....................
most of my losses and big losses are due to late entry and late exit. lost too much in nifty.
........................
my data software trial expires and working around getting free data in ami.
..................................
Hi sunny,
If I am in your position,
1) I will switch to cash segment.
2) At 9:50 AM, watch the European, US & Asian market indices.
At 10:00 AM, I will watch Nifty, Sensex and the BSE sector Indice performance and try to guess the market trend whether it will be UP or DOWN or sideways.
If my guessed trend is sideways, I will only watch the market and analyze my strategies.
3) If the trend is UP or DOWN, then only, I will Trade by identifying 4 stocks from 2 sectors, such that both the sectors and stocks follow the trend predicted by me.
4) I can get Intraday data into AB for the selected stocks through the free software available at the forum.
5) I will trade in NSE only in the direction of the predicted trend at the appropriate time based on the technical indicators followed by me setting proper limits to my Losses and profits too, if any.
The technical Indicators followed by me presently are Bollinger Bands, RSI and MACD. Here, I need to omprove upon my strategy.
You may offer your comments on this strategy.
Thanks for your time and all the best for you.
murthymsr