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10 Day Trading Guru Mantras to make you a Billionaire

Posted By On 3/31/2009 06:40:00 PM Under

A few guru mantras for day trading to help you become a billionaire are as enumerated below:
1. One has to be disciplined in stock market trading to make money.
2. Trade less when one is not making money from the mkt.
3. Age old saying that do not let a profitable trade become a losing trade and thus trail the stock by lifting the stop loss.
4. Remember that you can lose maximum which can not be greater than your highest profit.
5. Choose a stock market guru and have faith in him or else design your methodology and stick with it.
6. Do not be a copy cat as every body has a different trading style. If it was feasible every body would have had become Rakesh Jhunjhunwala by following Rakesh Jhunjhunwala Portfolio.
7. Remember that stock market opens its doors to wealth every day and thus you can always fight back next day.
8. Have sufficient financial backing to trade big in stock market.
9. Kick the losing stocks out of your portfolio.
10. First reaction is the best reaction and if you know that the trade is not working in your favour it means that the same is not going to work in day trading and thus one has to exit from such loss making propositions.

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