This document provides tips for trading stocks safely and profitably by outlining 12 precautions traders should take, such as having a clear strategy, not overtrading, trading liquid stocks, knowing support and resistance levels, setting entry and exit prices, being prepared for losses, using stop losses, following market trends, and derisking profits.

1. Hello,
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You are aware of; Trading in stock market is risk carrying activity.
Hence, it must be done with proper precaution to get good profit.
You have to take following precautions
1. Have your strategy ready before you start trading
2. Do not open multiple positions.
3. Trade only in liquid and active stocks.
4. Know the resistance and support levels.
5. Know your entry & exit price levels; execute trades as per the plan/strategy.
6. Be mentally prepared to make a loss sometimes; even the best & experienced
traders do not make profits on all trades.
7. Never trade without a stop loss
8. Follow stop loss levels strictly.
9. Know the movement of global stock markets.
10. Keep an eye on the advance-decline ratio.
11. It is always safe to trade as per the trend of the market; i.e. buy when the markets are
going up and sell when the markets coming down.
12. Do not put all your profits back in trading, de risk your profits