Today in this post, I am sharing some smart intraday trading tips for beginners. All these tips are on the basis of my personal experience. Let me know by writing in the comment section if you have any doubt.
10 Smart Intraday Trading tips for beginners
Tip 1 Don’t over-invest
Invest your money carefully. Don’t invest more than your limits. It’s risky business and has chances to lose also. Over-investment may put you in serious financial troubles.
Tip 2 Book your profit as per your target
Book profit according to your goal and be satisfied with it, do not wait and do not even expect much. Yes maybe it might be better after going to your goal but it is likely that it can be bad too. So be satisfied with the benefits you have thought.
Tip 3 Stick on your Investment amount
Stick on your investment amount till one or two months. Don’t forget to transfer your funds to your main bank account.
Tip 4 Do market survey before any investment
Do proper market survey and study before investing any amount. Pick your stocks according to your research. Don’t go for the random pick.
Tip 5 Don’t rush
Think carefully about whether you’re ready for more investment amount. Don’t rush. Plan your investment according to your financial conditions.
Tip 6 Keep your brain calm
Keep your mind calm. Take any decision with a calm mind.
Tip 7 Control your emotions
Control your emotions. Enthusiasm and frustration can spoil the equation of your investment.
Read Also: Strategy used to pick a best stock
Tip 8 Don’t invest according to your Guess
Do not invest only on estimates. The guess might be right for you for a while, but for a long-term, it ruins all your investment.
Tip 9 Prepare ur brain for losses too
Prepare ur brain for losses too. As it’s risky and has probability too for losses. You can minimize your chance of losses by a proper market study.
Tip 10 Always start your day fresh
Always start your day fresh. Forget about the benefits or losses of tomorrow or the past. Never think about your past activities. Such thinking can ruin your today’s planning and research.