I have few setups of my own for intraday and swing trading. I do not invest as of now.
I am opening this thread for discussion purposes. It is not about some holy grail. It is not about providing any setup. It's a discussion thread on how we can approach intraday trading. The point is we have to keep it simple. Need for the topic exist (at least for me) because I am accustomed to seeing only my setup when there already exist many pointers or way to scan the market and people are already using it. While my method is simple and stable, I have to sit free sometimes and capital is lying idle. Although taking no position is a position. But we are in ever learning ever evolving business which is new every day. So I want to give thought to another point of views too and see how can I benefit from them. Modify them according to my need or can incorporate them in my existing systems. Using them where I can find a trade, where I can't on my systems.
Charts explanations are welcome. I will contribute too. Basic necessity of any method would be
1. Entry logic
2. Stoploss
3. Reward
4. Risk Reward Ratio should be good
4. Percentage chances of success
5. Worst case scenario
Note - I am not here to teach any stuff. I am myself learning. As previously explained, I already have a working method. I want to explore more.
Regards
rajputz
I am opening this thread for discussion purposes. It is not about some holy grail. It is not about providing any setup. It's a discussion thread on how we can approach intraday trading. The point is we have to keep it simple. Need for the topic exist (at least for me) because I am accustomed to seeing only my setup when there already exist many pointers or way to scan the market and people are already using it. While my method is simple and stable, I have to sit free sometimes and capital is lying idle. Although taking no position is a position. But we are in ever learning ever evolving business which is new every day. So I want to give thought to another point of views too and see how can I benefit from them. Modify them according to my need or can incorporate them in my existing systems. Using them where I can find a trade, where I can't on my systems.
Charts explanations are welcome. I will contribute too. Basic necessity of any method would be
1. Entry logic
2. Stoploss
3. Reward
4. Risk Reward Ratio should be good
4. Percentage chances of success
5. Worst case scenario
Note - I am not here to teach any stuff. I am myself learning. As previously explained, I already have a working method. I want to explore more.
Regards
rajputz
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