When the market goes up, you should buy stocks. If negative, sell the stock. Taking a contrarian view of the market is never a good idea as it can backfire. For example, many people short stocks when the market is rising in anticipation of a fall. Such a reversal is unusual. Lets see some more free intraday trading tips for tomorrow
Set a stop loss immediately after buying the stock. This way, you can avoid big losses if the stock price moves against your expectations. Suppose you buy a stock at Rs. 600 in the hope that it will appreciate in value. However, we set a stop loss at Rs. 590 as a precaution. The 590 stop loss is triggered and the stock is sold with a loss of Rs. 10. You are also protected against future price reductions.
Source: https://researchmart.in/free-intraday-trading-tips-for-tomorrow/
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