Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.
I dont do any kind of techincal analysis.
My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.
Let us know your comments about my trading strategy.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.
I dont do any kind of techincal analysis.
My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.
Let us know your comments about my trading strategy.