Dear friends,
SEE AS PREDICTED,TWO CLOSES ABOVE 4760 (WRITTEN MANY TIMES) NIFTY KISSES 5000 MARK IN JUST 10 DAYS..
MY DAY TRADING FRIENDS ENJOYED THE BLAST IN THIS SEPTEMBER AROUND 250 POINTS..
‘BALE..BALE ..BALE ...HORIBBA ..’ DEEWALI ?
BUT FOR LONG TERM INVESTORS STILL A WARNING OUT THERE..
PLS.PLS.PLS. WAIT FOR A CORRECTION
AND BEGIN YOUR INVESTMENT
SOME TIPS FOR DAY TRADERS
1. Greediness is directly proportional to fear in stock market
& don’t get any experience in it with your real money even though
Market is based on this psychology..
2. Always be confident in YOUR decisions
3. Do not interact with your friends while in trading hours & discuss about WORLD INDICES, SPECIAL NEWS, FUNDAMENTALS & Blue Channel ‘BLABLA’S..
4. Day traders just have an eye on Break-outs and never go with any fundamentals then.
5. Grab your Profits then & then particularly if you are a small investor.
6. Do not worry about the profit u have missed and the losses you have made. With your money management skills you can always make up it and come out in day trading with some unexpected profits suddenly..
7. Do not GAMBLE HERE @ any cost.. This is not a number Game but it has a lot to do with your emotions still
8. Day trading is a business where our emotions completely overtake or wipe out our knowledge.. So learn to be mechanical in trading hours.
9. Read as much as you can daily about stock market, Analysts views and the great winners (Warren Buffett ,George Soros) here in this business, also about ‘trading technique’ inventors like Gann ,Eliot etc. etc
10. Develop your money management skills too..because we are not actually what we think we are in this business particularly.
YOU BECOME BETTER THAN THE BEST in Stock Market then..
See you soon
Good Day
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