diary of a day trader

[prst]

u r right.

I saw the indicators on a variety of sites, but none is perfect.

if they give 10 indicators (bullish/bearish), only 4 of them will be correct.

 

[kkeskar92]

eye opener for day traders

http://finance.yahoo.com/banking-budgeting/article/109187/day-traders-20

i wonder how many are succesful here..?

I have watched the videos by today traders S Gomez on youtube.
I can say that they have successful trading and earning at least $ 1000 daily on an average. The incident in the above link seems to be a rare one.
They use 3 MA, stochs and volumes and scalp a few ticks on each trade.
They use a lightspeed trading terminal.

 

[TraderRavi]

5 april

booked loss = 970

until 3 pm there was a negligible profit but to cover brokerage and other charges i randomly entered a falling scrip and shorted it ...it turned and i ended up with big loss and that brkg problem worsened. how many times i have done that....overall bad day...

 

[TraderRavi]

6 april

Booked profit = 1500

2 positive , two negative trades ..ok but not very satisfying... i feel the positioning of SL is not good..when to book profit is a major issue for me..

TATASTEEL BUY 200 @ 677 , sell 100 @ 687 , 100 @ 691 scrip goes to 695..

EDUCOMP buy 200@ 768... SL hit @ 761

RENUKA buy 2000 @ 70.45 sell @ 70.9 scrip goes to 71.25..

the problem with trailing SL is they always get hit..and eat away profits.. i recently started using them...

 

[prst]

hi
can u plz tell me which trading strategy u used for intra day?

 

[Subhadip]

well u r learning by making losses...
dear friend i m new to market
best of luck

 

[TraderRavi]

7 april

Booked profit = 2600
target of 1000 per day after charges met...:thumb:
missed a very good chance on bharti airtel , watching its chart on TT when rises from 321 to 325 in few seconds..could not react.fast.. and then came down somewhat slowly..

first time used RT data in Amibroker...not very succesfully but its ok..learning about futures and options..but at present they are going above my head..a lot to read..may be some seniors help..

plans are there for swing trading and long term investment too after some time..

 

[Sunny1]

Re: 7 april

Booked profit = 2600
target of 1000 per day after charges met...:thumb:
missed a very good chance on bharti airtel , watching its chart on TT when rises from 321 to 325 in few seconds..could not react.fast.. and then came down somewhat slowly..

first time used RT data in Amibroker...not very succesfully but its ok..learning about futures and options..but at present they are going above my head..a lot to read..may be some seniors help..

plans are there for swing trading and long term investment too after some time..

lol . I cot at 319.2 but could not sell it at 325:annoyed: and then waited for it to rise againwhich never happend

 

[TraderRavi]

Re: 7 april

lol . I cot at 319.2 but could not sell it at 325:annoyed: and then waited for it to rise againwhich never happend

these things always happens to us ..good things never return .. while bad things dont leave...

 

[TraderRavi]

8 april

BAD DAY FOR SENSEX..BAD DAY FOR ME...DOWN WITH BHARTI AIRTEL and power cut off...:annoyed: