Risk management
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Options Trader, Kerala
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Stocks
• Oct 31, 2023 9:50 PM
Is sl limit order available in options for intraday trading?
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Learn price action if you want to be successful.
You can start at anytime. You don't need any graduation for trading and investing.
But you should study basics of stock market and psychology is an important factor for your success.
Nifty is a Indian stock market index. It comprises the top 50 stocks of NSE.
Never trade options if you are a beginner.
Stop loss is a price at which you decide to close your position and cut your losses if the market moves against you.
@rutrank 👍🏻
@rutrank I follow smart money concepts by ICT (inner circle trader), search them on YouTube, and watch the 2022 mentorship playlist. His methods are very useful in trading indexes, and tries to understand the meaning of the candles and what they are trying to tell you and never t...
@rutrank It is better to keep it to the minimum. There will be brokerage and taxes in the real market, so sometimes by overtrading, your net p&l will be in the red even if you manage to make some profit during the day.
Scalping is good, but it is also better to try other strategi...
Thats all part of the game. You should not do trades with emotions. Also reading books never make you better in trading, its upto you. You are the problem. If you want to become profitable, you should control your emotions.
You should start to trade in live market with small capital. There will be no emotions in paper trading. You should keep this discipline in trading and start to do it with real money.
Also never do over trades, only 1-3 trades a day maximum.1-2 trades is better always.
Market opens at 9:15am and closes at 3.30pm but its riskier to take trade in the first and last hour of market hours.
Buy at discount (low price) and sell at premium (high price) OR vice versa
But you should identify these levels and take trade/invest.