4 STEPS FOR SUCCESSFUL ONLINE TRADING(MCX/NSE)
When one start trading, he should follow 4 steps-
LOW VOLUME, LOW MARGIN– start trading with micro,goldguinea & tgts will be small 0.25%.
this phase is useful in studying the behaviour of any scrip.
LOW VOLUME, HIGH MARGIN– trade with micro/mini lots, but tgt are big .
now 1%.income starts.Practice for months in this level.
HIGH VOLUME,LOW MARGIN– trade with 3-4 lots but tgt small0.25%-0.5%only.
suitable time for this- 10 to 10.05 first 5 min.(morning) 7.45 to 8.15 (evening)
This step will make us able to earn 5 to 10k in 60 min only.
HIGH VOLUME, HIGH MARGIN– trade with 3-4 lots and tgt is also big.1-2%
e.g. positional calls. or clear break outs.such as breakout in gold recently from 24k to 26k in 3days.
If you want to stay growing in the mkt,then do not rush.follow this steps for 1-1month.Success will be quite predictable.