Don’t jump in trend early - Wait and get paper confirmation of trend change, and then plan and do your trades (buy/sell).

Don’t jump in or do early trades before any trade change confirmation this may damage your capital (bank balance).

Don’t wait in trade for long time - Suppose that you had done one trade (either buy or sell) but the scrip is not moving either up or down, it is just stable or moving with very low price difference, then you should get out of that trade and look for other scrip’s. You may encounter these type of situations when indices (NSE or BSE) and not moving (or moving with narrow range). At such time either you wait or come out of trade, don’t loose patience and fall under loss.

Don’t change your trend on volume volatility - Some time you enter in trade by seeing the buy and sell quantities. For example, suppose you brought shares by seeing more buy quantity then sell quantity, expecting more buy quantity may push the share/stock up but after few minutes you see exactly reverse that you see more sell quantity and less buy quantity or both buy and sell high quantity or the difference of buying and selling quantity is decreased as compared to what you had seen before. So this point is very important, don’t panic here and sell off your stock, wait and realize the situation properly and then take action. This situation comes many times but if you are sure that your share is going to move up then stick to it.

Day traders secrets

Never invest all your money in same sector this method is called as diversification of shares.
This will protect your money from downtrends of any particular sector as you can make money from other sector.
There are various sectors like IT, Pharmacy, Banking, Steel, Petrol and Oil, construction and infrastructure, auto etc.

Day trading tips

Prepare your Trading Plan, Strictly maintain stop loss
Control your Emotions, Don't try to get big profits in single trade
Accept and Limit Losses, Check out volumes before buying
Check derivative status
If possible try to check out the derivative of the stock which you want to buy. If derivative of that particular stock is going up with increasing buying volumes then you can immediately grab (buy) that share/stock.
Most of the time it is seen that if the derivative goes up, then its stock or share also goes up.
Wait for the target price to buy

For example, if buy is given at 150.5 then don’t buy below this price, only buy at 150.5 price or slightly higher then price. Because the given buy price may be the resistance price, if it breaks then share price goes up or else may not go up above 150.5. So plan to buy at given targeted price, don’t buy below target price.
Strictly maintain Stop Loss
Strictly maintain the given stop losses. This will help you to prevent from huge loss. Suppose, for moment the share/stock what you bought falls drastically down, then you may end up with huge loss. So always maintain given stop loss.
“Stop Loss will reduce your loss”.
Down wait for huge profit in single share/stock
If you are getting some profit and if you notice that is not further moving up (it’s called consolidation) then you have to sell your share/stock and come out of that trade.
In this manner, you can earn small profit instead of loss then you can do another trade and again earn small profit. Likewise if you keep earning couple of small profits in a single day then all your small profits will add up to huge profit amount in a single day. “Get satisfied in small profit and do multiple trades”.