20-Basic Trading fundas for a Trader to know.
Two stock exchanges majorly represent the Indian share market, viz. National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The Indian sensex embodies the BSE whereas nifty stands for NSE.

2. Don't let losers run! Always put stop-loss. Risk management is very, very important you may not be wrong often, The Market Is Always Right. The best traders are the first Trade only price pattern set-ups.
4. Trade NOT money but for SKILL. If you're focused on the money aspect of trading...you're
5. Concentrate only on what you are trading. Each market has personalities, habits and friends...get to know them all.
6. Fatal FOCUS on your executions. Remember, every execution is a trade.
Money is valuable...don't leave it on the table.
7. Idol a Successful and Experienced Trader. You will be all you can be...but you need to start somewhere.
8. Be a Learner. Learn something new every day (or at least every week).
9. Remember that even the best of the bestest traders lose money.
Learn to accept your losses and move on to the next trade. That's just part of the business - you will NEVER win 100% of the time.
10. Use just 1 contract at the start.
Large wins at the beginning generally means large exposure.
11. When in Doubt, Stay Out!!
Deal with reality, if the market doesn't behave like you expected, Get out Immediately!
12. Learn the difference between gambling and trading:
(1) Don't trade just because it's irrationally high or low,
(2) No positions before major market announcements,
(3) Always use a protective stops, and
(4) Always have a high probability trade set-up before putting on a trade.
13. Never, ever add to losing trades.
14. Don't overtrade.
Trade more only as you get more experience and only if you're Winning.
15. Be Logical, NOT Emotional.
Emotions can help destroy you as a trader - be very logical and follow your trading rules.
16. Exercise Patience in your trading Pattern.
Do not force trades when there are
17. Exercise Diligence.
Do your homework and preparation before each and every trade. Smart work is required in this business.
18. Identify, Anticipate and take full advantage of momentum in the market.
19. Always select realistic entry and exit points and a habit of Jotting them down. This goes hand in hand with doing your homework and preparation before each and every trade.
20. Maintain a list of your current open trades, monitor them closely, and try to Limit
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