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If index is in minus
then one should look to short shares which are minus and not shares
which are in plus.
It isn't necessary
that share which is weak today during intraday trading might be
weak tomorrow also, simultaneously if share is strong today might
not be strong tomorrow
If US Markets have
gone up overnight, markets here in all probability will open
strong, so one should be quite careful when buying shares as
general psychology of public is to buy when good news is there.
Being contrarians is
very Imp. while trading intraday.
Stop loss is must
while trading intraday.
Always trade in very
liquid shares i.e. which have very high volume because as entry and
exit can be very fast in such shares.
Do paper trading
before u actually start trading so that when u start making
paper profits, then shift to actual trading.
Keep your volume
constant e.g.: if u trade in five lots of nifty future then
trade in five lots only. This position can be increased only when
u are satisfied with your trading for month. It shouldn't be
that one day u buy five lots and next day u trade in ten lots
& third day u get loss and stop trading for two days.
Fear and Greed are at
maximum levels while trading intraday so always have less position
when u are new to intraday trading as otherwise u will be mostly
under tension.
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