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The don’ts of stock market trading from 5 top traders

While most new traders try to maximise their profit, pros try to minimise their risk with smart strategies and end up with smart gains. At the Face2Face Multi-Asset Trading Conclave organised by Elearnmarkets in Bangkok this week, a small group of top traders not only laid bare their top strategies but also taught newbies how to mint money in live market sessions. Experts also focused on how trading is not just about skills, luck and managing your money but also a mind game in which emotions often matter as much as intelligence.

Here’s are a few takeaways from the conclave:

Ashu Madan, MD, Services:

  • Herd never makes money in the market. It is the smart money that makes money.
  • You won’t make a loss if you invest in a bear market even if you don’t make money.
  • Stay away from mania themes like EV, renewables and new-age stocks.

Vishal Malkan, Trading Coach:

  • If you want to trade momentum, don’t trade in Nifty stocks.

Jitendder Singh, Trader:

  • A trader loses money because of his mind and not the market.

PR Sundar, Options Trader:

  • A degree from IIT or IIM doesn’t guarantee success in the stock market.

Vivek Bajaj, Co-founder, StockEdge

  • Don’t put money in a stock for 2-3 months if you do not understand the business. Add positions at every breakout point.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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