|
|
| Discuss Trading Methods at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Here I M Inviting All The Members To Discuss Their Day Trading Methods And Share ... |
|
|||||||
| Notices |
| Equities Discuss & analyse stock market news, views, trends and your favourite stocks here. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
23rd April 2005, 09:40 PM
|
|||
|
|||
Trading Methods
Here I M Inviting All The Members To Discuss Their Day Trading Methods And Share Their Experience About That Method.
Here I M Sharing My Method For Day Trading. I Watch The Market For 20/30 Miniutes To Study The Trend. If Its +ve Then I Search The Share Which Has Given Atleast 2% Movement With Good Volume. If I Want To Buy 50 Shares, Instead Of Buying The Whole Lot, I Buy 5/10 Shares With 1% Stoploss. I Watch The Movement For Time Being. If It Moves Up Further @ 1/1.5 Rs. Then Only I Buy Remaining Lot Not Forgetting To Put The Stoploss. If It(5 Shres Lot) Moves Down Ward , And Hit The Stoploss Then I May Give Up That Stock Or Shortsale It. With This Method I M Achieving Almost@55to 60% Proffit Result. Pl. Comment. 
|
|
#3
24th April 2005, 09:28 AM
|
|||
|
|||
|
Re: Trading Methods
Good trading apart, good initiative. It is heartening to see "junior members" share their strategies. I attempted day trading for 2-3 months but discovered that I could not make profits consistently in something like this. So while doing nifty futures, I don't make any demarcations of day, swing position. It could be anything depending upon the situation. I look at the daily trend and look for contratrends in the 30min chart with a combo of RSI, stochs and 20MA and mkt breadth. The parameters change for larger trends. Its premature to talk about success rates.
I presume you do one share at a time but looking at your and Tachy's post one feels tempted to try again. Day trading is like allopathic medicine where one has to be vary of side effects. So much is written against day trading that there is always a psychological bias against it and such posts are a sight for sore eyes for want of a better expression
|
|
#4
24th April 2005, 11:39 AM
|
|||
|
|||
|
Re: Trading Methods
HI,
I am more of a positional trader than day trader. I find stocks that are bound to appreciate on a short period of time. I keep on buying as the price comes down. something like dollar cost averaging. if i do get decent returns on the same day i exit the trade for the day. otherwise i will wait for he target that i have in mind to exit the positional trade.
|
|
#7
8th May 2005, 07:08 PM
|
|||
|
|||
|
Re: Trading Methods
Gentleman,
There is Freeware "WALLSTREET X-ray II" Pl make google search, it is good one. Haresh
|
|
#8
8th May 2005, 08:45 PM
|
|||
|
|||
|
Re: Trading Methods
If one can spot the shares that rise more than 20 rupees in a single day trading, it is very profitable. Generally I follow the thumbrule of two days: if a share is moving fast up that will be for two days and after that it will show decline. Although after two days also some shares do not decline but the rise is not as substantial as the first two days. Anybody who has spotted the same or different pattern in the day trading can comment.
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Trading Methods
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Traderji's Recommended Reading List | Traderji | Books | 36 | 28th April 2008 08:48 PM |
| Trading Without Ego | Anil | Words of Wisdom | 11 | 5th April 2008 02:14 PM |
| Practical trading education part II-www.technicaltrends.com | sh50 | Technical Analysis | 24 | 3rd January 2008 02:31 PM |
| Recommended Books on Practical Trading Strategies | Traderji | Books | 12 | 24th February 2007 11:27 AM |
| Trading: A Journey, Not a Destination | nkpanjiyar | Words of Wisdom | 4 | 16th April 2005 12:14 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
