Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Dear SmartTrade,
Thanks a lot for your post, it does help calm the nerves. I will be doing a staggered buying in this fall.
I have a question for you related to day trading. I have decided to start trading one of your day trading methods called Swift. I have known this for the last 10 years but somehow couldnt manage to day trade. I am pasting the method here and I have some questions on that which I requerst you to answer:-
Quote
Method : Swift ....An intraday Trading Method
Timeframe : 5 min for Bank NF....10/15 min for others
Set Up : 30 Bars simple moving average( of close ) overlayed on the price chart....( 60 bars in case of BNF...)
Buy Set up : Prices taking out PH above the MA line.....and MA Line ticking up ( meaning MA value to be higher than previous bar MA value)
Sell Set up : PL cracking below the MA line and MA line ticking down....
No Trade : Price above MA but MA falling....and also Price below the MA line and MA line rising....
Enrty : On all pivots...pure,aggressive,sideways,tiny ....Be careful in the range of first bar..... Bothways trades on Gaps/steep rise earlier days
Exits...Pivots in opposite direction,previous support/resistances,EOM bars, Hammers,shooting stars in larger Timeframe of 30 min....
Adds : On all types of pivots......Initial + 1 adds normally...Initial + 2 adds in exceptionally strong trending market in downtrends....
Filters : Small filter of 5 points for BNF,1 point for Tata Motors....
Unquote
Questions:-
1. I am not in a position to do fno for the moment. I would like to know from you which stocks are suitable for day trading. You had mentioned Tata motors, over the last 10 years, please share if you know more stocks uitable specifically for day trading.
2. Would you like to improvise anything in the method or can we keeep it as is?
3. I also plan to club this with your VWAP idea and also your more than 5 bar oscillators idea to improve the chances of a successful trade with 1% risk oer trade to begin with.
Eagerl;y waiting for your reply.
Regards,
PTK
Thanks a lot for your post, it does help calm the nerves. I will be doing a staggered buying in this fall.
I have a question for you related to day trading. I have decided to start trading one of your day trading methods called Swift. I have known this for the last 10 years but somehow couldnt manage to day trade. I am pasting the method here and I have some questions on that which I requerst you to answer:-
Quote
SWIFT
Method : Swift ....An intraday Trading Method
Timeframe : 5 min for Bank NF....10/15 min for others
Set Up : 30 Bars simple moving average( of close ) overlayed on the price chart....( 60 bars in case of BNF...)
Buy Set up : Prices taking out PH above the MA line.....and MA Line ticking up ( meaning MA value to be higher than previous bar MA value)
Sell Set up : PL cracking below the MA line and MA line ticking down....
No Trade : Price above MA but MA falling....and also Price below the MA line and MA line rising....
Enrty : On all pivots...pure,aggressive,sideways,tiny ....Be careful in the range of first bar..... Bothways trades on Gaps/steep rise earlier days
Exits...Pivots in opposite direction,previous support/resistances,EOM bars, Hammers,shooting stars in larger Timeframe of 30 min....
Adds : On all types of pivots......Initial + 1 adds normally...Initial + 2 adds in exceptionally strong trending market in downtrends....
Filters : Small filter of 5 points for BNF,1 point for Tata Motors....
Unquote
Questions:-
1. I am not in a position to do fno for the moment. I would like to know from you which stocks are suitable for day trading. You had mentioned Tata motors, over the last 10 years, please share if you know more stocks uitable specifically for day trading.
2. Would you like to improvise anything in the method or can we keeep it as is?
3. I also plan to club this with your VWAP idea and also your more than 5 bar oscillators idea to improve the chances of a successful trade with 1% risk oer trade to begin with.
Eagerl;y waiting for your reply.
Regards,
PTK
The method is not wrong timing of market entry is getting wrong.
Current market it very unpridictable.
I think you should better wait till January 2 week.
Now market volumes start drying out till December end.
With less volume market can take sharp turn both sides.
Accurate reply will be given by ST DA out of love call him WB of our forum. We have many hidden gems they might respond to your Query.
I am layman on this forum.
Current market it very unpridictable.
I think you should better wait till January 2 week.
Now market volumes start drying out till December end.
With less volume market can take sharp turn both sides.
Accurate reply will be given by ST DA out of love call him WB of our forum. We have many hidden gems they might respond to your Query.
I am layman on this forum.
Simplest way to earn money and build a wealth out of it is to invest in growth stocks and hold them for a long time. The stock list has been posted multiple times in the forum.
But that's so boring and we think that simple ways can't make money and we need continuous action.
Don't waste too much of time in "timing" the market, rather it's important that how much time you hold your growth stocks.
Have faith in good companies, now is a good time (for "timing"), try to invest and hold for a period of 3years, you will be convinced much earlier of what I am saying.
Also don't try to book profits, only add in corrections (whenever a good stock corrects 8 or more percentage from recent high).
I haven't made consistent money trading but rather investing.
Just try what I have written above.
start by investing in just three stocks from following:
Bajajfinance
HDFC bank
Asian paint
Titan
Pidilite
Relaxo
Nestle
Kotakbank
Divislabs etc.
Edit: Average 10 year CAGR of the portfolio built from these companies will be between 25-30% depending on the proportion of different stocks. Adding to portfolio in a correction will further accentuate your returns. Believe me that's more than capable of creating enough wealth which is more importantly stress free.
But that's so boring and we think that simple ways can't make money and we need continuous action.
Don't waste too much of time in "timing" the market, rather it's important that how much time you hold your growth stocks.
Have faith in good companies, now is a good time (for "timing"), try to invest and hold for a period of 3years, you will be convinced much earlier of what I am saying.
Also don't try to book profits, only add in corrections (whenever a good stock corrects 8 or more percentage from recent high).
I haven't made consistent money trading but rather investing.
Just try what I have written above.
start by investing in just three stocks from following:
Bajajfinance
HDFC bank
Asian paint
Titan
Pidilite
Relaxo
Nestle
Kotakbank
Divislabs etc.
Edit: Average 10 year CAGR of the portfolio built from these companies will be between 25-30% depending on the proportion of different stocks. Adding to portfolio in a correction will further accentuate your returns. Believe me that's more than capable of creating enough wealth which is more importantly stress free.
Last edited:
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