Smart Trading Tips

You must have a trading plan before you start to trade, that has to be your reference point in decision making.

Be flexible and go with the flow of the markets price action, stubbornness, and emotions are the worst indicators for entries and exits.

Do not worry about losing money that can be made back worry about losing your trading discipline.

Never enter a trade before you know where you will exit if proven wrong.

Never expose your trading account to more than 5% total risk at any one time.

Most of the time trailing stops are more profitable than profit targets.

Understand that the trader only chooses their entries, exits, position size, and risk and the market chooses whether they are profitable or not.

Never put all your Buying Power/Capital amount in Trade, always keep room to do average.  Add scrip in 3 phases e.g. 40%, 30% then 30%.

Keep the habit to book atleast 50% profit, you will surely get opportunity to buy again on dip.

Keep max. of 4 ~ 6 scrips in your portfolio ranging to different sectors e.g. Cement, Technology, Food Industry, Fertilizer etc.

Take note of scrip behavior and annual trend e.g: Cement sectors usually bearish during winter and bullish in summer, Banking sectors gone slow during end of the year due to closing season