!!!!!!!!!! Intra Day Trading !!!!!!!!!!!!

In general people on the street want to make big bucks overnight and resort to day trading. Day trading is like fighting a battle and to win a battle you need to be equipped with the winning tools. Here we present some of the rules one must adhere to win or to survive :-)

• Determine the amount one can afford losing in a day.

• Do not bet entire amount on a single trade. Divide the amount you can lose in few equal
numbers of trades.

• Stop trading for the day if you have lost the entire amount you allocated for the day. • Keep reasonable profit to loss ratio. Profit expected from the trade must be higher than the amount you are ready to lose on the trade. The ratio of 1.5 to 2 is advisable. Do not enter the trade
if this condition is not satisfied.

• Always trade with the trend. Never enter into a trade which is against the larger trend. Avoid trading for the minor pullback or correction.

• Keep reasonable stop loss levels and follow them very strictly. • Never let a profit turn into losses, means keep trailing stop loss.

• Do not get emotional with the fundamentals in day trading.