i love day trading

[CreditViolet]

Dear friends

Very intersting topic. Any body can tell me what is good time frame for day trading i.e 1,2,5,10,15,30,60 min.

Regards

Also check out tick charts

 

[CreditViolet]

do you love day trading?????

Not at all, its so boring. I am constantly on lookout to distract myself during markets..tried chatting with people but only found conceited newbies.After a few years in the business trading is like watching paint dry, nothing exciting about it.


CV

 

[ratan jain]

whoosh!!!!!!! thats a lot of trades!

Anyways congrats on keeping records, more so, for keeping a track of where u went wrong.

Tum tiko ge . likh lo.

one advice...it takes quite a long time to learn...if you trade at 10 times leverage, there are chances that one big price shock can drive u out of business. come down to 4 times, pref 2 times, till u improve trading.

at least u keep records, very few if any traders keep records

best of luck

 

[NAVEEVIa]

Hello CV
I had posted a message which i delted after a few mins to which ratan has replied.
well i am a a newbie in trading & beeen unsuccesful for 8 months now in daytrading, u can call me a breakeven trader at best.
My trading plan is very simple
1. i list the top 50 most active stocks
2. whether to go ongor short can be at best said to be arbitrary , either i follow the trend oe i look for the path of least resisitance
3. my trades dont last for more than 10 mins at best normally 1-2 mins
i know with what i am doing i cant survive long
i am posting my trades done today
U r right ratan with 10 times leverage one big price swing can wipe me out, but there is a peculiar thing with my broker i had 10000 in my a/c today so i can take a position of 100000 this will remain so thru out the day whthet i suffer a loss or profit, at one point after my indiacement trades i was doen 3000rs but still i can trde with 100000 posotion
BTW CV & Ratan normally hw many trades u do in a day
comments invited
Naveen

 

[innocent_trader]

Hello CV
I had posted a message which i delted after a few mins to which ratan has replied.
well i am a a newbie in trading & beeen unsuccesful for 8 months now in daytrading, u can call me a breakeven trader at best.
My trading plan is very simple
1. i list the top 50 most active stocks
2. whether to go ongor short can be at best said to be arbitrary , either i follow the trend oe i look for the path of least resisitance
3. my trades dont last for more than 10 mins at best normally 1-2 mins
i know with what i am doing i cant survive long
i am posting my trades done today
U r right ratan with 10 times leverage one big price swing can wipe me out, but there is a peculiar thing with my broker i had 10000 in my a/c today so i can take a position of 100000 this will remain so thru out the day whthet i suffer a loss or profit, at one point after my indiacement trades i was doen 3000rs but still i can trde with 100000 posotion
BTW CV & Ratan normally hw many trades u do in a day
comments invited
Naveen

i think u r using the cash credit provided by ur brokerage house which is very dangerous, cause i suffered heavy losses a couple of days ago while using the cash credit system because i was unable to transfer from intraday to cash when the price went down from my purchase price. i think its best to use ur own money for trading so at least u can transfer ur stock from intraday to cash n wait for a couple of days till the stock has gone up again n make some profit also, i hope im not wrong.

 

[hmp]

P.n. : This Method Is Just For The Discusson. I Have Never Tried It Before.
I Just Went Thru This Thread And Worked Out This Method. All Types Of Suggestions Are Invited.
Keep Aside 10,000 Your Total Risk. And Play This Sets.start From The Set-1
Brockerage And Other Charges Are Not Taken Into Account.
Risk/reward = 1:2.5 For Each Set.

Set Risk Total Risk Target Reward

1 400 400 1000.00 1000.00

2 575 975 1437.50 1037.50

3 800 1775 2000.00 1025.00

4 1120 2895 2800.00 1025.00

5 1570 4465 3925.00 1030.00

6 2200 6665 5500.00 1035.00

7 3080 9745 7700.00 1035.00

Start From The Set- 1 . If You Hit The Target In Any Set Start afresh From Set-1.

If You Lose All The 7 Sets In A Row, Consider Yourself Not Worthwhile For Day Trading Or Review Your System.

Any Suggestions To Improve?

Regards

Hmp.
.

 

[mehta]

do you love day trading?????

yes i love day trading

 

[NAVEEVIa]

P.n. : This Method Is Just For The Discusson. I Have Never Tried It Before.
I Just Went Thru This Thread And Worked Out This Method. All Types Of Suggestions Are Invited.
Keep Aside 10,000 Your Total Risk. And Play This Sets.start From The Set-1
Brockerage And Other Charges Are Not Taken Into Account.
Risk/reward = 1:2.5 For Each Set.

Set Risk Total Risk Target Reward

1 400 400 1000.00 1000.00

2 575 975 1437.50 1037.50

3 800 1775 2000.00 1025.00

4 1120 2895 2800.00 1025.00

5 1570 4465 3925.00 1030.00

6 2200 6665 5500.00 1035.00

7 3080 9745 7700.00 1035.00

Start From The Set- 1 . If You Hit The Target In Any Set Start afresh From Set-1.

If You Lose All The 7 Sets In A Row, Consider Yourself Not Worthwhile For Day Trading Or Review Your System.

Any Suggestions To Improve?

Regards

Hmp.
.

Dear HMP
I did not much get ur point.
I always keep a stoploss of 0.5% which i trail
Now trading ub stocks like redington, GBN Cinemax etc my stops are hit very frequently
I will reduce my leverage to 5 times
But why in ur set 2 & after that risk & total risk are different
Also another question hw long on an average ur trades last when daytrading
Thnx
Naveen

 

[hmp]

Total Risk In Set-2 Is Loss In Trade-1+ Loss In Trade -2 If Ur Stoploss Gets Hit In Set-2. That Is 400+575=975.
Duration Of Trade Is Till Ur Stoploss Gets Hit Or Acheived Target.
Regards
Hmp.

 

[biyas10]

yes i love day trading

at least i got a friend .....