@jayaprakash0 No bro, there's a resistance. Market already retraced about 0.786 level, so reversal expected
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Paper Trades
Stocks
Never average a position. Limit your day loss as 1% of your capital and profit as minimum 1-2% of your capital. If you reach your goal, book the profit/loss and leave the market for the day.
@maddiletii Note: As a beginner entering into stock market "DON'T TRADE WITH REAL MONEY. You'll definitely lose money I'm 100% sure for that. First 1-2 days or 1-2 week's you may earn some money next you'll lose. So first do paper trading. Develop a trading setup. Approach the ma...
@maddiletii First do these things:
1) Watch these videos. Understand price action. He'll do daily intraday trading. So it's useful.
Video-1: https://youtube.com/@IntradayHunter
2) Watch this video's for small capital like 1 lakh:
Channel name: MS Trading Analysis
Videos: https:...
All the best 👍😀
@maddiletii I've practiced this way. Daily I'll fix my mind to take "two trades" a day.
First trade: Capture 15 points
Second trade: Capture another 10 points. Total points captured: 25 points.
Step-4: Try to do it with 100 quantity. Profit: 2500/-(100*25points=2500/-)
Step-5: ...
First do paper trading. First trade with 50 quantity. Capture 20-30 points. Profit per day should be around 1000-1500/-.
Step-2: Now practice to capture 30-50 points from the market.
Step-3: Once you get confidence, increase the position size. Go to 100 quantity. Try to capture ...
1 minute time frame.
So tomorrow banknifty is opening flat?