Trading Basics What are they?

Trading basics are simple things but if you ignore them you are bound to fail in your trading career.

To trade properly, you need basic education about stock markets.
You need capital,a trading plan giving rules for entry,exit,stoploss etc
money management rules how much to invest on each trade and how much loss to take on each trade
you need a stable mind desciplined to follow rules of the game with proper psychology free of dangerous emotions which force you to act on impulse.

I see it as a preparation for minimum 8 to 16 weeks.

First and second week
Study about markets,futures and option markets,technical analysis,methods used by experts in trading etc. Get yourself familiar with a software
get daily practice on the application,generating charts, analysing charts etc

Third and fourth week
learn more about fno markets contract margin expiry dates spotting trading opportunities etc.
study trading strategies learn to test the concepts
patterns,trendlines, concepts of daytrading,swing trading, buy and hold versus
get in get out , scale trading vs reverse scale trading, importance of breakout or pullback trading, concept of fibonacci retracements,dinapoli levels


Fifth and sixth week
Learn about paper trading stocks on daytrading and swing trading
back testing
portfolio management
mutual funds
opening online trading account
learn about brokers weakness and strengths
how to evaluate broker based on brokerage and service charges.

Seventh and eight weeks
observe markets apply software formulae study trading opportunities
evaluate systems
start trading small with 5 shares in any stock