Hello Everyone,
After I looking at "Best way of day trading - 2652 theory of trading" post by dhiraj11378, Here is the another logic which I would like to share with you all if you are looking for .5% profit.
Profit Percentage: 0.5% or 0.6%
SL Percentage: 0.85% or 1%
Time to enter: After 9:20 AM
Steps to follow:
1. Go to NSE site and click on the top gainers list. Let say RCOM is one of the top gainer and it's currently trading at 99.5 and day high is 100.
2. Wait till RCOM reach 99 which means that the stock which you are selecting has to drop 1% from it's day high. Once it drops 1% or more which means this stock is eligible for putting order. Add to this in your watchlist
3.Calculate .6% from its day high.In our case it is .60 paisa. so 100 - .6 = 99.4 (Let say this is eligibile price). The eligible price help us to aviod much orders
4.Calculate .18% from its day high.In our case it is .18 paisa. so 100 - .18 = 99.8 (Let say this is buy price).
5. Whenever current RCOM price crossing the eligible price then put buy above order at the buying price which is 99.8.
6. So if the buy order executes 99% it will definitely break the day high and it goes minimum .3 percentage from there which is 100.3 and it our sell order
7. The stocks should have the decent volume
I have been doing the paper trade for this last 6 months and it gives me more than 85 to 90 % success ratio. Here I am not manually watching. I have developed small java application and which sends me report every 30 minutes.Many times I have seen stocks went to 10% up from our buying price.
All I am not that much good in English, please excuse me
Reverse for shorting.. take from top losers
have attached the sample report
PS: Dont put any new order after 3 PM. Also please dont trade directly.. Please do paper work before you start.
Thanks
Bala
After I looking at "Best way of day trading - 2652 theory of trading" post by dhiraj11378, Here is the another logic which I would like to share with you all if you are looking for .5% profit.
Profit Percentage: 0.5% or 0.6%
SL Percentage: 0.85% or 1%
Time to enter: After 9:20 AM
Steps to follow:
1. Go to NSE site and click on the top gainers list. Let say RCOM is one of the top gainer and it's currently trading at 99.5 and day high is 100.
2. Wait till RCOM reach 99 which means that the stock which you are selecting has to drop 1% from it's day high. Once it drops 1% or more which means this stock is eligible for putting order. Add to this in your watchlist
3.Calculate .6% from its day high.In our case it is .60 paisa. so 100 - .6 = 99.4 (Let say this is eligibile price). The eligible price help us to aviod much orders
4.Calculate .18% from its day high.In our case it is .18 paisa. so 100 - .18 = 99.8 (Let say this is buy price).
5. Whenever current RCOM price crossing the eligible price then put buy above order at the buying price which is 99.8.
6. So if the buy order executes 99% it will definitely break the day high and it goes minimum .3 percentage from there which is 100.3 and it our sell order
7. The stocks should have the decent volume
I have been doing the paper trade for this last 6 months and it gives me more than 85 to 90 % success ratio. Here I am not manually watching. I have developed small java application and which sends me report every 30 minutes.Many times I have seen stocks went to 10% up from our buying price.
All I am not that much good in English, please excuse me
Reverse for shorting.. take from top losers
have attached the sample report
PS: Dont put any new order after 3 PM. Also please dont trade directly.. Please do paper work before you start.
Thanks
Bala
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