Hello traders,
I have shifted my trading platform from ICICI to ventura and i just find their Pointer software excellent ... and easy. Additionally their brokerage is also less ...0.025% intraday and 0.17% for delivery. i find using their platform for intraday trading very easy.. though the charts are displayed for only 1 day.
My tips for intraday players from experience....
1) Start with enought funds in ur account.
2) Do not trade more than u can afford.. even though most of the trading platforms give u 4 times or 10 times the margin. If u can afford a lakh, which should be the minimum then play only for that.
3) Watch 1 or 2 stocks carefully everyday, where volumes are high enough...Move to another stock if u find that volumes are scarse.
4) At 10 am if the stock has moved in the upward trend of say 10 %, than the previous days closing rate, u can short sell 1/3rd of the amount... and wait for another 10 % hike to short sell another 1/3. Most of the time the stock will begin to fall by the time it achieves the 10 % hike due to selling pressure in market.
5) Wait for considerable fall and then raise a buy call well before 12:30 pm. That way u would have made good and decent profit.
6) If u r unable to cover ur short, dont worry... u still have 2/3rd money left and T+2 days to buy the stock back on delivery basis which is not too high a brokerage anyway... Buy back in the next 2 days at a lower rate and move on.
7) Never be gready and short sell more than 1/3 .
This is the way i trade.
Any comments?
I have shifted my trading platform from ICICI to ventura and i just find their Pointer software excellent ... and easy. Additionally their brokerage is also less ...0.025% intraday and 0.17% for delivery. i find using their platform for intraday trading very easy.. though the charts are displayed for only 1 day.
My tips for intraday players from experience....
1) Start with enought funds in ur account.
2) Do not trade more than u can afford.. even though most of the trading platforms give u 4 times or 10 times the margin. If u can afford a lakh, which should be the minimum then play only for that.
3) Watch 1 or 2 stocks carefully everyday, where volumes are high enough...Move to another stock if u find that volumes are scarse.
4) At 10 am if the stock has moved in the upward trend of say 10 %, than the previous days closing rate, u can short sell 1/3rd of the amount... and wait for another 10 % hike to short sell another 1/3. Most of the time the stock will begin to fall by the time it achieves the 10 % hike due to selling pressure in market.
5) Wait for considerable fall and then raise a buy call well before 12:30 pm. That way u would have made good and decent profit.
6) If u r unable to cover ur short, dont worry... u still have 2/3rd money left and T+2 days to buy the stock back on delivery basis which is not too high a brokerage anyway... Buy back in the next 2 days at a lower rate and move on.
7) Never be gready and short sell more than 1/3 .
This is the way i trade.
Any comments?
