As
a trader you need to understand why it is that you enter a particular position,
what is your own specific reason for position entry; the answer cannot be
"It looks like it is going up". You cannot put down money based on a
gut feeling; you have to be motivated by a technical reason found in the chart
that you are observing. Another factor that will influence your trading is
volume. The average daily volume of a stock that you choose to trade should be
at minimum 1M shares. Be very cautious when risking your Equity tips, make sure you have spent sufficient time paper
trading, otherwise you will pay a lot of money in market tuition... and that
can be quite costly.
Something
else that will have to be considered is your personal workstation. Keep your
work area clean, and uncluttered. A messy desktop will not allow you to think
clearly, and will prove to be distracting. You will need a good monitor setup
so that you have ample real estate to view charts, level 2, etc. You will also
require high-speed Internet connection and a good direct access broker. This is
a serious profession based on mathematics and market psychology, so act
professional. If you trade with a budget day trading casino mentality, you will
quickly gamble away your entire account.
If
you want to improve your stock trading profitability with the help of Commodity tips, stock cash tips, intraday tips and many other segments you can
visit Equity Research Lab website or
call at 8109999233.
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