need guidance

#1
hello friends

i am newbie to stock market and at present doing paper trading, intrested in intraday trading pls. guide me what shoud be stratgies for next day trading when trends are not clear, for example i am pasting here 12 days daily chart of hero honda, can you suggest weather this stock would go up or down tomorrow,how do i know weather to go long or short for a particular stock while doing intraday trading.

regards
nilesh mishra
 
Last edited:

AW10

Well-Known Member
#2
Nilesh, forget such stocks that are going in sideway direction.. Making money in such stocks is difficult.
Pickup something that is in trend, either up or down.

Read something about Technical analysis and also about position size and risk management. (you can google on these topics or seach in Traderji). and make your battle plan.
Without proper plan, our chances of winning any battle are very low. and daytrading is no different.. You are up against some of the best and shrewdest brain out there.

Happy Trading
 

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