People who start trading can’t understand the right time to trade for me. Most traders do the mistake and loss money after taking a trade at the wrong time. You need to understand where and when the right trading time comes. Trading is like an opportunity and you have to grab that at the perfect time. Most investors can’t take that opportunity and loss their money. That time most of them got depressed and looked for how to recover the loss from that.
If you are looking for this, then you have come to the right place. In this article, I will guide you on how you can decide on the right trading time.
The Right Time To Trade For Me
As you all know the Indian stock market opens at 9:15 am. and closes at 3:30 pm every day and remained closed every Saturday and Sunday, also on every bank holiday. The best trading time for intraday at the beginning time of the market opening.
People have wrong thinking that investing in stock markets always makes a loss and many people already so many losses, that’s true. But you need to understand many investors are making lots of money from the stock market. There are lots of examples like the great Warren Buffet and India’s big bull Rakesh Jhunjhunwala.
The stock market gives everyone the correct time for trading. If you can grab that then you can make money and if you can’t do so you will lose. So let’s know the common question’s answer “what is the right time to trade for me”.
I will give you some tips and you can follow that accordingly.
1. Capital
For trading, the most important thing is how much Capital you have. Beginners invest their maximum capital on their first trade, thinking that they will earn more profit from that. Also many investors invest the most money after any loss or do over trading, which is totally wrong. Always remember stock market is always away from our limit. So invest only that much of money which is extra money you have or some excessive money. Also invest only that much of money which you can afford if it lost.
2. Knowledge
Knowledge is the key factor for trading. If you do not have the proper knowledge of trading and how to do trade your loss potential will be automatically increased. Because investing in the stock market needs a lot of knowledge and if you want to invest here you have to gain that before investment. You can also take advice from any financial advisor.
3. Timing
Another important part is Timing. Finding the right trading time is most important. Most of the traders often do this mistake and take the trade at the wrong time. The market will give the right time and you have to be aware of it and take the trade at that time.
4. Don’t Trade on Over Confidence
Many beginners do trade on their overconfidence and that leads them to lose. Never trade over your little knowledge. Because trading is not like the MCQ in exams, so you can’t trade on the small idea basis. Before buy any stock make sure you have analyzed properly on the company and then buy it.
Never buy stocks in confusion. Always buy with full confidence and sell on confusion.
5. Take Your Time
Before taking any trade just take your time. If you are a beginner then you must follow this. Because as a beginner you need to understand the market and observe it first. After observing for a few weeks or months you can decide your trading times. So don’t be impatient and take your time.
If you face any loss then take your time and think about your mistakes and analyze them. Then take your next trade.
You may also like: How to predict the stock price for the next day?
6. Avoid Over Volatile Situation
The market is unpredictable. So always be care full. It can be volatile in any situation. Try to not take a trade in those situations to avoid loss. The best trading time is not in a volatile situation. In this situation wait and just observe it.
How to Do Trading
To buy or sell stocks or do intraday trading you should need a Demat account. The first thing, search for the best discount broker where you will open your Demat account. After choosing the right broker do all the procedures to open the account and then your account will be activated and then add funds. To open a Demat account click here.
My Opinion
We all know trading is the quickest way to earn a lot of money. But although you can lose your money too. So be care full before trading. Follow these tips before taking any trade.
Thank You for reading this article.
Wish you a happy and safe trading time which can give you profit.
If you have any query then contact us at: [email protected]
FAQs
1. When should you not trade?
You should noy trade when the market is volatile, you have insufficient capital or if you are over confident about your trade. Try to avoid these situations while taking any trade.
2. How do you know it’s the right time to trade?
You can see the market situation or if you are aiming to buy any stocks and the price falls then take the trade. Also when you have that much of extra money if you lose it and it will not impact on your economic condition.
3. Can I be rich by trading?
Yes, definitely you be rich if you do profitable trade and earn that profits regularly.
4. What is the best time for day trading?
If you want to do intraday or day trading then the best is to take the trade is between 9:15 am to 10:30 am. Although this is not applicable for all trades but this is a good time when you can take a position for day trading time.