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. LETS 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 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.
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. LETS 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 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.
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