Before you start your Trading journey by referring to our Research Alerts/Reports, we would like to inform you of some of the best Trading practices that one should follow for better Trading results.
As you are aware that the Stock market is uncertain and volatile in nature, we suggest a few,
Do’s & Don’ts as a general practice to follow, which are mentioned below: –
Do's -
- Always Use a Stop Loss: Place the stop loss in the trading terminal; don’t rely on a mental stop loss.
- Set a Target Order: Enter your profit target price into the system.
- Trade with a Portion of Your Capital: Never use your entire capital for a single trade.
- Focus on Capital Protection: Systematic trading can yield profits in the long term if your capital is safeguarded.
Don'ts -
- Avoid Full-Capital Trades: Don’t invest all your capital in one trade.
- Limit Leverage Use: Try to minimize trading with leverage to reduce risk.
Important Notices -
- Security: We at The Trading Legends will never ask for your D-mat/Trading account login ID or password. If someone does, deny the request immediately and inform us at our official email.
- Official Communication: All recommendations will be provided through our mobile application only. Please download it for updates and call us for customer support.
Example -
If you have a capital of ₹5 lakhs, invest only ₹50,000 in any single trade. Diversification minimizes the impact of any trade not going as planned, even if the stop loss is hit. This approach increases the probability of long-term profits and reduces the risk of capital loss.
We hope you will follow these practices in your trading and investing decisions.
Thank you.