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The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
STOCKS TO WATCH TODAY FOR TRADING
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
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Earning money in share maket  requires appropriate knowledge and experience, so it is highly advisable to gain adequate knowledge before start trading and investing in share market.
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Welcome to Indian Share Market
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Top 6 best day trading rules to make consistent profits
As we have written multiple times that day trading or intraday trading is risky job and one of the major reason is you have to understand the market which is governed by various national and international factors and these are beyond anybody’s control and making profit in 6 hrs (market opens at 9:15 am and closes at 3:30 pm) in such situation requires market knowledge and experience. So the conclusion is it is difficult, especially, for new comers or beginners to stock market to make money/profits in day trading.

We generally keep writing about day trading either to make you aware or make you experienced so that you can gradually learn to make profits through trading in Indian stock market.

So in this section we will mention top 10 RULES TO make profits by trading and learning how to reduce the losses.

Please note - There are not any standard or approved rules but these are written by own experience by spending almost 12 years in Indian stock market.

We also recommend reading 10 best strategies for day trading to concrete your success in trading
RULE 1: Practice day trading on paper before starting with actual money
Day trading is very risky for new comers or beginners to stock market and it can wipe all your money. If you are thinking of doing trading based on hot tips then it is even more risky. So learn how to do trading on paper and if you get success on paper then you can gradually move to actual trading with very low amount.

Learn more about paper trading practice. Unless and until you get success in paper trading practice don’t move to actual trading with money because there are high probabilities that you may lose all your money.

If you follow this RULE 1 and rest all rules will be easy to follow and implement it will assure you best returns in trading.


RULE2: Decide whether you can do day trading or delivery based trading
Day trading means buying and selling stocks on daily basis and delivery based trading means you can buy stocks today and take delivery and sale after few days or weeks whenever you get best price for your stocks.

Delivery based trading has very less risky compared to day trading. For new comers we suggest to start with delivery based trading after completing paper trading practice. In day trading you get margin amount to trade. Margin amount is extra amount given by broker but you need to close your trade before market closes irrespective of whether you are in profit or loss.

Only experience traders use margin amount to leverage profits. In delivery based trading there is no use of margin amount, you buy stocks only with the amount you have in your trading account and take delivery of those stocks and sell later whenever the price goes up.
RULE3:Don’t start trading with big amount
Don’t start trading with big amount, especially if you are beginner in stock market. Basically trading with big amount may increase the fear and greed emotions resulting in losses in trading.   It is also called as over trading in day trading and this is of the reason why most of the traders fails and exit stock market.
RULE4:Don’t act quickly
Most of the traders fail in trading and quit stock market by acting quickly in taking trades. While doing “Trading and investing “
Analysis is important and then trader needs to take step. It is said that it is better to be late and make less profit rather being quick and ending in losses. SO wait and watch the price movements and then take a step to either to buy or short sell in stocks or in futures or options (either buying call or put).

Your decision will decide whether you can make profit or loss, so be late to take action and be quick to exit by taking small profit because market is very uncertain. We recommend reading how to Take small profits and multiple trades.
RULE5:Reduce losses by stop loss order
It is said that money saved is equivalent to money earned. So don’t take trade without stop loss order.

What is stop loss order - A stop loss order is placed to reduce losses if in case your trade goes wrong.

The volatility in stock market and prices in stocks is very common in stock market so trader need to always protect his money by placing stop loss order. Any breaking news will turn the direction of the stock market or stock, so to save self from such uncertainties trader need to place stop loss order. Read how to place stop loss order to reduce the losses and maximize the profits.
RULE6:Don’t try to trade every day.
This is again one of the many reasons why traders fail and quit stock market. Every day is not trading day because it is quit natural for markets or to stock prices to go into consolidation (moving in very narrow range) after brief rally or after brief downturn so in such situation it becomes difficult to take traders and to make profits.

So if you are unable to find any opportunity to trade then don’t trade, shut off your system and take a day break and have good time reading some good book or spend quality time by doing what you like.