Day Trading Stocks & Futures

[vivektrader]

After trading for many years,I have made following rules to myself.: For intraday trading :

1) NEVER average a losing position....cut it and book and define the loss...my position cannot be in loss for more than 15 min max...

2) Be ruthless in cutting the loss....be little relaxed in profit taking...here I give max 2 Minor pivots for the market from its lowest low while profit booking .when I have profitable the short position .Never let the market take away too much of accumulated profit in the trade.

3) NEVER let a winning position turn into a loser

4) On a strong trending day hold till the end because strong trend days close near day’s high or low in direction of the trend.

5) Never get into a revenge trade...market is a friend not our enemy...

These are very common rules but thought of posting as they have greatly helped me in intraday trading.

ST

Do you consider daily trend or fundamentals while trading price action intraday?
Or 6times higher tf only?
Like no point shorting something like Bajaj finance

 

[Smart_trade]

Do you consider daily trend or fundamentals while trading price action intraday?
Or 6times higher tf only?
Like no point shorting something like Bajaj finance

Intraday trading on only short term trend....no fundamentals no daily timeframe...nothing..just short term trend.

For shorting choose a weak scrip like Tata Motors .One can short indices futures based on short term trend.I won’t look to short HDFC Bank because it won’t give big move down....

ST

 

[kharikumaar]

we may still see 11650 today. the volumes are on the higher strikes. so its better to be cautious

 

[against_tides]

https://pbs.twimg.com/media/D_FhEnhUEAA2KZY.jpg:large

 

[Riskyman]

https://pbs.twimg.com/media/D_FhEnhUEAA2KZY.jpg:large

I can imagine that Bull sleeping on him

 

[against_tides]

I can imagine that Bull sleeping on him

haha..and the bull is not wearing chappals too...not willing to anywhere

 

[vikas2131]

Importance given by ET to Trump's Tariff Tweet. Page 13. Small corner. Earlier it used to hog the headlines.

 

[siddhant4u]

Indigo started flying too (in wrong direction)


https://economictimes.indiatimes.co...s-sebis-intervention/articleshow/70145629.cms

 

[against_tides]

Importance given by ET to Trump's Tariff Tweet. Page 13. Small corner. Earlier it used to hog the headlines.

trump single line is much powerful than all the financial newspapers together

 

[PreSap]

Slow day on the forum?