Day Trading-Rules & Learning

Please vote as per your actual experience in “Stock Market”

  • I am earning in “Day Trading”

    Votes: 73 37.1%

  • I am in losses because of “Day Trading”

    Votes: 59 29.9%

  • I believe no one can earn in “Day Trading”

    Votes: 8 4.1%

  • I am earning in “Short Term Positional Trading”

    Votes: 19 9.6%

  • I lost money in “Short Term Positional Trading”

    Votes: 10 5.1%

  • I am earning in “Long Term Investments” & that is the only safest way.

    Votes: 13 6.6%

  • I am in net losses from Stock Market & I believe no one can earn from Stock Market.

    Votes: 15 7.6%
  • Total voters
    197
V

ving

New Member
#51
#51
Whisky good trade... I am not making profits though :( Please guide me with the methods to predict market movement...how did you say NF will go to 5980...
 
W

whisky

Well-Known Member
#52
#52
ving said:
Whisky good trade... I am not making profits though :( Please guide me with the methods to predict market movement...how did you say NF will go to 5980...
Click to expand...
It comes more by experience, there are many things involved not just technical movements and can't put every aspect. I am also not 100% perfect all the times because many things to track & anything can get miss any time. I also keep close watch on others experienced traders in TJ & then take my final call, sometime just opposite of majority. ;)
For 5980, 2 triggers are working one is US$ is getting strengthen & the other is many longs are trapped by Nifty & still traders are in bullish mode. So market is doing opposite of sentiments.
Nifty Spot in morning tested below 6000 but did not sustain, so expected support level 20 points below taken as target 5980.:thumb:
 
W

whisky

Well-Known Member
#53
#53
Nifty Spot must sustain above 6100 & Bank Nifty above 11000 for taking good long trades from here.
 
W

whisky

Well-Known Member
#54
#54
Following below rules so far today
R4- Don't trade in a particular scrip/index if you are not confident about the move. It's better not to trade rather than trading wrong.
R5- Don't trade if risk reward ratio is not favorable.
 
W

whisky

Well-Known Member
#55
#55
US$ trading at day high so Nifty is trying to test day low.
 
W

whisky

Well-Known Member
#56
#56
Work done for the day, below rules worked & following

R3- Stop trading for the day, if already got good profit for the day, don't be over confident
R8- Fear & Greed, both are psychological weakness, play with it and don’t get played by it.
 
W

whisky

Well-Known Member
#58
#58
Sold 6200PE Nifty 83.50
 
W

whisky

Well-Known Member
#60
#60
Task Finished for the day, No more trading required.
 
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