Thread by @kirubaakaran

The key to be a master in #Intraday #Trading is to focus on the process, money will eventually follow you.

But we always focus on profits, we always ask how much I can make in this trade? But rather, you should first ask, how much I can lose in this trade?

#TradingStrategy is overrated, #RiskManagement is underrated.

We keep looking for best trading strategy that works all the time, but nothing works all the time. Instead of keep on tweaking one strategy, develop multiple uncorrelated strategy.

Stop loss should be decided before you enter the trade, not after you enter.

The big moves happens during the first hour and last hour of the trading session. Design your trading strategy accordingly.

Do not simply trade with 100,1000 quantity every time, learn position sizing

Trade only on stocks that are part of FnO, as FnO stocks doesn’t have circuit filters, for example you buy a stock like DHFL and if market tanks, before 3:20 PM, you have to exit this stock, but there is a high chance that you will not find any buyer for this stock-circuit filter

Your time is limited in intraday trading, in order to make returns, you have to trade with the stock that shows some momentum. Each day, different stocks will show such momentum, so do not marry with one stock and keep trading the same stock every day.

Winning accuracy is least important, all it matters is how much you make when you are right and how much you lose when you are wrong. That is going to decide whether you are going to be successful or not.