Thursday, June 10, 2010

Simple day trading method -no need for chart

As we all know that there is no 100%
every one has some positive and negative points
I think's that's y this traderji is made where all the traders can share there
negative and postive points for trading specially for day trading
as we know in intraday trade its very difficult to make money
I subscribe various brokerages co. for intraday trading tips but find all false

NOTE : IF ANYONE KNOW THE METHOD FOR DAY TRADING THEN WHY HE
NEED TO SUBSCRIBE OTHER PEOPLES FOR GIVING TIPS HE MIGH BE BILLIONARE HIMSELF IN FEW DAYS DOING IT'S STRATEGY

OK I find a method which seems to be good for day traders it's here u can back test it or paper trade it

A SIMPLE DAY TRADING METHOD (NO CHART READING NO TECHNICAL ANALYSIS)

IDENTIFY FIVE STOCK (refer volatile stocks such as Educomp, Titan, Mc-Dowell, Rolta, DLF, RELINFRA)
1. ON TRADING DAY BUY STOCK WHEN STOCK BREAK'S PREVIOUS DAY HIGH PUT STOP LOSS @ 1% below
2. ON TRADING DAY SHORT SELL STOCK WHEN IT BREAKS IT';S PREVIOUS DAY LOW stop loss above 1%
3. FOR PROFIT TAKING BOOK PROFIT @50% of STOCK at 1% and rest leave for 2%
4. IF STOCK OPENS IN GAP THEN WAIT IT TO BREAKS ANOTHER WAY

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