Profit Booking Strategy - How to Maximize PROFIT and Reduce Losses in Hindi One of the key and major reasons to book profits at regular interval (in Intraday Trading or Short term Trading or Swing Trading) is that stock markets are more volatile now. The investors can take advantage of this volatility to book profits and maximize their gains.
A Trader should always book partial profits specially when stock price is increasing.
Intraday trading is more interesting than Swing trading or Short term trading in the regular stock market. It is important, especially for beginners, to understand the basics of such trading to gain Profit and also how to avoid losses.
Before placing the buy order (or Sell Order), you must determine your entry level and target price as well, It is really a good practice. t is common for a trader’s psychology that always change after buying (or selling) the shares. As a result, we may sell even if the price sees a little increase. Due to this, you may lose the opportunity to take advantage of higher profits because of the price increase later.
Most day traders (or swing traders for that matter) suffer from basic emotions like fear or greed. It is important for traders to not only cut short their losses, but also to book their profits at time once the target price is reached. In case the trader thinks that the stock has a further possibility of rising in price, the stop loss trigger must be adjusted accordingly to match this expectation of profit.
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