In stock trading, one has to think that this is business process. That means one has to trade always with proper Knowledge (ability to derive the risk and reward marking)and Discipline (rational behaviour backed up with proper technical analysis). One should understand the basic concept of trading skills, tools and apply it accordingly. Many people don’t know that they can make money by selling also when they expect prices to go down not necessarily participating only on buying side. One should also understand that how to place orders like Market order, limit order, stop loss order and target point.
One can decided their trading style whether to do a day trade or positional trade based on their personality, conviction and as per analysis.
It is always important to have Trade Plan before taking any trade because this increases the probability of winning and minimising your emotions after entering into trade.
As it is said earlier it is “Plan the Trade & Trade the Plan “, it brings lot comfort and confidence in this business.
, , Basics of Stock Trading, business or gambling, Intraday, long, long unwinding, POSITIONAL, short, short covering, Trade plan, zero sum game
