28 April 2012

5 GOLDEN RULES TO TRADE IN NIFTY


5    GOLDEN RULES TO TRADE IN NIFTY

1. WATCH BEFORE U TRADE
   
 Never trade in nifty in first half hour.Always make it habit to trade in Nifty Future after carefully watching movement with price and volume changes.It is always better strategy is to stand aside ,let the future establish an early trading range ,and then enter a range break.


2. KEEP STRICT STOP LOSS

This is most important point which most traders do not follow..If you are on wrong side of trade accept it..the sooner the better.

3.TRADING IS NOT COMPULSORY

Many people are compulsory traders and gets addicted to it which is very dangerous phenomenon.There can be days when market lack momentum or u are not so sure for trading.Avoid trading in such case.

4. NEVER CONVERT INTRADAY TRADE INTO POSITIONAL

If you have entered in a trade with intra day view, then never carry it forward to next day.

5.TRADE REASONABLY

Don’t expect high profits while entering into the trade.You cannot earn all the money you desire in a single day.Take this as any other business and grab profits as early as possible and try to invest it in some other sector.

6 comments:

  1. nice blog i enjoy reading nifty tips n nifty levels here

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    Replies
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  2. great work,the rules are really golden ones for trader like me.

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  3. 5 golden rules to trade in nifty are realistic,one should follow it .thanks for it

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    Replies
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  4. very true indeed it helped me to trade nifty

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