Start learning ! Its a long journey

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Choose your market wisely

Choose your market basis risk you are willing to take . Is it NIFTY , BANK NIFTY , Stocks , commodities etc .

Feel the MARKET first

Its always better to start with paper trading . While psychology develops with real money but atleast you will have some understanding on how price moves.

Develop a Trading Plan

You should know a) How to approach market b) Trading strategy c) Risk , exact entry , exit and stop loss

Start with a small amount

Developing psychology and trading mindset takes time, so start with a small amount. Dont put more capital to recover past losses

Choose your trading style

Give time to market for choosing your trading style . Are you a intraday , swing or positional trader ?

Manage risk

There are 2 points to consider here : a. Defining your risk before taking the trade 2. Maintaining a proper risk reward ratio

Journal your trade

Journaling your trade is like the report card of your performance in trading. While beginner trader may find this a boring task but its the most important thing when you start

Keep patience

It is a long journey and might take a few years also before you become profitable. You should never do revenge trading because chances are that you will loose more

Thanks for reading !

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