Dear friends
I used this strategy and traded for 10 days it is not consistent profit making method.my account washed out.I used in equity margin intra day trading.
After that I followed camarilla pivot method it also not consistent. But some guys telling these method making good returns.in reality it fails.
Below methods are i used for intra day.
1.dhiraj 2652
2.camarilla
3.Orb
4.buy on pre.day high and sell on pre.day low
5.gann square
Among all these using method I lost rs.370000. But I feel using gann square is good than others.using gann I break even in one month trading.I got only rs.525 as profit after brokerage(18525earned 18000 brokerage because lot of failed trades).
Almost I am dispointed.
I am also looking for good strategy.
Have a nice day.
Regards
Mmohanar
I used this strategy and traded for 10 days it is not consistent profit making method.my account washed out.I used in equity margin intra day trading.
After that I followed camarilla pivot method it also not consistent. But some guys telling these method making good returns.in reality it fails.
Below methods are i used for intra day.
1.dhiraj 2652
2.camarilla
3.Orb
4.buy on pre.day high and sell on pre.day low
5.gann square
Among all these using method I lost rs.370000. But I feel using gann square is good than others.using gann I break even in one month trading.I got only rs.525 as profit after brokerage(18525earned 18000 brokerage because lot of failed trades).
Almost I am dispointed.
I am also looking for good strategy.
Have a nice day.
Regards
Mmohanar
Stop trading now.Take a break.
Don't press yourself too much to recover the losses immediately.
It will create more losses.
Why you allowed yourself trading till you made loss of 3.7 lakhs ?
Find a discount broker - flat brokerage.
Why you didn't stop trading after say 10% or 35K and look back your trading mistakes.
Now create a trading plan.Paper trade for 3 months.
ORB,PDH,PDL breakouts are excellent trading opportunities.
Can you explain your trading logic for ORB and Trading Previous day High,low breakouts ?
Your entry stop and take profit.
If Stop hit re entry etc.
Plan the trades,practice and then go live.
All the best.