Hello Friends,
After learning from Traderji and different forums and doing live intraday Trading,i have came across the following conclusion to make money from the market :
1.You need to have a system that suits your profile ,other's system may be a Holygrail for them but will not work for you.
2.I need to stick to a system and stop hopping systems.Discipline and consistency is more important along with Technical System.
3.Major Money is made in Trend Moves ,Thus a system must be able to catch impulse moves .For intraday ,Stop losses must be small so that a good risk reward is achieved.
4.You need to have clear cut ENTRY ,STOP LOSS and EXIT plan well before you enter ,so that no decision is taken after the trade is taken.This helps to reduce trading errors due to Fear and Greed.
Considering above facts in mind ,i have designed an intraday MR13 trading system which i would be sharing in the coming post.
Healthy critics about the system are most welcomed.
I would also request seniors and other fellow traders to review and suggest on how the system can be improved.
This is based on the principal of Price moving towards a Mean Reversion level.Time Frame is 30 Mins .
After learning from Traderji and different forums and doing live intraday Trading,i have came across the following conclusion to make money from the market :
1.You need to have a system that suits your profile ,other's system may be a Holygrail for them but will not work for you.
2.I need to stick to a system and stop hopping systems.Discipline and consistency is more important along with Technical System.
3.Major Money is made in Trend Moves ,Thus a system must be able to catch impulse moves .For intraday ,Stop losses must be small so that a good risk reward is achieved.
4.You need to have clear cut ENTRY ,STOP LOSS and EXIT plan well before you enter ,so that no decision is taken after the trade is taken.This helps to reduce trading errors due to Fear and Greed.
Considering above facts in mind ,i have designed an intraday MR13 trading system which i would be sharing in the coming post.
Healthy critics about the system are most welcomed.
I would also request seniors and other fellow traders to review and suggest on how the system can be improved.
This is based on the principal of Price moving towards a Mean Reversion level.Time Frame is 30 Mins .
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