Psychological and Technical strategies for Day Trading

Hello All -- I have been into stock market for investment since last one year and now I am trying to learn and burn my brain in day-trading so as to earn some money. I don't have any specific strategy to trade as I buy and normally if it goes up I square off and if the stock goes down I wait till it comes back to "bought" prize due which I sometimes loose heavily. After loosing some money and all profits which I gained from investment, I believe it would be an appropriate forum to have an idea from experience traders to get some opinions, strategies and learning as well as earning techniques. . If anyone can help and tell me how to understand the day trading techniques. It would be great. The strategy can be Psychological and Technical to gain some money from day trading . This could be a collective info in one thread for 1st time or experienced traders... Thanks in advance.

I agree to your point ..

Please GURUS have ur kind attention on this thread


ravi

You should learn technical analysis. and I would go suggest that you avoid psychological strategies(if any). Psychology has too many ramifications to be profitable enough on a small time frame.

And remember that 90% of the market happenings are controlled by 10% of the participants. So in case you are thinking the like the rest 90% participants, you WILL lose money because the 10% are much much smarter than.

thanks for guiding..

but cant able to understand "90% of the market happenings are controlled by 10% of the participants"...
??

go through these threads

http://www.traderji.com/technical-analysis/29389-rise-fight-again-my-friends.html

http://www.traderji.com/day-trading/29798-prides-intra-day-strategy-profit-everyday.html

There is no such institute which teaches intraday trading in my opinion. Even if you got a chance to learn it in an institute, you are sure to make losses. As trading (specially Intraday) can only be learnt through your own experience. Markets are usually volatile and most of the methods and strategies don't work all the time. The method should be changed according to market. First select a method which you can understand thoroughly. Then test that method through paper trades. Go for live trading only if you are getting consistent profits.


:thumb:

I am too naive to comment... but I would strongly agree with the correct statement stated above. To my experience...the best speculator is the successful person. If your mind syncs with market mind, then only you can make profit. Study the market and observe profit making methods. It would be great if you or anyone who has bumped into this thread can share some methods which can be applied to the intra-day to gain the money. Continuing to encourage to post methods for day trading by experts....

Please go through this thread. The best thread i can say.

http://www.traderji.com/technical-analysis/6072-teach-man-fish.html

or you can download the same posts of Mr. Saint in pdf format from here

http://www.traderji.com/technical-analysis/31009-teach-man-fish-printable-version-download.html

Best of luck :thumb: