Scalper's Forum
- Thread starter trader111
- Start date
Actually I do not have a slightest hint of what these charts are for. If they are other than Indian stock then my friend you are just waisting your time and effort (our as well) to post it here. Find some other suitable place where people will be interested in. I hope you will take this in right spirit. Thanks.
They are not charts but my trading blotter 
which illustrate my style of scalping. So far I've posted scalps for almost all market conditions. I've been already contacted by * through PM, hence shall continue to cover various other tickers.
Kindly neglect them
which illustrate my style of scalping. So far I've posted scalps for almost all market conditions. I've been already contacted by * through PM, hence shall continue to cover various other tickers.Kindly neglect them
where are u these days?
kripal
Something want to add on How scalpers do trading
Good scalpers are very good in identification of stocks , means selection of stock, every one sees chart but art is to identify whether particular stock will move fast while going down or up ?
Or in simple words which side particular stock will move faster .
One easy way to find is compare stock movement with movement of Nifty. Open stock's Intraday charts with Nifty futures Intraday chart and try to observe whether stock goes in tandem with Nifty, when nifty goes up or when nifty goes down .
Observe Movement in first hour and after that u can bet or scalp safely .
For Example you have selected 6 stocks for Intraday trading but not sure on which side they will be more safer and more profitable in less time , than identify movement of indiviudal stock wit nifty and arrange them into group of shorting or going long.
When to Short or When to go long
While posting this post I am assuming that reader does not short stock just because price has risen too much and vice a versa but because of some technical reason or in simple words on any technical buy / sell signal .
This buy / sell signal can be of any type the better it will be better will be the result , it may be Moving average cross , MACD cross or any other hard core signal .
Now coming to actual logic
When to short :
1) Because technical signals also gives fake signals too , so out of 6 above said stocks he will short only those stock whose movement is faster when Nifty goes down .
2) But a good scalper is not just satisfied with above process only , he wants more to assure that his trades must always profitable (IF not always than most of times)
So he will look sell signal in both stocks and Nifty and will short stock only if their is sell signal Nifty too else normally he will ignore sell signal of stock.
When to go long:
Just reverse above rules of shorting
How much is good target for a scalper :-
1 % movement is very good for any scalper and 2 % is like a lottery but main aim of a good scalper is to always exit in profits , will be happy even if he gains above half a percentage.
To better explain will try to post charts tomorrow after market hours :
Just for explanation I am selecting 6 stocks for tomorrow trading
1) Reliance Capital (First assumption is for going long)
2) Axis Bank (First assumption is for going long)
3) Century Textile (First assumption is for going long)
4) RCOM (First assumption is for going Short after initial up movement )
5) NALCO (First assumption is for going Short after initial up movement )
6) NTPC (First assumption is for going Short after initial up movement )
Along with 6 stocks , Tata Power is my darling stock , in which i trade daily
Never take first assumption so seriously , main decision have to take in first hour after observing movement of stocks with Nifty .
Disclaimer : I am not very good scalper just in process of learning and got excited after seeing this thread. Please correct me where i am wrong so can learn something from you .
Devan
Good scalpers are very good in identification of stocks , means selection of stock, every one sees chart but art is to identify whether particular stock will move fast while going down or up ?
Or in simple words which side particular stock will move faster .
One easy way to find is compare stock movement with movement of Nifty. Open stock's Intraday charts with Nifty futures Intraday chart and try to observe whether stock goes in tandem with Nifty, when nifty goes up or when nifty goes down .
Observe Movement in first hour and after that u can bet or scalp safely .
For Example you have selected 6 stocks for Intraday trading but not sure on which side they will be more safer and more profitable in less time , than identify movement of indiviudal stock wit nifty and arrange them into group of shorting or going long.
When to Short or When to go long
While posting this post I am assuming that reader does not short stock just because price has risen too much and vice a versa but because of some technical reason or in simple words on any technical buy / sell signal .
This buy / sell signal can be of any type the better it will be better will be the result , it may be Moving average cross , MACD cross or any other hard core signal .
Now coming to actual logic
When to short :
1) Because technical signals also gives fake signals too , so out of 6 above said stocks he will short only those stock whose movement is faster when Nifty goes down .
2) But a good scalper is not just satisfied with above process only , he wants more to assure that his trades must always profitable (IF not always than most of times)
So he will look sell signal in both stocks and Nifty and will short stock only if their is sell signal Nifty too else normally he will ignore sell signal of stock.
When to go long:
Just reverse above rules of shorting
How much is good target for a scalper :-
1 % movement is very good for any scalper and 2 % is like a lottery but main aim of a good scalper is to always exit in profits , will be happy even if he gains above half a percentage.
To better explain will try to post charts tomorrow after market hours :
Just for explanation I am selecting 6 stocks for tomorrow trading
1) Reliance Capital (First assumption is for going long)
2) Axis Bank (First assumption is for going long)
3) Century Textile (First assumption is for going long)
4) RCOM (First assumption is for going Short after initial up movement )
5) NALCO (First assumption is for going Short after initial up movement )
6) NTPC (First assumption is for going Short after initial up movement )
Along with 6 stocks , Tata Power is my darling stock , in which i trade daily
Never take first assumption so seriously , main decision have to take in first hour after observing movement of stocks with Nifty .
Disclaimer : I am not very good scalper just in process of learning and got excited after seeing this thread. Please correct me where i am wrong so can learn something from you .
Devan
Niks
Wanted to post charts during market hours , but being in process to become scalper , never gets time during market hours and after market hours those charts becomes as useless as this chart .
But want to give some explanation what I try to find in Intraday charts :
1) If i select 6 stocks for today then will never see 7th stock's chart in intraday but will try to find opportunities in those 6 stocks only
2) Personally believes that all stocks have operators, Operators are nothing but a group of traders who trades in large quantity and use Technical analysis as their main weapon to earn and to make others fools.
3) Try to find out mood of operator of particular stock is bullish or bearish by seeing stock movement in comparison of Nifty movement .
Possible results of comparison of stock movement with Nifty movement .
a) Stocks moving in Tandem with Nifty on both side i.e. upside and downside , Means stock movement will more depend on Nifty so its better to trade for max 1 % gain in these type of stocks after confirming buy signal in both stock as well as in nifty and sell signal while shorting.
b) Stock refusing to go much down and trading Range bound* while nifty goes down , It means stock operator is bullish today and stock will go up faster than speed of Nifty in Up trend today (Wait for buy signal in both stock and Nifty and go long for minimum 1 % gain and Max 2 % gain)
C) Reverse of case (b) , stock refusing to go much up and trading in a definite range* when Nifty is going up , It means stock operator is bearish today and speed of his downside journey will be faster than Nifty or any other stock (Go short when sell signal comes in stock as well as in Nifty for minimum 1 % and max 2 % gains)
Once stock is bought than sell order window must be opened with a non greedy mind , Daily target must be set for example if my tomorrow's target is RS. 5000 than will expect a profit of 400 - 500 from every trade in stock type (a) and 600 - 1000 from stock type (b) or (c)
Will trade accordingly that 1 % of gain is capable to give RS. 500
Will Post more as I will Learn , Market is best teacher for all of us
Devan
Wanted to post charts during market hours , but being in process to become scalper , never gets time during market hours and after market hours those charts becomes as useless as this chart .
But want to give some explanation what I try to find in Intraday charts :
1) If i select 6 stocks for today then will never see 7th stock's chart in intraday but will try to find opportunities in those 6 stocks only
2) Personally believes that all stocks have operators, Operators are nothing but a group of traders who trades in large quantity and use Technical analysis as their main weapon to earn and to make others fools.
3) Try to find out mood of operator of particular stock is bullish or bearish by seeing stock movement in comparison of Nifty movement .
Possible results of comparison of stock movement with Nifty movement .
a) Stocks moving in Tandem with Nifty on both side i.e. upside and downside , Means stock movement will more depend on Nifty so its better to trade for max 1 % gain in these type of stocks after confirming buy signal in both stock as well as in nifty and sell signal while shorting.
b) Stock refusing to go much down and trading Range bound* while nifty goes down , It means stock operator is bullish today and stock will go up faster than speed of Nifty in Up trend today (Wait for buy signal in both stock and Nifty and go long for minimum 1 % gain and Max 2 % gain)
C) Reverse of case (b) , stock refusing to go much up and trading in a definite range* when Nifty is going up , It means stock operator is bearish today and speed of his downside journey will be faster than Nifty or any other stock (Go short when sell signal comes in stock as well as in Nifty for minimum 1 % and max 2 % gains)
Once stock is bought than sell order window must be opened with a non greedy mind , Daily target must be set for example if my tomorrow's target is RS. 5000 than will expect a profit of 400 - 500 from every trade in stock type (a) and 600 - 1000 from stock type (b) or (c)
Will trade accordingly that 1 % of gain is capable to give RS. 500
Will Post more as I will Learn , Market is best teacher for all of us
Devan
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