Learn importance of Discipline in life

Don’t Burnt you hand between 10.30 to 12.30 as low volume

and no trading zone.
Always use MIS Order….have a plan B ready if trade go against
you.
Analysis of every drawdown and gain should be done for future
improvements.
Trade selected Stock only
Trade for daily target (1500 consistent for 15 days than 30 days)
Include expenses in SL (Brokerage, taxes and slippage)
Avoid fear of missing trade (FOMO)
Don’t run behind the trade.
Let trade come to you.
Trade solidly when trend is clear…Increases Lot size …with
trailing stop losses.
Back test your strategy manually using excel, visually and make
observation in note book
Avoid revenge trading.
Keep monthly limit of losses
If three stop loss hit consecutively avoid trading for day….
If same happen for two days avoid trading for week… observe
only…
Write in journal how many days, you have followed your rules
and how many days you didn’t followed
Write down trade bias… but follow charts … trade as per charts
only
Market may change any time so accept it…
Avoid option and futures if risk reward and stop losses don’t
permit trade,you can trade in cash means equity
Prepare trading journal and note entry and exit and SL and risk
reward as per actual stop loss.
Don’t let run more than two trade simultaneously
Don’t carry any position over night.
Risk analysis for overnight position to be done
Trade as per your trade plan
Prefix=> entry, exit plan and daily losses
Don’t trade when you are busy in other work or can’t pay
attention to screen time.
Count each and every penny you lost and may lose.
Avoid Options Trading in Last 7 days due to Physical
settlements.
Remember whenever you are trading option about contract
size
For reliance 500*1400=7Lac. So in worst case scenario if you
can bear pain for money….
Always have stop loss in system not in mind