Before explaining about minimize of losses, I would like to explain how to plan your trade. Here are some rules that I do prefer to follow.
- Follow maximum any 2 strategy for 1 month daily, like: Morning 5 minute candle breakout, Trendline breakout and retest, or 15 minute inside candle breakout or support resistance, Super Trend signals like this as per your choice.
- Before entry plan your SL based on spot price of any index and exit for sure, no re-entry till next 10 minutes.
- Take daily Maximum 2 trades in a day.
- After 1 trade completed, next trade give some break means take at least after 30 minutes or leave your chair for few minutes to avoid over trading.
- Also trade always same quantity, either Monday or Thursday.
- In index nifty or banknifty buy or sell within 100 points strike prices.
These points are actually helpful for me, if like it like and can follow me as well in telegram24