1 - Never invest everything at once.
2 - You need to have a trading plan.
3 - Turn off emotions and trade according to the plan.
You already get some great advice in this thread…
I Just want to add:
- Make a trading System.
- Backtest it (2 years minimum)
- Forward Test (2 months minimum)
If your Back-testing and forward testing results are some what similar. Then and only then go live with real money with small amount.
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- A Digital Blogger - Specially do watch bill bull series playlist, This is only theory learning channel.
- Siddharth Bhanushali - Specially do watch X factor playlist. I would say just learn theory from him.
- Power of Stocks - He is Intraday Specialist, although you will also get setup for swing and even for investing from him. He also posts daily analysis.
- Strategic Stocks - You will get many backtested strategies from this channel, and you will understand how to backtest and read backtest result, very important to know.
- Badshai Trading - Very good trader, and very experienced as well. Again he is intraday specialist for now.
- Ghanshyam Tech & Art of Trading - Very good, provides his experience, does not make videos to earn money. Many profitable setup you will find. But only intraday setup’s.
I would say just do this while learning - 1] ✂️ Dr Bindra - Mistake Sideline Concept - YouTube
2] ✂️ Dr Bindra - How to go beyond Above Average Syndrome? - YouTube
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Here are a few crucial tips -
- DO Choose liquid stocks
- DO Decide a fixed entry and exit price, and stay with it. DO NOT change
- Better - DO set a stop loss
- DO NOT enter into a position during the first hour after the market opens - the high volatility will kill you.
- Take control over your greed, anger, and fear. DO learn and practise trading psychology.
Beginners should always conduct their own research rather than following the crowd. Also, risk the money you are comfortable losing. There are high risks of volatility and you should always trade with a plan.