Day-trading by gut feel

#1
Hello all

Is it possible to day-trade by gut feel (with some help from MA cross-overs) if I stick to only ONE or TWO large caps like HDFC And/Or Reliance? (Rule is to trade strictly between 10 am and 2 pm).

If yes, then which MAs to choose?

If in addition to MA only one indicator is to be chosen (want to keep it simple) then which one should it be?

The whole idea is to give 60-70% importance to gut-feel and only remaining imp to basic TA and stick to that FOUR HOURS window (We have seen many times that market goes haywire after 2 pm).

Is anybody on this forum doing this with success for three months or more?

Thanks
pos_trader
 

Contra

Well-Known Member
#4
Gut feeling encourages bias and subjectivity (both are harmful for long-term wealth).
With it, you'll find yourself taking small profits and big losses.
Losses will run while profits will be cut off quickly (it should be the opposite).
Try an ORB strategy -- Opening Range Breakout.
It still has a good enough hit rate in equities.
 
#6
Hello All

Thanks all for a reply.
Out of all these, I found contra-reply (I mean reply by contra:)) most interesting.
I will do some google search on ORB and post my exp later in this thread.

Thanks again
pos_trader
 

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