Day Trading Tips

B

bjnaikhot

Member
#3
#3
the wholerld indices are near to their important resistance levels...we will start correcting from 17950-18003 sensex level from monday/tuesday...although i hope the correction will be accumulation only to break-out on the upside up to 18500 and more..intersted students of technical analysis,,watch for monthly bullish candle patterns in stocks which made hammer like patterns in monthly charts
 
mahesh2007

mahesh2007

Active Member
#6
#6
hpkulkarni said:
hello all members,
i am interested in day trading. but alwaya getting loss most of times. pl suggest.
Click to expand...
First a day trader should trade on a good trading platform. it should be application based so that u shall get real time streaming quotes(ie u dont have to refresh the page,some platforms refresh the page after a specific time period this too should be avoided).

New trader starts with less volume so brokerage system of banking brokers (idirect,paisa builder) offers less room for profit.
choose a broker with minimum brokerage.

Make a strategy whether to use news or pure charts for making a base for trading.

If charts are to be considered learn RSI and Moving averages in the begining.
Thereafter u can go for stochastics, parabolic SAR etc.

After sometime u may go for advance strategies.
Last but not the least..
There is no trader in the world who has not lost money at sone time or other.
What u have to do is put your efforts to minimize losses and maximize gains.

Good Luck
 
S

sanyad74

Active Member
#8
#8
can you guys suggest How to get the real time streaming.. I am using reliance platform and is worst.. alway need to referesh..
Please suggest>
rgds
 
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