11 important things for online stock trading

Approximately all exchanges are offering online trading facility To day online trading is passion, so many people doing online trading with out guidance and proper knowledge, and also they loosing money and Time  this points  make you  a better online trader  this points derived from my own experience from past 10years

 1)First  you have to maintain your broker/sub-broker  address and phone numbers with you.

 2) You should know about your trading terminal order punching, order book,(buy/sell order book, stop loss order )

 3)don't confuse similar pronunciation stock ticker(stock name)Ex-unitech-    ultratech,uniontech ,gvk-tajgvk  Grasim-gasim

 4) maintain different market watches for equity segment ,derivatives segmentOne of my client had buy future trade instead   of   equity stock

5) Don't share your stock market online trading passwords, usernames with other personsAnd don't  do  online  trade in internet café and public places(One of my client forget to logout his terminal in a café, he got loss $4000 in a single day)

 6) Don't follow rumors un-known persons phone calls,e-mails&sms. Some people maintaining    trading people database and they targeting to speculation and trap the people

 7) Avoid phone-trading (call trading)   with out observation of market. 

 8) Maintain stop loss order for high volatile stock, maintain stop loss when you are going to out of the trading screen one client made loss $600 at his lunch time 

 9) Avoid panic withdraw from trades

 10) Don't take over exposure form your money

 11) Money management is the heart of online trading, don't put your 100% capital in a single time or single trade, and maintain and prepare good portfolio  

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