Intraday profit system

Intraday Trading makes profit?

  • Total voters
    591
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#231
#231
Hello Ghosh,
You are most welcome here. It is easy to put stop loss in share Khan. I am telling you the steps.

Let you want to buy 50 share or RIL @800. OK fine

you put one buy order. Inputs are
Quantity - 50
Price - 800
Done. Now wait for the market.

Once you are filled up. You decide what you want to put as stop loss. Say you can loss 5 Rs maximum. Ok? Then you will sell this if it comes down to 795.

Then put one sell order. Inputs are
Quantity - 50
Price - 795
Trigger Price - 795
That means your trigger price and selling price will be same. Done. ok?

ghose said:
Hello,,, I am Debabrata from Kolkata.
Recently I have joined with Sharekhan for doing day trading. I don't have sufficient knowledge on share market. Trying to understand from different sites. From your posts I am trying to learn.
I am using TradeTiger 2.1.0.0
1) Now, how to use stop loss ?
Say, I have bought ABC 20 shares at Rs 100 each
Now for Sale of above 20 shares
Disclosed Qty -- 0
Price -- 102 (My Target)
Tigger Price -- 98 (Stop Loss)
If I am not correct, then please tell me, how to use it.

2) From which option I can use Short Sell and how ?

3) Are they showing buy and sell signals anywhere ?

I am trying to understand candleStick chart from your post, so that I can apply that. Can you please give me the link, where you have told about this chart and which indicators I have apply and how ? How I will get buy and sell signals.
Also please tell me, how I will select Script Name which will perform good on that day.
Please reply and guide me also to do good trade.
Thanks
Click to expand...
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#232
#232
Tonnight I will post my view on Nifty. I am little busy now. I will post the how nifty worked. I even said something beofe. How it Nifty followed. I will discuss all. Tonight.
:)
hills_5000 said:
If anyone can let us knw wht is going to happen to nifty... I for one will be very grateful:)
Click to expand...
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#234
#234
hello My traders Friends in Traderji,
Here is the post I made on 10th October.
http://www.traderji.com/futures/58660-interesting-observations-9.html#post594370
What I said?
Mujhe lagta hay, agar NIFTY kal, 4960-70 ke upor tik jaye, to a 5000 cross kar sakta hay. I have reason to say that
At the left side of the chart we have first action movement of NIFTY. It made a nice 38% retracement. Then Moved at north.

At the right side we have the last price action. Nice north side movement. It stared following a new trend line also. And made no retarcement.
Now these are the values we have
1) MA(20) - 4970 (aprox)
2) MA(50) - 4960 (aprox)
3) It is following a nice trend line.

Lets assume that nifty made one south move tomorrow. Good then where it can go? What our Fibbo retarcement says?

23% ==> 4970 (aprox)
38% ==> 4960 (aprox)

So if NIFTY has any intention to go north then this two levels are very important for us. I hope that I made my point clear enough.

Ab photo dekhe jara.
This is our chart 5 min Intraday Nifty.

Ok I am not posting the required charts. Because I have that chart in the post. ( Link gven above).


Now What I think now??
Lets see the chart first,


Ok. Something has happend already. So what what will happen next right? :D

Lets take another chart



Ok. So I made it clear what the worse thing can happen? What we are seeing now, a pull back. And I think that It will get a very good support @4860 (approx).
Debarghya Mukherjee said:
Tonnight I will post my view on Nifty. I am little busy now. I will post the how nifty worked. I even said something beofe. How it Nifty followed. I will discuss all. Tonight.
:)
Click to expand...
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#235
#235
 
G

ghose

New Member
#236
#236
Thanks for your reply.
You have told about stop loss but after that I will give tigger price separately to sell the scripts ?
You have not answered the followings :
2) From which option I can use Short Sell and how ?

3) Are they showing buy and sell signals anywhere ?

I am trying to understand candleStick chart from your post, so that I can apply that. Can you please give me the link, where you have told about this chart and which indicators I have apply and how ? How I will get buy and sell signals.
Also please tell me, how I will select Script Name which will perform good on that day.

Please tell me.


Debarghya Mukherjee said:
Hello Ghosh,
You are most welcome here. It is easy to put stop loss in share Khan. I am telling you the steps.

Let you want to buy 50 share or RIL @800. OK fine

you put one buy order. Inputs are
Quantity - 50
Price - 800
Done. Now wait for the market.

Once you are filled up. You decide what you want to put as stop loss. Say you can loss 5 Rs maximum. Ok? Then you will sell this if it comes down to 795.

Then put one sell order. Inputs are
Quantity - 50
Price - 795
Trigger Price - 795
That means your trigger price and selling price will be same. Done. ok?
Click to expand...
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#237
#237
In Sharekhan there is no direct option to use stop loss. You must make another order with same trigger price, as I said before.

Now about short selling. Right Click on the Script---> Click Sell Against Margin. Now put your order details, like sell quantity, price etc. Stop loss for Short selling is is just reverse. Here you need to use another another buy order with your desired price level with same trigger price. This will make sure that if the price goes up, then it will hit stop loss and your losses will be fixed. :)





ghose said:
Thanks for your reply.
You have told about stop loss but after that I will give tigger price separately to sell the scripts ?
You have not answered the followings :
2) From which option I can use Short Sell and how ?

3) Are they showing buy and sell signals anywhere ?

I am trying to understand candleStick chart from your post, so that I can apply that. Can you please give me the link, where you have told about this chart and which indicators I have apply and how ? How I will get buy and sell signals.
Also please tell me, how I will select Script Name which will perform good on that day.

Please tell me.
Click to expand...
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#238
#238
Now answer of your second part. I am not using candle stick alone to get buy and sell signals. Candle Sticks are good for

1) Understand the chart
2) Understand the Market sentiment at a glance
3) Short term signal generator.

You can not make trading plan alone with Candle Sticks. ok? If you want to learn candle sticks let me know, I will post some powerful candle stick patterns that really works. Ok?

ghose said:
Thanks for your reply.
You have told about stop loss but after that I will give tigger price separately to sell the scripts ?
You have not answered the followings :
2) From which option I can use Short Sell and how ?

3) Are they showing buy and sell signals anywhere ?

I am trying to understand candleStick chart from your post, so that I can apply that. Can you please give me the link, where you have told about this chart and which indicators I have apply and how ? How I will get buy and sell signals.
Also please tell me, how I will select Script Name which will perform good on that day.

Please tell me.
Click to expand...
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#239
#239

Axis Bank can give us some nice buying opportunity. We can buy o little dip.
 
Debarghya Mukherjee

Debarghya Mukherjee

Well-Known Member
#240
#240
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
T Algo HFT trading rapidly increasing in India (Money Control), I think this will make it difficult for retail intraday/option traders to make profits Algo & Automated Trading 0
N For intraday trading, what percentage of your profits do you pay as brokerage + taxes (STT + turnover charges + stamp duty etc) Risk & Money Management 0
C Short Term & Intraday Profit Only[both less than 10], Which ITR Form to Use? Taxation Matters 5
kingsmasher1 Intraday: Should we average our loses making them to profits or square it off? General Trading & Investing Chat 6
S Profit Trading System Intraday and Swing! Day Trading 168

Similar threads