Hi all,
I have learned a lot from traderji i love to say thanks to all who gave valuable information here .here i will discuss a stratergy which i developed,Now i am doing with that it is quite profit
Momentum trading
1.You Have to choose a stock which is Volatile & it should move up or down But shouldn't move in sideway
2.If a stock going down or up continously 1 - 2 % For ex unitech move 103 from 101 or vice versa in a span of 10 to 30 min you can select that stock for trading that day
3.you should go with a latest trend of the stock ,after long or short u should fix the stoploss of .5 % .in SL buy or short but double the qty which u traded earlier
4.If if it reaches the stoploss you will have the same qty & but in opp direction
5.If it stock is going in profit every 0.5 % you have to modify the stoploss by adding .5% profit in it
Adv :
1.You no need to consider the moving up or down if a stock moving up by 3 % & coming down by 3% the stock price will be same but you might get 5 %
2.Sudden price hike or down will give you lot of profit
Comment & doubts are welcome
Regards,
Venkatesh
I have learned a lot from traderji i love to say thanks to all who gave valuable information here .here i will discuss a stratergy which i developed,Now i am doing with that it is quite profit
Momentum trading
1.You Have to choose a stock which is Volatile & it should move up or down But shouldn't move in sideway
2.If a stock going down or up continously 1 - 2 % For ex unitech move 103 from 101 or vice versa in a span of 10 to 30 min you can select that stock for trading that day
3.you should go with a latest trend of the stock ,after long or short u should fix the stoploss of .5 % .in SL buy or short but double the qty which u traded earlier
4.If if it reaches the stoploss you will have the same qty & but in opp direction
5.If it stock is going in profit every 0.5 % you have to modify the stoploss by adding .5% profit in it
Adv :
1.You no need to consider the moving up or down if a stock moving up by 3 % & coming down by 3% the stock price will be same but you might get 5 %
2.Sudden price hike or down will give you lot of profit
Comment & doubts are welcome
Regards,
Venkatesh
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