Day Trading Stocks & Futures

[TracerBullet]

No chance to identify an upcoming trend from any kind of price charting techniques.
Only when a trend is visible, it is to be considered a trend but that trend can change anytime.

You can identify it with < 50% hit rate and yet be profitable. So cannot really predict much but we can still have an edge.

 

[Eq_Futures]

This is fine at eod but how to identify it during the first 15 or 30 minutes of trading day

Most people use first 5 to 15 minute candles as to identify the day as bullish, bearish or sideways on break of that candle either side

You will have to study following things, it took me 4 Years to grasp some of it and i am still learning and reading.

1. Market profile ( Value Zones and point of Control)

2. Pivots ( levels and flow of the market)

3. IDF method ( intra- swings )

4. Bob Volmans and Joe Ross's book (2 to 3 readings)

Market is random.. our job is to try to find some patterns that are repeated over times and benefit from it with the help of proper money management.

Sent from my TA-1021 using Tapatalk

 

[Smart_trade]

Britania all time high...............

 

[mohan.sic]

You can identify it with < 50% hit rate and yet be profitable. So cannot really predict much but we can still have an edge.

I don't know sir what your saying... just hint me what method or technique you refer to identify that a trend is going to evolve.....

 

[Raj232]

... but who says day trading is the best... intraday leverage may not handle the gains that the gap up have given in the past few days ..
.. at least in banknifty options....

Banknifty CE 20,000

Rs 1.2 Lacs invested at the lows on 27-May-2020 would have given 72 lacs by 2-June-2020 and would be worth approx 1.01 Crore today morning.

Investment = Rs 1,20,000 on 27/05/2020
Value = 1,01,00,000 on 03/06/2020.

 

[soft_trader]

Wind picking up speed. Still I have seen much greater speeds during regular monsoon. Let's see.

Visibility still okay. I can see at least 10 km away. So, it's fine.

Stay safe bhai. I hope it won't cause much damage.

 

[cinderblock]

Stay safe bhai. I hope it won't cause much damage.

Thanks. Nothing yet. Winds and light drizzle. Will try and post a video if it gets too bad

 

[against_tides]

... but who says day trading is the best... intraday leverage may not handle the gains that the gap up have given in the past few days ..
.. at least in banknifty options....

Banknifty CE 20,000
View attachment 42822

Rs 1.2 Lacs invested at the lows on 27-May-2020 would have given 72 lacs by 2-June-2020 and would be worth approx 1.01 Crore today morning.
View attachment 42824
Investment = Rs 1,20,000 on 27/05/2020
Value = 1,01,00,000 on 03/06/2020.

data can be presented in either way..I tried and burnt my hands...

 

[vikas2131]

Thanks. Nothing yet. Winds and light drizzle. Will try and post a video if it gets too bad

 

[TracerBullet]

I don't know sir what your saying... just hint me what method or technique you refer to identify that a trend is going to evolve.....

Nothing new, if wins are bigger than losses in a trend following system, with win rate < 50%, then we are not predicting the trend but still making money. I dont think there is a universal way, it depends on target market and timeframe. Simple question to ask is what the market does after a significant move, does it mean revert or continue.