InvestorQ : What are some of the basics of intraday trading?
vidhya Laxmi made post

What are some of the basics of intraday trading?

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Dia Deshpande answered.
3 years ago
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In trading, there are 3 key important decisions viz. When to buy, when to sell and when to stay away from the market. You will be surprised but you make more money in trading by doing nothing. It is just that you need to be clear when you must do nothing. There is nothing wrong in losses and be prepared to take a loss. It is wiser to take a small loss than expose yourself to a big loss. Taking a loss is a hard decision but if you want to be a successful trader, then you need to learn to when and how to take losses.
Set realistic goals while trading. If you have earned 5% returns for 3 months, don’t expect that you will earn such returns to perpetuity. In fact, the statistics laws of mean reversal make it more likely that you will underperform in the coming months.
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