those who know me ;have seen to do DISCRETIONARY TRADING.
3 styles i consider possible, -swing ,momentum and pullback.
SWING= Taking trade at known support/resistance , pivot
MOMENTUM= ITS based on order flow/ moneyflow/greed -fear, normally at sp location ,also known as break out, in intraday =predicting wrb.
PULLBACK= std 1-2-3 entry trade in direction of market.
.............................................
intraday best style = pivot break MOB(make or break), its at resistance , holds so reversal, more greed = break ,so bothway thought process trade , how its forming bar continuation and quick spring strength prediction = potential trade candidate
..............................................
market style =4 , up/down/sideways /volatile
known stock = WHERE because of ur observation (experience to live price) u can tell what may happen, like nifty,banknifty etc.
so no 1 learning = RISK MANAGEMENT
NO 2= UR PSYCHOLOGY
NO 3 = POSITION SIZE and trade management
no 4= SET, stop .entry ,target ; this should be done mechanically
after this u learn,MULTIFRAME ANALYSIS, sentiment analysis, basic fundamental why a stock moves up or down, news trap .
then practice in small size to develop skill.
YES NOW U R A TRADER(for me this journey takes 12 yr-1991 to 2002)
3 styles i consider possible, -swing ,momentum and pullback.
SWING= Taking trade at known support/resistance , pivot
MOMENTUM= ITS based on order flow/ moneyflow/greed -fear, normally at sp location ,also known as break out, in intraday =predicting wrb.
PULLBACK= std 1-2-3 entry trade in direction of market.
.............................................
intraday best style = pivot break MOB(make or break), its at resistance , holds so reversal, more greed = break ,so bothway thought process trade , how its forming bar continuation and quick spring strength prediction = potential trade candidate
..............................................
market style =4 , up/down/sideways /volatile
known stock = WHERE because of ur observation (experience to live price) u can tell what may happen, like nifty,banknifty etc.
so no 1 learning = RISK MANAGEMENT
NO 2= UR PSYCHOLOGY
NO 3 = POSITION SIZE and trade management
no 4= SET, stop .entry ,target ; this should be done mechanically
after this u learn,MULTIFRAME ANALYSIS, sentiment analysis, basic fundamental why a stock moves up or down, news trap .
then practice in small size to develop skill.
YES NOW U R A TRADER(for me this journey takes 12 yr-1991 to 2002)
