I select stock which has Open=High or Open=Low. I trade in the direction of Nifty. Time-frame is 3 mins. I take position by 9.21 AM (exactly) which is by the end of 2nd three mins candle. Stop loss is tiny bit above the day's high (in case of short). Target is when price turns (i look for bullish engulfing candle or hammers).
Based on my experience, trading is all about controlling emotions. It doesn't matter what the strategy is, one need to be disciplined enough to follow it no matter what. I lack that discipline. This is the reason for creating this thread.
Based on my experience, trading is all about controlling emotions. It doesn't matter what the strategy is, one need to be disciplined enough to follow it no matter what. I lack that discipline. This is the reason for creating this thread.
will post abt discipline as a separate comment .