hi,
i am new in the stock market as well as in the forum.....so have a little knowledge....but this thread is about a new idea of day trading with technical studies....please go through the whole system and give your valuable comments.....
Theme :-
1.the main theme is to go long with a stock which is in daily uptrend and to
go short with the stocks in daily down trend...
2.to use your intraday exposures while trading on a stock.you must be aware
of the trend,support,resistance,brakout etc.
3.and trading on till trend reversal.....
Strategy :-
you can play with your own strategy........the aim is to catch the trend and make your trade a success with you own trading system.....i use something close to pride's trading system in day trading...
Example :-
>for satyam in eod charts......i say a possible uptrend from 4th january....
>from 5th january i just bought at the opening price and sold near the
closing price till 8th.....
>from 5 to 8,it went from 100.50 to 112.80....
>the difference of the highest price of 8th and opening price of 5th was
almost rs.13 and i was able to bag in 7 rupees in 4 days.....
>i have dp account with motilal oswal and i use teir 5times intrday nse
exposer so i made a profit of 7*5=35 rupees per share including all charges
>so i think this is one of the best idea if you can spot the trend and get into
the trade with a perfect timing...
now here comes the difficulty........
Confusions & Queries :-
1.this was one of the first analysis with a little knowledge and also by broker adviced me to buy satyam for short term......so i tried this....if i will apply this system everytime then i will have to catch the trend as quick as possible to minimize the possibilities of loss
2.is it right to go with your exposures???coz i think it aslo maximizes the possibility of huge loss as well as huge profit....
help me please......
Help!!!!:sos::sos:
please help me out in this system.......
i think this is a very common idea and many of you have your own openion on thisone........
post your valuable comments and your suggestions.....
try to make the system better if you approve it.....
and if you dis-approve it then please clarify the reasons......
and if its approved by all of you experienced traders then we will later try to find out trends and make a watchlist of bearsh and bullish stocks for daytrading......
eod chart of satyamcomp is atached herewith.......
i am new in the stock market as well as in the forum.....so have a little knowledge....but this thread is about a new idea of day trading with technical studies....please go through the whole system and give your valuable comments.....
Theme :-
1.the main theme is to go long with a stock which is in daily uptrend and to
go short with the stocks in daily down trend...
2.to use your intraday exposures while trading on a stock.you must be aware
of the trend,support,resistance,brakout etc.
3.and trading on till trend reversal.....
Strategy :-
you can play with your own strategy........the aim is to catch the trend and make your trade a success with you own trading system.....i use something close to pride's trading system in day trading...
Example :-
>for satyam in eod charts......i say a possible uptrend from 4th january....
>from 5th january i just bought at the opening price and sold near the
closing price till 8th.....
>from 5 to 8,it went from 100.50 to 112.80....
>the difference of the highest price of 8th and opening price of 5th was
almost rs.13 and i was able to bag in 7 rupees in 4 days.....
>i have dp account with motilal oswal and i use teir 5times intrday nse
exposer so i made a profit of 7*5=35 rupees per share including all charges
>so i think this is one of the best idea if you can spot the trend and get into
the trade with a perfect timing...
now here comes the difficulty........
Confusions & Queries :-
1.this was one of the first analysis with a little knowledge and also by broker adviced me to buy satyam for short term......so i tried this....if i will apply this system everytime then i will have to catch the trend as quick as possible to minimize the possibilities of loss
2.is it right to go with your exposures???coz i think it aslo maximizes the possibility of huge loss as well as huge profit....
help me please......
Help!!!!:sos::sos:
please help me out in this system.......
i think this is a very common idea and many of you have your own openion on thisone........
post your valuable comments and your suggestions.....
try to make the system better if you approve it.....
and if you dis-approve it then please clarify the reasons......
and if its approved by all of you experienced traders then we will later try to find out trends and make a watchlist of bearsh and bullish stocks for daytrading......
eod chart of satyamcomp is atached herewith.......
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