What do you follow for the pure intraday? Means What are your secrets? Mainly I go for Intraday Cash segments. No secrets as such - just know your strategy, stay disciplined, and use leverage with through understanding. Please go through the modules of zerodha varstity if you are a beginner. Trust me, its worth having a look at.
All the very best. Controlling emotions and Risk Management. Trading like a smart robot as per your strategy will add more efficiency. Because in Intraday we use leverage which may help us to gain more or loose more.
Be calculated in the risk before enter in to trade. Do not believe in secrets of other people, the secret lies within you, learn to discover your power. Just be thorough with Fundamental Analysis and have a good trading psychology besides a good discipline, a proper targets and risk management. Back test your own trading rule and be robot to follow it with strict stoploss.
Intraday options trading is much better thab cash. For cash trading your margins are higher and you have to square-off the same-day time bound. But in Options, even if you are in loss today, but expect the movement in your direction tomorrow, just hold it. That way the Pressure to Square-off is completely gone. Day Trading is a risky and challenging pursuit: Market makes moves in fraction of seconds and we need to act very fact to be successful at trading.
And we can act fast only when we have all the information about a stock, there are 's of stocks out there for trading. How do we decide which one we should choose for the day to perform successful day trading? Based on extensive quantitative research on Indian financial markets, an algorithm has been developed to provide better returns that could beat the human intelligence.
Problems with Equity Holdings: You can not make profits if market goes down. Problems with Equity Intraday: Problems with Stock Options: What is my Strategy?
Good Discount brokerage Account which charges you less brokerages. After having everything set, what do you want. Most Importantly you need some tips from somewhere. Generally small investors trade on news seen on TV. They just watch CNBC or some other channel and makes their own decision to trade.
But I have seen that they generally make losses with this approach. Small Investors always think that there are people inside market who can give valuable tips about doing intraday trading.
After researching in Internet about these tips, I found that these tips do not serves the purpose. I have subscribed for famous intraday tips for Rs Oh my god for one month, He generally gives one tip in a day. I was trading with major brokerage with 3 in 1 account. Tips worked for only half time, so what you got is what you loose and some dynamic trading by me made loss. After that I have changed my plan stopped trading for a month and checked what went wrong with me? So I have Immediately shifted to zerodha.
Zerodha he charges Rs 20 each order irrespective of size of order. And most importantly i have shifted to a Online web charts with automatic Buy Sell Signals. Which generates buy and sell signals in live market and its very cheap. So i have subscribed and started trading. Now my life has changed, I have made Rs Profit after paying brokerages of Rs only and Rs for Automatic buy sell signal. Several times I have missed heavy profits because i have squared off early. Now I got confidence and making nice profits.
For this to work, you need a huge capital and the profitable day traders kitty is always full. Thank you for providing your valuable comments. For free intraday strategies please visit: Basic Understanding of Index options, Call Put etc. Good Android smart phone with 3G Internet and required App's. I have paid Rs as brokerages Can u believe this?
Paid Rs for tips. I got this Thanks and Happy trading. Visit my blog https: Check out the below things you should know before you start Intraday Trading. Be comfortable with the truth that you cannot always win the trades. Losses will occur occasionally. If you start day trading with a mindset to get rich quick, you will lose the money and will end up disappointed.
You will have more opportunities to trade as you did not invest all of your capital on a single trade or in a single day. Wait for the next week. There are no shortages of good trading opportunities in the market. For example, if you are earning Rs per week on Rs investment, your investment will be recovered in week 5. Make it your goal to recover your initial investment before you begin to take more risk. Do not just trade anything just because it looks fancy. Make a checklist of what you want to trade and back it up with why you want to trade.
Learn to read the Candle Stick chart patterns and price action indicators. Learn to identify trends. Do not trade anything without a reason. Your trade must be backed up with proper analysis. At the end of the day compare your results with your trading plan and see where it went right or wrong.
You know how gamblers lose their money? When they start losing money they start gambling more in search of the one Golden Bet that will recover all their previous losses. Draw your limits and make sure you do not cross them. Stick to your plans. This is what differentiates an amateur trader from an expert. An expert trader avoids over thinking and over analyzing.
If your technical analysis reflects a positive sign on a trade, go for it. Never let greed, temptation and anger muddle your trading decisions.
Learn to master your emotions. Market does not care about your feelings. Most of the beginners blame market when they lose money.
It is up to you to make proper decisions based on proper analysis. Make sure your decisions are based on your trading plans and analysis, not on your emotions. The one thing that an average trader is advised not to do.More...