Trading is simple if you always follow trend.
My strategy is simple and easy. With this strategy i had made good amount of profit this year. I want to discuss the strategy to make it better.
I dont do any kind of techincal analysis.
My strategy:
1. Trading time 3.20pm to 3.30pm everyday
2. Check the current price at 3.20 pm vs previous day close price.
3. If the current price is greater than previous close -> Buy
4. If current price is less than previous close -> Sell
5. If already you have buy positions and if 3 is true -> do nothing
6. if already you have sold positions and if 4 is true -> do nothing
7. if already you have sold positions and if 3 is true -> square off and enter fresh positions as 3.
8. if already you have buy positions and if 4 is true -> square off and enter fresh positions as 4.
Let us know your comments about my trading strategy.
dt close single P/L
26-Nov-15 7882 buy -49.31
24-Nov-15 7832 Sell 19.00
23-Nov-15 7851 Sell 0.35
20-Nov-15 7852 Sell -6.75
19-Nov-15 7858 buy -126.40
18-Nov-15 7732 Sell -120.65
17-Nov-15 7853 buy 25.35
16-Nov-15 7827 buy -52.95
13-Nov-15 7774 Sell -50.75
11-Nov-15 7825 buy -22.55
10-Nov-15 7803 Sell 133.55
9-Nov-15 7936 Sell 41.35
6-Nov-15 7977 Sell 12.00
5-Nov-15 7989 Sell 80.65
4-Nov-15 8070 Sell -17.20
3-Nov-15 8087 buy -11.10
2-Nov-15 8076 Sell
30-Oct-15 8095
am i right?