- Ride with the wind, if the market falls, then short-sell, Even if the market whipsaw, means suddenly turning in the other direction, do not buy-sell the shares, after some time again it might start drooping down, Always short-sell if overall market is down and vice versa.
- Watch out for news before you start the day. Spend some 1 hour in the morning reading various news, which came out yesterday or today morning. Look out for recommendations from websites like ecomomic times, profit.ndtv and see the reasons why they are saying it, without any concrete reason do not blindly trust them.
- If your day starts with a profit before 12 noon, pack things and close the trading windows. Same if you face loss twice, then give some break and check out after 2 pm, what happens in the market or take the day off.
- Look for sudden spikes (market ramp or plummet) using Stop Loss entry and exit when the spike settles.
- Do not put all your money in one trade, always split them between different stocks. choose certain stock and follow it, use only a portion of your money for it, if you face loss, quit that stock and watch some other stock, not the same one.
These are my personal observations and learnings. I am still learning, will add points if any, later.
Good Luck!