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
Showing posts with label Day Trading. Show all posts
Showing posts with label Day Trading. Show all posts
Thursday, June 10, 2010
1st Hour Breakout Strategy profitable
This is a very good profitable day trading strategy i am following for Tata Motors. It could work with other stocks as well as long as its a good momentum stock.
Entry Note down day hi, lo at 10:00 AM, go long on breakout of high or go short on breakout of low. I dont use any buffer. I place orders blindly. i dont wait for a pullback. I place orders on both sides (some brokers may not accept this). I cancel the other leg if one leg is triggered. I dont trade this on both sides on same day. only one trade per day. thats all !!! so simple !!!
Stoploss. Never open a trade without a stoploss. In this case its the other side hi/lo. For example, if you entered long, then SL is low of the first hour candle. similarly for short, its high of 1st hour candle. again i dont use any buffer. but you can chose some buffer for your comfort
Take Profit. This is the tough part. I am not a big fan of trailing stoplosses. Lot of times it eats into your profits. ofcourse sometimes you could lose a big move. For me a fixed TP is preferable. Its 75% of the 1st hour range (high-low). Why 75% , why not 100% or 50%. you could chose any number you are comfortable with. Again this is a function of how large is the range. if its a trending day (i wish i knew this at 10:00 AM ), you can go for a larger profit. with 75%, RRR is less than 1:1, but the hit rate is good, so i am comfortable with this
Backtesting Frankly speeking i dont have tools to do this. i have the data. but need a afl which could do this. but i am following this for last 1 month and very very rarely i end up on losses. every week is profitable so far. pl paper trade for some days before you follow this
Why this will work. Market tries to settle down in first 1 hour. then look for the direction. so we go in the same direction as breakout
No trade If the 1st hour bar is too large. any thing above 12 rs is no trade for me
Example
Mar 5 2010
At 10:00 AM , day high = 814.8 low = 809, so range is = 5.8 , placed buy order at 814.8 and sell order at 809 , sell order got filled at 10:13 AM , take profit for this is 75% of range = 809 - 4.35 = 804.65 , stoploss is high at 10:00 AM = 814.8 . Result = take profit hit at 10:18 AM. this is a very very good trade, that lasted just 5 min, but every day wont be like this. if i havent taken profit at 75%, instead waited till close, i would have gained 15 rs instead of 4.35 rs. but i prefer fixed targets
Entry Note down day hi, lo at 10:00 AM, go long on breakout of high or go short on breakout of low. I dont use any buffer. I place orders blindly. i dont wait for a pullback. I place orders on both sides (some brokers may not accept this). I cancel the other leg if one leg is triggered. I dont trade this on both sides on same day. only one trade per day. thats all !!! so simple !!!
Stoploss. Never open a trade without a stoploss. In this case its the other side hi/lo. For example, if you entered long, then SL is low of the first hour candle. similarly for short, its high of 1st hour candle. again i dont use any buffer. but you can chose some buffer for your comfort
Take Profit. This is the tough part. I am not a big fan of trailing stoplosses. Lot of times it eats into your profits. ofcourse sometimes you could lose a big move. For me a fixed TP is preferable. Its 75% of the 1st hour range (high-low). Why 75% , why not 100% or 50%. you could chose any number you are comfortable with. Again this is a function of how large is the range. if its a trending day (i wish i knew this at 10:00 AM ), you can go for a larger profit. with 75%, RRR is less than 1:1, but the hit rate is good, so i am comfortable with this
Backtesting Frankly speeking i dont have tools to do this. i have the data. but need a afl which could do this. but i am following this for last 1 month and very very rarely i end up on losses. every week is profitable so far. pl paper trade for some days before you follow this
Why this will work. Market tries to settle down in first 1 hour. then look for the direction. so we go in the same direction as breakout
No trade If the 1st hour bar is too large. any thing above 12 rs is no trade for me
Example
Mar 5 2010
At 10:00 AM , day high = 814.8 low = 809, so range is = 5.8 , placed buy order at 814.8 and sell order at 809 , sell order got filled at 10:13 AM , take profit for this is 75% of range = 809 - 4.35 = 804.65 , stoploss is high at 10:00 AM = 814.8 . Result = take profit hit at 10:18 AM. this is a very very good trade, that lasted just 5 min, but every day wont be like this. if i havent taken profit at 75%, instead waited till close, i would have gained 15 rs instead of 4.35 rs. but i prefer fixed targets
Day Trading Simulator for newbies
all Novice and learning traders,
Here is the link for a Cute Day Trading Simulator with $50,000 demo a/c.
All you need is to just register with your email id and password.
Registration is free and its free from any promos.
Trade as & when you have free time.
Acquire a good experience in shortest possible time.
tradingsim.com
Happy learning Trading experience.
also try sharebazaar game from rediff
& sharebaazi from economic times
Here is the link for a Cute Day Trading Simulator with $50,000 demo a/c.
All you need is to just register with your email id and password.
Registration is free and its free from any promos.
Trade as & when you have free time.
Acquire a good experience in shortest possible time.
tradingsim.com
Happy learning Trading experience.
also try sharebazaar game from rediff
& sharebaazi from economic times
Secrets Revealed About Day Trading
There are so many secrets (if you call them so) to day trading, it’s hard to keep track of them all.
Secret 1 – What You Do When the Market is Closed Matters Most
Sure, it’s great to be able to interpret data at lightning speeds, spot valid trades within seconds, and execute them flawlessly, but without proper preparation, you will never find those opportunities. Proper preparation includes spending up to an hour before the market opens sifting through market scanners, reading news feeds, and watching pre-market trading. It also includes some time after the market closes evaluating your trading for the day and keeping an eye on the after-market action. Without this you will fail.
Secret 2 – Less is More
You’re not going to believe this one until you try it all for yourself, but the less help you use, the more money you will make. It is about the monitors, and the indicators, and the distractions like chat rooms where you think you’re getting some super trading tips. You will eventually find that you can trade using just one monitor, maybe even a laptop… from the patio. You will eventually realize that all indicators are just interpreting the same basic information and you’ll find the ones that work best for your trading style. And you will eventually realize that your trading style is unlike anyone else’s and trying to follow chat room traders is a futile effort.
Secret 3 – The Price action is Your Best Friend.
Some people are good enough that they can trade using the price action (or time/sales) window alone. Many are not that good at it. It gives you every trade in real time, and every indicator is merely a step or two away from this direct line of information. Even trusty charts aren’t so clear as the picture painted by the price action. Consider price action and a stock chart and its time/sales and you are a happy trader.
And now for the…
Ultimate Day Trading Secret – There are no Day Trading Secrets.
It’s not like day traders sit around and come up with day trading secrets that will make them millions. All the information to become a successful day trader is readily available. The problem is that most people simply want some easy system to make a lot of money, so I guess the big secret of day trading is that this actually takes a lot of work. That is why more people fail; because most people are lazy. The only people who try to pursuade you that day trading is easy are marketers trying to sell you some new propriatary trading system, indicator, trading robot, or eBook. These are also the same people who want you to believe that there is a such thing as day trading secrets. They are praying on the typical lazy humans who simply want to make a quick buck. The ironic thing, though, is that the only people making a buck are the people selling day trading secrets while those who are searching for them are simply wasting money.
Message is very clear and loud. Just donot waste your money in search of Holy Grails, tips, system. Work hard and become a successful day trader.
Secret 1 – What You Do When the Market is Closed Matters Most
Sure, it’s great to be able to interpret data at lightning speeds, spot valid trades within seconds, and execute them flawlessly, but without proper preparation, you will never find those opportunities. Proper preparation includes spending up to an hour before the market opens sifting through market scanners, reading news feeds, and watching pre-market trading. It also includes some time after the market closes evaluating your trading for the day and keeping an eye on the after-market action. Without this you will fail.
Secret 2 – Less is More
You’re not going to believe this one until you try it all for yourself, but the less help you use, the more money you will make. It is about the monitors, and the indicators, and the distractions like chat rooms where you think you’re getting some super trading tips. You will eventually find that you can trade using just one monitor, maybe even a laptop… from the patio. You will eventually realize that all indicators are just interpreting the same basic information and you’ll find the ones that work best for your trading style. And you will eventually realize that your trading style is unlike anyone else’s and trying to follow chat room traders is a futile effort.
Secret 3 – The Price action is Your Best Friend.
Some people are good enough that they can trade using the price action (or time/sales) window alone. Many are not that good at it. It gives you every trade in real time, and every indicator is merely a step or two away from this direct line of information. Even trusty charts aren’t so clear as the picture painted by the price action. Consider price action and a stock chart and its time/sales and you are a happy trader.
And now for the…
Ultimate Day Trading Secret – There are no Day Trading Secrets.
It’s not like day traders sit around and come up with day trading secrets that will make them millions. All the information to become a successful day trader is readily available. The problem is that most people simply want some easy system to make a lot of money, so I guess the big secret of day trading is that this actually takes a lot of work. That is why more people fail; because most people are lazy. The only people who try to pursuade you that day trading is easy are marketers trying to sell you some new propriatary trading system, indicator, trading robot, or eBook. These are also the same people who want you to believe that there is a such thing as day trading secrets. They are praying on the typical lazy humans who simply want to make a quick buck. The ironic thing, though, is that the only people making a buck are the people selling day trading secrets while those who are searching for them are simply wasting money.
Message is very clear and loud. Just donot waste your money in search of Holy Grails, tips, system. Work hard and become a successful day trader.
Bhav copy of bse and nse
Bhavcopy is the file which contains all the information about various scrips being traded on exchange.
There are different bhavcopy for different types of exchange and market.
In NSE, there is different bhavcopy for Quities, FNO, Commodties, etc.
Similarly, In BSE, the bhavcopy contains prices of various scrips on any particular day.
There are different bhavcopy for different types of exchange and market.
In NSE, there is different bhavcopy for Quities, FNO, Commodties, etc.
Similarly, In BSE, the bhavcopy contains prices of various scrips on any particular day.
Volatility Based Intraday Trading
How to use this calculator
1. To use this calculator you need the previous day closing price and current day's prices.
Apart from this you also need the volatility value for any stock. You get this value from nseindia.com click to see
This calculator can be used at anytime after 30 mins (9:30 am) during the day. Ideal time is 9:30 - 11:30 am
2. Now let us see how to use this calculator. Lets say i want to find the values for Nifty Futures for today at 11:15 am.
3. I will first see the close price of Nifty Futures for previous day. (Close price is 4751)
4. To Find the volatility, i open the Get Quote for Nifty Future on nseindia.com. At the bottom, i see the volatilty at 1.33
5. After entering the Closing Price, volatility as seen in nseindia.com, i enter current days high and low and ltp prices.
6. I calculate the levels using the button.
7. I get the message as
Buy at / above 4796 for following Target and stoploss
Target 1 : 4813.63 Target 2 : 4829.45 Target 3 : 4845.26 Target 4 : 4876.9 Target 5 : 4892.71
Stoploss : 4782
8. The Nifty Futures made a high of 4849. Target 1, Target 2 and Target 3 were achieved.
Note: The above calculations are just an indication / suggestion based on volatility. You may include other indicators as well to confirm the prices.
How this system works
This system works on the principle of volatility. Now you might be thinking what this volatility is and how it can help us in intraday trading. Volatility means "The relative rate at which the price of a security moves up and down". Based on volatility, we can find the possible price fluctuation of any scrip. Lets say the volatility of RELIANCE is 2.33 at any point of time. Now, i want to know where will the price be moving based on volatility. To know this i take into account the closing price of that particular scrip for the previous day. So lets say i have closing price at 1000 and volatility is 2.33. So possibility of Reliance fluctuating is 2.33% of 1000 = 23.3. Now main question arises is how to trade based on this values. For trading, we note down the LTP of RELIANCE on next day. We generally take into account the LTP price of RELIANCE around 1-2 hrs after market open. Say , i have noted down the LTP as 1008. And the high and low of RELIANCE for today is 1015 and 1002. I take the midpoint of 1015 and 1008. I get 1011.5. My LTP is below midPoint. So, the chances of price of RELIANCE going in downward direction is more. But, how do we decide the target?. Since LTP is below midpoint, and our fluctuating price is 23.3, the possible downside is 1015 - 23.3 = 991.7. Based on this values, we go short below midpoint(1011.5) for a target of 991.7 and stoploss as high of day(1015). There are few more complex calculation involved in above calculator but underlying idea remains that mentioned here.
1. To use this calculator you need the previous day closing price and current day's prices.
Apart from this you also need the volatility value for any stock. You get this value from nseindia.com click to see
This calculator can be used at anytime after 30 mins (9:30 am) during the day. Ideal time is 9:30 - 11:30 am
2. Now let us see how to use this calculator. Lets say i want to find the values for Nifty Futures for today at 11:15 am.
3. I will first see the close price of Nifty Futures for previous day. (Close price is 4751)
4. To Find the volatility, i open the Get Quote for Nifty Future on nseindia.com. At the bottom, i see the volatilty at 1.33
5. After entering the Closing Price, volatility as seen in nseindia.com, i enter current days high and low and ltp prices.
6. I calculate the levels using the button.
7. I get the message as
Buy at / above 4796 for following Target and stoploss
Target 1 : 4813.63 Target 2 : 4829.45 Target 3 : 4845.26 Target 4 : 4876.9 Target 5 : 4892.71
Stoploss : 4782
8. The Nifty Futures made a high of 4849. Target 1, Target 2 and Target 3 were achieved.
Note: The above calculations are just an indication / suggestion based on volatility. You may include other indicators as well to confirm the prices.
How this system works
This system works on the principle of volatility. Now you might be thinking what this volatility is and how it can help us in intraday trading. Volatility means "The relative rate at which the price of a security moves up and down". Based on volatility, we can find the possible price fluctuation of any scrip. Lets say the volatility of RELIANCE is 2.33 at any point of time. Now, i want to know where will the price be moving based on volatility. To know this i take into account the closing price of that particular scrip for the previous day. So lets say i have closing price at 1000 and volatility is 2.33. So possibility of Reliance fluctuating is 2.33% of 1000 = 23.3. Now main question arises is how to trade based on this values. For trading, we note down the LTP of RELIANCE on next day. We generally take into account the LTP price of RELIANCE around 1-2 hrs after market open. Say , i have noted down the LTP as 1008. And the high and low of RELIANCE for today is 1015 and 1002. I take the midpoint of 1015 and 1008. I get 1011.5. My LTP is below midPoint. So, the chances of price of RELIANCE going in downward direction is more. But, how do we decide the target?. Since LTP is below midpoint, and our fluctuating price is 23.3, the possible downside is 1015 - 23.3 = 991.7. Based on this values, we go short below midpoint(1011.5) for a target of 991.7 and stoploss as high of day(1015). There are few more complex calculation involved in above calculator but underlying idea remains that mentioned here.
One simple strategy
O T P D without Indicators.
It is based on simple strategy based on volatility.
Average Range of Scrip for 14 days is taken into consideration. A range is arrived.
If the scrip moves even 50% of Average range we are likely to hit the target n make profit.
Select your favourite stock. Fill up the excel sheet as per instructions. Arrive at Buy and Buy Target and Sell and Sell Target.
Price ideally should open between Buy and Sell price.
Our bet is that if the price opens between Buy and Sell Prices, it is locked in 20% of the Average Range. Even a 50% shake out of the Range will knock our Buy target or Sell target. Though it looks similar to breakout strategy, i visualise it as blow out.
Thatz the reason, i am insisting on One Trade Per Day.
Variation can be added to the setup as follows.
1.On Gap Up or Gap Down days, instead of close, consider open to arrive at Buy or Sell.
2. For those who are interested to catch, the trending markets, just lock in as free trade.
3.My stop loss is opposite order. Though it looks at higher side, I feel comfortable keeping it like that. You can tweak it as per your comfort.
4. When Stop Loss hits, we should reverse the trade by doubling our quanitity. If second trade also hits SL, then it would be wiser to pack up for the day. Start next day, with a positive hope.
For rule 3 and 4, a variation is by increasing target price.
5. Be quick enough to place orders when the market opens.
6. Since it is not taking into consideration any analysis except figures, I would suggest those who are interested in this setup, to backtest it on your favourite stocks and to papertrade for atleast 5 to 10 trading days. This effort is a must.
Average Range of Scrip for 14 days is taken into consideration. A range is arrived.
If the scrip moves even 50% of Average range we are likely to hit the target n make profit.
Select your favourite stock. Fill up the excel sheet as per instructions. Arrive at Buy and Buy Target and Sell and Sell Target.
Price ideally should open between Buy and Sell price.
Our bet is that if the price opens between Buy and Sell Prices, it is locked in 20% of the Average Range. Even a 50% shake out of the Range will knock our Buy target or Sell target. Though it looks similar to breakout strategy, i visualise it as blow out.
Thatz the reason, i am insisting on One Trade Per Day.
Variation can be added to the setup as follows.
1.On Gap Up or Gap Down days, instead of close, consider open to arrive at Buy or Sell.
2. For those who are interested to catch, the trending markets, just lock in as free trade.
3.My stop loss is opposite order. Though it looks at higher side, I feel comfortable keeping it like that. You can tweak it as per your comfort.
4. When Stop Loss hits, we should reverse the trade by doubling our quanitity. If second trade also hits SL, then it would be wiser to pack up for the day. Start next day, with a positive hope.
For rule 3 and 4, a variation is by increasing target price.
5. Be quick enough to place orders when the market opens.
6. Since it is not taking into consideration any analysis except figures, I would suggest those who are interested in this setup, to backtest it on your favourite stocks and to papertrade for atleast 5 to 10 trading days. This effort is a must.
Important Tips for Intra day traders To Remember
1. Please do not enter your trade order in range bound or trading market means if there is no move then keep safe your money for next opportunity .
2. Please do not miss the chance ...If you are confirmed that market is moving upward go long immediately and if market is going down ward then go short and you will definitely get the chance to get a good return .
3. Make sure you are using strict stoploss whether it is mental or mechanical but it must be there and mine suggestion is use mental stoploss written on the paper and if price trades below your stop loss order for more than 5 minutes when you are long in trade than please exercise it but please remember that if price again moves to your entry buy price level then you must buy it for same targets .
4. So in short trades if price trades for more than 10 % above your mental stop loss order then please square off your position and closely watch the price and place the sell order for same trigger price at which you ware shorted initially .
5. Remember that to lift the prices up some additional force or pressure is required but when price falls , it will fall by its own weight means down trending markets will give you more and more gains in compare to up trending markets .
6. you must learn some basic technical indicators if you are really interested in day trading .
7. If your trade is going south ward then exit from it ASAP because sailing in sinking boat is harmful for the sailor .
8. please do not add to loosing position to average the cost just exit and accept the loss .
9. If you lost 10 out of 100 trades then no harm you are still winner on 80 % trades.
10. Always use trailing stop loss to protect your profits .
11. If you are confident about the market and scrip trend then use the margin trade to boost your return.
12. Always trade in the scrip which is following market direction means if market is in uptrend then trade in up trending scrips and if market is bearish then trade in down trending scrips.
13. Please never enter in the stocks which are having low volumes otherwise you will be trapped and wont be able to escape from that easily.
14. Please do not roll over your intra day trades to delivery trades thinking that your loss would come down in next session it may convert to huge one too.
15. Opt for intraday trades if you like sound sleep and healthy and tension free life .
16. please follow the trends as there is a saying n market that trend is your friend.
17. Please develop your own trading plan as per your personality and mental attitude plus life style and improve it by trial and error method.
18. Place orders in lightning speed but with accuracy otherwise your single mistake will turn your joy into sorrow and you might have experienced it at least once in your life where you placed wrong order means sold the stuff in a hurry where you wanted to buy it and like that.
2. Please do not miss the chance ...If you are confirmed that market is moving upward go long immediately and if market is going down ward then go short and you will definitely get the chance to get a good return .
3. Make sure you are using strict stoploss whether it is mental or mechanical but it must be there and mine suggestion is use mental stoploss written on the paper and if price trades below your stop loss order for more than 5 minutes when you are long in trade than please exercise it but please remember that if price again moves to your entry buy price level then you must buy it for same targets .
4. So in short trades if price trades for more than 10 % above your mental stop loss order then please square off your position and closely watch the price and place the sell order for same trigger price at which you ware shorted initially .
5. Remember that to lift the prices up some additional force or pressure is required but when price falls , it will fall by its own weight means down trending markets will give you more and more gains in compare to up trending markets .
6. you must learn some basic technical indicators if you are really interested in day trading .
7. If your trade is going south ward then exit from it ASAP because sailing in sinking boat is harmful for the sailor .
8. please do not add to loosing position to average the cost just exit and accept the loss .
9. If you lost 10 out of 100 trades then no harm you are still winner on 80 % trades.
10. Always use trailing stop loss to protect your profits .
11. If you are confident about the market and scrip trend then use the margin trade to boost your return.
12. Always trade in the scrip which is following market direction means if market is in uptrend then trade in up trending scrips and if market is bearish then trade in down trending scrips.
13. Please never enter in the stocks which are having low volumes otherwise you will be trapped and wont be able to escape from that easily.
14. Please do not roll over your intra day trades to delivery trades thinking that your loss would come down in next session it may convert to huge one too.
15. Opt for intraday trades if you like sound sleep and healthy and tension free life .
16. please follow the trends as there is a saying n market that trend is your friend.
17. Please develop your own trading plan as per your personality and mental attitude plus life style and improve it by trial and error method.
18. Place orders in lightning speed but with accuracy otherwise your single mistake will turn your joy into sorrow and you might have experienced it at least once in your life where you placed wrong order means sold the stuff in a hurry where you wanted to buy it and like that.
Simplest intraday ORB strategy for NIFTY india
Place the following orders at 10:00 AM
- SL Buy at the high of the day, and SL Sell at the low of the day
- When any of the above SL is hit, cancel the other SL
- Square-off at market price at the end of the day, during the last 5 minutes.
- SL Buy at the high of the day, and SL Sell at the low of the day
- When any of the above SL is hit, cancel the other SL
- Square-off at market price at the end of the day, during the last 5 minutes.
Have u Heard Of Supersonic Way Of Trading
SUPERSONIC INTRADAY TRADING
The term SUPERSONIC refers to speed. Intraday trading demands decisions with supersonic speeds. Certain personalities absorb speed with much ease and come out with colourful results. Speed decision making is certainly an advantage to those who are capable of handling lightening speed decisions.
How about the people who are less capable when it comes to speed. Should they be left out for their own without the advantages of speed decisions. Here comes the "supersonic intraday trading" strategy to their rescue.
I would like to caution that this strategy results in profits or losses with lightening speed. Try this only when you are capable of withstanding such bulging or depleting trading account. I also caution those who are with heart ailments, tensions etc to skip this strategy right away.
Preliminary
Buy low and Sell High...Book profits. That's it.
Just kidding....
I presume that the concepts of stop loss, trailing stop loss, profit targets need no further explanations. This strategy strictly follows these concepts hence no doubts should exist about these.
Its based on randamisation i.e. price moves up/down for reasons unknown.
Plot MACD indicator to guage trend changes. Crossovers help to catch the trends. (MACD crossover is discussed in the following link http://www.traderji.com/day-trading/...indicator.html). The use of MACD is just an added advantage but not consider it as compulsion. Alternatively, plot 3 and 15 period SMA, take longs when 3 SMA crosses up above, 15 SMA and go short for reverse.
As in any strategy, our first step would be either to go LONG or SHORT a scrip. So, select a script. Go LONG or SHORT. For convenience, let us say we have gone LONG.
Profit Targets
Fix your profit target @ 0.55%. Round off to nearest tradable price which should be away from the traded price.
Stop Losses/Trailing Stop Losses
Fix your Stop Loss @ 0.27% (If the trade is in profit, a trailing stop loss @ 0.27%) Round off to nearest tradable price which should be towards the traded price.
Position Sizing
Start with a lot consisting of 10/20/30/50/100/500/1000 scrips. (As per your convenience).
Pyramidizing
Add 50% of the original position when profit target is hits. If Profit Target gets hit consequitively 3 times, Add 100% of the original position.
Risk/Money Management
The strategy is inbuilt of risk/money management.
Execution of Strategy
The term SUPERSONIC refers to speed. Intraday trading demands decisions with supersonic speeds. Certain personalities absorb speed with much ease and come out with colourful results. Speed decision making is certainly an advantage to those who are capable of handling lightening speed decisions.
How about the people who are less capable when it comes to speed. Should they be left out for their own without the advantages of speed decisions. Here comes the "supersonic intraday trading" strategy to their rescue.
I would like to caution that this strategy results in profits or losses with lightening speed. Try this only when you are capable of withstanding such bulging or depleting trading account. I also caution those who are with heart ailments, tensions etc to skip this strategy right away.
Preliminary
Buy low and Sell High...Book profits. That's it.
Just kidding....
I presume that the concepts of stop loss, trailing stop loss, profit targets need no further explanations. This strategy strictly follows these concepts hence no doubts should exist about these.
Its based on randamisation i.e. price moves up/down for reasons unknown.
Plot MACD indicator to guage trend changes. Crossovers help to catch the trends. (MACD crossover is discussed in the following link http://www.traderji.com/day-trading/...indicator.html). The use of MACD is just an added advantage but not consider it as compulsion. Alternatively, plot 3 and 15 period SMA, take longs when 3 SMA crosses up above, 15 SMA and go short for reverse.
As in any strategy, our first step would be either to go LONG or SHORT a scrip. So, select a script. Go LONG or SHORT. For convenience, let us say we have gone LONG.
Profit Targets
Fix your profit target @ 0.55%. Round off to nearest tradable price which should be away from the traded price.
Stop Losses/Trailing Stop Losses
Fix your Stop Loss @ 0.27% (If the trade is in profit, a trailing stop loss @ 0.27%) Round off to nearest tradable price which should be towards the traded price.
Position Sizing
Start with a lot consisting of 10/20/30/50/100/500/1000 scrips. (As per your convenience).
Pyramidizing
Add 50% of the original position when profit target is hits. If Profit Target gets hit consequitively 3 times, Add 100% of the original position.
Risk/Money Management
The strategy is inbuilt of risk/money management.
Execution of Strategy
Mark Cook Reveals His Rules For Day-trading
Trader Mark Cook Reveals His Rules For Day-trading
by Jim Wyckoff
A day trader is a cross between an extrovert and an introvert, with both characteristics in balance, according to Mark Cook, a veteran trader from East Sparta, Ohio.
“The introvert aspect is depicted by the disciplined workaholic with a reclusive concentration. The extrovert aspect is depicted by an aggressive, competitive, self-motivated individual striving to be the best in a selective profession,” said Cook.
Cook won the 1992 U.S. Investment Championship with a 563% return on his money. He is a featured speaker at the Telerate Seminars Technical Analysis Group (TAG 20) conference held here this weekend.
Each trading day, “I am a creature of habit, going through a daily ritual before the markets open. I outline in detail all three possible scenarios for that day: up, down or sideways. I assign a probability to that scenario and make a written strategy plan, which has been incorporated into a trading fax service that is devoted to teaching people how to trade. Thus, a disciplined trading plan is imposed on me.”
Every day trader must be “flexible, alert and feisty,” said Cook. The flexibility must be used to shift from being long to being short “literally within seconds.” The alertness is used for observing price movements that are an aberration from the norm, he said. “Feistiness is the savvy aggressiveness to fight back with a vengeance to regain money you lost. I don’t know how many times I’ve seen people lose money in the morning and quit. My most profitable days are when I lose money in the morning and stay in because I want to get it back.”
For 12 years, Cook has kept a daily diary of trading patterns he has observed. He said the diary is “priceless” because price patterns occur much more frequently than most realize. Regarding keeping a diary, Cook uses the adage: “If you don’t know history, you’re doomed to repeat it.”
The following are Cook’s seven major rules for day trading:
1.DO NOT TRADE THE LAST HOUR OF THE DAY IN THE S&P 500 FUTURES MARKET. The probabilities of a successful trade diminish in this timeframe due to the impulsive and reckless buying and selling by institutions just because they didn’t get their trading done earlier, said Cook.
2.IF YOU DON’T LIKE THE TRADE YOU’RE HOLDING, GET OUT.
3.AFTER TWO HOURS OF TRADING, ASK YOURSELF: “DO I FEEL GOOD ABOUT MYTRADING TODAY?” Once two hours have passed, Cook says a day trader should have made at least two, or perhaps more, trades, “but enough to evaluate what you have done.” If the trader feels good about the day’s trading, continue. If not, stop trading that day.
4.ALL CYLINDERS OF THE ENGINE MUST BE RUNNING EFFICIENTLY. “Day-trading is a job, and your paycheck is determined by your ability. You can only maximize your ability if you have all the information you need to make trading decisions. “If a piece of equipment that one uses for trading is not working, stop trading.
5.HAVE COMPLETE FAITH IN YOUR INDICATORS. “This is a must for success,” said Cook. “Many times your indicators give you a buy or sell signal, and you don’t follow it because you don’t have the confidence the signal is right this time. Successful day traders believe in their indicators, but also are aware that nothing is 100% foolproof.”
6. TO ANYONE WHO ASPIRES TO BECOME A DAY TRADER, OBSERVE THOSE WHO ARE SUCCESSFUL. “Any information you can procure on the trading philosophies, mechanics and techniques is well worth your while.”
7.DAY-TRADING IS A LONG-TERM COMMITMENT. “I fervently believe it takes several years to become a true professional,” said Cook.
Pivot Based Trading - 1:2 risk reward ratio (Less Risk Profit More)
I want to introduce a very simple way of trading.
Everyone is aware of Pivots in charts.
It is very difficult to track real time pivot on intraday charts during trading hours.
After surfing lot of site and struggling, i found the way to calculate pivot based on previous day values.
After the pivot is calculated the resistance and support levels are found.
Resistance and support are of two types (using normal method and using fibonacci method.)
You can use any one of them. Both gives good result. Stick to any one method.
The system is as follows, please give your feedback and suggestions.
1. Download the attachment CalculatePivots.zip. Extract the file and open it.
2. Enter previous day high, low and close for any scrip.
3. Pivot is an important value here.
4. Look at the price of stock/underlying at 10:25-10:30 am. (half hour after market opens)
5. For Resistance and support values, you can choose normal values or fibonacci values. Both give good results. It depends upon you which suits you.
6. There are various scenarios which can occur.
-----1. The price is below the Pivot but above S1.
--------In this scenario, you should buy the stock/underlying above Pivot (If price reaches above Pivot) and short sell below S1(if the prcies goes below S1).
----2. The price is above Pivot but below R1.
--------In this scenario, you should buy the stock/underlying above R1 (if the price reaches above R1) and short sell below Pivot(if the price goes below Pivot).
----3. The price is very near to pivot (+/- 0.1%)
--------In this scenario, you should buy the stock/underlying above R1 (if the price reaches above R1) and short sell below S1(if the price reaches below S1).
----4. The price is between R1 and R2.
--------In this scenario, you should buy the stock/underlying above R2 (if the price reaches above R2) and short sell below Pivot(if the price reaches below Pivot). the important here is not to sell below R1. You must sell below Pivot.
----5. The price is between S1 and S2.
--------In this scenario, you should buy the stock/underlying above Pivot (if the price reaches above Pivot) and short sell below S2(if the price reaches below S2). The important here is not to buy above S1, buy only above pivot.
----6. The price is between S2 and S3.
--------Same rule applies as rule 5. Buy above pivot, short sell below S3.
----7. The price is between R2 and R3.
--------Same rule applies as rule 4. Buy above R3, short sell below Pivot.
Keep the profit, stoploss as below
Profit : 0.75% - 1%
Stoploss : 0.5%
Please please do reply with your suggestions.
I hope many of you already knows this.
No theory can become 99% successful without people's suggestions.
Do reply with your valuable comments.
-------------------------------------------------------------------------------------------------
I have created a profit/loss report on daily basis for the 3 below mentioned theories
1. Simple Pivot Trading.
2. Modified Pivot Trading.
3. Camarilla Pivot Trading.
I will be updating this profit/loss report every day or every alternate day here on traderji.
You can now see the results of these three theories on daily basis..
Also,
I have already the profit/loss report for all these thoeries for last couple of days. You can go through them if you are intersted in these theories.
Everyone is aware of Pivots in charts.
It is very difficult to track real time pivot on intraday charts during trading hours.
After surfing lot of site and struggling, i found the way to calculate pivot based on previous day values.
After the pivot is calculated the resistance and support levels are found.
Resistance and support are of two types (using normal method and using fibonacci method.)
You can use any one of them. Both gives good result. Stick to any one method.
The system is as follows, please give your feedback and suggestions.
1. Download the attachment CalculatePivots.zip. Extract the file and open it.
2. Enter previous day high, low and close for any scrip.
3. Pivot is an important value here.
4. Look at the price of stock/underlying at 10:25-10:30 am. (half hour after market opens)
5. For Resistance and support values, you can choose normal values or fibonacci values. Both give good results. It depends upon you which suits you.
6. There are various scenarios which can occur.
-----1. The price is below the Pivot but above S1.
--------In this scenario, you should buy the stock/underlying above Pivot (If price reaches above Pivot) and short sell below S1(if the prcies goes below S1).
----2. The price is above Pivot but below R1.
--------In this scenario, you should buy the stock/underlying above R1 (if the price reaches above R1) and short sell below Pivot(if the price goes below Pivot).
----3. The price is very near to pivot (+/- 0.1%)
--------In this scenario, you should buy the stock/underlying above R1 (if the price reaches above R1) and short sell below S1(if the price reaches below S1).
----4. The price is between R1 and R2.
--------In this scenario, you should buy the stock/underlying above R2 (if the price reaches above R2) and short sell below Pivot(if the price reaches below Pivot). the important here is not to sell below R1. You must sell below Pivot.
----5. The price is between S1 and S2.
--------In this scenario, you should buy the stock/underlying above Pivot (if the price reaches above Pivot) and short sell below S2(if the price reaches below S2). The important here is not to buy above S1, buy only above pivot.
----6. The price is between S2 and S3.
--------Same rule applies as rule 5. Buy above pivot, short sell below S3.
----7. The price is between R2 and R3.
--------Same rule applies as rule 4. Buy above R3, short sell below Pivot.
Keep the profit, stoploss as below
Profit : 0.75% - 1%
Stoploss : 0.5%
Please please do reply with your suggestions.
I hope many of you already knows this.
No theory can become 99% successful without people's suggestions.
Do reply with your valuable comments.
-------------------------------------------------------------------------------------------------
I have created a profit/loss report on daily basis for the 3 below mentioned theories
1. Simple Pivot Trading.
2. Modified Pivot Trading.
3. Camarilla Pivot Trading.
I will be updating this profit/loss report every day or every alternate day here on traderji.
You can now see the results of these three theories on daily basis..
Also,
I have already the profit/loss report for all these thoeries for last couple of days. You can go through them if you are intersted in these theories.
intra Day trading Technique for newbies
Take Little profits and do multiple trades
The successful strategy for day trading is to “take little profits and do multiple trades”.
Basically it has been observed that many times traders especially day traders loose money due lack of knowledge.
For example - Suppose if day trader’s buying price is at Rs.200 then he waits till the price goes to minimum Rs.204 or Rs.205 and then they will plan to book profit, which is highly impossible on very frequent basis in single trade or in single move.
If you are expecting Rs.4 to Rs.5 as profit on share price of Rs.200 in single move then you are expecting 2% profit in single trade. So do you think it is convincing you?
We feel this doesn’t sound practical and this is the reason why traders loose money after waiting for long time.
- The STT (Security Transaction Tax) is of 0.025% only selling amount.
- The stamp duty on total turnover for a day which is 0.002%.
- and finally you have to pay Regulatory charges on total turnover for a day which is 0.004%
Don’t worry these all taxes will add up to very small amount at the end of the day compared to your profits in thousands.
Now let’s see how to take small profit which will add up to big amount at the end of the day by doing multiple (more then one) trades.
Example - Buy KotakBank at Rs.315, quantity - 100 i.e. Rs.315 x 100 = Rs.31500.
So if you have Rs.10, 000 in your trading account you can do day trading because you get margin on your available amount for day trading.
Some brokers provide 3 or 4 times or even higher margin amount.
So you bought Kotakbank at Rs.315, Qty - 100 i.e. Rs.315x100 = 31500 and sold it at Rs.316.
You took only Rs.1 as profit for Rs.315 share price and you sold 100 shares so your profit is Rs.100.
So you get Rs.100 as profit in single trade.
Now lets calculate how much you have to pay as brokerage and taxes and finally how much you will get as your net profit behind this single trade.
Your buying amount is
= Rs.31500 (Rs.315x100 Qty shares)
= 0.05% as brokerage (we took it maximum brokerage but you may have even less) on 31500 which comes to Rs.15.75
= you have to pay service tax of 12.36% only on brokerage
= so 12.36% on Rs.15.75 comes to Rs 1.92
The total brokerage + service tax on buying is Rs.15.75 + Rs.1.92 = Rs.17.67
Now let’s calculate the brokerage and taxes on selling amount
= you sold KotakBank shares at Rs.316, Qty - 100 so the amount comes to Rs.31600 (Rs.316 x 100 Qty shares)
= 0.05% brokerage on 31600, comes to Rs.15.8
= service tax 12.36% on brokerage comes to Rs.1.93
You have to pay STT (Service Transaction Tax) of 0.025% on selling amount which comes to Rs.6.32.
So total brokerage + taxes you have to pay for selling is
= Rs.15.8 + Rs.1.93 + Rs.6.32
= Rs.24.05.
Total amount you have to pay on buying and selling is
= Rs.17.67 (buying) + Rs.24.05 (selling) = Rs.41.72.
You also have to pay stamp duty and regulatory charges on total turnover.
Your total turn over is calculated by adding the buying amount and selling amount.
Buying amount is 31500 and selling amount is 31600 which adds up to Rs. 61300
Stamp duty - 0.002% and Regulatory charges - 0.004% adds up to 0.006%
On total turnover amount (Rs. 61300) the taxes comes to Rs 3.8.
So the total amount you have to pay including brokerage and taxes is only Rs 41.72 + 3.8 = 45.52
So now the conclusion is you are paying Rs.45.52 while you earned the profit of Rs.100.
So don’t you think more then 50% profit in single trade is quite enough to do thousands per day.
If you continue doing such small trades with such small profits then it will end up with big amount at the end of the day.
Suppose if you do 10 trades in a day which is quite possible to add up to Rs.500 per day (Rs.50 per trade as per above example).
Now let’s see how to do thousands with same strategy as mentioned above. Its simple you just have to increase your quantity of shares.
In my previous example you have brought only 100 quantities, if you make it double then your profit will also get doubled.
How much you earn in a month with the investment of Rs.10, 000?
If you follow a simple strategy “take small profits and do multiple trades” then have a look on below example how much money you make in a month.
= Rs.50 per trade as net profit (as per above example).
= 10 trades per day (how much trades are possible, you will come to know by doing your own paper trading, according to our
estimation 10 trades are quite possible)
= total Rs.50x10 = Rs.500 per day.
= total approximate 20 trading days in a month.
So Rs.500x20 = Rs.10,000.
Can you believe you are just making your investment double in one month? What else you want?
On the other side let’s imagine you made loss on some days and not able to trade on some days.
Let’s consider Rs.5000 as compensation for above losses.
Then also you are making straight 50% (Rs.5000) profit per month.
So the bottom line is forgetting greed factor and taking small profits will make miracle to your investments.
So believe in small and end up the day with big profits.
How to minimize the losses in day trading
Important points to remember before proceeding
To avoid losses and to get confidence do paper trading practice and generate profits and then plan to switch to real day trading.
1. Doing over trading is risky and you may end up in loss.
2. Be in limit and trade and you will get definite success.
3. Stay away from greed like making huge profit in a single day. This is only possible for experience traders and only after spending
years and years in the share market.
There is no guarantee that you will make profit for every trade but in fact there are chances that you may end up with losses.
1. How these losses occur
Markets are always right, no one can complain about it. It can behave in any manner and in any direction during the market hours. So it is quite possible for you to do losses.
You buy certain share and had put the selling order but at the same time if the market starts moving in downtrend direction then you have to book loss and at the same time the reverse may also happen like if you did short selling and had put the buy order at lower price and suddenly markets starts moving in upper direction. So in such situation you have to come out of the trade by accepting loss.
So to prevent heavy losses, stop loss trigger price has to be implemented.
Losses can even occur due to your own mistakes like,
i. Not able to under the specific share movements.
ii. Not in a proper mindset to do trading.
iii. Sometimes markets moves up down in very narrow range then it becomes difficult to trade and book profit and at the same time
it is also possible that you may loose your patience and start doing wrong trades.
So in such scenario you have to stop trading immediately for that day and relax or else take holiday for the day.
Finally to have to accept loss for the day (if you are not getting the market and stock directions) and close the trading for that day, don’t ever try to do it forcefully and recover your losses because this may end up with more losses.
You may also come across situations like you did the trade and had put the square off order but your share price is not moving at all for long time say for last 30 minutes and so, so in such scenarios it is advisable to accept the minimum loss or minimum profit like if you are targeting Rs.1 profit then you can accept 50 paisa or so and come out of the trade and look for other trades.
Above all scenarios may or may not come to you but this is just precaution.
The successful strategy for day trading is to “take little profits and do multiple trades”.
Basically it has been observed that many times traders especially day traders loose money due lack of knowledge.
For example - Suppose if day trader’s buying price is at Rs.200 then he waits till the price goes to minimum Rs.204 or Rs.205 and then they will plan to book profit, which is highly impossible on very frequent basis in single trade or in single move.
If you are expecting Rs.4 to Rs.5 as profit on share price of Rs.200 in single move then you are expecting 2% profit in single trade. So do you think it is convincing you?
We feel this doesn’t sound practical and this is the reason why traders loose money after waiting for long time.
- The STT (Security Transaction Tax) is of 0.025% only selling amount.
- The stamp duty on total turnover for a day which is 0.002%.
- and finally you have to pay Regulatory charges on total turnover for a day which is 0.004%
Don’t worry these all taxes will add up to very small amount at the end of the day compared to your profits in thousands.
Now let’s see how to take small profit which will add up to big amount at the end of the day by doing multiple (more then one) trades.
Example - Buy KotakBank at Rs.315, quantity - 100 i.e. Rs.315 x 100 = Rs.31500.
So if you have Rs.10, 000 in your trading account you can do day trading because you get margin on your available amount for day trading.
Some brokers provide 3 or 4 times or even higher margin amount.
So you bought Kotakbank at Rs.315, Qty - 100 i.e. Rs.315x100 = 31500 and sold it at Rs.316.
You took only Rs.1 as profit for Rs.315 share price and you sold 100 shares so your profit is Rs.100.
So you get Rs.100 as profit in single trade.
Now lets calculate how much you have to pay as brokerage and taxes and finally how much you will get as your net profit behind this single trade.
Your buying amount is
= Rs.31500 (Rs.315x100 Qty shares)
= 0.05% as brokerage (we took it maximum brokerage but you may have even less) on 31500 which comes to Rs.15.75
= you have to pay service tax of 12.36% only on brokerage
= so 12.36% on Rs.15.75 comes to Rs 1.92
The total brokerage + service tax on buying is Rs.15.75 + Rs.1.92 = Rs.17.67
Now let’s calculate the brokerage and taxes on selling amount
= you sold KotakBank shares at Rs.316, Qty - 100 so the amount comes to Rs.31600 (Rs.316 x 100 Qty shares)
= 0.05% brokerage on 31600, comes to Rs.15.8
= service tax 12.36% on brokerage comes to Rs.1.93
You have to pay STT (Service Transaction Tax) of 0.025% on selling amount which comes to Rs.6.32.
So total brokerage + taxes you have to pay for selling is
= Rs.15.8 + Rs.1.93 + Rs.6.32
= Rs.24.05.
Total amount you have to pay on buying and selling is
= Rs.17.67 (buying) + Rs.24.05 (selling) = Rs.41.72.
You also have to pay stamp duty and regulatory charges on total turnover.
Your total turn over is calculated by adding the buying amount and selling amount.
Buying amount is 31500 and selling amount is 31600 which adds up to Rs. 61300
Stamp duty - 0.002% and Regulatory charges - 0.004% adds up to 0.006%
On total turnover amount (Rs. 61300) the taxes comes to Rs 3.8.
So the total amount you have to pay including brokerage and taxes is only Rs 41.72 + 3.8 = 45.52
So now the conclusion is you are paying Rs.45.52 while you earned the profit of Rs.100.
So don’t you think more then 50% profit in single trade is quite enough to do thousands per day.
If you continue doing such small trades with such small profits then it will end up with big amount at the end of the day.
Suppose if you do 10 trades in a day which is quite possible to add up to Rs.500 per day (Rs.50 per trade as per above example).
Now let’s see how to do thousands with same strategy as mentioned above. Its simple you just have to increase your quantity of shares.
In my previous example you have brought only 100 quantities, if you make it double then your profit will also get doubled.
How much you earn in a month with the investment of Rs.10, 000?
If you follow a simple strategy “take small profits and do multiple trades” then have a look on below example how much money you make in a month.
= Rs.50 per trade as net profit (as per above example).
= 10 trades per day (how much trades are possible, you will come to know by doing your own paper trading, according to our
estimation 10 trades are quite possible)
= total Rs.50x10 = Rs.500 per day.
= total approximate 20 trading days in a month.
So Rs.500x20 = Rs.10,000.
Can you believe you are just making your investment double in one month? What else you want?
On the other side let’s imagine you made loss on some days and not able to trade on some days.
Let’s consider Rs.5000 as compensation for above losses.
Then also you are making straight 50% (Rs.5000) profit per month.
So the bottom line is forgetting greed factor and taking small profits will make miracle to your investments.
So believe in small and end up the day with big profits.
How to minimize the losses in day trading
Important points to remember before proceeding
To avoid losses and to get confidence do paper trading practice and generate profits and then plan to switch to real day trading.
1. Doing over trading is risky and you may end up in loss.
2. Be in limit and trade and you will get definite success.
3. Stay away from greed like making huge profit in a single day. This is only possible for experience traders and only after spending
years and years in the share market.
There is no guarantee that you will make profit for every trade but in fact there are chances that you may end up with losses.
1. How these losses occur
Markets are always right, no one can complain about it. It can behave in any manner and in any direction during the market hours. So it is quite possible for you to do losses.
You buy certain share and had put the selling order but at the same time if the market starts moving in downtrend direction then you have to book loss and at the same time the reverse may also happen like if you did short selling and had put the buy order at lower price and suddenly markets starts moving in upper direction. So in such situation you have to come out of the trade by accepting loss.
So to prevent heavy losses, stop loss trigger price has to be implemented.
Losses can even occur due to your own mistakes like,
i. Not able to under the specific share movements.
ii. Not in a proper mindset to do trading.
iii. Sometimes markets moves up down in very narrow range then it becomes difficult to trade and book profit and at the same time
it is also possible that you may loose your patience and start doing wrong trades.
So in such scenario you have to stop trading immediately for that day and relax or else take holiday for the day.
Finally to have to accept loss for the day (if you are not getting the market and stock directions) and close the trading for that day, don’t ever try to do it forcefully and recover your losses because this may end up with more losses.
You may also come across situations like you did the trade and had put the square off order but your share price is not moving at all for long time say for last 30 minutes and so, so in such scenarios it is advisable to accept the minimum loss or minimum profit like if you are targeting Rs.1 profit then you can accept 50 paisa or so and come out of the trade and look for other trades.
Above all scenarios may or may not come to you but this is just precaution.
Modified Pivot Based Trading 1:1 risk reward ratio
1. Firstly calculate the pivot values by entering previous day high, low, close in the file attached here. Download the Pivot Trading.zip file and extract it and the open the file.
2. Now based on this values choose values of your type(either normal or fibonacci)
3. Now divide the day into six ranges
1. R3-R2
2. R2-R1
3. R1-Pivot
4. Pivot-S1
5. S1-S2
6. S2-S3
4. Look at the price of futures/stock/underlying/commodities/currency at 10:25-10:30 am half hour after market opens.
5. The price will fall in any 1 (out of 6) ranges mentioned above.
6. Each range has upper limit and lower limit.
7. We buy above upper limit and sell below lower limit keeping strict profit target of 0.5% and stoploss of 0.5%.
8. Lets say price is in the range R1-Pivot. So we buy above R1 and sell below pivot.
9. Now the day does not ends here.
10. One you enter trade, you will either make profit or stoploss will hit.
11. At whatever price the profit is boooked or stoploss is triggered now becomes the base price.
12. Now we put this base price in any one (out of 6) ranges.
13. In whatever range it falls, apply the same rule of buy above upper limit and sell below lower limit.
14. Process continues till 15 min before market closes.
The main idea behind this is we keep booking small profit or small loss.
So we do multiple trades in a day.
2. Now based on this values choose values of your type(either normal or fibonacci)
3. Now divide the day into six ranges
1. R3-R2
2. R2-R1
3. R1-Pivot
4. Pivot-S1
5. S1-S2
6. S2-S3
4. Look at the price of futures/stock/underlying/commodities/currency at 10:25-10:30 am half hour after market opens.
5. The price will fall in any 1 (out of 6) ranges mentioned above.
6. Each range has upper limit and lower limit.
7. We buy above upper limit and sell below lower limit keeping strict profit target of 0.5% and stoploss of 0.5%.
8. Lets say price is in the range R1-Pivot. So we buy above R1 and sell below pivot.
9. Now the day does not ends here.
10. One you enter trade, you will either make profit or stoploss will hit.
11. At whatever price the profit is boooked or stoploss is triggered now becomes the base price.
12. Now we put this base price in any one (out of 6) ranges.
13. In whatever range it falls, apply the same rule of buy above upper limit and sell below lower limit.
14. Process continues till 15 min before market closes.
The main idea behind this is we keep booking small profit or small loss.
So we do multiple trades in a day.
A Simple strategy for day trading
this is a very simple strategy for day trading.
* Open a Chart
* Add the Pivot Points
* Wait for the Price to Move Towards a Pivot Point
* Wait for the Price to Touch the Pivot Point
* Enter your Trade
* Wait for your Trade to Exit
* Repeat the Trade
Open a Chart:Open a 1 minute OHLC (Open, High, Low, and Close) bar chart of your market.
Add the Pivot Points: Add the daily pivot points.
Wait for the Price to Move Towards a Pivot Point:
Watch the market, and wait until the price is moving toward a pivot point. For a long trade, the price bars should be making new lows as they move towards the pivot point, and for a short trade the price bars should be making new highs as they move towards the pivot point.
Wait for the Price to Touch the Pivot Point:
Wait for the price to touch the pivot point, which happens when the price trades at the pivot point price.
Enter your Trade:
Enter your trade when the high (or low) of the first price bar that fails to make a new low (or high) is broken. The following list shows the steps required for both long and short entries.
Long Trade:
Price bar touches the pivot point.
Subsequent price bar fails to make a new low.
Subsequent price bar breaks the high of the previous price bar.
Short Trade:
Price bar touches the pivot point.
Subsequent price bar fails to make a new high.
Subsequent price bar breaks the low of the previous price bar.
The stop loss can be adjusted to use either the pivot point as the stop loss, or the high (or low) of the entry bar as the stop loss, depending upon the market being traded.
As soon as your entry order has been filled, make sure that your trading software has placed your target and stop loss orders, or place them manually if necessary. There is no default order type for either the target or stop loss,the recommendation is a limit order for the target, and a stop order for the stop loss.
Wait for your Trade to Exit.
Wait for the price to trade at your target or at your stop loss, and for either your target or stop loss order to get filled. The pivot point bounce trade can take anywhere from a few minutes to a couple of hours to reach your target or stop loss. Depending upon the market being traded, the target could be adjusted to be the next pivot point, and the stop loss could be adjusted to break even at a suitable time.
Repeat the Trade Repeat the trade as many times as necessary, until either your daily profit target is reached, or your market is no longer active.
* Open a Chart
* Add the Pivot Points
* Wait for the Price to Move Towards a Pivot Point
* Wait for the Price to Touch the Pivot Point
* Enter your Trade
* Wait for your Trade to Exit
* Repeat the Trade
Open a Chart:Open a 1 minute OHLC (Open, High, Low, and Close) bar chart of your market.
Add the Pivot Points: Add the daily pivot points.
Wait for the Price to Move Towards a Pivot Point:
Watch the market, and wait until the price is moving toward a pivot point. For a long trade, the price bars should be making new lows as they move towards the pivot point, and for a short trade the price bars should be making new highs as they move towards the pivot point.
Wait for the Price to Touch the Pivot Point:
Wait for the price to touch the pivot point, which happens when the price trades at the pivot point price.
Enter your Trade:
Enter your trade when the high (or low) of the first price bar that fails to make a new low (or high) is broken. The following list shows the steps required for both long and short entries.
Long Trade:
Price bar touches the pivot point.
Subsequent price bar fails to make a new low.
Subsequent price bar breaks the high of the previous price bar.
Short Trade:
Price bar touches the pivot point.
Subsequent price bar fails to make a new high.
Subsequent price bar breaks the low of the previous price bar.
The stop loss can be adjusted to use either the pivot point as the stop loss, or the high (or low) of the entry bar as the stop loss, depending upon the market being traded.
As soon as your entry order has been filled, make sure that your trading software has placed your target and stop loss orders, or place them manually if necessary. There is no default order type for either the target or stop loss,the recommendation is a limit order for the target, and a stop order for the stop loss.
Wait for your Trade to Exit.
Wait for the price to trade at your target or at your stop loss, and for either your target or stop loss order to get filled. The pivot point bounce trade can take anywhere from a few minutes to a couple of hours to reach your target or stop loss. Depending upon the market being traded, the target could be adjusted to be the next pivot point, and the stop loss could be adjusted to break even at a suitable time.
Repeat the Trade Repeat the trade as many times as necessary, until either your daily profit target is reached, or your market is no longer active.
What Is SCO? & How it is calulated?
Everybody is using SCO for nifty and other stocks as if it is some magic formula.
SCO is the name given by a trader called as Sammer and so SCO stands for SAMEER COMPOSITE OSCILLATOR
Now how it is calculated?
Everybody is following an oscillator without knowing what it is and how it is calculated and what does this oscillator reveals to us or signals to us
This is dangerous My main purpose to write this is to make the user know what they are using how it is calculated and what does it signals or conveys to us Never ever blindly use any indicator or oscillator just because everybody is using
Now Let me tell you that this is a new name given to RSi of 2 days/2 bars
nothing more nothing less
So those using metastock or amibroker can try out the values will tally with the published sco values on the net .
SCO is the name given by a trader called as Sammer and so SCO stands for SAMEER COMPOSITE OSCILLATOR
Now how it is calculated?
Everybody is following an oscillator without knowing what it is and how it is calculated and what does this oscillator reveals to us or signals to us
This is dangerous My main purpose to write this is to make the user know what they are using how it is calculated and what does it signals or conveys to us Never ever blindly use any indicator or oscillator just because everybody is using
Now Let me tell you that this is a new name given to RSi of 2 days/2 bars
nothing more nothing less
So those using metastock or amibroker can try out the values will tally with the published sco values on the net .
18 Rules For Trading
1. When in profits, they tend to book very early and during losses they wait until their holding capacity withers away,
There-by creating a worst risk to return ratio.
2. They take an exposure, which is many more times, their worth.
3. Interest, brokerage and other charges burden is ignored, which itself forms 75 to 80% of their earnings or losses at the
end of the year. (If the broker had to even refund a part of brokerage, one could wipe out one's entire loss at the end of
the year. One cannot earn even the 10 paisa brokerage paid out of the scripts traded in, where is the question of
earning in rupees)
4. Emotions are attached with every transaction they enter into. Shares bought at higher prices becomes a part and
parcel of our life, as we try to recover our loss from the same script when other scripts are moving. This is opportunity
lost out of stupidity.
5. No room for averaging as the maximum quantity is bought at the initial levels.
6. Buying at the highest selling at lowest.
7. Challenging the market at every stage while finally booking losses, due to their inability to hold on
8. Shares bought from the long-term point of view in the form of delivery get converted into short-term profits due to the
human psychology of booking profits very early and vice versa.
9. Relying too much on mouth to mouth publicity. please note there are no experts in this market, except for your own
self, as you are the best to know, what that money means to you.
10. Entering into too many securities at a time eventually losing track and accountability.
11. Cursing their luck and the markets for their own faults.
12. Ignoring reversals of the trend.
13. Always playing in the bullish trend and ignoring the bearish trend i.e. earning through going long and not going short.
14. The greed factor to earn big amounts in a single day.
15. due to earlier heavy losses by playing in big quantities, to recover the same, quantities dealt with next are very small,
compared to quantities dealt earlier. Due to this the losses are huge and profits to set off those losses are limited,
thereby being in a loss at any given time. Please note that losses can never be recovered. It is always earning and
loosing and your success depends on which is more frequent.
16. Negligence and let go attitude and inability to judge their mistakes after every loss that finally they are thrown out of
the market. The once easy earning factor and over confidence rides very high in their minds, which forces further risks,
and finally they lose 9 times out of 10.
17. Over trading when in loss on private borrowed funds which finally leads to debt trap. the good business, from where you
have diverted funds to this market to earn, will close down too.
18. Tips suggested by others only tells you when to buy/sell, but without you knowing how much to risk and how many
shares to to trade in with proper stop loss , it is all in vain
There-by creating a worst risk to return ratio.
2. They take an exposure, which is many more times, their worth.
3. Interest, brokerage and other charges burden is ignored, which itself forms 75 to 80% of their earnings or losses at the
end of the year. (If the broker had to even refund a part of brokerage, one could wipe out one's entire loss at the end of
the year. One cannot earn even the 10 paisa brokerage paid out of the scripts traded in, where is the question of
earning in rupees)
4. Emotions are attached with every transaction they enter into. Shares bought at higher prices becomes a part and
parcel of our life, as we try to recover our loss from the same script when other scripts are moving. This is opportunity
lost out of stupidity.
5. No room for averaging as the maximum quantity is bought at the initial levels.
6. Buying at the highest selling at lowest.
7. Challenging the market at every stage while finally booking losses, due to their inability to hold on
8. Shares bought from the long-term point of view in the form of delivery get converted into short-term profits due to the
human psychology of booking profits very early and vice versa.
9. Relying too much on mouth to mouth publicity. please note there are no experts in this market, except for your own
self, as you are the best to know, what that money means to you.
10. Entering into too many securities at a time eventually losing track and accountability.
11. Cursing their luck and the markets for their own faults.
12. Ignoring reversals of the trend.
13. Always playing in the bullish trend and ignoring the bearish trend i.e. earning through going long and not going short.
14. The greed factor to earn big amounts in a single day.
15. due to earlier heavy losses by playing in big quantities, to recover the same, quantities dealt with next are very small,
compared to quantities dealt earlier. Due to this the losses are huge and profits to set off those losses are limited,
thereby being in a loss at any given time. Please note that losses can never be recovered. It is always earning and
loosing and your success depends on which is more frequent.
16. Negligence and let go attitude and inability to judge their mistakes after every loss that finally they are thrown out of
the market. The once easy earning factor and over confidence rides very high in their minds, which forces further risks,
and finally they lose 9 times out of 10.
17. Over trading when in loss on private borrowed funds which finally leads to debt trap. the good business, from where you
have diverted funds to this market to earn, will close down too.
18. Tips suggested by others only tells you when to buy/sell, but without you knowing how much to risk and how many
shares to to trade in with proper stop loss , it is all in vain
Pride's Intra-Day Strategy For Profit Everyday
Entry Strategy
1. In the 30 Minute Chart, the Stochastic should be bullish.
(That is, the fast stochastic line should have crossed over the slow line. It does not matter how long ago the crossover took place, it should just be above the slow line and should be going upwards).
2. In the 5 Minute Chart, the Stochastic should be bullish as well.
(Fast stochastic line should have crossed over the slow line and should be moving upwards. It should not be in overbought condition yet, that is, it should not have crossed 80 yet).
3. The 5 Period EMA crossed over the 13 Period EMA from below and moves upwards.
When all three conditions are met, we buy, placing stoploss at the low of the last bar or the bar to the left of the last bar, whichever is lower.
Stochastic Setting is 8,3,4 for this system.
Exit Strategy
1. When fast Stochastic reverses from it's upward move, curves downwards and crosses the slow line from above, sell half of the units.
2. If the next bar goes below the low of the previous bar, exit completely, otherwise keep a tight trailing stoploss and enjoy the continuing bull market
1. In the 30 Minute Chart, the Stochastic should be bullish.
(That is, the fast stochastic line should have crossed over the slow line. It does not matter how long ago the crossover took place, it should just be above the slow line and should be going upwards).
2. In the 5 Minute Chart, the Stochastic should be bullish as well.
(Fast stochastic line should have crossed over the slow line and should be moving upwards. It should not be in overbought condition yet, that is, it should not have crossed 80 yet).
3. The 5 Period EMA crossed over the 13 Period EMA from below and moves upwards.
When all three conditions are met, we buy, placing stoploss at the low of the last bar or the bar to the left of the last bar, whichever is lower.
Stochastic Setting is 8,3,4 for this system.
Exit Strategy
1. When fast Stochastic reverses from it's upward move, curves downwards and crosses the slow line from above, sell half of the units.
2. If the next bar goes below the low of the previous bar, exit completely, otherwise keep a tight trailing stoploss and enjoy the continuing bull market
Trading Tips to look for
WELL I M NOT TRADER RATHER I M ONLY INVESTOR, TRADING IS A GAME OF TALENT, ANALYSIS AND STUDY. DAY TRADING IS ONLY A PLAY OF TRADERS EMOTIONS I.E. GREEEEEEDDYNESS AND FEAR. I M STARTING A THREAD TO SHARE DAILY TRADING CALLS AND I WILL ALSO GIVE FOLLOW UP ON DAY CLOSING.
I REQUEST YOU ALL TO JUDGE AND COMMENT ON MY TRADING CALLS.
I WILL PROVIDE FOLLOWING THINGS ON EVERY CALL.
1) TIME : TIMING IS VERY IMPORTANT THING. ENTRY AS WELL AS EXIT AT CORRECT TIME IS VERY IMPORTANT.
2) ENTRY PRICE : CORRECT PRICE TO BUY AND SELL. DAY HIGH AND LOW MIGHT BE LITTLE AWAY FROM THE ENTRY PRICES I GIVE BUT YOU DONT GET THE REQUIRED QUANTITY AT THAT PRICE.
3) STOP LOSS PRICE: AS I SAID ITS GAME OF GREEDINESS AND FEAR WE MUST HAVE SOME SAFEGUARD AND STOP LOSS.
4) FIRST TARGET PRICE: THE PRICE WHERE TRADER CAN EXIT AT SAFE AND MODERATE PROFIT.
5) SECOUND TARGET PRICE: GREEDY INVESTOR WHO CAN SEE THEIR PROFIT CONVERTING INTO LOSS. ( THIS IS HIGH RISK AND GREEDY OPTION USUSALLY. I M SATISHFIED AT LOWER PROFIT BUT SAFE BUSINESS)
FOLLOW UP CHART WILL BE GIVEN AT THE END OF THE DAY. FOLLOWED BY INVESTMENT COMPARISON IN TAX SAVING GROWTH PLAN
I DONT TAKE ANY RESPONCIBILITY IF U LOOSE ANY MONEY BY FOLLOWING THESE TIPS. THESE ARE NOT TRADING ADVOICES. I JUST WANT YOU ALL TO JUDGE MY TIPS AND TRADING IDEAS.
MOST SUCCESFUL TRADING THEORY
2652 THEORY OF DAY TRADING
( THIS IS THE BEST TO EARN AROUND 1000 RS TO 3000 RS IN DAY TRADING FOR A LIVING )
Different people have different methods and ways of day trading.Some trade using charts , 5 min ,30 min ,10 min some use MA,EMA,RSI,CCI, some also use many equations and formulas like pivot points,woodies pivot,demark pivot points, camarilla equations, any many more things.
I have been trading the markets with all this and come to conclusion that trading market can be reffered as gentlemans gambling ,u can earn from it definately provided u trade it with proper knowledge and a perfect plan and the main thing is that u must go in for small gains for n number of trades ,which also can be reffered as scalping
THE MOST IMPORTANT THINGS I TRACK IN DAY TRADING
1)Previous days range ( difference in days high and days low) the most important
2)that days high and that days low at 10:15 am after the start of markets
That’s all , earlier I used to trade using all the mentioned things like ma,rsi, adx camarilla equations and all stuff but now I trade in a simple way of using the days range
With my studies I have come to a conclusion the if a days range is of 85 points say for any stock say ONGC then it will have three values for the next days for me to trade (that calculation is done by me based on my studies )
Suppose the values I got are 36,63,92 then with this values I will trade for the next day
Say ONGC next day opens at 785 and by 10.15 am it is at 795 neither open or the present value of the stock is important to me ,the thing important to me is the high and low of the stock at 10.15.now here comes three different cases which I will explain u in detail
1)when the difference between high and low ( range ) at 10.15 is less than the first value that is 36
Suppose ONGC has high of 801 and alow of 779 with a range of 22 points <36 36=" 765" 36="815" 36="806" 36="769" 63="762" 63="833" 92 =" 748" 92=" 860" id="KonaLink2" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.traderji.com/#">short selling
You must be expert in execution of orders and accurate in ur calculations
You should not panic at any time
CASH MANAGEMENT AND STOP LOSS
How I trade and put my stop losses
I take in 20 stocks for trading . I sell or buy one lakh worth of shares of a particular comp.(initial amount which I double as per the requirement )
Now suppose for a stock say ONGC I have my orders as below
Sell below price A and buy at B
Buy above price C and sell at D
NOW HERE ARISES THREE DIFFERENT CONDITIONS
1) when the sell below A order is hit , I put a stop loss of 1 percent above the hit price A for stop loss buy .If my buy at B is hit without hitting the stop loss then I will make a profit of 0.5 percent .this is the best fitted condition for the above theory.
The same condition is applicable to buy above price C and sell at price D 2)When the sell below A order is hit , I put a stop loss of 1 percent above the hit price A for a stop loss buy.If instead of going at price B the price hits the stop loss then I make a loss of 1 percent(rs 1000 for one lakh wirth of shares) .But at this point I again put order sell below A and modify buy at a price 0.8 percent down of price A ( not at price B which is 0.5 percent down of price A ).Now here the value of stocks ur selling is important .If u have sold shares of one lakh value and booked a loss of one percent then u must sell at the same price two lakh worth of shares ( that is double the value ) but modify buy order at 0.8 percent down from the sell price instead of 0.5 percent down.now when buy order is hit u will profit 1600 rs as compared to a loss of 1000 rs (after ur brokerage charges u still are in profit).This is one of the rare cases in the above theory but u must be prepared to it. The same condition is applicable to buy above price C and sell at price D.
3)when the sell below price A is hit.I put a stop loss 1 percent above the hit price A for a stop loss buy.If instead of going down to price B , stop loss is triggered then I make a loss of one percent . Then I be ready placing another stop loss sell order (but the value of the shares is double)at price A ,and modify my buy order from 0.5 percent down from price to 0.8 percent. But if suppose the price never comes to hit stop loss buy , then for the day I will make a loss of one percent on one lakh worth of shares.
Now to minimize my losses on that day for a particular stock I will double my value of shares to sell or buy the next day (reason if the theory fails for one day then for next 100 percent it will struck and will do for more consecutive days for that particular stock).Here I make up for the loss made by me on the first day on that stock.for e.g on 23/2 I make a loss of one thousand rs (one percent of one lakh) short selling a particular stock .The next day I will sell or buy (as per the above conditions) double the value on the previous day for a profit margin of 0.5 percent only . Here for that day my earning is rs 1000 on the two lakh worth of shares.which will minimize my loss by done by me on the previous day.
I take in 20 stocks of which I get around 12 stocks with hit the price .If number three condition arises for any of these 12 stocks then I have a loss of rs 1000 for that stock but I earn rs 11*500 for other stocks that is 5500.
So me net profit will be 5500-1000 =4500
It may be that in those some(one or two) of 11 stocks ,number two condition arise this may reduce my profit.
For the stock whih made a net loss ,the next day plan will make it less by half adding to the next day profit.
Sometime I start a trade by selling or buying shares worth 50,000 and then double my amount to one lakh as per condition number 2 or 3 .
This is a theory just to earn a leaving ,a sure method of trading market.
( THIS IS THE BEST TO EARN AROUND 1000 RS TO 3000 RS IN DAY TRADING FOR A LIVING )
Different people have different methods and ways of day trading.Some trade using charts , 5 min ,30 min ,10 min some use MA,EMA,RSI,CCI, some also use many equations and formulas like pivot points,woodies pivot,demark pivot points, camarilla equations, any many more things.
I have been trading the markets with all this and come to conclusion that trading market can be reffered as gentlemans gambling ,u can earn from it definately provided u trade it with proper knowledge and a perfect plan and the main thing is that u must go in for small gains for n number of trades ,which also can be reffered as scalping
THE MOST IMPORTANT THINGS I TRACK IN DAY TRADING
1)Previous days range ( difference in days high and days low) the most important
2)that days high and that days low at 10:15 am after the start of markets
That’s all , earlier I used to trade using all the mentioned things like ma,rsi, adx camarilla equations and all stuff but now I trade in a simple way of using the days range
With my studies I have come to a conclusion the if a days range is of 85 points say for any stock say ONGC then it will have three values for the next days for me to trade (that calculation is done by me based on my studies )
Suppose the values I got are 36,63,92 then with this values I will trade for the next day
Say ONGC next day opens at 785 and by 10.15 am it is at 795 neither open or the present value of the stock is important to me ,the thing important to me is the high and low of the stock at 10.15.now here comes three different cases which I will explain u in detail
1)when the difference between high and low ( range ) at 10.15 is less than the first value that is 36
Suppose ONGC has high of 801 and alow of 779 with a range of 22 points <36 36=" 765" 36="815" 36="806" 36="769" 63="762" 63="833" 92 =" 748" 92=" 860" id="KonaLink2" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.traderji.com/#">short selling
You must be expert in execution of orders and accurate in ur calculations
You should not panic at any time
CASH MANAGEMENT AND STOP LOSS
How I trade and put my stop losses
I take in 20 stocks for trading . I sell or buy one lakh worth of shares of a particular comp.(initial amount which I double as per the requirement )
Now suppose for a stock say ONGC I have my orders as below
Sell below price A and buy at B
Buy above price C and sell at D
NOW HERE ARISES THREE DIFFERENT CONDITIONS
1) when the sell below A order is hit , I put a stop loss of 1 percent above the hit price A for stop loss buy .If my buy at B is hit without hitting the stop loss then I will make a profit of 0.5 percent .this is the best fitted condition for the above theory.
The same condition is applicable to buy above price C and sell at price D 2)When the sell below A order is hit , I put a stop loss of 1 percent above the hit price A for a stop loss buy.If instead of going at price B the price hits the stop loss then I make a loss of 1 percent(rs 1000 for one lakh wirth of shares) .But at this point I again put order sell below A and modify buy at a price 0.8 percent down of price A ( not at price B which is 0.5 percent down of price A ).Now here the value of stocks ur selling is important .If u have sold shares of one lakh value and booked a loss of one percent then u must sell at the same price two lakh worth of shares ( that is double the value ) but modify buy order at 0.8 percent down from the sell price instead of 0.5 percent down.now when buy order is hit u will profit 1600 rs as compared to a loss of 1000 rs (after ur brokerage charges u still are in profit).This is one of the rare cases in the above theory but u must be prepared to it. The same condition is applicable to buy above price C and sell at price D.
3)when the sell below price A is hit.I put a stop loss 1 percent above the hit price A for a stop loss buy.If instead of going down to price B , stop loss is triggered then I make a loss of one percent . Then I be ready placing another stop loss sell order (but the value of the shares is double)at price A ,and modify my buy order from 0.5 percent down from price to 0.8 percent. But if suppose the price never comes to hit stop loss buy , then for the day I will make a loss of one percent on one lakh worth of shares.
Now to minimize my losses on that day for a particular stock I will double my value of shares to sell or buy the next day (reason if the theory fails for one day then for next 100 percent it will struck and will do for more consecutive days for that particular stock).Here I make up for the loss made by me on the first day on that stock.for e.g on 23/2 I make a loss of one thousand rs (one percent of one lakh) short selling a particular stock .The next day I will sell or buy (as per the above conditions) double the value on the previous day for a profit margin of 0.5 percent only . Here for that day my earning is rs 1000 on the two lakh worth of shares.which will minimize my loss by done by me on the previous day.
I take in 20 stocks of which I get around 12 stocks with hit the price .If number three condition arises for any of these 12 stocks then I have a loss of rs 1000 for that stock but I earn rs 11*500 for other stocks that is 5500.
So me net profit will be 5500-1000 =4500
It may be that in those some(one or two) of 11 stocks ,number two condition arise this may reduce my profit.
For the stock whih made a net loss ,the next day plan will make it less by half adding to the next day profit.
Sometime I start a trade by selling or buying shares worth 50,000 and then double my amount to one lakh as per condition number 2 or 3 .
This is a theory just to earn a leaving ,a sure method of trading market.
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