Day Trading is it worth ?

It's the countertrend bounce. They do occur at expected levels most of the time but when the trend is very strong sometimes they do not manifest in EOD charts (& even if they do, often they are practically untradable based on EOD signals) However, they can be quite substantial on an intraday chart. This is where i think daytrading has an edge (in terms of returns) over other trading forms.

As far as the 'trend' is concerned i think it's better played with Swing/Positional (specially in a mkt that is highly prone to gap-ups & downs).

And with a part of your (well-in-profit) Swing positions still open and acting as a hedge + short holding period (+ options allowing you to take positions close to the ST worst-case levels + IV/HV based stops) such countertrend trades can be pretty low-risk (doesn't mean off-course they'll be fruitful & go as planned everytime).

Regards

I must confess, nowadays feelin more like a subordinate to the sys.

A baby fish askd hr mther-.......
Y cant v live on Earth?
Mother Fish-
Earth is not d plce 4 Fishes......
its made only 4 .....Selfishes !!!

like wise i heard many invstrs aftr the great mkt meltdown of 2008....'this is the place where only big operaters & traders thrive on poor people like us'....

why dont you establish 'Sudoku relief & charity fund' & ask people to donate ?

How does one select stocks to do day trading? Is there any logical method? Pl advise

vps

pls sir dont talk in a way that it can hurt someone he said nothing for which u can say like this sorry to say anyway god bless u too

I donot think your reply is apt.
vps

generally momentum stocks are suitable for day trading.

According to Ashwani Gujral high beta stocks should be chosen.

a lot of people go for inexpensive stocks with high volume.
Illiquid stocks like MRF etc should be avoided.

Also stocks like RIIL(which hovers between higher and lower circuit) should be avoided.

mahesh

Calling people selfish is the right way huh ?

The man does this all the time.

Read the posts 286 & 289 including cv's reply :
http://www.traderji.com/risk-money-management/5234-daytrading-dangerous-29.html#post135631