If index is in minus then one should look to short stocks which are minus and not 
stocks which are in plus.

It is not necessary that a stock which is weak today during intraday trading 

might be weak tomorrow also, simultaneously if a stock is strong today might 
not be strong tomorrow

Being a contrarians is very important while trading intraday.

If index is in positive from yesterday and the share you are holding is in 

minus then it should be cut and if intraday trend of index is in buy then one 
should buy a stock in which is in plus.

If US Markets have gone up overnight, the markets here in all probability 

will open strong, so one should be quite careful when buying stocks as the
general psychology of public is to buy when good news is there.

Stop loss is a must while trading intraday.

Always trade in very liquid stocks i.e. which have very high volume because 

as entry and exit can be very fast in such stocks.

Keep your volume constant e.g.: if you trade in five lots of nifty future then 

trade in five lots only. This position can be increased only when you are satisfied 
with your trading for a month. It should not be that one day you buy five lots and 
next day you trade in ten lots and third day you get a loss and stop trading for two days.

Do paper trading before you actually start trading so that when you start 
making paper profits, then shift to actual trading.

Fear and Greed are at maximum levels while trading intraday so 

always have less position when you are new to intraday trading as otherwise 
you will be mostly under tension.

          DO :
Diversify - Diversification is must. Dont Buy All Stocks in 1 sector 
or 1 Group. Make sure you invest in various sectors. One Should 
Invest only 5%-10% in 1 Stock.
Invest through S.I.P. (Systematic Investment Plan) - Invest Small 
Capital every month, don’t Buy All in 1 go. Let Say one has to 
invest 1 lac. Invest 10,000 Every   Month For Next 10 Month in 
5-10 Various Good Fundamentally Companies. “Time is more important 
than Timing”
Trade & Invest Via Registered Companies with SEBI / Exchanges. 
Track your Investment & Watch your Contract Notes. Don’t 
Deal any Transaction with unregistered brokers/sub-brokers, intermediaries.
Always Follow Money management & Discipline in trading, Diversify, 
Avoid over Trading & Never Loose More than 3% Capital in 1 Trade. 
Let your profit run with Trailing Stop Losses. Even 40% Success will 
make decent profit over period of Time.
Do Trade with Trend as trend is only Friend. If Trend is not Clear, 
Wait. Sometime No Profit is Net Gain. Trading is a Smart Business 
not a stressful gambling. Trade to earn not to fulfill your addiction. 
“Patience is the key of Success” 
Always Plan before trading & investment. Trading without planning
is like taking a Journey without Destination. When you get into any 
trade, you must know when to book profit, average, get out. Always 
“Plan your trading and Follow unbiased consistently”
Do cut your losses quickly & keep running your profit. Never 
shy in booking loss. Accept Failure of being wrong and search 
for another trade. Never trade as per ego and emotions. Cutting loss 
is important to sustain in market for long term.
Follow proper Strategy. If you plan to invest in a particular stock 
for 1 month. Buy and hold. Don’t exit early if going on expected line.
Do Trade/Invest in fundamentally Liquid stock only. Avoid Penny 
& small caps with no or little fundamentals. If you heard some big 
news in that specific stock, and will go sky high then there is high 
chance that you are last person who heard that. You might buy when 
some big fat cats will exit and book profit and you will left with 
nothing but junk stocks in losses for long time.
Always Be Invested, Never panic in Crash. If stock is fundamentally
stock and has great future. Be invested and Average on S.I.P. Manner. 
In Short term, Fundamental may not work, but over period of long term,
it does works. “Crash is always good for Value Investment”. Don’t exit in Panic. 
If you exit in Panic, you exit at very cheap.
Don’t ignore other Expenses, when you trade, you will have to pay 
brokerage fees, Securities Transaction Tax, Telephone, Electricity and 
Internet bill. This could decrease your profit if you are trading for very small gain.
Don’t Follow Crowd, Rumors, and Speculation. Common Sense is not 
so common in market. Only Follow Market Trend. If market is rising 
and everyone is saying Sell, Then BUY and Vice-Verse. Always 
Remember market is Supreme and it goes in own way irrespective of any reason.
Trade & Invest Via Registered Companies with SEBI / Exchanges. 
Track your Investment & Watch your Contract Notes. Don’t 
Deal any Transaction with unregistered brokers/sub-brokers, intermediaries.
For Trading, Don’t Sell in rising market & Don’t Buy in Falling Market. 
Avoid Searching Tops & bottoms. Finding Tops & bottoms is like 
measuring horizon of Sky. Search Entry & Exit Level only. For 
Investment buy every Month in good fundamentally stocks.
Don’t put all important money in trading. Only Trade with those 
money which you are ready to loose and that money should 
not affect your life in any way. There is no “Guarantee Profit” in 
Capital/Equity/Stock market.
Don’t Always Chase performance. Past performance is not the 
criteria for future success. Market is Dynamic and it changes more 
often than weather in London. “ if Past performance is all what to do,
All librarians would be most richest one”
Don’t make big Investment. Buy fundamentally good stocks in staggered 
manner, but don’t put all your money in 1 basket. Put some money 
in Debt instrument for urgent requirement. One should not to more 
than 80% in Equity. Insurance & Debt/Fixed Income also plays 
important role in Asset-Allocation as per individual risk Appetite.
Don’t be emotional & sentimental. Market doesn’t 
have heart. Market can Rise / Fall Irrespective of News
/Fundamentals/technical’s. Only believe Price not what your 
heart and intuitions say. Never be biased towards a particular stock. 
If Boat is sinking, don’t pray to God, Just Jump.
Don’t Blindly Follow News, Media reports, Information and Corporate 
Development, It may be Speculation without any fact. Market 
generally Discounts early, So Avoid Common Announcement and Information.
Don’t do Lots of margin Trading. Margin Trading only helps brokerage 
companies to earn. Trade with what you have. Losses are also in 
Multiple in margin Trading. You may earn some money with margin 
trading, but one big correction makes all profit in losses. Cash Trader 
must not loose more than 2%-3% capital in 1 Trade and Derivatives
(F&O) traders must not loose 4%-5% in Single Trade.