For first-year traders
What a first-year trader should know before using a trading strategy
If you opened your trading account in the last twelve months, you have probably seen charts covered in green and red arrows and wondered whether software can make the decisions for you. It cannot. A strategy indicator reads price with fixed rules and marks where those rules say buy, sell or exit. That helps only someone who knows what to do with the labels.
WizeBuySell sells eight TradingView strategies that plot on your own chart what to buy or sell, the strike and expiry for options, and where to exit. This page is our honest starting advice: what the labels mean, why to paper-trade first, which strategies are not a beginner's trade, and a slow first month. We would rather you start small and stay than start big and quit.
What a strategy label is, in plain words
A label is a mark on the chart that says: by this strategy's rules, it is time to buy, sell or exit. For options it also names the strike, and for the index strategies the expiry. Later labels show where to exit, at a target or at the stop-loss. The stop-loss is the price at which the idea is treated as wrong and you get out with a small loss.
Past labels stay on the chart. You can scroll back over the last month and see every entry and exit the strategy marked, including the ones that went wrong. Do that before you trade a single rupee.
A label is not a forecast and not a recommendation. The rules do not know about news, results or your bank balance. Some trades reach their target. Some go straight to the stop-loss. Nobody, including us, knows in advance which is which.
What the chart labels mean
Examples in the style each strategy uses. Strike and price figures are illustrative.
| Label you will see | Strategy | What it means |
|---|---|---|
| Buy CE 24300 (Same Week) | Nifty Options Buying | Buy the 24300 call of the current weekly expiry |
| Buy PE 59500 (Same Month) | Bank Nifty Options Swing | Buy the 59500 put of the current monthly expiry |
| Exit T1 | Nifty and Bank Nifty option buying | Exit the position at the first target |
| Sell 23800 PE / Buy 23700 PE (Hedge) | Nifty Hedged Positional Option Selling | Sell one put and buy a lower put as protection |
| BUY CE, Strike 290, ST confirm | F&O Buying in Shares | The stock's trend has confirmed; buy that call |
| EXIT CE 1/2 | F&O Buying in Shares | Book half the position; the rest is trailed |
| Long +100 | Shares Swing Trade | Buy the shares; the number is the quantity the chart marks |
| TP1 −50, TP2 −25, Trend Exit | Shares Swing Trade | Sell part at each target, and the rest when the trend turns |
Why paper trading comes first
Paper trading means writing down every label as if you had taken it, with the entry, the exit and the result, but placing no order. It costs nothing but attention. It shows you how often labels come, how long trades last, and how three stop-losses in a row feel before any money is involved.
It also shows whether you can keep up. On the 1-minute selling strategy, can you place an order before the next candle? On a swing strategy, will you remember to re-enter a stop-loss each morning? A week on paper answers that more honestly than a week of losses.
Why option selling without a hedge is not a beginner's trade
When you buy an option, the most you can lose is the premium. When you sell one without a hedge, the loss has no fixed limit: a sharp move or a gap can cost many times what you collected. Selling also needs margin. Two of our strategies are built around option selling, and one of them runs on a 1-minute chart that asks for quick, disciplined orders.
Even the hedged strategy, which buys a protective strike in the same signal, assumes you understand spreads, margin and expiry. Leave selling for later. WizeBuySell is not investment advice or a tip service, and we are not SEBI-registered. Never trade with borrowed money.
A first-month plan that keeps the tuition fee low
Every trader pays for lessons through losses. The aim of the first month is to make those lessons cheap.
- 01
Pick one strategy
One market, one timeframe. Shares Swing Trade is the easiest to size, because you can buy a single share. Do not take four strategies at once.
- 02
Read the past month before the trial starts
Once access appears, scroll back over the last month of labels. Count the stop-losses as well as the exits at a target.
- 03
Paper-trade the 7-day trial
The trial is ₹199 for one strategy and 7 days. Record every label as if you had taken it. Place no real trades yet.
- 04
Go live with the smallest size
One share in the cash segment is a real trade with real emotions. Stay there for twenty trades before adding size.
- 05
Journal every trade
Date, label, entry, exit, result, and one line on why you exited. Add a note whenever you broke a rule.
- 06
Review every weekend
Count the rule breaks, not the rupees. If most losses came from trades outside the plan, the fix is discipline, not a different strategy.
Position sizing in one rule
Decide how much you are willing to lose on one trade, in rupees, before you look at the chart. Divide that by the distance from entry to stop-loss. The answer is your quantity. Take an illustrative case: you will risk ₹500, SBIN is near ₹850 and the stop-loss is ₹20 away. That is 25 shares, not the 200 your account could buy.
For a bought option, assume the whole premium can go, and buy only what that loss allows. If one lot is already more than your limit, the trade is too big for your account today. Check the current lot size in the NSE circular, since it gets revised.
Four mistakes nearly every first-year trader makes
These are what a normal mind does when money is at stake. That is why they need rules written before the market opens, and not willpower while it is open.
There is a fifth: judging a strategy, or yourself, on five trades. Five trades prove nothing in either direction. If options tempt you, read our page for option buyers first; it explains why a correct direction call can still lose.
- Moving the stop-loss further away just this once, which turns a planned small loss into an unplanned large one
- Doubling the quantity after a loss to get back to even
- Taking every label on every chart, including in sideways markets where trades whipsaw
- Starting with option buying or selling because the premium looks small
Questions about Beginners
Can I start using a strategy if I know nothing about charts?
You can add it to a chart, but it will not help much yet. The strategy marks entries, exits and stop-losses; it assumes you can read a candle, place a stop-loss order and size a position. It does not teach these. Spend two or three weeks on the basics with your broker's learning material first.
How much money do I need to begin?
We do not give a figure, because it depends on the instrument and on your broker's margin rules, which change. In the cash segment you can buy a single share, which keeps early mistakes cheap. Whatever the amount, it should be money you can lose without affecting your household, and never borrowed.
Which strategy should a beginner start with?
One strategy, not several. Shares Swing Trade is the easiest to size, since you can buy as few shares as your risk allows and there is no expiry. If you are drawn to Nifty options, paper-trade Nifty Options Buying for a few weeks first. Keep option selling for later. The 7-day trial at ₹199 covers one strategy.
Will the strategy tell me when not to trade?
Only in the sense that no label means no trade by its rules. It does not know your daily loss limit, your mood or your account size. Knowing when to sit out is a skill you build from your own journal. A simple start: no trades once your loss limit is reached, and none outside your one strategy.
Is the ₹199 trial refundable if I change my mind?
No. We do not give refunds; the paid trial is the way to evaluate a strategy before a plan. It does not renew on its own either. When the 7 days end, access stops unless you choose a 1-month, 3-month or 1-year plan. A duplicate or wrong payment is still corrected, since that is a payment error.
Do beginners make money with trading strategies?
Some do and many do not, and the difference is rarely the strategy. It is position size, holding to the stop-loss and not overtrading. We publish no accuracy or profit figures and promise no income. Treat the first months as paid education, with the fee kept as low as you can manage.
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