Beginner’s Guide to the Stock Market

7- Step Process to a Successful journey in the Stock Market

Let’s get started!

7- Step Process

01 Arrange Capital

02 Open a Demat Account

03 Master the Basics first

04 Make Trading Plan

05 Backtesting

06 Flawless Execution

07 Trading Journal and Review

Arrange Capital

01

As a beginner, begin stock trading with smaller amounts of money that you can afford to lose in the stock market. Trade small while you’re learning.

Open a Demat Account

02

Arrow

Master the Basics first

03

To learn the complete basics of price action in the stock market you have to learn 4 things: 1. Support and     Resistance: 2. Trend lines 3. Candlestick Patterns 4. Volume

Trading Plan

04

“An idiot with a plan can beat a genius without a plan”. – Warren Buffett. SETUP: Entry Stop loss Target ( where to Exit) Re-entry rule ( If there is any) Pyramiding Position Sizing

Backtesting

05

Backtesting is only because of getting more confidence in the system. The best way to backtest any system is manually one by one chart, which covers all cycles of the market. Task: Practice this system on 40 charts.

Flawless Execution

06

Now you have got complete knowledge about the system and backtested. It’s time to implement that knowledge. “Financial education + Implementation = Results”

Trading Journal and Review

07

Why it’s important? A trading journal is one of the most effective tools for performance management. A journal can help you track progress as well as study mistakes made when entering or exiting a trade.

7- Step Process to a Successful journey in the Stock Market