day trading formula
- Thread starter amanmm
- Start date
There couldn't be any sureshot formula for day trading as you can't be sure about human behavior. The same person reacts differently to the same situation at other time. However, for day trade, you can guess how the stock market will behave to a given situation and accordingly you have to trade.
My strategy for day trade is -- Going with the market news during night & in the morning I decide to trade in two or three stocks [either to go long or short for trade]. I go for 25% of the available fund at the begining. If the trade turns out to be profitable, then with a decided target, I book the profit at the earliest. If not, then I average it TWICE with 25% of the balance fund. If still the situation worsons, then I start booking possible minimum loss in remaing period.
My strategy for day trade is -- Going with the market news during night & in the morning I decide to trade in two or three stocks [either to go long or short for trade]. I go for 25% of the available fund at the begining. If the trade turns out to be profitable, then with a decided target, I book the profit at the earliest. If not, then I average it TWICE with 25% of the balance fund. If still the situation worsons, then I start booking possible minimum loss in remaing period.
HI Knil,
Your strategy seems to be opposite of general opinion. i.e. to cut your losses short and let your profits run.
If I understood, you seem to be saying that you take your profit off the table at the earliest and ADD to loss to cost average, and then stop out at a loss. The %age loss may be less, but surely the overall real money cost will be more.
All the best.
Your strategy seems to be opposite of general opinion. i.e. to cut your losses short and let your profits run.
If I understood, you seem to be saying that you take your profit off the table at the earliest and ADD to loss to cost average, and then stop out at a loss. The %age loss may be less, but surely the overall real money cost will be more.
All the best.
Here is sure shot strategy....... Buy at lower price and sell at Higher price
Well my friend if any one would have known any sure shot strategy, then first of all, he never would have read your post. Because he'll be busy, enjoying his holidays at the Alps. So try to find strategy which works most of the time. There are many in this forum. Just pick one suitable to your style.
Well my friend if any one would have known any sure shot strategy, then first of all, he never would have read your post. Because he'll be busy, enjoying his holidays at the Alps. So try to find strategy which works most of the time. There are many in this forum. Just pick one suitable to your style.By watching TV business news channels particularly CNBC TV18 & AWAZ. I pick up 2 or 3 stocks for intra-day trading. My sucess rate is 75 % in choosing stocks for going Long Or Short. {to-day I went SHORT on Suzlon & FSL and earned over Rs.1000/- on a capital of Rs.25000} As I am a full time trader I keep TV as well as internet connection on during 9.55 a.m. till 3.30 p.m. so that I can immediately change course of my trade accordingly. My experience is that a continuous sharp fall in NIFTY for 2 -3 minutes gave me good profits in my intraday trade. I don't play F&O. Till the time my strategy is giving me some profit and not substantial losses I feel I should continue with this strategy. what you say?
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