stock market

What is the simplest Intraday trading strategy?

Prakash Rao, Trader and Investor.

Intraday trading means buying and selling in the same day. It may be either buying first or short selling. Normally intraday traders book profit in small margins. People are making profit by repeated trades or by trading large quantities. One thing to be mentioned here is intraday trading is high risk involved.

The Golden rule of intraday trade is ride with the trend. Hence the first step to make profit in intraday trade is to identify the stock. Intraday charts are the best way to identify stocks for trading intraday. Also one should make a good home work before entering in intraday trade. Home work means, study the historical charts and find out the upward or downward moving stocks. Then see the previous days intraday chart. Find out the support and resistance levels. The better strategy will be buy at previous days support level and short at previous days resistance levels. Also shorting below support level and buying above resistance level are good ideas.

Keeping stop loss is very important for intraday trade. Otherwise one will loose heavily. Where to keep stop loss is a very important question. Again previous days intraday charts will help. If one shorted in a stock, keep stop loss at previous days high or days high. Also if bought, keep stop loss at previous days lows, or days lows. Another thing to remember is keep trailing stop loss and revise stop loss when one is in profit. Instead of booking profit, one can keep stop loss for profit and can revise according to upward movement. Normally this will help a lot in intraday trade.

The two things to avoid in stock market and particularly in intraday trade is panic and greedy. When one enters in a trade and goes in opposite direction, don’t be panic. Wait some time, keep strict stop loss. If stop loss triggers, don’t enter again. Wait some time and relax, watch the market trend and enter in some other stocks. Another thing to avoid is greediness. Some people will not book profit and wait for more and more profit. But such people will end up in loss only. In intraday trade book profit in every highs. Wait for a dip and enter again if trend sustains.

The best time to enter for intraday trade is after 20 to 30 minutes when the market opens. Some people will jump in the market at the opening bell itself. It is risky always. Watch the market in the early trades and find out the trend. First enter in some small quantity, say 25% of the quantity one is intended to buy. Then buy more in the next 10 to 15 minutes. The trend observed is intraday trading is stocks will shoot up till after 45 to 1 hour when the market opens. This is the best time to book profit. Once booked profit in a particular stock, better wait some time and watch the next movement and enter accordingly.

Here are some other strategies

Intraday Trading Techniques and Strategies to earn Good Profit in Stock Market

Now, it’s very easy to maximize the daily profit using Intraday Trading Techniques / Strategies in NSE India. Stock market fluctuations every time gives trader surprises and therefore trader should be ready to accept and challenge the unexpected. With the proper Intraday Trading Tricks and knowledge trader can have road to intraday trading success in the long run. Like the name suggests, intraday trading is a type of trading when the shares are bought and sold on the same day. The risk associated with Intraday trading is very high then other trading. But, if trader plays safely with right trading rules, he/ she can have success in Intraday.

Here are some simple, easy intraday techniques that can help traders to win the stock market and plan their profitable trade.

Let’s have your eyeballs on some of the Simple Intraday Trading Techniques by the experts of Nifty Trading Academy. NTA- pioneer Institute in providing live market practical training to budding intraday traders. In this regard, freshershould learn from the experts then put their shoe into Trading.

BASIC CANDLESTICK KNOW HOW :

Green Candle and Red candle.

There are four price in candle.

1.Open

2.High

3.Low

4.Close.

If Open to close is high it is a green candle.

If open to close Below it is a Red candle.

Intraday Trading Techniques Candlestick

Learn Intraday Trading Formula Of Break Out :

If Close is Above the previous Candle High.
It call as a Closing Basis Break Out.
This Break Out is Useful for BUY.
If Close is Below the previous candle Low
It call as a Closing Basis Break Out.
This Break Out is Useful for Sell Short.

Intraday Trading Techniques Rules :

– Useful for Nifty & Bank nifty ( Indian Stock Market )
– Accuracy more than 75 % to 80 % in Intraday (Day Trading)
– Input 5 min chart (Need min to min chart)
– Focus on day first candle High and Low (DFC)
– Chance to earn every month minimum 20,000 Rs. (Fix Income In Intraday Trading)

Intraday Trading Break Out Strategy :

Intraday Trading Techniques Break Out Strategy

Sell Trade Success Techniques

When the day first candle (DFC) gives closing below the low, trader should punch the sell trade. Trader should focus on the close & close below low. Trader can get closing on any no of candle i.e 3, 4 or 5 candle. The next candle to closing candle will be qualified candle to go for sell side.
Day first candle high and low difference will be first target for the trader to book profit.
DFC high be where you should put stop loss
you need to look for second target at 3:25 pm

Buy Trade Success Intraday Techniques

When the day first candle (DFC) gives closing above the high, trader should punch the buy trade. Trader should focus on the close & close above High. Trader can get closing on any no of candle i.e 3, 4 or 5 candles. The next candle to closing candle will be qualified candle to go for buy side.
Day first candle high and low difference will be first target for the trader to book profit.
DFC low be where you should put stop loss
You need to look for second target at 3:25 pm

Gap Up or Down Open – Good News Or Bad News ?

1. Previous Day High Above Open = Out Side Gap Up

2. Previous Day Low Below Open = Out Side Gap Down

INTRADAY BREAKOUT STRATEGY WITH OUT GAP-UP OPEN:

Intraday Trading Techniques – Buy

INTERPRETATION:

If the market open at price higher then previous day high its said to be Out Side Gap Up Open.If the DFC candle (9:15 Am) with gap up open price gives closing above high, go for buy trade. Here the close above high is on 4 candle. 5 candle is qualified candle to punch buy trade.

BREAKOUT STRATEGY WITH OUT GAP – DOWN OPEN:

Intraday Trading Techniques – Sell

INTERPRETATION:

If the DFC candle (9:15 AM) opens below previous day low, it is said to be Candle with Gap down open price. If The Candle with Gap down price gives closing below the low, go for sell trade. Here the close below low is on 2 candle. 3 candle is qualified candle to punch sell trade.

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