Basic Doubts !!!

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  #1  
Old 13th October 2005, 08:36 PM
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Join Date: Sep 2004
Location: Chennai
Posts: 57
snowy is on a distinguished road
Default Basic Doubts !!!



Hi,

Being a learner i have a lot of small doubts which I am sure will sound silly.

First of all, how important is the intraday data for someone who is swing trading ? In these days of heavy volatility, and huge price swings during the day when should one buy and when should one sell (during the day) ?

Even if i decide only to do swing trade what is the frequency with which i should monitor intraday data so that i dont happen to lose out ?

All the indicators etc which are used mainly on closing price may indicate a buy the next day but the price at which the order is executed is anyone's guess. So to prevent that should I always give a limit order ?

Another question that comes to my mind is regards stoplosses. If I keep stoploss orders, sometimes during the day the intraday swings take out my stoploss, but the closing price is not even close to the price where my stop loss is hit. So should the stop loss be just a mental one ? And in that case what about days when suddenly the stock closes way below my stop loss ? So that is the reason why i want to know the intraday monitoring frequency to avoid such things.

Any help will be appreciated.
Regards,
Kalpana.

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  #2  
Old 13th October 2005, 08:55 PM
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Join Date: Oct 2005
Location: Pune
Posts: 19
mitr is on a distinguished road
Default Re: Basic Doubts !!!

Hi Kalpana ! The Intraday data is not too use ful for swing trade ; but the intraday data gives u closing prise & opening prise with % of delevery of stock of that day ., That Data u can see on WWW.NSEINDIA.COM in Top Gainer & loosers . so that may help u to swing trade !
Regarding Idicators , The moving avarage is best one i thought for shortterm . But while u going to swing trade u must be care ful with Market In this condition . be cause Market is too volatile & little bearish !
For More Articles on Swing trading u cam mail me on mitr_to_you@************* ... I will send u some mail for intraday & swingtrading
hopw this will help u little much .
Have A Nice time .
bye

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