Intraday loss- need suggestions

Select any 1 good stock you like.

  1. the stock you choose should be very liquid and whose movement has less wicks and moves in tandem with Index nifty. ( try to choose any one from nifty 50 bucket)

  2. only trade in this stock with only 1 quantity, this will eliminate you fear for loss and excitement for profit because the amount will be very small and insignificant.

  3. learn the price movement with volume and in different scenarios.
    Example: how stock or price behave after a big move,
    How it move during choppy days
    When in consolidation how it moves etc.

  4. Trade in this stock with 1 quantity till you start turning wining 7 out of 10 trades in a day and say at least 16 days in profit out of 22 trading days in month.

  5. When you start winning for 16 days in a month, then refine it further where say for every 10 Rs your profit is 7 against loss of 3.

  6. When you successfully achieve till point 5 then start doubling your stock quantity every month.

  7. And most important, be honest with your strategy and trading.
    Remember trade will come back again next day, your money will not.
    So don’t lose it.

Best wishes.

Edit1- Spellcheck

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