How to Become a Profitable Trader in Stock Market: To Become Profitable in trading is not an easy job for this you need at least 4-5 years of trading experience and you know every day market will teach you New things I basically trade Intraday only so below are the tips to remain profitable in Intraday Trading.How to Become Profitable Trader in Stock Market.
How Much Time It Takes To Be a Profitable Trader
1. Always
Take small lose: Trader who is extracting big point with small capital
will never go in loss and trader who brings big capital and takes small profit
is always in risky situation and one day he will be in loss. As a good trader
you should aim for big profit and small losses.
2. Use
only one strategy for life: when any trader use only one strategy then
he know that today market is tradable or not tradable if market is trade able
according to his one strategy he will enter in the market and if not trade able
he will not try to find any other new opportunity in this way a single strategy
trader will always be in profit.
3. Trade less: when you use only one strategy you will not get entry every day 'Most Profitable Trader In India'
4. Share
your experience of trading: To Remain attached to one strategy and back
testing daily you should post your trading experience daily on your blog or
YouTube.
5. Take
Trade on Big stop loss only when you are Profitable: Sometime a big candle
is formed because of news or any other global issues because of which your
entry can be on big candle and it’s obvious that stop loss will be also big so
always trade this kind of setup when you are in profit if you are in loss avoid
this type of setup
6. Take
Hedge position when market is sideways specially on Friday after 3:20 PM if you have experience in hedge position
: if you have experience in hedging then
you can go with his position but I basically don't recommended hedging because
hedging create a doubt that the market may move but I always trade when the
market will move and also hedging required big capital but I used to take the
risk of small capital."
