There is no 100% successful day trading formula because market daily reacts to lots of external factors like American market, Asian market, European market, news announcement etc. So markets are beyond anybody’s control.
Golden Rules for day Trader to be Successful
1. First do paper trading and if you get success then start your actual day trading. If you don’t get success in paper trading then do not do day
trading, you will lose all your money.
2. Initially don’t use margin amount for day trading. Once you get lots of experience then you can use margin amount. Trade only with the money
available with you so that if the trade goes wrong you can take delivery of those stocks and sell later instead of bearing loss. This is only possible
if you have bought shares and not possible for short sell trade.
3. Don’t try to trade daily. If markets are very volatile then it is better to wait and watch instead of start trading immediately.
4. Trading without losses is not possible so try to reduce losses and increase profit so that at the end of the month you should be in profit.
5. Be in touch with news/events in the market. Most of the time it has been observed that News and Events affect the market.
So instead of trading blindly on any techniques it is highly recommended and advised to keep yourself in touch with the market news and updates.
Please note - There is no guarantee that following parameters and factors will work in all market conditions and will achieve targets so we advice to do Paper Trading Practice and gain experience and market knowledge before actual start trading with money.
Following strategy applies only for day trading (intraday trading)
There are four ways
1) If stock opens between R3 and S3
To Buy -
Wait for the price to go below S3 and then when it moves back above S3 then Buy.
Stoploss - Place Slightly below S4 level.
Target - See below this article to know how to set the target and book profit.
To Short Sell -
Wait for the price to go above R3 and then when the price moves down below R3 then Short Sell.
Stoploss - Place Slightly above R4.
Target - See below this article to know how to set the target and book profit.
2) If stock opens between R3 and R4
To Buy
When price moves above R4 then Buy.
Stoploss - Place Slightly below R3.
Target - See below this article to know how to set the target and book profit.
To Short Sell
When the price goes below R3 then Sell.
Stopless - Place Slightly above R4.
Target - See below this article - to know how to set the target and book profit.
3) If stock opens between S3 and S4
To Buy
When price moves above S3 then Buy.
Stoploss - Place slightly below S4.
Target - See below this article - to know how to set the target and book profit.
To Short Sell
When the price goes below S4 then Sell.
Stoploss - Place slightly above S3.
Target - See below this article - to know how to set the target and book profit.
4) Open price is outside the R4 and S4
Wait for the prices to come in range and trade accordingly as mentioned in above scenarios.
Now lets see the Target calculation
According our strategy we advice our traders to book low profits and do multiple traders because
markets are uncertain and beyond anybody’s control.
So if the stock price is till Rs100, trader can take 0.5 paise as profit per stock.
• If the Stock price is between Rs 100 to Rs 200, trader can take profit of 0.8 paisa to Rs 1.0.
• If the stock price is between Rs 200 to Rs 300, trader can take profit of Rs 1.0 to Rs 1.5
• If the stock price is between Rs 300 to 400 , trader can take profit of Rs 1.5 to Rs 2.0
• If the stock price is between Rs 400 to 500 , trader can take profit of Rs 2.0 to Rs 2.5
• If the stock price is between Rs 500 to 600 , trader can take profit of Rs 2.5 to Rs 3.0
• If the stock price is between Rs 600 to 700 , trader can take profit of Rs 3.0 to Rs 3.5
• If the stock price is between Rs 700 to 800 , trader can take profit of Rs 3.5 to Rs 4.0
so on it continues…..
Please note - Basically traders think this is very small profit but in day trading if you want to
get success then this type of booking profits assures you good returns at the end of the day.
To know how much profit can be generated using this technique please visit below link and you will
be surprised to see the profits.
We call this strategy as “Take small profits and do multiple trades”.
There are four ways
1) If stock opens between R3 and S3
To Buy -
Wait for the price to go below S3 and then when it moves back above S3 then Buy.
Stoploss - Place Slightly below S4 level.
Target - See below this article to know how to set the target and book profit.
To Short Sell -
Wait for the price to go above R3 and then when the price moves down below R3 then Short Sell.
Stoploss - Place Slightly above R4.
Target - See below this article to know how to set the target and book profit.
2) If stock opens between R3 and R4
To Buy
When price moves above R4 then Buy.
Stoploss - Place Slightly below R3.
Target - See below this article to know how to set the target and book profit.
To Short Sell
When the price goes below R3 then Sell.
Stopless - Place Slightly above R4.
Target - See below this article - to know how to set the target and book profit.
3) If stock opens between S3 and S4
To Buy
When price moves above S3 then Buy.
Stoploss - Place slightly below S4.
Target - See below this article - to know how to set the target and book profit.
To Short Sell
When the price goes below S4 then Sell.
Stoploss - Place slightly above S3.
Target - See below this article - to know how to set the target and book profit.
4) Open price is outside the R4 and S4
Wait for the prices to come in range and trade accordingly as mentioned in above scenarios.
Now lets see the Target calculation
According our strategy we advice our traders to book low profits and do multiple traders because
markets are uncertain and beyond anybody’s control.
So if the stock price is till Rs100, trader can take 0.5 paise as profit per stock.
• If the Stock price is between Rs 100 to Rs 200, trader can take profit of 0.8 paisa to Rs 1.0.
• If the stock price is between Rs 200 to Rs 300, trader can take profit of Rs 1.0 to Rs 1.5
• If the stock price is between Rs 300 to 400 , trader can take profit of Rs 1.5 to Rs 2.0
• If the stock price is between Rs 400 to 500 , trader can take profit of Rs 2.0 to Rs 2.5
• If the stock price is between Rs 500 to 600 , trader can take profit of Rs 2.5 to Rs 3.0
• If the stock price is between Rs 600 to 700 , trader can take profit of Rs 3.0 to Rs 3.5
• If the stock price is between Rs 700 to 800 , trader can take profit of Rs 3.5 to Rs 4.0
so on it continues…..
Please note - Basically traders think this is very small profit but in day trading if you want to
get success then this type of booking profits assures you good returns at the end of the day.
To know how much profit can be generated using this technique please visit below link and you will
be surprised to see the profits.
We call this strategy as “Take small profits and do multiple trades”.
No comments:
Post a Comment