Hi Everyone,
I am trading in stock markets from 2011 consistently. Initially I invested 5-6 lakhs without knowing much about markets to do positional trading or investing and double them with in a month and as usually lost everything. I then converted to a day trader than doing positional trading or investing. I tried stocks and options trading. Then I kept on bringing money to trade only to make my account balance empty .I tried many methods such as moving average crossovers,trading supports and resistances.I tried many tips providers and lost additional money with their help.
I use Sharekhan tradetiger software to analyze stocks and use 5min interval. I studied many things last 2-3 years but still I want to what is the best strategy for Intraday trading,either it might be options or stocks but purely on intraday basis and how to execute it?
I request all the seniors here to please help me to find a better strategy to make profits or atleast avoid losses on a consistent basis.
I tried trading supports and resistances with the help of divergences, it was good strategy and made good 10% profits consistently on intraday basis for quite some time but these strategies work best in trending markets. Unfortunately in a sideways or range bound markets these strategies don't just suck my money they also suck my confidence.
I didn't use any trading software like amibroker,though I was tempted to give it a try, I didn't want to make another 20-30 K cut in my account for buying the same. Also would like to hear from you if any of you tried Nifty50Charts website and is it worth to give it a try???I know it costs only 550 but the actual thing is if it doesn't work,it will make a huge cut in my original capital. From a heavy trader of 5-6 lakhs , I have come down to 5-10 K. It hurts me like hell but I am planning to take up Intraday trading afresh after testing the best strategies for any market condition. So, I request you to share the strategies,refer me to other posts if I missed or didn't found any(frankly speaking there are so many posts on this thread that I might have missed many worth reading posts,though I tried to cover many posts).
My target is to make 10% profits on an Intraday basis consistently or atleast 1% profit in a single trade so that I can use the margin to make it 10% . It is not mandatory that the strategy you suggest should be able to make 10% profit but any winning strategy would be appreciated and also will be of great help to me. I will try to develop my own strategy too n would check it with you. Also,I don't know if backtesting will ever help coz I feel everyday the markets are afresh and would show you something new and make you learn.
Thanks & Regards,
Akki
I am trading in stock markets from 2011 consistently. Initially I invested 5-6 lakhs without knowing much about markets to do positional trading or investing and double them with in a month and as usually lost everything. I then converted to a day trader than doing positional trading or investing. I tried stocks and options trading. Then I kept on bringing money to trade only to make my account balance empty .I tried many methods such as moving average crossovers,trading supports and resistances.I tried many tips providers and lost additional money with their help.
I use Sharekhan tradetiger software to analyze stocks and use 5min interval. I studied many things last 2-3 years but still I want to what is the best strategy for Intraday trading,either it might be options or stocks but purely on intraday basis and how to execute it?
I request all the seniors here to please help me to find a better strategy to make profits or atleast avoid losses on a consistent basis.
I tried trading supports and resistances with the help of divergences, it was good strategy and made good 10% profits consistently on intraday basis for quite some time but these strategies work best in trending markets. Unfortunately in a sideways or range bound markets these strategies don't just suck my money they also suck my confidence.
I didn't use any trading software like amibroker,though I was tempted to give it a try, I didn't want to make another 20-30 K cut in my account for buying the same. Also would like to hear from you if any of you tried Nifty50Charts website and is it worth to give it a try???I know it costs only 550 but the actual thing is if it doesn't work,it will make a huge cut in my original capital. From a heavy trader of 5-6 lakhs , I have come down to 5-10 K. It hurts me like hell but I am planning to take up Intraday trading afresh after testing the best strategies for any market condition. So, I request you to share the strategies,refer me to other posts if I missed or didn't found any(frankly speaking there are so many posts on this thread that I might have missed many worth reading posts,though I tried to cover many posts).
My target is to make 10% profits on an Intraday basis consistently or atleast 1% profit in a single trade so that I can use the margin to make it 10% . It is not mandatory that the strategy you suggest should be able to make 10% profit but any winning strategy would be appreciated and also will be of great help to me. I will try to develop my own strategy too n would check it with you. Also,I don't know if backtesting will ever help coz I feel everyday the markets are afresh and would show you something new and make you learn.
Thanks & Regards,
Akki