LEARN INTRADAY TRADING
Introduction:
If you are new to the day trading then you must be
wondering which method you should follow, which software is best for day trading
etc.
In this process of gathering information and
experiencing with new tools day traders used to lose maximum part of their
money. In all my seminars and lectures I have taught proven wonderful day
trading techniques
I will not recommend you to buy any particular software or tools to
implement that principle. Most of the time day traders used to forget their
finest experience in the stock market. I have pulled those finest experiences
and prepared this course for you.
I have devised this study into two parts in which at first I
will describe the basic principles of day trading and secondly I will
describe few examples and give you few home work.
You need to do some paper trade (virtual trade) to
practice this principle.
Types of Day Trading:
Day trading mechanism devised into
two categories.
Swing Trading: In this principle trader initiate positions keeping in mind that if the trade goes against the view then trader will initiate an opposite leg trade upon achieving the stop loss. Say you have bought 'X' scrip at 450 with stop loss 435.
Stop loss trading : In this principle trader initiate position with some stop loss in mind if the trade goes against the trader then trader exit the position with some acceptable loss.
As a swing trader your view will be if 'X' will
fall to 435 you will close your existing long position and re-enter fresh short
position in same counter.
Many mentors say about discipline and trade objective. I
would say that it is practically impossible to be a 100% disciplined trader.
However trade can have objective. I always say do not expect too much from market.
Be objective and keep minimum exposure with the help of decoupling method or
option hedging.
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