To succeed in stock trading, the first and foremost rule is to be patient. One needs lots of patience and follow the market attentively so that they do not miss any chance of transforming your trade into profit. The thumb rule for successful trading is to apply the correct strategy according to the trend of the market. For beginners, intraday trading is big NO NO, as intraday trading could make a big loss to them. Traders must know how to choose the right stocks. Holding right stocks but executing trading at the wrong time also does not make any sense. Trading is game of correct timing. Traders must always make use of stop loss. To follow all these steps is a tough mechanism.
We are aware that the share market is volatile and there is no guarantee that an investor will make only profit/gains in his trades. Thus, you need to take help of advisory firms in order to generate accurate and free intraday trading tips.
Share markets are volatile in nature. They swing in both the directions. That is, they are highly unpredictable and uncertain. Sometimes the swing is very dramatic and sharp. One of the disadvantages of trading is seen when you follow your friends and family members. It is often seen that people purchase shares just because some friend or relative purchased it or have recommended it, that these stocks will give high returns because the company is coming out with extraordinary new or innovative product that will sweep the market. Even though this news may be true but it is not necessarily it is a next big thing, and you accumulate the shares in huge quantity.
Even you can see commercial TV channels beaming views expressed by share consultants that have recommended to buy/sell of a particular company. It may turn out that they are paid to break such a news so that prices rise / fall. And once you buy /sell share prices will fall/rise. A point here is you are not the only one watching that particular channel. There are thousands out there viewing the same channel as yours. They are nothing more than speculative talks.