Best way of day trading - 2652 theory of trading

[sunitas]

hi bandlab2/dhiraj,

thanx for ur prompt reply. if i only deal in 4 stocks except bank nifty will it b still ok.

sir m quite new to indian stock market

thnx n regs,

sunita

 

[prasadam]

bandlab2
i have tested it and i have came here not for ur suggestion so please be quite and do urself theory.
If, I can do all the theory than y should I came here, If I know all about software and hardware y will I be need to be here. i.e. the problem of ur guys u wanna to be no.1 but u cannot be no.1 if u understimate anyone like this.

dear sarlamonu,

you mistook his suggestion. All he wanted is to open a separate thread where we can discuss the setup, strategy etc.,

I too second his idea as we can have the whole strategy at one place.

wishing you all the best.

 

[prasadam]

prasadam,
I am sorry If I heart anyone, thanks for ur response I realise that but just I like to express my views. Ok as per ur suggestion I will be in another place.

post the link. will join you there.

All the best.

 

[dhiraj11378]

please note
2652 rules states that
highs and lows for the trading day should be taken from 10.15 to 10.35 am .
Never take a fresh stock after 10.35 , record highs and lows and put ur buy ans sell orders for that stock.the reason is that stock might have earned a profit for the first range factor in time range of 10.15 to 10.35
but if time is 10.30 and the stock had earned a profit on the first range factor , then take into account the second range factor and put in ur orders ( before 10.35 )

most important for every low made even after 10.35 , modify ur buy orders ( or buy values )
and for every high made modify ur sell order ( or buy value )

if have a profitable trade on sell or buy do not trade in that particular stock or index .strictly no , not even in opposite direction ( traders risk )
if u have a stop loss on one sell side then u must go in for next sell order or on buy side doubling the amount and enhancing the target to 0.8 percent )
mostly the second orders get a profit target .
If suppose second trade also fails ( which is rare case )
do not get bogged down , go in with same double quantity for one more trade in that day with the same tartget of 0.8 percent .
But with profit for the third trade , that day will be reffered as a loss day .
So for next day u must trade with double quantity for a sure profit trade

dhiraj

 

[sachinsamani]

prasadam,
I am sorry If I heart anyone, thanks for ur response I realise that but just I like to express my views. Ok as per ur suggestion I will be in another place.

Sarla,

Please don't feel bad and dont loose your temper. Everyone here is sharing thier view and we should respect everyone. Since you have come up with new setup and new strategy all we want is to start a new thread. We will participate in that thread and share our experience and our view. Once you start the thread please post the link in thread and most of us will partcipate. All the best dear.

Regards,
Sachin Samani.

 

[dayder]

Dear dhiraj, sunil, bandlab, sasi,
I came across this wonderful thread only afew days ago and I was much moved by the relentless work done on the matter by you all, for which first of all, I should congratulate you.

I'm using Moneypore trading terminal and the figures at 10.15 what I observe as high / low are very much different from what is posted here day to day. As for as prev.day's H/L are concerned, I take them from NSC F&O data, but only the current day's H/L are not understood by me.

In Moneypore trading terminal, on the intrday chart page, if I choose data-point, it shows every seconds H/L. When I take H/L from those datas available for all the sixty seconds, they differ from that are posted as from PIB, etc.,

I'd be thankful to you if a solution is provided for my situation, pl.

Yours in trading
dayder

 

[columbus]

Dear dhiraj, sunil, bandlab, sasi,
I came across this wonderful thread only afew days ago and I was much moved by the relentless work done on the matter by you all, for which first of all, I should congratulate you.

This reminds me of FUTURES INTRADAY TRADING thread when ASISH was
at his peak.Now in thread DHIRAJ is doing similar job.Keep it up.

 

[faith]

This reminds me of FUTURES INTRADAY TRADING thread when ASISH was
at his peak.Now in thread DHIRAJ is doing similar job.Keep it up.

columbus asish da was talking about some strategy a few days back on this thread ,I think he is busy .so soon we will have another gem here on the traderji by asish da.

faith

 

[columbus]

columbus asish da was talking about some strategy a few days back on this thread ,I think he is busy .so soon we will have another gem here on the traderji by asish da.

faith

Hi faith,

That is true,somewhere he mentioned that he procured new workstations
and busy installing them,till then let us wait for his brilliant idea.

 

[prasadam]

columbus asish da was talking about some strategy a few days back on this thread ,I think he is busy .so soon we will have another gem here on the traderji by asish da.

faith

dear Faith,

I think asishji meant to say stoploss (trigger) order at breakout/breakdown points.

I can give one clue to earn consistently 0.5 to 0.8 % with TIGHT Stop is Stop order entry in Break-Out / Break Down.

I mean ( feeling guilty to do it. but edited the post of asishji by adding the word which.)

I can give one clue to earn consistently 0.5 to 0.8 % with TIGHT Stop. Which is Stop order entry in Break-Out / Break Down.

correct me if I am wrong.