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22 Ways to Maximise Returns from Stock Market as a Day Trader

Posted By On 1/05/2010 12:59:00 PM Under

We are suggesting 25 ways which can help one to maximise their returns as a day trader and these are listed below.

  • Plan your trade. Trade as per your plan.

  • Select your Stock, Decide the Quantity, Decide the entry and exit price and Decide the amount of money you can loose if the trade goes against you.

  • Trading in Opening and Closing hours of the market is Risky but Rewarding.

  • Use a Stop Loss

  • Always trade with Stop Loss. Set Stop Loss Sell Order just below the low of the day or Support level and Stop Loss Buy Order just above the high of the day or Resistance level.

  • Never Trade too many stocks at once

  • Always trade in High Volume Index based Shares.

  • Select Three or five stocks for Trading.

  • Get the price movement between the bottom and top

  • It is not possible to Buy at the Bottom and Sell at the Top.

  • Try to trade between the Bottom and Top.

  • Always buy a stock that is going Up. Buying level is just above the previous closing price.

  • Always sell the stock that is going down. Selling level is just below the previous closing price.

  • Don't average Your Position

  • One common mistake by Traders is averaging Loss making position. You must exit if the trade goes against you.

  • Take control of your greed

  • Book Profit and leave the trading hall and enjoy the day.

  • Take control of your fear

  • Cut your loss - Relax – Forget your loss quickly. Wait for next Opportunity. You can Win.

  • Keep records of your trading results.

  • Always record details of your trades and mistakes. Accept failure as a step towards victory.

  • Make sure that you make these habits as a second nature for you and it comes automatically.
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