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Trading Method.

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  #21  
Old 29th August 2005, 01:30 AM
hmp hmp is offline
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HI DEAR FOLKS!
HERE IS THE TRADING METHOD THAT I GEN. USE FOR DAY TRADING .
ONE SHOULD FOLLOW STRICT DISCIPLINE AND STRONG WILL POWER TO ADHARE T0 METHOD TO GET MAX. GAIN.
I GEN. SELECT THE STOCK BETWEEN PRICE RANGE OF RS. 25 UPTO 100.
I’ M COMFERTABLE WITH A LOT OF 500 STOCKS.
CLOSING PRICE OF THE STOCK SHOULD BE ATLEAST 4% UP FOLLOWED BY EQUALLY HIGH VOLUME .
STOCK SHOULD OPEN WITH ATLEAST 1% GAP.
IF THE PRICE REMAINS STABLE OR ON VERGE OF MOVING UP AFTER SOMETIME THEN ONLY INITIATE BUY ORDER.
I PREFER TO KEEP 1.85% STOP ORDER. LET’S ASSUME THE BUY PRICE IS RS.55.AND STOP ORDER IS RS. 54. T1 AT 2%(56.10). T2 AT 4% (57.20).
AFTER 15 MINIUTES.
1)GOES BELOW 1% : IMMEDIATELY CUT THE POSITION AT MARKET RATE.
2)GOES ABOVE 1%: SHIFT THE STOP BY 1%( i.e. @ 54.55).
3)REMAIN STABLE OR GOING TOWARDS –VE SIDE BUT NOT BELOW 1% THEN ALLOW WATCH FOR ANOTHER 15 MINIUTES. IF ITS STILL REMAINS THERE THEN CUT THE POSITION AT MARKET PRICE.
4)IF MOVES UP BY 2%: BOOK PROFIT IN ½ LOT.MOVE STOP BY 2%(@55.10i.e BREAK EVEN.).
5)MONITOR THE POSITION AFTER EVERY 15 MINIUTES BY APPLYING ABOVE MENTIONED PARAMETERS.

THUS


a) 54.00 (S.L.) 55.00 ( PURCHASE PRICE)
b) 54.55.(S.L.) 55.55 (1%)
c) 55.10.(S.L.) 56.10 (2% BOOK PROFIT IN 50%)
d) 55.55.(S.L) 56.65 ( 3%)
e) 55.55 (S.L.) 57.20 ( 4% BOOK FULL PROFIT).



I REQUEST ALL SENIORS AND JUNIORS TO COME FORWARD & COMMENT OR SUGGEST ANY BETTER ALTERNATIVE, TO THIS.
HAPPY TRADING & REGARDS.
HMP.

Last edited by hmp; 29th August 2005 at 01:38 AM.
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  #22  
Old 13th December 2005, 05:49 AM
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Default Re: Trading Method.

Is there any online daytrading web site or trading system
that provide automatic trading on stockmarket that place
entry and exit order automatically based on selected period
moving average?
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