daily traders

sudoku1 · #31 31st March 2008, 04:04 PM

Quote:

Originally Posted by yathin

I am trading for past 3 months not a daily trader but most of the time i go for intraday because of the present market situation, can anyone give me some tips for my intraday trading

& xactly , the present mkt situation is making intraday calls scarce......look @ the croud of clients @ the brokers office 2 what it used 2 b in the hay days........look @ the mobile phones which used 2 beep calls every moment........they r dead.!!!!!!!

uasish · #32 31st March 2008, 05:57 PM

sudoku1,

These happens everytime ,you have seen this in past.

Asish

prabhu53 · #33 31st March 2008, 06:04 PM

dear ashish,
any clue about what the new sebi guidlines is all about...its flashing on tv....looks like someone wants to make a traders life miserable.
cheers

Quote:

Originally Posted by uasish

sudoku1,

These happens everytime ,you have seen this in past.

Asish

shekhar249 · #34 25th July 2008, 01:48 PM

A very good morning to all !!
this is my 1st port !!

faridchy · #35 1st August 2008, 11:41 PM

INTRADAY TRADING

Characteristics of intraday trading:
Wins will be less due to much smaller timeframes.
Wins will need to be more often to achieve a positve expectancy.
Trading costs (brokerage) will increase.
Chances are your stress levels will increase due to time spent diving around the market trying to snatch a move.
Youll also need good software.

No offence meant here but one would trade intraday particularly if they need to make a living from trading.

For intraday trading, u need :
Steady nerves
100% Concentration for extended periods.
A good system(s)
Ability to get over setbacks psychologically
A certain amount of intuition/luck (which comes I think with experience).

Any trade that is entered with the goal of exiting that day before the close of trading is a daytradeing.

There are "swing" traders (still within the intraday time frame) who are looking for the larger intraday trends.

These are all still "daytraders"

But some daytraders are the other way round. The income from daytrading takes the pressure off their long term decisions.

As usual, It's all a matter of individual psychology.

Nobody makes a profit everyday. There are some days when you should walk away and not trade at all. People learn to sense these days and the conditions that precipitate them. Generally it will be very unusual not to make a profit every month. If not some serious navel gazing is in order...disipline is the key.

One thing with daytrading, it is VERY EASY to start overtrading and this is when you give money back. Even experienced traders must watch their disipline with this.

NOTE: this is collected from internet and after trading 22 items in this month in bdstock market, I had to search for it to see whether I have become an day trader or not.

farid

Mohac · #36 2nd August 2008, 07:19 AM

GM Guys,

I need a advise. I have been locked in a shorting of NIFTY @4300, now trend seems other way. How can I cover up or hedge it? Presently Nifty is at 4430 levels and technically more than 25 days left for closing.

Advise me pl.

Thanks and regards.