New to intraday

niftyoption

Well-Known Member
#5
Tips : 1. Dont follow Trading calls (TIPS) It is First Pit Fall
2. Read TA Books
3. Make Trade Plan
4. Do Paper Trade
5. Write Trade Dairy regularly
6. Review Trades

All the Best
 

kiran_thiru

Well-Known Member
#7
can u plz elaborate point 2 and 6 plz
i think you are new to trading and traderji too.first of all follow this forum read and observe every post, understand what seniors doing, observe their trades and their charts, improve your skill.

these will take months. but once improved your skill with charts, start paper trading with your suitable trading plan. if you satisfy your paper trade minimum a month then you start real trading.

don't ask or follow others recommendation, if their calls also good, but you never win without your own knowledge
 

Biswajit Das

Well-Known Member
#8
Please give me some tips
u r well advised by above guys....first u start paper trading with some simple strategy.....I am giving u a simple strategy for ur paper trading.....thus u gradually able to develop ur trading skill.....
strategy-
1. 5 min chart
2. 21 min ema
3. for long:- when prices crosses above 21ema from below level and closed above this ema, place ur stop buy order above this green bar, if prices goes above this bar ur buy order will be triggered and place ur stoploss at anywhere (as per ur risk) below 21 ema. for short when the setup forms opposite....try this....I never tried this strategy......do only paper trading....
on the other hand u may search some simple trading strategy through this forum....there are so many strategies like karthik's 2 bar setup, ATP setup.....etc
 

niftyoption

Well-Known Member
#9
can u plz elaborate point 2 and 6 plz
Dear Sir
TA BOOKS means Technical Analysis BOOKS

and Trade Review means learn lessons from your trading losses and also
learn lessons from others losses also. they are also our gurues ...

make a habit of weekly or monthly trade dairy reviews..
it will make you a good trader

ALL THE BEST SIR