Scalping and Intraday Strategies

#1
Good Day!

I want to make a career in Stock Market and have been doing daily scalping or intraday trades unsuccessfully (Just started after going through many a books). I need your expert help in identifying successfull scalping or intraday trading strategies that I can master and earn from it on daily basis so that i can get rid of my job and start full time trading like a professional (I quite impressed with professional day trading setup by looking at available youtube videos of day traders.):)

Please help me in becoming a successfull trader like you are!

Thanks and have a nice day!

Warm Regard

Gurchan1974
 
#2
CHOOSE 5 FAV. STOCKS (HIGH LIQUIDITY IS A MUST) OF YOURS. NOTE PREV. DAY'S HIGH & LOW. IF U R TRADING TODAY THAN BUY IF ANY STOCK HAS BROKEN ABOVE PREV. DAYS HIGH, SELL IF ANY STOCK HAS BROKEN PREV. DAYS LOW. KEEP A STOPLOSS OF 1% & TARGET OF 1% (FOR INTRADAY). ALWAYS TRAIL UR SL ABOVE UR TRANSACTION COST (BROK + STT ETC.) DISTRIBUTE UR MONEY EQUALLY (IF U HAVE 1 LAKH THEN KEEP 20K FOR EACH STOCK, DO NOT OVERTRADE OR AVERAGE IN INTRADAY TRADING). WITH THIS METHOD OVER 70% OF UR TRADES SHUD B SUCCESSFUL. PAPER TRADE FOR 1 MONTH WITH THE METHOD, CHECK THE RESULT & THEN PUT REAL MONEY.

HOPE THIS HELPS.:thumb:
 
#3
Good Day!

I want to make a career in Stock Market and have been doing daily scalping or intraday trades unsuccessfully (Just started after going through many a books). I need your expert help in identifying successfull scalping or intraday trading strategies that I can master and earn from it on daily basis so that i can get rid of my job and start full time trading like a professional (I quite impressed with professional day trading setup by looking at available youtube videos of day traders.):)

Please help me in becoming a successfull trader like you are!

Thanks and have a nice day!

Warm Regard


Gurchan1974
It is not an easy task and no suscessful trader is going to give his methodoligies in a public forums.

Studies say bearely 5% of the retailers make it to break even. The only way is to self learn. At best u may get some pointers to the right direction from the true professinals.
 
#4
CHOOSE 5 FAV. STOCKS (HIGH LIQUIDITY IS A MUST) OF YOURS. NOTE PREV. DAY'S HIGH & LOW. IF U R TRADING TODAY THAN BUY IF ANY STOCK HAS BROKEN ABOVE PREV. DAYS HIGH, SELL IF ANY STOCK HAS BROKEN PREV. DAYS LOW. KEEP A STOPLOSS OF 1% & TARGET OF 1% (FOR INTRADAY). ALWAYS TRAIL UR SL ABOVE UR TRANSACTION COST (BROK + STT ETC.) DISTRIBUTE UR MONEY EQUALLY (IF U HAVE 1 LAKH THEN KEEP 20K FOR EACH STOCK, DO NOT OVERTRADE OR AVERAGE IN INTRADAY TRADING). WITH THIS METHOD OVER 70% OF UR TRADES SHUD B SUCCESSFUL. PAPER TRADE FOR 1 MONTH WITH THE METHOD, CHECK THE RESULT & THEN PUT REAL MONEY.

HOPE THIS HELPS.:thumb:
I think trading is not that easy :)
 

comm4300

Well-Known Member
#5
CHOOSE 5 FAV. STOCKS (HIGH LIQUIDITY IS A MUST) OF YOURS. NOTE PREV. DAY'S HIGH & LOW. IF U R TRADING TODAY THAN BUY IF ANY STOCK HAS BROKEN ABOVE PREV. DAYS HIGH, SELL IF ANY STOCK HAS BROKEN PREV. DAYS LOW. KEEP A STOPLOSS OF 1% & TARGET OF 1% (FOR INTRADAY). ALWAYS TRAIL UR SL ABOVE UR TRANSACTION COST (BROK + STT ETC.) DISTRIBUTE UR MONEY EQUALLY (IF U HAVE 1 LAKH THEN KEEP 20K FOR EACH STOCK, DO NOT OVERTRADE OR AVERAGE IN INTRADAY TRADING). WITH THIS METHOD OVER 70% OF UR TRADES SHUD B SUCCESSFUL. PAPER TRADE FOR 1 MONTH WITH THE METHOD, CHECK THE RESULT & THEN PUT REAL MONEY.

HOPE THIS HELPS.:thumb:
agree with imazina's recommendation.

try the simple and easy strategy for a month via paper trading. if you like it - adopt it. Atleast you'd learnt something in that month.

Trading is not an exact science. try as many strategies as you can lay your hands on....and use the one that suits your style.

and finally, "trading may not be easy, but it ain't that difficult too"...

all the best.
 
#6
Thanks Buddy!
I have taken icharts subscription and follow two charts one nifty (though i have yet to start trading on futures) and other is of stock which i keep scrolling through their list....I am learning candlestick from a professional remotely but i am more interested in earning on day to day basis my target of one month is atleast 50k....so that i can get rid of my job and move on to full time trading...i like e-signal charts but can't afford it.....
 
#7
Thanks Buddy!
I have taken icharts subscription and follow two charts one nifty (though i have yet to start trading on futures) and other is of stock which i keep scrolling through their list....I am learning candlestick from a professional remotely but i am more interested in earning on day to day basis my target of one month is atleast 50k....so that i can get rid of my job and move on to full time trading...i like e-signal charts but can't afford it.....
Buddy,
I think you are more focused on leaving your job.. first paper trade many strategies and find out one or two strategies which suit your mentality and personality.. You have to learn a lot before trying to become a professional trader.. I think it's not that much easy to leave a job and jump in to trading and start earning 50k per month.. Please try to be in your job till you are comfortable with your trading income.. I know many who had left their job to become a trader.. But now none of them is in market.. Pls don't think that I am discouraging you.. Try a develop a winning strategy and trading discipline..
In long run, market pays only for disciplined traders..

Regards
Mohan
 
#8
My recommendation would be catch the stocks in news. If you come to know that there could be or had been positive uptrend in the near future or had had an uptrend and has come down: Buy those kind of stocks in large numbers. Hold it for short term say be a week or even less than that. If you get 10% sell them all. There are lots of companies in the list that you can track down to. This is swing trading and has proved good for me.
Vijay Bhaskar:thumb:














Good Day!

I want to make a career in Stock Market and have been doing daily scalping or intraday trades unsuccessfully (Just started after going through many a books). I need your expert help in identifying successfull scalping or intraday trading strategies that I can master and earn from it on daily basis so that i can get rid of my job and start full time trading like a professional (I quite impressed with professional day trading setup by looking at available youtube videos of day traders.):)

Please help me in becoming a successfull trader like you are!

Thanks and have a nice day!

Warm Regard

Gurchan1974
 
#9
Thanks to all for helping me, can you please help me in refining my points....i have taken a realtime feed from icharts and based on that I am trading from office. I do less qty but take 3-4 trades on the basis of candlestick pattern. I have learnt few things....Please add from your side....I am not leaving my job as i have family to support.....i want to be perfect with your help...

WHAT TO LOOK FOR/OR IDENTIFY TO TRADE
1. Breakout of Two day HIGH-LOW.
2. Identification of Time and Sale window
3. Pivots Playing
4. Crossover of 4EMA over 9EMA vises versa.
5. On Identification of Candlestick and confirmation of Stochastic and MACD initiate a Buy/Sell
6. Identification of Support/Resistance
7. Identification of Overbought/Oversold using RSI/MACD/STOCHASTICS

HOW TO SETUP A TRADESTATION SO THAT YOU CAN IDENTIFY
1. Pivots
2. Buy/Sell Signal
3. 1-5 minutes tick with 2-3 days charts to identify 2-day breakout.
4. Stochastic
5. Bollinger Band

WHAT YOU SHOULD WHEN IDENTIFY THE TRADE.
1. On Support Buy double keep a stop loss of 1% and do half scalping and if trend continues then remain in trade.
2. On Resistance sell double keep a stop loss of 1% and do half scalping and if trend continues then remain in trade.
3. Buy - Double Sell – Buy do half scalping
4. Sell – Double Buy – Sell do half scalping

KEEP IN MIND – BE CLEAR
 In downward market when stock in going down and all of sudden a buy volume occurs it doesn’t mean that selling is halted its only mean that some of the seller have booked their profits.
DO’s AND DON’Ts
 Only trade most active stocks check their trend beforehand.
 
#10
These are stocks which i trade....i simply watch nifty...and basis of trend and particular stock momentum i decide which one to trade like.....2-3 days back hindlever and gail both suddenly shows stenght but i could only take pennies from it....so i want to improve in it.....Beside that I have friends who sends me stocks in news which i trade also..

Symbol Price Change High Low %Change Prev Close Volumes Timestamp
BHARTI AIRTEL 322.3 -2.35 326.8 320.1 -0.72 324.65 406760 06 Aug
CAIRN 342.8 -2.75 346.6 341.15 -0.8 345.55 111938 06 Aug
DLF 307.6 -3.1 312.5 306.25 -1 310.7 633140 06 Aug
GAIL 437.75 7.6 439.5 425.9 1.77 430.15 373632 06 Aug
HCL TECH 412.05 -0.65 418 410 -0.16 412.7 111764 06 Aug
HINDALCO 164.05 -1.1 166.2 163.1 -0.67 165.15 389892 06 Aug
HINDUSTAN UNILEVER 255.15 -0.35 256.3 254.85 -0.14 255.5 189969 06 Aug
ITC 158.8 2.9 160 155.9 1.86 155.9 459708 06 Aug
NTPC 197.3 -1.15 199 197 -0.58 198.45 108627 06 Aug
RELIANCE POWER 157.75 -0.3 159.85 157.2 -0.19 158.05 457558 06 Aug
RELIANCE COMM. 172.85 -0.25 175 172.5 -0.14 173.1 573938 06 Aug
SAIL 196.15 -1.65 199.9 195.6 -0.83 197.8 158183 06 Aug
STERLITE INDUSTRIES 176.45 -0.5 178.2 174.7 -0.28 176.95 712124 06 Aug
TATA STEEL 531.2 -7.15 544.8 529.6 -1.33 538.35 849968 06 Aug
WIPRO 433.7 2.7 439.7 428.1 0.63 431 330330 06 Aug
UNITECH
 

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