1 Buy the stocks that are going up Stocks that are rising tend to keep rising while others stocks in a down trend continue to fall. So as a trader you have to chose the stock and trade along with the trend.
2 Cut losses let profits run
Most of the traders always sell their good trading positions and hold their bad positions. If you buy a stock and it starts falling heavily get out of the trade immediately.

At the same time if the stock going up wait for some time.

3 Never take a tip
Most of the tips come to nothing. so never depend on a tip

4 Never trade against the trend
Going for a short term trade against the direction of the longer term trend is very dangerous. If you are going to trade in the long position but the long term direction of the market is down side avoid the trade.

5 Buy High Sell Higher
It is always impossible to buy at lows and sell at highs. So better to buy in highs and sell on higher.

6 When in doubt stay out

Systematic trading is nothing but discipline. During the trading if you have a doubt in the direction of the market it is better to avoid trading. When you feel good about the direction of the market, start trade according to the market.

7 Start with less
The best way to start trading is to trade smaller than you would normally. If you are going to trade 100 shares eventually trade 30 shares for the first 30 days of the systematic trading, after the big success you can increase your trading capital step by step.

8 Accept your losses
Never expect all your trades to be successful; even the best investors are not right all the time. Sometimes it is necessary to sell the losers, so accept loss at that time.

1 Understand the psychology of the trading market. Never believe that you are smarter than the market. As the market will always win in the short time.
2 A good trader will select a best strategy which matches the trading market conditions.

3 First acquire the knowledge on how the market works then test and retest your Ideas and concepts until you fell confident.

4 Specialize in one sector and trade in the same sector for some period of time. Use one strategy at one particular point of time,

5 before trading develop a working knowledge of what type of entry and exit order work best

6 Integrate fundamental and technical as well as sentiment analysis into a real world trading approach that enables a trader to understand best market performance.

7 Learning is never end so always a trader to continue his learning process.

8 To trade best first you forget your college degree trust your instincts.

9 Follow the charts while trading because you are not enough to know how the news will affect the trading market price The chart already knows the news is coming.

1 Study the trends Study long term charts Begin a Chart analysis with monthly and weekly charts spanning several years. A larger scale map of the market provides more visibility and a better long term perspective on the market Even if you trade only the short term you will do better if you are trading in the same direction.
2 Follow the trends Make you sure you trade in the direction of the trend. Buy dips if trend is up sell rallies if the trend is down.
If you are trading intermediate trend use daily and weekly charts. If you are day trading use daily and intraday charts.
3 Draw the trend line
Trend lines are one of the simplest and most effective charting tool. The breaking trend lines usually signals a change in the trend.
4 Find the Retracement
Measure the percentage of retracements market corrections up or down usually retrace a significant portion of the previous trend.
A fifty percent retracement of a prior trend is most common.
5 Find the support and Resistance The best place to trade is near the support and resistance.
6 Follow the Averages
Follow the Moving Average. Moving averages provide buy and sell signals. Trading with Moving averages are very easy. Price crossing above and bellow 40 day moving average provide good trading signal.
7 Trace MACD
Trading with the help of macd indicator avoids failure in the trading.
8 Track oscillators
Oscillators help the traders to Identify over bought and over sold markets. There are many oscillators. Traders can use RSI and Stochastics.
Oscillators work best in the trading market range.
9 Follow the Sectors Scroll all the sectors charts at least once in a month and establish which ones are going up and which are not. Trade according to the sector

1 First you know about Yourself

Trading is not for everyone. If risk makes you ill or if take risk brings out recklessness in you then trading is probable not for you.

But if you can handle risk with discipline then perhaps you can find a vocation or avocation as a trader.

Only you can answer that question.

2 Lose your Ego not Money

You need to silence your ego in order to listen to the market.

To trade effectively you need to put yourself aside. Don’t be crushed by the market, but don’t are think you have mastered it either.

3 Trade for Success not for money

Your motivation should be first and foremost to make a well executed trade. If money alone is your motivation you will severely limit your chances of success.

Because focusing on money will said all kinds of emotional Issues from fear to greed.

It will make you afraid of losses or it will tempt you to trade to often with too much risk.

4 Traders must have Discipline

The ability to master your mind, your body and your irrationals is the key to trading.

For a Trader discipline mean the ability to devise a trading plan, executive according to that plan and never deviate from that trading plan.

5 Cut your Loses Quickly

When the market goes against your trading position and you did your predetermined stop, exit the trade exit when the loss is a small one.

Then re-valuate your strategy and execute a new trade.

Keeping your losses small will keep you is the game.

6 Let your Profits run

When you place a trade, know in advance where you will exit for a profit. When the market reached that level exit the position.

7 Know when to Trade

Trade when your analysis, your system and your strategy say that you have a buy or sell to executive.

If the market does not have a clear direction, then don’t trade.

Keep your mind on the market but keep your money out of it.

8 Take a Break

If your three trades goes against you this is not the time to take on more risk. So sit the sidelines and watch the market.

9 Love you losers also

Losing trades will be your best teachers. When you have a losing trade it because of some flaws in your analysis or judgment.

So re-valuate the analysis and if necessary you may enter the trade again.

10 Divide your Capital and Trade

Don’t trade all your capital in a single trade. Divide your capital in to albeit 10 equal part and trade with that trading capital.

Divide Your Trading Capital
This innovative trading method is called money management. If any trading follow this approach he will never run out of trading capital, no matter how badly he trade.

You open a trading account with a finite amount of capital with the capital you wish to take risks and make more money.

When you start to trade in the stock markets you should enter trades as if you expect to win on every trade. It is important to have confidence is the success of your trades if you don’t wish to take risks; you will never trade risky positions which have the greater potential for profits.

Realistically nobody can expect that each trade will turn in to a winner.

The stock market has many ways to make the trader to lose his money.

In the long term the real winner is the market itself. The individual traders have finite amount of money and view the stock markets in shorter times.

An undisciplined trade who trades even in bad situations traders and offer all his trading money to the market.

Individual trader have finite amount of trade capital. The stock market other and has infinite resources of money.

If your think of the trading game as one which you are trade against the market you may out from the market.

In short any trader can probably make some amount of Money from the market. But the trader can definitely lose all the money he has.

It makes some to limit his exposure to market losses.

The problem rests with how much exposure of trading amount the trade should risk.

Otherwise how much money is he willing to lose before he make profit.

The maximum to risk on any one trade is being recommended 10 percent. Anything more than that will affect the ability to survive in the market.

Therefore you must divide your risk capital into equal risk segments of 10 percent.