newbie's Question

Hi sir,

I am much interested to trade in stock markets and for past 6 months I am learning about stock basics. Need to know how to predict the company's share price going down.What are things will make a share to go down.

As I am newbie, getting into trade directly is good one or any other options to make myself stable in trade before start taking risk trades.

Pls post valuable points and thanks in advance for your time.

There are 3 kinds of trends - long term, short term and intra-day ...

Fundamental and technical analysis ... Read book on art of stock investing to get basics on fundamental analysis (http://bse2nse.com/books-training/31...investing.html) ...

Watch our videos at http://youtube.com/user/bse2nse to get idea on technical analysis

Hi Mani,
While I trade on equity or nifty futures in intraday can I move away from my system after I take a long position and apply the target and stop loss? When I am not in front of the system, if the target is hit and the market goes down will my stop loss get triggered?
In a short position what would happen if the target is hit and the market goes up will my stop loss get triggered?
Br

Well RICHMIND you should follow these techniques to minimize your losses

Rules employed by intra-day traders

1)Invest what they can afford to lose - Intra-day trading carries more risk than investing in stocks and an unexpected movement can wipe out their entire investment in a few minutes.

2)Choose highly liquid shares - Intra-day traders must square their positions at the end of the trading session.

3)Trade only in two or three scrips at a time - There is a need to closely monitor the stock movements.

4)Research watch list thoroughly.

5)Fix entry price and target levels - The psychology of the buyer changes after they have bought a stock, which could interfere with their judgment and nudge them into selling too quickly even if the price moves up marginally.

6)Use stop losses to contain impact - This helps the trader limit losses in case the share belies expectations and moves down (or up).

7)Are not investors - Shares are bought with an ultra short-term horizon.

8)Book profits when targets are met - Greed and fear are the two biggest hurdles for the intra-day trader.

9)Don't fight the market trend - Even the most sophisticated analysis cannot predict which way the market will move.

10)Remember small is beautiful - While stock investments can yield stupendous returns, be content with small gains from intra-day trading.

Because intra-day traders close out their positions in the stocks they own at the end of the day, whether winning or losing, some of the risks are limited. There is no hangover. Each day is a new day, and nothing can happen overnight to disturb an existing profit position.

Originally Posted by RICHMIND

Hi Mani,
While I trade on equity or nifty futures in intraday can I move away from my system after I take a long position and apply the target and stop loss? When I am not in front of the system, if the target is hit and the market goes down will my stop loss get triggered?
In a short position what would happen if the target is hit and the market goes up will my stop loss get triggered?
Br

Technically, you can place both target and stop loss order only as Basket order ... Where if target is hit, stop loss is automatically cancelled and vice versa

Mani,
can you please explain how to use your dash board for trading??

what is pre-open market sen-sex and how is it determined?