How do I choose stocks for intraday trading?
I am sharing one successful and reliable strategy in intraday trading which can definitely help you to improve your intraday trading.
Well I started trading in this market from 2017 so I have grabbed much knowledge after spending lot of time in trading. I learnt few things from Intraday trading which I am mentioning below:
Intraday trading is completely risky so if any person is coming with only profit expectations or with sentiments, he/she should not trade because market will never understand your emotions.
Intraday trading is a technique which can be learnt and improved day by day so you have to keep on learning everyday.
Stock selection is most important part in intraday trading so you have to choose stock very wisely.
Intraday trading involves high risk which can give complete or partial capital loss so there should be risk calculation like 1% to 2.5% of risk of entire capital in a single trade. Because if your trade goes in to loss, you don’t loose more than that.
Never ever trade in stock market with anybody’s money. Yes this is most important while trading because I have seen many people who takes personal loan or borrow money from someone and regret after loosing that money. You should trade with your own spare money only.
Now I am sharing winning strategy which is not complicated for new comers and can generate good profit in intraday.
First of all choose less volatile and liquid stocks for trading in intraday. I don’t prefer high volatile stocks which can trigger your Stoploss easily or don’t have enough volumes.
Let me help you to choose less volatile stocks which has good volumes as well as they are not highly volatile. I will choose Apollo tyre if I have to choose from tyre stock rather than Ceat or MRF. Same way I will choose Ambuja cement rather than ACC or Ultratech cement. Adani enterprise has very good volumes today which I gave delivery buy on Friday at 155. So you can choose stock which have liquidity and less volatility.
Now you have to find out that either that stock is bullish or bearish. For that you have to check it’s last few days movement. If it is continuously bullish irrespective of market movement, I will buy that whenever I will find it near day’s low or at lower levels. Example of today: Tata Global is bullish stock and it was not falling with the market so it was a best buying opportunity when market opened. It was 260 in morning when market opened and closed at 266 and it was still bullish for BTST as well.
So whenever you have to trade for intraday, find out less volatile liquid stock and buy it at lower level if it’s a bullish stock or sell it if it’s a bearish stock. I never suggest to buy falling stocks to buy for intraday. Buy only strong stocks which are not falling with the market. JSW Steel is also a great example of that.
Remember few points while deciding about any trade:
Don’t buy falling stock or specially when it’s facing resistance because it can trap you and give you big losses. Latest examples are PSU Banks which were falling continuously. Never buy them for intraday though it looks attractive to you.
Buy only those stocks which are taking support and not coming down with the market and rising with the market so that you will get good money in intraday.
Don’t trade in stocks who have any kind of news, results or any controversy because it’s completely gambling to trade like that. Like we see that PSU banks has negative news from last 10–15 days, always avoid to trade in this kind of sector or stocks.
Always apply a proper stop-loss while you initiate any trade and maximize your profit by modifying your stop-loss to cost so that whenever big movement comes, you can generate big profit.
“Stock selection” is the most important part of intraday trading. These are the parameters all intraday traders should look to pick stocks for intraday trading"
Dear Friends,
I like discount brokerages not just because it helps save money but because its also a great innovative concept based on foundation called honesty ...
I used Zerodha Trading Platform Now? You'll love it to :-
Join Zerodha trade on their simple kite platform.
To join click on my referral link here
https://zerodha.com?c=ZK8607
I quote this site "That said, we also realized there is this small community of traders who are extremely talented and passionate. But, the biggest problem they face are: Not enough trading capital. A client with Rs 1lk returns 10% in a month which is brilliant, but that is just Rs 10,000, which in today’s world, is not enough to survive trading full time (more than 90% of our traders have less than Rs 1lk in their account). To earn more, he starts over trading taking bigger risks, and eventually ends up making a loss. Most of the times before blossoming into a great trader, the career ends."
Read more at
https://zerodha.com/z-connect/zerodha/why-zerodha/opentrade-learn-following-star-traders
So, if my blogs help you and if you wish to join Zerodha do it by using my link below it will be of help ...
https://zerodha.com?c=ZK8607
I am sharing one successful and reliable strategy in intraday trading which can definitely help you to improve your intraday trading.
Well I started trading in this market from 2017 so I have grabbed much knowledge after spending lot of time in trading. I learnt few things from Intraday trading which I am mentioning below:
Intraday trading is completely risky so if any person is coming with only profit expectations or with sentiments, he/she should not trade because market will never understand your emotions.
Intraday trading is a technique which can be learnt and improved day by day so you have to keep on learning everyday.
Stock selection is most important part in intraday trading so you have to choose stock very wisely.
Intraday trading involves high risk which can give complete or partial capital loss so there should be risk calculation like 1% to 2.5% of risk of entire capital in a single trade. Because if your trade goes in to loss, you don’t loose more than that.
Never ever trade in stock market with anybody’s money. Yes this is most important while trading because I have seen many people who takes personal loan or borrow money from someone and regret after loosing that money. You should trade with your own spare money only.
Now I am sharing winning strategy which is not complicated for new comers and can generate good profit in intraday.
First of all choose less volatile and liquid stocks for trading in intraday. I don’t prefer high volatile stocks which can trigger your Stoploss easily or don’t have enough volumes.
Let me help you to choose less volatile stocks which has good volumes as well as they are not highly volatile. I will choose Apollo tyre if I have to choose from tyre stock rather than Ceat or MRF. Same way I will choose Ambuja cement rather than ACC or Ultratech cement. Adani enterprise has very good volumes today which I gave delivery buy on Friday at 155. So you can choose stock which have liquidity and less volatility.
Now you have to find out that either that stock is bullish or bearish. For that you have to check it’s last few days movement. If it is continuously bullish irrespective of market movement, I will buy that whenever I will find it near day’s low or at lower levels. Example of today: Tata Global is bullish stock and it was not falling with the market so it was a best buying opportunity when market opened. It was 260 in morning when market opened and closed at 266 and it was still bullish for BTST as well.
So whenever you have to trade for intraday, find out less volatile liquid stock and buy it at lower level if it’s a bullish stock or sell it if it’s a bearish stock. I never suggest to buy falling stocks to buy for intraday. Buy only strong stocks which are not falling with the market. JSW Steel is also a great example of that.
Remember few points while deciding about any trade:
Don’t buy falling stock or specially when it’s facing resistance because it can trap you and give you big losses. Latest examples are PSU Banks which were falling continuously. Never buy them for intraday though it looks attractive to you.
Buy only those stocks which are taking support and not coming down with the market and rising with the market so that you will get good money in intraday.
Don’t trade in stocks who have any kind of news, results or any controversy because it’s completely gambling to trade like that. Like we see that PSU banks has negative news from last 10–15 days, always avoid to trade in this kind of sector or stocks.
Always apply a proper stop-loss while you initiate any trade and maximize your profit by modifying your stop-loss to cost so that whenever big movement comes, you can generate big profit.
“Stock selection” is the most important part of intraday trading. These are the parameters all intraday traders should look to pick stocks for intraday trading"
Life is simple, so you just keep it simple, dont complicate it.
Dear Friends,
I like discount brokerages not just because it helps save money but because its also a great innovative concept based on foundation called honesty ...
I used Zerodha Trading Platform Now? You'll love it to :-
Join Zerodha trade on their simple kite platform.
To join click on my referral link here
https://zerodha.com?c=ZK8607
I quote this site "That said, we also realized there is this small community of traders who are extremely talented and passionate. But, the biggest problem they face are: Not enough trading capital. A client with Rs 1lk returns 10% in a month which is brilliant, but that is just Rs 10,000, which in today’s world, is not enough to survive trading full time (more than 90% of our traders have less than Rs 1lk in their account). To earn more, he starts over trading taking bigger risks, and eventually ends up making a loss. Most of the times before blossoming into a great trader, the career ends."
Read more at
https://zerodha.com/z-connect/zerodha/why-zerodha/opentrade-learn-following-star-traders
So, if my blogs help you and if you wish to join Zerodha do it by using my link below it will be of help ...
https://zerodha.com?c=ZK8607
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