Rules to be followed in Intraday Trading.
Consider Stock Market as a Money Losing Machine but not as a Money Making Machine. It means you should be much concerned about protecting your money while doing intraday trading. If you try to stay in market with the intention not to lose, in long run you will learn too many things and later you will start earning from market. Never deviate from your own designed strategy. No matter how frustrating or rewarding situation seems you should not deviate from your own strategy that you have designed based on your trading experience. Yea you may update your strategy if your find something better during your trading experience. Never forget to use stop loss . If you use stop loss it’s guaranteed that you will never lose huge money. Stock market is not about making money but it’s about being in the market without losing money. Trade in winning situation. Trade only when you find your strategy fits suitable in market condition. You don’t have to trade daily and every time.