Advice from Successful Traders

Advice For Intraday Trading

Make Good Returns with Less Capital Consistently

  • A Successful Trader must involve a set of rules to follow irrespective of the trading results and one must obey the rules unquestioningly. For this one needs to list out the rules or else the emotions take over and the judgment leads to overtrading or loss accumulation and may lead one's capital to erode or even get wiped out.
  • A Successful Trader's key to success is sticking to rules they frame from their own experience of trading and following the general rules of trading. 
  • Markets can give you a huge profit and take away your entire capital at any time if you are not sticking to your strategy and trading rules.
  • If you want to make good returns with less capital consistently, safely, follow the rules of trading strictly with discipline and no excuses. 
  • Always write down the trade before, and after exiting the trade and analyze the trade for future improvements required.
  • Making a good profit in a day and losing everything the day after does not amount to consistency, Select a good strategy where you are not required to lose heavily with strict stop losses. see that when you enter a trade you must be confident about the entry that it is little or no chance of hitting a stop loss is the key to success.
  • Losses are inevitable in trading but losing heavily is in your hands. Overtrading, not having a stop loss, are risks, which one should not take, let the bets be small, stops should be placed comfortably but safely.