Submitted by GAURANGAGG on Wed, 01/13/2016 - 14:27
following are the learnings which brought different extreme emotions to me. I hope you ( the reader ) will get benefitted from them by following them ( at your own risk and while using own conscience ).
13.01.2016
- If you are having limited money and you have placed an order and are unsure of it getting crossed / completed then CANCEL the order prior to placing a new one else you may get doomed ( in a metaphorical sense ). As transaction takes place in microseconds and there is no way you can control them so save yourself by never doing it.
- When you are selling your shares, you should know that they don’t get sold at once but are sold in chunks. You should understand how many shares are left to get sold before cancelling and putting new price for the new trade ( of selling ) in this case. Check the Trade Report instantly to know how much shares have been bought / sold at any instant.
- maintain enough liquidity for day trading that even if you invest ( trade ) it all, you will still be able to breath in and out properly and also stay alive without having even slightest fear. treat that money as value investing. but then always day trade in companies which are having financials rock solid or at least the assets leads double the debts. (7.04.2016)
Quote by me:
- if you aren't sane at the time of transaction, you will surely get insane after the square off.
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