will novice able to do INTRADAY trade?

trillian

trillian

Active Member
#1
#1
hi friends,

First of all thanks for creating such an wonderful forum, bcos it helped novice i.e zero knowledge in trade who had acquired some knowledge.

I have some few questions to intra day trading professional to answer . I think it will be useful for persons like me.

1) will a novice person like me be able to make money in intra day without any previous knowledge in market?
2) what all the terms to be learned before entering the market to do intra day?
3) How to calculate SL,TARGET,BUYABOVE (any simple formula to calculate these terms with previous day data i.e price and volumes)
4)Any good book to learn INTRA DAY TRADE for beginners like me?
5) For intra day trade which will be useful software given by concern ltd or web based trading portal provided by them?
6) Which indicator is best for intra day trade?
7) Moreover how to pick stocks for intra day?

please guide me in these regards.
Thank you.
 
T

trader111

Active Member
#4
#4
trillian said:
hi friends,

First of all thanks for creating such an wonderful forum, bcos it helped novice i.e zero knowledge in trade who had acquired some knowledge.

I have some few questions to intra day trading professional to answer . I think it will be useful for persons like me.

1) will a novice person like me be able to make money in intra day without any previous knowledge in market?
2) what all the terms to be learned before entering the market to do intra day?
3) How to calculate SL,TARGET,BUYABOVE (any simple formula to calculate these terms with previous day data i.e price and volumes)
4)Any good book to learn INTRA DAY TRADE for beginners like me?
5) For intra day trade which will be useful software given by concern ltd or web based trading portal provided by them?
6) Which indicator is best for intra day trade?
7) Moreover how to pick stocks for intra day?

please guide me in these regards.
Thank you.
Click to expand...
If you can answer atleast 15 questions correctly here: http://www.traderji.com/general-trading-investing-chat/23026-trading-quiz.html

then it can be assumed you know what trading is.

After that I will be happy to answer your questions.
 
S

skarpio

Active Member
#5
#5
sanx said:
sk where is the PDF , I cant see ?
Click to expand...
That was the T2W trading plan template. No idea that the file didn't show up (though my attachment quota has decreased by a good 134KB). Here it is. This has probably been posted already somewhere on this board but you've search for it ;)

trader111 said:
If you can answer atleast 15 questions correctly [...]
Click to expand...
These questions are by no means inspired from that template, are they Trader111? (Infringement, or some such difficult words, these kids use ...;))
 
sudoku1

sudoku1

Well-Known Member
#10
#10
its a well known fact that day trading is purely based on technicals...& no fundamentals....
so practicals always defer from physical...
a day trader playing just by luck will definetely live under fear ,greed & hopes...
whereas , a trader playing with a stoploss & targets will just stick 2 his principals...
in a nutshell ,novice entrants SHOULD have ammunation of technicals under their arm before entering....

Every sunset gives us, One day less to live! But every sunrise give us, One day more to hope! So, hope for the best. Good Wishes...:)
 
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