* I follow simple scalping method , 1 min chart , if 3 candle go green I buy and if 3 candle go red I sell .
*
trade time 9.30 to 11.00 : if sensex is
green I go for
buy or vice versa
*
trade time 11.00 to 12.30 : wait for sensex to be
oversold or
overbought , if oversold i go for
sell or vice versa.
*
target : 0.2% to 0.5% (
that is small though ) But I am happy with it.
* I trade when I am completely free of other tension. (otherwise loss is sure )
*Stop loss : My general stop loss i 0.50% , but I keep it in mind but never placed SL order.
* After execution of an order , I place target of 0.50% and wait , if candle say to execute I modify the order immediately . Even a small profit is better than loss.
* I use 50% of my margin and only one trade a time .
* I may wait for 1-2 hr for execution , after execution I hardly keep my my position open for more than 30 min.
It works if I follow my discipline.
Please tell me if any improvement I can make .
Today's trade :
Today I missed first half of trade.
https://drive.google.com/file/d/1WjO_z9Lekx-tClqdbwE2ZuG-M3-a0mVg/view?usp=sharing
I sold 2000 qty at 3rd candle @ 231.60 and my target was 230.60
Got Rs. 2000 . I could get more if I trail but it is enough for today.