Stock Trading and Other Things

Why i am Making loss in Intraday trading in Eq (Bse/Nse)?

I am doing Intra day trading in equity market (Bse/Nse) but continuselay making loss from last 3/4 months. i have jointed paid services of Intra day tip but that also didn't work............

i also have hear that onli 2 ppl are making profit out of 100 in Intra day trading.............pls share u r views,tips etc.........u r guidance will surely help me.......thx

Public Comments

1. Hi Bro

Follow the below and let me know

1.first step is to choose the right stock.Unitech is a good scrip for day trading because it reacts the same way as the sensex(mostly)
2.second is to have a ticker on your screen which would show you the sensex movment with +/- on a second-second basis
3.just follow the momentum of the sensex
4.under this kind of trading the trade should no last for more than a few minutes
5.decide the quantity and your loss bearing capacity to set the stop loss before the trade
6.practical example:let us say unitech is trading at 84 and sensex is at +15 for the day
7.as sensex moves from +15->+30->+45...gradually or suddenly you would usually see the unitech stock moving in the same way from 84->84.2->84.4
8.do not be too greedy and let us take i buy 3000 quantity of unitech under marging trading at 84..so when the stock reaches 84.4 i sell it off with profit of 0.4*3000=1200 Rs...
9.asuming brok of 150 for buying n selling it would come up to 1000 profit
10.always remember to go with the momentum of the sensex
11.once in a while u will incur losses...make sure your profits are more than u r losses
12.my recommendation:do not trade more than 4-5 times a day like this ...wait for the right signal and then go ahead...
All the best
personally i also used to lose with day trading but out of experiences have learned so many strategies for making profits
Quit the icici direct if you are using that ..go instead for angel broking whihc is good for intra day