Few Check Points Before Taking a Trade

1. First of all decide what time frame you want to trade in - Intraday/ Weekly/ Monthly
2. The answer to above may decide/ influence your decision to trade either in cash/ futures or options
3. Then decide what the larger trend is --- ie monthly/ weekly/ daily
4. Look where things stand as of now --- if they are overbought or oversold 
5. In uptrends look to buy the oversold conditions and vice versa
6. There will be movements adverse to the larger trend hence you need to be clear of your timeframe
7. Manage your risk most of all
8. You will do fine