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| Discuss i love day trading at the Trading Psychology within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by mehta yes i love day trading at least i got a friend ... |
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#43
26th February 2007, 04:04 PM
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Re: i love day trading
Quote:
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#45
26th February 2007, 05:38 PM
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Re: i love day trading
naveen: whats ur age?
u still are over trading
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#46
26th February 2007, 05:39 PM
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Re: i love day trading
hai naveevia
see ur spread sheet.naveevia u r doing many trades/day.i use to trade one usually max two trade.do u take more than one position at a time. on wht basic u exit the trade i mean profitables ones. i think support and resistance levels r good for targets.i lost money whnever i tried to anticipated the market directon....insted its better to see the price movements and trade .. on wht criteria u enter a trade...how u select the stocks for trading i mean any homework kurian joseph Quote:
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#47
26th February 2007, 07:47 PM
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Re: i love day trading
Thnx ratn & Kurian for ur kind comments
I am 26 yrs old Well my stretegy is like this 1. Find 100 most active stocks 2. Look for those which have become unusually active 3. Find trending one 4. enter with sl of 0.5% 5. For profit i trail my stoploss The biggest problem is my stops get hit 9 out of 10 times i know my psychological side is worst for a trader But if i want to accomplish anything in life its this. to daytrade successfully U ppl may laugh at this but my daily return target is 10% thats why i use such a high leverage But yeah on the homework side i am nil Thnx Naveen
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#48
26th February 2007, 09:37 PM
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Re: i love day trading
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Define active, unusual, trending, good/worse psychology There is just no method that can be rectified in the first place, the results/targets means zilch without a mechanism in the first place...just an exercise in randomness CV 
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#49
26th February 2007, 09:45 PM
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Re: i love day trading
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Unusual means a stock usuallu not in the above list but appears like Bajajhind Trending means which going up/down with higher/lower tops bottoms U are absolutely right, i am vague
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#50
26th February 2007, 09:56 PM
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Re: i love day trading
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You cant solve a problem unless you know what the problem is. You are simply trading randomness.
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