Money classic investment advisers is one of the leading advisory firms which has set its standards in providing the best of all complete package of consultancy services and enhance its client's ability and knowledge to invest in market by offering strategies/tactics,
one of those is Intraday tips for tomorrow when encounters traders to trade within a day and for this our company makes him prepare in advance by these tips, In India Intraday trading means the financial transactions carried out in the stock market by a trader within a single day, it is very difficult especially for beginners. But it also attracts due to its quick earning opportunity, but one should also remember the opportunity of losing money in the same manner. So here are some points discussed:-
Day Traders must dedicate their time from starting till closing. By heart the latest reports, including technical data regarding the stocks on your watch list. Avoid investing in penny stocks that have very low liquidity. Concentrate only on one or two stocks so that it will be easier for you to follow them online. When beginners buy stocks, determine the entry and target prices well in advance so that they need not miss maximum gains from market upside. One must allot 10% to 15% of the stock portfolio for doing online day trading.
It is always better to buy the stocks of the company that has met with good financial gains or has announced good news. Intelligent use of stop loss facility must be practiced for safe trading. Constant analysis of stocks and trading results is necessary so that modifications can be made for the good. Having contacts with other day traders and becoming a member of a network will be very useful for exchanging new ideas and news.
No comments:
Post a Comment