As a new trader, you must go through the below links to enhance your trading skills and can even revert back to these guidelines in case any doubt arises in the mind.
Which is Better Exchange to Trade?
Why Keep Nifty50 Chart or Figure Open during Trading Hours?
Stop Loss and Importance of Trailing Stop Loss
What is Margin Trading and another perspective of margin trading here
Do Not Watch Business Channels: Watching too much business channels affects your decision-making ability.
Why Avoid Buying Day Open and Day High Stocks or to Sell Day Open or Day Low Stocks. The simple language we can state as follows:
(a) In day open and day high stocks, you should buy only if the stock trades above the day high in positive Nifty with sufficient volume
(b) You should sell in a day open and day low being same in only that case when the Nifty is negative and day low is being broken with volume.
Gap Up or Gap Down Trading Technique: You must read this as this situation can occur due to enhanced volatility.
Profit Booking Technique
The easiest way is to book profit half at target 1 and balance at target 2. However, a better way is to keep shifting SL continuously as stock progresses upwards and in simple terms can be stated that as the stock moves up to say the first target, shift stop loss to buy price and as it moves up say to target 2 shift stop loss to Target 1 and so on and keep shifting as some good days do happen when you may get up to 6-8% returns. By doing this activity, your profit is assured.
Trading Platform
For your individual trading platform queries please refer to the relationship managers of your trading platform. If you are serious about trading then you should avoid going in for discount brokers as their system may crash due to client overload when you require it the most. Always stick to a full-fledged broker. Discount brokers are like Zerodha, Aliceblue or Upstox, etc. You can speak to us to know the latest best full-fledged nationwide brokerage platforms which provide good service and competitive brokerage.
Financial management & Daily Trading is Mandatory: Start with constant capital and trade on a daily basis and in all-stock calls. If You decide today I will trade in this call and will not trade in that call and today I will trade and tomorrow I will not trade; then you might get struck by Murphy's law which means that the day you trade by pick and choose and that particular day you might hit by the stop loss. So always trade on all days and in all the calls given.
Restart Your Phone in Morning: Restart Your phone once in the morning around 8 AM or so and keep SMS inbox clean so that you can get the SMS timely.
Most Imp: Time when to be Ready & Action to take if No Update Received
You will receive stock tips by SMS. Our update about the market and trading strategy if any comes by 9:10AM and if you do not receive it by the said time, pl call 9988877963 at sharp 9:10AM. Your phone will be disconnected and the trading strategy will be again sent to you. If you do not call by 9:10AM we assume that you have received the tip. Nonreceipt of SMS can happen due to your service provider signal issue.
For Bank Nifty Option Tips and Commodity Tips, we provide tips through WhatsApp during market hours and with updates that run during the whole day.
How Much Should I Trade?
The first week trade minimum and understand the system and as you get the hang of the system, you can increase your trading order size. However never forget the financial discipline in life.
How to Identify the SMS?
You will get Stock SMS where it is written following three words which are highlighted below
IST (short form for Indian-Share-Tips.Com)
Main
Buy XYZ>100,101.5,103 SL 99 which means that above 100 is the buy price with targets as 101.5 and 103 and SL stands for stop-loss which is 99 here. Please note that buy call is to be undertaken in the positive market and sell call in the negative market. Further note that 10-20 points in the Nifty 50 index up or down do not show and trend and it is 50 points above and below which shows the real trend in the market.
Bonus
An additional tip if any to cater for an additional opportunity if any or to cater to any change in trend direction.
If Time Permits:
(a) Go through Stock Market book for Beginners
(b) You can go through this link which is related to giving you in-depth knowledge about technical analysis and the same can be accessed by visiting the link How to Become a Technical Analyst here.