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Day Trading Secret Successful Mantras

Posted By On 4/07/2009 07:39:00 PM Under

1. If you can exercise discipline than you are bound to be a winner in stock market as discipline holds the key in making a successful or a loser trader.
2. Remember market is always right and you can not fight it.
3. Maintain a diary for trades executed and analyse the same every day.
4. Always sell into good news and buy on bad news.
5. Develop these qualities namely patience, perseverance, determination and a rational trading plan to be successful in day trading arena.
6. Divorce emotion while day trading in stock market.
7. Every trade can not bring profit for you.
8. Develop your instincts and psychic abilities and analyse the accuracy of your instincts.
9. Always have an exit point in mind for every trade.
10. Donot be rigid and be flexible in thinking and should be like a military leader who has to act fast as per the developments in a battle field as the first thing which goes awry in war is a plan. So trading plan can also go for a six in adverse situations.
11. Remember that different strategies suit different days and different stocks.
12. Timely information and fast execution of trades is essential to day trade successfully.
12. Good financial information service like Indian stock tips is a must to make money.

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