Hi friends ....
Tricks can make lot of difference in your trading approach , I want to post here my tricks of intraday trading and wants your tricks too in this thread , I am strictly intraday trader and non-aggressive investor .. in net shell ..END DAY WITH PROFIT is only aim of every intraday trader and with technical analysis we need more things , tricks to improve our trading success ratio .
here is my 1st trick .....
1. only 3 trade in a day .
2. let's assume we trade in nifty future .
3. risk -reward will be 1:1.2 for every trade .
4 . 1st trade with one lot .. let's assume that target hit in 1st trade then 2nd trade also with one lot .. assume target hit once again .. cheersss .. then close your system and enjoy ( no more trading for day )
5. but in 1st trade if stoploss got hit then in 2nd trade please trade with 2 lots .. oh no .. but if 2nd stop also got hit then in 3rd trade ..please trade with 4 lots .... if this time target hit ... you got profitable day again .. cheersssss .. but their is no guarantee that 3rd time target will hit .. but we can assume as a professional trader we can be right with at least 35-40% success ratio .
6. We need profitable day on regular basis ... after practice more and more we can increase our volumes to gain more from market .
I dont know above written thread is good enough or its just my foolishness.. Please bear with me and correct me if any silly mistake from my side .:clap::clapping::clapping:
Tricks can make lot of difference in your trading approach , I want to post here my tricks of intraday trading and wants your tricks too in this thread , I am strictly intraday trader and non-aggressive investor .. in net shell ..END DAY WITH PROFIT is only aim of every intraday trader and with technical analysis we need more things , tricks to improve our trading success ratio .
here is my 1st trick .....
1. only 3 trade in a day .
2. let's assume we trade in nifty future .
3. risk -reward will be 1:1.2 for every trade .
4 . 1st trade with one lot .. let's assume that target hit in 1st trade then 2nd trade also with one lot .. assume target hit once again .. cheersss .. then close your system and enjoy ( no more trading for day )
5. but in 1st trade if stoploss got hit then in 2nd trade please trade with 2 lots .. oh no .. but if 2nd stop also got hit then in 3rd trade ..please trade with 4 lots .... if this time target hit ... you got profitable day again .. cheersssss .. but their is no guarantee that 3rd time target will hit .. but we can assume as a professional trader we can be right with at least 35-40% success ratio .
6. We need profitable day on regular basis ... after practice more and more we can increase our volumes to gain more from market .
I dont know above written thread is good enough or its just my foolishness.. Please bear with me and correct me if any silly mistake from my side .:clap::clapping::clapping: