5 Intraday Mistakes Trader Do And Lost Money In Stock Market
5 Intraday Mistakes Traders Do And Lost Money In Stock Trading
Intraday trading is one good and easy way of making money in stock market. most of people choose to do intraday trading to earn profit but in this process they make many samll mistakes which makes your loss in good profit booking trading opportunity.
if you don't study,
learn ,correct and improve your mistakes then your trading is not going to be effective and you can't book good big profit in trading.
So learning stock market and trading is the basic lesson of trading perticularly for intraday trading because it is for day only.
if you decide and do it properly with practical knowledge then you can't lose your money in intraday trading.
How to do trading smartly in stock market
So know and learn which are those mistakes that directly and indirectly can make your loss and how you can improve them as a smart Trader to be effectively trade in the stock market.
you can see the suggested stock graphs on twitter/moneeasy account.
Most Commom Intraday Trading Mistakes
- Hurry to buy stock
- Buying stock at gaining or high price
- Immediately take position in other stocks
- Not observing graph carefully
- Buying stock on price gain and Lose basis
Intraday Trading Mistake:1. Hurry To Buy Stocks
If you see the candle stick graph of any company then you will know there is immediate spick in graph for upside or downside when the market opens and this happens almost in every stock which have been selected for intraday because of large volume. In This condition trader think they can buy and book immediate small profit and this is not totally wrong but this is not the smart trick or way because you may lost not only money (trading amount) but the good profit booking opportunity further for that day because every stock need some time to be stable and as a trader you should wait for some time and act as per current market situation.
Tip :Don't take more risk to make only money there are many trading opportunities incoming.
Intraday Mistake:2. Buying Stock At Gained /High Price
This is emotional one habit and you lost money because of it see wha happen when you look graph for intraday trading then there is some price gain in stock/share also volume is good and you think you should buy this and make some profit but this not happens every time and may be that price is the total high of the day and stock start decreasing from that price. you can see this in any graph, take any good one( of ups and downs) and study between 2-3 up and down position.so you Will realise it that it's just your thought and in actual happend apposite to it.so wait for some period and then take position with full certainity.
Tip:If You realise position is wrong then immediatly take exit and follow stock direction. But keep less profit margin and do it carefully.
See graph: twitter/moneeasyIntraday Mistake:3. Immediately Trade In Other Stocks
This is I am highlighting here because I saw this that people are doing this fearlessly ,because what happens you know that trading means the process of profit and loss and this happens with every trader.
So the point is you as smart trader think at that time it's ok i lost money in one stock sessions but i don't stop and I can make the profit because there are other stocks available and so on......
And you re going to take position in other stock. mainly this is step of mistake and already you have loss and. You are not studied that graph from begining but also yoi will do trading in this case but see
you don't know how the stock is going and its direction or is predictable or not for trading like this you need to think and need to protect your money from losing it.
I know trading is about money making but there are some rules and process you must follow to be a good trader ok.
Tip : It looks easy to do but its not so don't do this. It's much better to limit your trading session in a stock for a day.
Intraday Mistake:4. Not studying Graph Carefully
In trading every thing depends on candle stick graph and you also know this but many times in trading if you see carefully then according to candle graph you take positions and things will not happen as you predicted this happens in trading so because of this state or problem the Stop Loss options is invented and you are using this during trading right.
So if you don't understand the graph some time and even your are in some uncertainity about trading at that time then don't worry leave trading for that day and continue on next day. But don't take position because you haven't made any money and you want to make some before market close. this extra positivity and confidence is the reason here of losing money because in trading you should have a minimum profit thresholds
And you cant come below that otherwise you know you need pay charges from your money and that is indireclty a loss.
Tip: learn to read the graph.it is a skill if you aquare it you can make money in any condition.
Intraday Mistake:5. Buying Stock On Price Gaining And Losing Basis
This is not the way of buying and selling the stock share for trading but this is the one of mistake because if you study and see carefully then you will know this is the coincidence and happened with you and you made profit from it and you are assuming this the right ways of trading because you got the profit in some cases. and This is happening alternately with you some day you earn profit and another day you in loss if you study that loss then they you will realise it practically and can know why you lost money in trades.
Don't do this otherwise you will end in big loss because for trading there are base , support level and resistance levels and you should see this, understand and act otherwise your profit will be in ups and downs like graph and you cant earn more money than a limit.
Common Intraday Trading Questions
Can i lose all the capital in intraday trading
: yes, you can lost all your in trading if not trade very carefully.
Can i do intraday in same stock?
:Yes, you can do but it is not sure you will get same price movement everytime.
Which is good type to start trading.
:Intraday in equity with small amount is best way to start and learn it practically
Can i myself choose stocks for intraday
:Sure, even you can find better stocks with yiur study and experience than free calls
What is best way to earn good profit in intraday
:Learn it well first with practical experinece is best way to earn.
Related Articles :
How to do intraday trading smartlyIntradya Trading Tips And Techniques
Good stocks for intraday trading
Where you can trade to make more and safe profit
Intraday trading practical step by step process
Trading Types
Comments