what are essential things to look out for INTRA DAY TRADING?
Kindly give me Advise, Tips to do good trading and understand the market moov.
Public Comments
1. first look at the world markets before investing today..at yesterday only analyse if most of the countries look at red markets then there is a chance to took the markets down at the next day..and next first if you are buying suppose BPL company with amount of 1,00,000. then first buy with 25,000 only if the market is going upwards and the script is going upwards then make the buy of next 75,000 then if the market again going to up wards then after 5-7 then again buy the scripts..but if the script goes down at position what u picked and buy after down of 5-8 then again but and ig again it decreases buy it again at down of 7-10 from the previous downfall.. have a good luck and make more money..........
2. Hah? What did he say?
3. First thing in the morning see the CNBC or NDTV profit channel. There you can get the first clue, see the world markets. If they are in green(+) then the sensex also will be open with green.
In the channel they will indicate today's sentiment, before opening the market. With this basic ideas you can get today's sentiment for trading ideas.
Then trade with strong fundamental stocks
4. intraday trading can be benefited largely by technical analysis. You can look in for chart patterns and candlestick patterns and make your move from then on. Also you can rely on many technical indicators which become very handy to do intraday trading.
Of course doing intraday trading based on the news flows is one profitable way - but involves a great amount of risk and is also tedious.
5. You have to be extra observant and attentive. Look for what that particular stock does within the trading day.
If it starts out like a rocket but soon falls like a boulder, you buy Puts or sell short.
If it begins climbing like its going up a hill, buy calls or go long.
Look for the mini movements and trends AND WHEN they happen within the trading day.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
6. Learn portfolio management
Learn charts
Learn different indicator ( www.incrediblecharts.com)
Have good terminal system with high connectivity.
Start with very small orders even you have more resources
Take advise but act on yuor strenght
7. sit in front of computor and watch the movement of shares at least 3 to 7 days, then you himself feel how to act.
8. In the stock market it's not impossible to watch a stock move up dramatically in a matter of hours or days. Investors and traders can make great money and fatten their wallets every time this happens.
This seems great for every one that wants to try their fortune in the stock market, but the problem is that if you don't know what stocks to look for and how to properly approach them you could end up wasting cash instead of making your profits grow.
That's why the most important aspect of stock trading is the knowledge FILTER you employ to make your buy and sell decisions.
There are many "fantastic" stock systems and trading strategies out there, but you need to test them in order to discover which ones help you the most. That's part of your homework as a stock trader. Test, test and test again.
Complicated stock trading strategies that rely on a "boat load" of technical analysis indicators can make you slow, and being slow when trading stocks can be as dangerous as not knowing what to do in the first place.
The worst thing that can happen to a beginner trader is to get information overload. It's better to go step by step, and test a practical stock trading strategy that can show you how to focus on concrete ways to make money while picking SOLID hot stock trading opportunities once at a time.
In essence, You can be sure that the trading method you employ to approach the stock market and pick stocks can make a big difference in your results as a trader.
Fortunately some sites on the web can show you how to take advantage of stocks in a practical way every week by minimizing risks. One of those sites is http://www.ProfitableStockMarket.com
They focus on picking certain stocks that can generate excellent gains on the same day.
Visit them today and learn how to take advantage of the market by picking the hottest opportunities this season.
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