Hi Smart trader,
I just check your post , its very interesting my query is how to take position, if intra-day price move from closing price then should take position or wait & see movement or market direction ? Is all scrip for intra-day best? PLz give suggestion.
Thanks.
--- Abhishek.
I just check your post , its very interesting my query is how to take position, if intra-day price move from closing price then should take position or wait & see movement or market direction ? Is all scrip for intra-day best? PLz give suggestion.
Thanks.
--- Abhishek.
I am working and don't day trade. Usually I shortlist the breakouts and buy next day,if it is showing strength. Daily I will prepare a watch list for the next day and If I get time to watch the market during my lunch break, I enter .
Trading is purely a probability game.A 50:50 chance is more than enough to make money, if you are playing for 20%.
Capital = 100000, 10 trades of 10000 each lasting 10 trading days ie 20 trades a month.
wins 10 ,average profit 15% ,profit=15000
Loss 10, Average Loss 7% Loss =7000
Net Profit 8000 pm *12m=96000 ie 96%PA is possible.
To win the race,we need to ride the winning horses. that is why selecting stocks doubled in the past one year on new breakouts after consolidation