Top 14 Useful Rules in Intraday Trading

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Below are some of the rules which are helpful in intraday trading:

1. Don't lose more than 10% of your capital on any trading day.
2. Don't risk more than 3-5% of your capital in one trade.
3. It's better to take a break from intraday trading if you are not feeling good (emotionally).
4. Always remember trading is just a probability game and not a prediction game.
5. It's impossible to catch all the excellent trade opportunities every day/time.
6. If you see the MTM profit screenshots of other traders, it will trouble your emotional balance. So follow your trade plan.
7. It's better to stick one trading system across different market conditions. Your learning curve will not improve if you keep on jumping from one strategy to another.
8. Avoid trading when you see a significant drawdown or when you get a few successive failed trades.
9. When you think you know everything in the market, the next day you lose big money.
10. If you lose money on any trade, then you have made a mistake. There is a lesson to learn (no matter what).
11. Your aim should be to make money in the market every day, not on other tasks like getting appreciation from others, getting more followers, etc.
12. There is no need to argue with anyone for any reason. You are right if you are making money in the market.
13. Profit in trading is inversely proportional to your ego.
14. Learn how to ride your profits. It is the most challenging task in trading.