Need some effective stock trading tips to trade

Need some effective stock trading tips to trade?

Read my below answer properly and follow it in practical manner because it’s my 10 years time invested in that. If you invest good amount for trading and follow all rules of trading properly, you can make very good profit.

Whenever you start with capital around 1 lac or above, you should refer these points before you start. 

Best Advisory Company in Indore India  Trading is a wise idea if you have skill and knowledge about the same. Once you will read all these topics, you will get some knowledge to start trading.

1. Your own capital: Never take a loan or borrow money from a friend to trade in stock market. Many times I have seen that people borrowed money or took loan from someone on high interest rates and than lost capital and they caught in trouble.
2. Sufficient Capital: I have seen many people who make loss just because they don’t have sufficient capital to survive in market like many people trade 5 lots for Intraday in 1 lac capital. I don’t recommend this because sometimes you may get profit but it’s purely a gambling to trade like this. Always put sufficient capital to trade as per NSE margin guidelines and also maintain MTM so that you don’t have to book losses.
3. Following a Stoploss: New comers don’t follow stoploss and they just keep on holding a loosing stock and it ruin your whole capital. Don’t do that. Always cut the loosing position before it wipes out everything.

1. Hold Profit with a trailing Stoploss: Many times I have seen that people book 2 rs profit and hold in 20 rs loss. You should always hold profitable stocks with trailing stoploss to maximize your gains and minimize your losses whenever you are in loss. In this way you can gain good profit from market.
2. Be cautious on other’s advice: Many people buy or sell anything because a friend, an adviser or anyone suggested. It may give sometimes profit but it’s riskier too because you can’t earn consistently by just following TV advisers or any friend. So always do your own research before trading or investing. Because Learning by yourself is a key to earning.
3. Be cautious when everyone is buying or selling: we have seen many times that if everyone is saying that this stock will reach 200–250 level, it doesn’t happen and that stock gives opposite movement. You should follow warren Buffet’s golden lines that Be fearful when others are greedy and be greedy when others are fearful.
4. Over Trading: Many people trades too much in a day and they hold too many stocks at a time which is a indication of a disaster. Some are too curious to trade that they put trade at 9:15 AM only and that trade gives losses too many times. One should always wait for perfect opportunity to earn in market because less trading saves profit while frequent trading takes away saved profits.
5. Following an advisory company: This is the most common problem nowadays and I was a victim too before I joined www.speculatefund.comThere are thousands of unregistered and registered advisory companies and tips providers in India. Follow only reputed advisers or follow anyone after doing proper research about them because it’s your hard earned money after all. You will get so many Facebook tips providers and whatsapp tips providers but don’t believe them until you know everything about them. Because it’s very easy to make fool people through Social media by posting wrong information.
6. Learn Basic technical: Always try to learn basics of stock movement so that atleast you can get idea about stock’s support and resistances. Always Buy on support and sell on resistances with stoploss.
7. Don’t Average: Many people buy a stock for an example at 190 and than average at 188 and may be again at 185 and than they have to cut all positions at 180 because of insufficient margin. Don’t average in market because adding loosing positions is always riskier. Better just give up and find other opportunity.