Wednesday, September 11, 2013

Learnings from trading

  1. Do not hold position longer than a day. 
  2. Make a prediction. If the prediction holds then put on a position. If the prediction doesn’t hold then, then do not take any position. 
  3. Trade as small as possible. Trade often. 
  4. As the position is held for a day only, any profit even marginal is good enough to be booked. 
  5. Good time to trade is 9:30 to 11:00 am. 
  6. If the stock has moved up one day by a large amount(3.00% or more), then it would move up the next day buy a large amount too. 
  7. There is a higher chance the trend continues or slows down rather than a reversal.

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