2-3 trades per day. aim for one trade per day
Do not buy/sell near support ressitance.let the market cross them or bounce from them
use a combination of trend following and oscillators to time yoour entry and rxit
Hold till closing
Trade cautiously on days when some important news is expected,these news give huge up and down swings
Do not short a running market or do not buy a falling market intraday.Wait for market to make u turn.
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