I've been trading for a living for 8 years now, the articles and comments are clearly written by people who dont do this for their daily bread. Too broad, trading is a specialised profession, you dont need to predict. Google marketscientist
and follow the mentor posts, then google nifty trading strategies,
then learn to a trading method like the newton trading method
* don't trade into bulk * don't follow news channels like CNBC which always cheat people. Infact if you do opposite to what you say you win 80% * Before entering a trade just check out who is winning the trade. If the stock has opened in positive & after 1st session its going down then you must understand that bears are winning & if the prices continue to come down then one must short * you must have atleast 3-5 stocks for trading along with their support & resistance levels & their positional trend( say 200 day moving average. if stock is trading above 200 dma then its current trend is positive, while if the stock is trading below 200 dma then its trend is down) * day trading is mixture of your observation,psychology & right decision at right times. There is no place for those who don't want to put stoplosses while doing intraday trade. * your stoploss should be fixed at the time of entering a trade & by following such strict mechanism only you can win the market in intraday trade. Otherwise your fingers will get burnt" * remember "market is supreme". Respect it, respect the current trend, trade with the trend & you will win
thx..for reading.( for those who want to trade with peace of mind check out index trading by searching google "mini nifty cycle" & read more about it.
well with lot of traders doing intraday trade is suicidal especially in Indian markets. Just google "mini nifty cycle" & check out how small trading into index can work out wonders for anyone with even a small capital of 50,000- 1 lakh.
