Last Hour Strategy

Last Hour Intraday Trading Strategy

The Last Hour Intraday Trading Strategy offers a compelling approach for traders seeking swift and decisive results within a single hour. Rather than navigating the complexities and potential pitfalls of all-day trading, this method minimizes risk and maximizes efficiency by focusing on the final trading hour.

Advantages of the Last Hour Intraday Trading Strategy

This strategy mitigates the risk of overtrading or averaging down, as traders typically make only one decisive entry in the direction of the prevailing trend. The outcome is binary—either a gain or a loss—resulting in reduced stress and clearer judgment during trading.

Since trading occurs in the last hour, you have the opportunity to analyze daily charts, enabling you to make informed decisions regarding the trend and potential price movements. This strategic timing allows for well-defined targets and low-risk stop-loss placements, as you can assess daily support and resistance levels, highs, lows, and averages.

If a stock demonstrates strength throughout the day, it is likely to continue this trend into the last hour, minimizing the chances of a reversal and thus lowering overall risk. The Last Hour Intraday Trading Strategy favors stocks that have demonstrated resilience against market fluctuations, increasing the likelihood of profitability during the trading day’s final moments.

Selecting Stocks for Last Hour Trading

For long trades, focus on stocks that have been trading above their daily averages. Enter during a dip and place a stop-loss order at support levels or just below the average. Conversely, for short trades, target stocks trading below their daily averages. Enter the trade and set your stop-loss at resistance levels or above the average.

Trading Rules and Considerations

To maximize your success with the Last Hour Intraday Trading Strategy, adhere to the following principles:

  • Follow Trading Rules: Stick to your trading plan and guidelines to maintain discipline.
  • Analyze Volume: Ensure the stock is trading with substantial volume, confirming the strength of the trend.
  • Minimize Stress: The concise timeframe reduces pressure, making it easier to focus on strategy rather than emotional responses.

Utilize this Last Hour Intraday Trading Strategy to capitalize on daily market dynamics and enhance your trading results.

Consistent Intraday Trading Strategy

Consistent Intraday Trading Strategy

Trend Reversal 

In setting up a Consistent Intraday Trading Strategy, a trader needs to learn to lose less and gain more in winning trades. 

All traders who are successful in intraday trading develop a strategy of their own, earning profits consistently with less number of losing trades, or lose less in their losing trades and gain more in their winning trades.

If you want to lose less or gain more in any trade you need to have the right entry and exit formula with the right time frame. If you master these techniques, surely traders start making money in any market.

A Consistent Intraday Trading Strategy will have

  • A good entry strategy
  • A good exit strategy

A good intraday trading entry strategy: 

A good entry strategy should have a good risk-reward ratio where you have good gains if the trade wins and a risk of small loss if the trade fails. In order to have a low risk, you should be able to analyze the chart, know the technicals, and evolve a strategy wherein you have a good percentage of gains.

A Good Intraday Trading Exit Strategy: 

 A good exit strategy is the one where you book good profits with the right target price, having stop-loss, having a trailing stop-loss, that suits their trading style, individual personality, and risk appetite.

In trading, the stock market whether it is Indices, Futures market, Cash market, Forex (Foreign Exchange), Commodities like gold, silver, aluminum, crude oil, platinum, and many other futures or stocks, profit-making is not an easy task nor there is any easy money. You need to build your own intraday strategy that works for you, your temperament, your funding capabilities, your risk-taking ability, and controlling your emotions.

Markets will not spare anyone. If trading is not done to a strategy, a set of written down rules and following a strict discipline with proper money management may eventually lead to huge losses, or a drawdown, affecting them financially, socially, and emotionally.

Trend Reversal Strategy:

To be successful in trading different traders have different strategies.
The best Consistent Intraday Trading Strategy is a trend reversal strategy with weighted moving averages cross over setups wherein you get a very good risk-reward ratio. If the prices move in your direction the rewards or the profits will be huge. For this entry, one must wait until a breakdown or a breakout happens in the right time frame preferably higher time frames like H1 or H4. But for this trading, waiting is money.  It will lead to a huge accumulation of gains in the long term if followed with strict discipline and determination, 


Consistent Intraday trading Strategy

Consistent  Intraday Trading Strategy

A consistent intraday trading strategy is not becoming rich overnight it is in getting a reasonable profit regularly and accumulated leading to a huge amount at the end of the month or year. 

One should not blame the markets after losing one's trade. Markets do not harm you if you have the right approach. Markets are always right, they do not have emotions but we have, markets do not make mistakes, but traders do! and repeatedly.

How to be a Disciplined Trader?

All trades cannot guarantee a profit, losses are bound to happen and nobody can predict a market. By learning money management skills, traders can control losses thereby consolidating the profits earned.

There are so many stocks moving in its own waves, depending upon the fundamentals, technical's, company news, results, and many other factors move in positive, negative or may not be moving so the question in a trader's mind is how to select best intraday stock for trading?.

 Entering a trade which is the easiest part with or without a strategy many times with gut feelings you enter a trade but exiting needs mentally trained and disciplined by knowing when to enter and when to exit a trade. If you do not want your trade to fail then you need to have the best setups with minimum loss and maximum profits by trading at the right time and best time frames for intraday trading.

If your trade runs into a profit everything is fine, but a loss, Cutting a losing trade requires mental ability to overcome strong emotions which most of the traders let lose the losing trades run until it explodes into their faces with a margin call or total erosion of capital so in order to avoid it take steps to know beforehand where to place a stop.

 If you have a good profit you feel on top of the skies, but if you had a bad day a loss or a drawdown or a margin call then it is very stressful and emotionally straining. How will you overcome depression? What attitude a trader should possess for a bad trading day?

 When in business loss and profits are part of the game. you will have to take both in the same spirit, learn from it and go ahead, do not carry the baggage. 

Accumulate capital slowly even in small amounts, but steadily, consistently, without greed see the results of compounding after few months.

 In order to succeed financially in trading one should build a Consistent Intraday Trading strategy that suits their trading style and individual personality.

Think, if 90 % of traders lose, then what makes the remaining 10% succeed? what do they have in them that 90% do not? 

Yes! they have a good and consistent intraday trading strategy, they follow with strict discipline, they follow and stick to their rules studiously, they control emotions, they prevent losses, they minimize their mistakes, they enter and exit to a predetermined written rule strictly. Building a consistent intraday strategy requires a lot of chart study, technical analysis, indicators patience to succeed, attitude, avoiding frequent repetitive mistakes, and learning from the past performance.

If you want to succeed in Intraday trading you need to adopt the following into your Trading Style.

  • Frame rules and follow before and during the trade.
  • Know the behavior of the market
  • Trade long in a bullish market and short in a bearish market
  • Pick the right stock
  • Add the right indicator in the chart
  • Have the money management system in place.
  • Avoid common trading mistakes
  • Stick to rules and cut losses
  • Trade only if the volumes pick up.
  • Be emotionally strong.
  • Choose the right time frame and time to trade.
  • Learn from professional trader's quotes and books.
  • Do not get distracted during trading hours.
Read more »

Trader Qualities

Trader Qualities for Intraday Trading CITS

Attitude is a Winning Formula for Traders:

Trader Qualities for Success: Qualities decide Success or Failure in Intraday trading.
First and foremost Never ever trade position sizes that cause you increased anxiety 

There is a day for all traders when all the trades or some of the trades executed goes against you, you may have made the right decision but the markets hit hard on you, or maybe because of your personal problems there may be wrong decisions totally a bad day that is when you need to exit, stop trading and retire for the day there is always another day to make profits. Do not trade when you are upset or not in your right spirit. Trading requires concentration, an upset mind, depression, frustration, anxiety leads to a disaster.

How to control emotions after a series of losses?

Most of the traders lose trades frequently making huge losses, some losing all their capital which ultimately makes them quit trading. As one gets accustomed to the technique of trading one can try to minimize losses by learning from their own mistakes.

 Asking oneself the following questions. What made the trade lose? Where did I go wrong? How can I correct it? Was my entry time correct? Was the setup right? How to overcome losses? What should I do to get even or make profits? First and foremost is How to avoid losses?. Try to answer and solve those questions. 

Success in trading begins not by gaining alone but first by retaining the capital without losing it. Find your best strategy to avoid losses. Study your losses. Losses are inevitable in the beginning stages and should be converted as the stepping stones for your profit and for your success. 

Some of the commonly adopted techniques that lead to profit are by avoiding losses due to over trading, undisciplined entry/exit strategy, chasing a stock. After each trade study your profit/loss by analyzing whether you made your entry right? If right, was your exit right? Irrespective of losing or winning trade, Keep a track of your win versus loss statistics to evaluate and decide future winning entries. 

The setup repeats again and again and tries to make your entry right the next time and exit with more profits. Trading does not have a single rule winning formula or strategy that always gives profit.

 Every good trader undergoes loss but comes back to trade after learning from their mistakes. Do not trade without Stop Loss. Know your risk and be cautious always.
Trader Qualities for Success in Intraday trading are: Stay calm, Keep Your Perspective, Stay Comfortable, Slow Down, Appreciate, Be Mindful, Abandon Stubbornness, Conquer your Emotions, Move On

Stay calm.

 Never trade position sizes that cause you increased anxiety. Stay within your comfort zone.

Keep your perspective. 

Keep in mind that one losing trade does not a failure make. If you are risking 1% of your trading capital, it should only be one of the next 100 trades.

Stay comfortable. 

Make sure you are physically comfortable and relaxed while trading. Good posture, correct ergonomics, drinking and eating correctly, and staying mindful of your wellness are all critical to your success. Visualize. Your future success is based on your current discipline and your ability to focus on trading your system. Visualize your success, and it will come.

Slow down. 

Only take your best entries and setups. Most stress comes from trying to make things happen when the odds are against you.

Appreciate. 

Being thankful for your family, friends, hobbies, and outside interests will help keep your trading in perspective.

Be mindful. 

Pay attention to your emotions and mental processes. Watch them rise and fall, and rather than being a captive of your internal narrative, step back and be an observer of it. This will create a space of equanimity.

Abandon stubbornness. 

Focus on your trading strengths and do more of that every day. Stop devoting time to the things that cause financial losses and mental or emotional pain.

Conquer your emotions. 

Stop making trading decisions based on fear or greed. Instead, focus on your trading plan and commit to only acting on facts and not mental fiction.

Move on. 

Be willing and able to exit and cut your losses when you are wrong. Move on to the next trade, knowing that each one is a new beginning.

“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.”
Randy McKay

Trading requires a lot of patience, commitment, trading rules, strategy, willpower, and discipline to make profits but again, the loss is inevitable one should be able to take profits and loss in the same spirit. 

Keep learning about the markets, Nobody knows the Future, The more you learn the more you can trade with a good setup, and the more disciplined you are the more success you will have.

It is how you manage to avoid or minimize the losses and maximize the profits will determine your success.

Stock trading is a high-risk job and definitely not suitable for weaker hearts. One should decide whether one wants to be an investor or a trader.

A trader is buying or selling a stock for a shorter duration of time to make profits from a fluctuating stock price mostly within a day or two or few trading days taking maximum risks., 

Only a few traders succeed in trading. If you want to be in those few learn the tricks of Trading. 

Never let go of a winning position.

  • Never trade without a stop loss.
  • Do not average a losing position.
  • Follow the rules. 
  • Have a plan and follow the plan strictly.
  • If you have a good trading strategy stick to it and do not change or look for another if you had a few bad trades.
  • Have patience wait for a good entry, do not enter and wait endlessly or lose.

Trading Quote: Linda Raschke

Trading Quote: Linda Raschke

First 15 Minutes

First 15 Minutes Intraday Trading 

Most of the traders lose money in First 15 Minutes Intraday Trading because they do not have a proper strategy of picking stocks, when to enter, and when to exit the trade. 

There are different intraday strategies that different traders use during the entire trading hours. 

  1. As a beginner, the First 15 Minutes of the Market Opening must be avoided, as the professional traders are at work setting the tone or the direction of the market for the day, and setting/settling the previous day's STBT and BTST calls it is very risky to trade during this time as the volumes are also less during this period it may change suddenly in any direction and the market gets factored for the condition of the Asian market, previous day's European and US markets closing condition, day's market news, company news, etc. so it is always better to avoid this initial timing and give time for the market to get settled. 

  2. After an hour check out the broader market condition whether the indices are trading in green or red. check the majority of the stocks, advances declines, Do not be in a hurry to enter a trade.

  3. If the indices are trading in green then look out for the bullish stocks to trade and if the indices are in the red lookout for the bearish stocks.

  4. Select the strongest of the stocks trading in the green or red in the First 15 Minutes of the opening market, for a bullish or bearish trade and the overall trend of the market.

  5. For long calls the selected stock must have opened green in the First 15 Minutes, that is, the open should be more than the previous day's close. The low must be nearer to the previous close or below the previous close and the LTP should be above the average traded price, the average traded price must be above the previous day's closing, If all these criteria are filled look for the volumes or rather the value because the value gives the correct picture whereas the volumes are different for different stocks, low priced stocks have more volumes than the high priced stocks for the same value. If all these conditions are met go long at supports and ext at resistances. 

  6. For short calls, the stock must have opened negative in the First 15 Minutes and the day's high should be near the previous close or above the close, the average price must be below the closing price and the LTP should be below the average traded price, then check the value of the stock if the value is also more, enter the trade at resistances and exit at the supports.  

  7. For every trade, you enter to make sure to insert stop-loss orders without fail, for long calls previous support acts as SL, and for short calls, previous resistance acts as SL. Do not trade without a stop loss for the market may change anytime and one may come out of the trade with minimum loss.

  8. Do not average the losing trade. Average only if you are sure of the trade within the stop loss and once the stop loss is hit. exit and do not move the stop loss, do not re-enter the same trade again.

    9. 15 minutes of market opening Indicative only

    First 15 minutes of market opening

Note: Intraday trading is highly risky, hence take minimum profits and exit with minimum loss. Learn the art of trading before you put your real money. Always retain your capital. 
f you are a day trader avoid trading in the First 15 Minutes of market opening and you will get better trade later in the day.

Gold Trading Strategy

Gold Trading Intraday Strategy

How to Trade Gold with a Capital of $500

Fix an average daily % target say 5% to 10% of profit and 5% loss. That comes to $25 to $50 profit and a $25 loss now works out the number of lots required to achieve that. If you keep a $5 stop loss you must be trading with 0.05 lot size only, if you have 10 lots you have only 2.5 dollar stop which gets hit in volatility. More the number of lots greater the risk. Usually, traders get more leverage and they buy more lots like 40 lots (40x$4.5=$180 for 1:400 and $360 for 1:200) the spread and brokerage takes $20 the equity is $480.

If the trades move out in the opposite direction then for every one dollar movement there is a loss of $40 if it moves beyond $10 a huge drawdown and subsequently, the account gets squared off or if there is a movement of $6 dollars in the opposite direction the account is reduced to half. If there is a stop loss of $5 the account is reduced by $200+20=$220 a huge loss of 44%. Now work out the details if you have 20 lots the loss will be % 110 a 22% loss, a 3 to 4 days of series, loss wipes out the account. So if you trade with only 10 lots that come to a loss of $50+5 =$55 loss you still have $445 dollars with you to trade the next day or another trade.
Drawdown and Gold trading Strategy

Gold Intraday Trading Strategy


 So keep in mind the lesser number of lots the lesser the risk and by avoiding huge drawdown we get more number of trading days, more number of trades, and more opportunities. Always new traders are keen on taking profits but rarely think about controlling or limiting the losses, keeping the losses under check guarantees the winning edge and automatically one becomes a profitable trader. If the trader is able to restrict losses to 5 % the trader can sustain the account for a longer time if a series of bad trades occur.

The key to success is avoiding huge losses and controlling the losses to minimum as possible so as to retain the capital to play another day. 
The best strategy to win consequently is to restrict the losses maximum to 10% of the capital.
So for a $ 500 account, the maximum loss is $50, so if you keep a stop loss of $5 then you can trade max 10 lots of 0.01 ie 10x.01x5=$50 (left out the spread for easy calculation) I would prefer a 5% to 8% loss ideally. The 10 lots you trade may not be at one go it can be split into 5 lots of .02 size but $ 5 SL order for each and every trade.

Conclusion: To prevent getting your account wiped out due to a huge drawdown always calculate the maximum percentage of loss for the account, accordingly restrict Lot size with strict stop loss.

Read more »

Drawdown and Leverages

Drawdown and Leverages Intraday Trading

Opt for Lower Leverages to Avoid Huge Drawdown in Intraday Trading Strategy

Are you having a Huge Drawdown in Trading?

Learn to manage your account with right Leverages and try to avoid huge drawdown in trading. Manage your account properly with the right money management techniques, stop loss strategy, and not have the right entry and exit strategy, you need to acquire trading skills that make you a winner.


 Learn that skill that makes you succeed and master as a trader. 


Learn to control losses, but before that learn to control your emotions, The hardest part in intraday trading is controlling a huge drawdown in any market whether it is Commodities, futures, or stocks, or forex trading.

How to Prevent Recurring Trading Losses and Drawdown?

Place a stop-loss, 
Do not move or change your stop-loss order stick to it.
control your emotions before placing a trade know what your stop loss will be for that particular trade. 
Do not place the stop-loss order too far or too close.
stop-loss order. 

Keep tight stop loss at Predetermined Levels

In order to prevent a huge drawdown and wiping out your capital, utmost care should be taken to see that you control your losses to the minimum possible extent by keeping the tight stop loss at predetermined levels. 

Before placing an order calculate the loss you can bear in that particular trade and place the stop-loss order which should neither be too far nor too close to hit the stop with market volatility or noise and when you are overconfident of your trade and avoid stop that is when the market teaches us a very hard lesson which will definitely lead to a huge drawdown when the trade goes wrong.

 Opt for Lower Leverages

There are different margin leverages allowed by different brokers like 1:100, 1:200, 1:400, 1:500, etc. For easy understanding let us take an example of gold trading with a fund of $500.

In order to trade a 0.01 lot size with 1:100, you require $ 18, $ 9 for 1:200, $ 4.5 for 1:400, $ 3.6 for 1:500 and so on.( Assuming the gold is trading at $ 1800)

 To prevent losses one should opt for lower leverages than higher leverages.

To understand easily let us compare 1:200 and 1:400 margins leverages.

In 1:200 if you spend $90 you get 0.10 lots ( 10 lots of  0.01 size)

In 1:400 if you spend $90 you get 0.20 lots (20 lots of 0.01 size) so it is cheaper and one is tempted to buy more lots to gain more profits, but what if it turns out into a big drawdown?. One should always think about the loss and not about the profits because the profits can take care of itself but the losses are to be taken care of by the trader and prevent it in order to avoid huge drawdowns in the capital to be in the business of trading and save capital for another trading day.

Since the broker is giving higher leverage the new traders take more positions thus wiping their accounts in a short period of time. Let us learn some basics of how to keep your account running.

Read more »

Advice from Successful Traders

Advice For Intraday Trading

Make Good Returns with Less Capital Consistently

  • A Successful Trader must involve a set of rules to follow irrespective of the trading results and one must obey the rules unquestioningly. For this one needs to list out the rules or else the emotions take over and the judgment leads to overtrading or loss accumulation and may lead one's capital to erode or even get wiped out.
  • A Successful Trader's key to success is sticking to rules they frame from their own experience of trading and following the general rules of trading. 
  • Markets can give you a huge profit and take away your entire capital at any time if you are not sticking to your strategy and trading rules.
  • If you want to make good returns with less capital consistently, safely, follow the rules of trading strictly with discipline and no excuses. 
  • Always write down the trade before, and after exiting the trade and analyze the trade for future improvements required.
  • Making a good profit in a day and losing everything the day after does not amount to consistency, Select a good strategy where you are not required to lose heavily with strict stop losses. see that when you enter a trade you must be confident about the entry that it is little or no chance of hitting a stop loss is the key to success.
  • Losses are inevitable in trading but losing heavily is in your hands. Overtrading, not having a stop loss, are risks, which one should not take, let the bets be small, stops should be placed comfortably but safely.

Read more »

Opening Hour Behavior

Opening Hour Behavior Intraday Trading

Market Direction and Reaction in Indian Markets

Every intraday trader needs to understand the market Opening Hour Behavior and Direction for Intraday trading. Once you understand the behavior of the markets not only the opening but also throughout the day, a trader is able to take trades effectively.

Through Opening Hour Behavior and analysis of markets, A trader will be able to understand what possibly will be the day's trend when to trade, when to sit idle and when to exit a trade. This is most important for intraday traders as they might have experienced their trades being idle for long hours or move in the reverse direction to trigger their stop-loss orders and comes back to their original price or move to their target price. This problem can be addressed if you know when to be in the trade and when not to be in the trade. 

Opening Hour Behavior and Analysis of Indian Markets for Intraday trading

Trading in Indian markets starts at 9.15 am and closes at 3.30pm IST. So each trader has its own strategy and rules of trading depending on their trading experience and expertise. Some trade at the opening, some trade after thirty minutes, some trade later before the start of European markets, some after the European markets open, and some trade at closing hour. 

Before going for the best intraday trading time let us analyze the market behavior and the opportunity by tracking the movements depending upon the market sentiments, news, views, etc.

Daily Market Reaction and Analysis:

 Markets always absorb all the news, fundamental, technical, market-related ratings, data, economy, political statements, politics, long term and short term technical indicators, currency movements, employment-related data, company-related data, international markets behavior, investor sentiments, and expectations, and many more which are all factored in for the closing price including expectations of the next day’s move by tracking the charts. Suppose the markets expect a bullish move the next day, the big boy's investors, the professional traders, institutions all gear up for an up-move which is factored in at closing, and technical indicators point towards a positive open.

Between closing and opening of the market, if any unexpected news which is not factored in comes up, that needs to be factored in after the market opens.

So when the news is in sync with the market expectation the trend continues, opens on a positive note, and continues moving towards resistance levels, else the trend changes as per the new conditions.

Opening Hour Behavior and Trading Opportunity:

If the trend is in continuation of the previous day’s trend, bull traders get in and buy again pushing for a new high or up to the next resistance level. Those who have shorted and the bears try to sell the highs and try to pull back towards the closing or support levels making a low. If the price comes back to support levels the bulls re-enter at lower prices and push the price higher towards the resistance levels so the fight continues if the bulls are strong and able to keep the price above the open with volumes then a bullish candle is formed.

In the above context, traders have many opportunities some examples of making profit trades

Trader A: Buys at the opening say time T1 and closes at resistance or a high making a profit at time T2

Trader B: Sells at the high at time T2 waits till it reaches support or a low and exits making a profit at time T3.

Trader C: Buys at supports or lows say at time T3 and exits at resistance or higher prices making a profit at time T4.

Trader D: waits till it gives a good entry point when it breaks the high at time T5 and exits at a new high at time T6 to make a profit.

So each trader has his own trading strategy of playing the market and is right in his own way.
In the above scenario, the traders doing it in the opposites lose thus making a loss. In the above examples if Trader A buys at T2 he is a loser similarly Trader B selling at T3 will be a loser, Trader C selling at T3 or Trader D selling at T5 will be a loser. So in all the above scenarios timing and time frame is important as you notice it if you hold on for more time you may be under loss because of the market price fluctuations and hence a stop loss is a must for any trade.

In conclusion, the timing and waiting for the right opportunity and exiting the trade at the right time will give you the profits and random entry without noticing the market price actions will eventually become a loss trade. If you know the market well there are multiple opportunities.

Read more »

Know Your Trading

Know Your Intraday Trading

Long and Short Trade

For earning money a trader should have know the Basics of Intraday trading Strategy, such as market behavior, chart reading, technical indicators, support levels, pivots, resistance levels (which can be calculated using the pivot calculator) etc so that they will be in a better position to analyze price movements to initiate a trade position to make decent profits by knowing when to book a profit or when to exit a trade.

What is Intraday Trading Strategy?

In intraday Trading Strategy, a trader takes a position of either short or long trades in stock or indices or futures or commodities for a very short period of time and covers the position within the same day and not carry the position for another day irrespective of the resulting profit or loss.

What are Long Trade and Short Trade in Trading?

A long trade is the one where a trader initiates a trade for futures or options by buying first and selling it later for particular price futures and options or stocks or commodities. In a long trade, one makes a profit by buying at a lower price and selling at a higher price.

A short trade is the one where a trader initiates a trade by first selling a future contract or option and later buying it. In a short trade, one makes a profit first by selling at a higher price and buying at a lower price.

Usually, for long trades, it is better to buy at support levels and sell at resistance and for short trades sell at resistance and buys at supports depending upon the risk-reward ratio or their individual money management techniques.

How many years of Experience should an Intraday Trader have?

In order to make profits in intraday trading, one must acquire trading skills by watching videos of famous traders, technical analysts, watching webinars, seminars, learning from good traders, self-improvements, etc which one may get it from a few months to years depending upon their learning capabilities and money management techniques to make consistent profits. Traders also install Algo trading software which is integrated into the system, automatically trades as per the trading signals of the programmed trading software with systematic trading without any manual operation.

Can one make intraday trade offline without a terminal?

 For an intraday trader, it is always advisable to be online watching the price movement, indicators, and charts unless they are professionals, who place their trade orders, stops, cover orders for a particular time frame, or in autopilot. Offline trading or calling the broker and placing an order consumes time and by the time the order is placed the price may change or the required entry-price may not trigger due to time delay of the operator or time lag in the call.

How to Build The Best Intraday Trading Strategy? 

In intraday trading, each individual trader has their own day trading strategies which they have analyzed with their own experience or through trading tutorials or mentors and knowledge skills, money management techniques, and risk-reward ratio. One should be able to know the previous day’s close, candlestick patterns, moving averages, and other technical indicators to formulate a strategy to make consistent profits. A well-disciplined trader always makes money.

What is Paper Trading, How paper trading can be useful for profits? 

Yes, for a beginner  It is always better to start with paper trading, get accustomed to it and make consistent profits in the paper for over a period of time before making an actual trade with real money since it involves emotional experiences, the fluctuations in the market brings in.

Can Intraday Trading be done for all Segments?

 Intraday trading can be done either in the cash segment, derivatives futures or in the commodities segment.

Can one trade without a stop-loss order?

No, Even before entering a trade a trader needs to have an exit strategy and place a stop-loss order to avoid a drawdown in case of a failed trade. Taking a small loss is better than blowing up the entire account.

Best Time Frame, Technical Indicators

Selection of a time frame and time of the day is very important for day traders, some trade for 15 minutes, 30 minutes, one hour or two hour or whole day depending on their experience and skills, professionalism, capitalization, money management, etc. and stick to it irrespective of the outcome.

Studying the chart movements days support levels, pivot, resistance levels, moving averages, close of the previous day, open, high, low, average and volumes, the trend of the day, stochastic, MACD, RSI , William's % indicators will help to choose and pick the right stock to trade.

It is always better to select a liquid stock for intraday trading.

All trades cannot be winning trades so stop-loss is a must.
Before entering a trade one must have an idea of where to place a stop-loss order.
Read more »

Money Management Tips

Money Management Tips Intraday Trading

Avoid Losses Intraday or Swing Trading

Traders Lose or Gain depending upon their money management system. If the trader is good at maintaining proper money management then success shall follow. Losing is a part of trading but losing less and winning more will lead them to succeed.

List of Simple Money Management Tips to Avoid Losses in Intraday Trading Strategy.

  1. Limit your losses by keeping track of your winning and losing trades money saved is money gained.
  2. Learn to reduce your losing trades and increase your winning trades 
  3. Losses cannot be reduced just by decreasing the number of trades but by minimizing the loss in a losing trade. 
  4. The percentage of winning trades versus losing trades must be more.
  5. Maintain a risk-reward ratio.
  6. Use trailing-stop loss to maximize the profit in a winning trade and stop loss to minimize the loss in a losing trade.
  7. Successful traders minimize losses, reduce losing trades, and maximize profits by increasing winning trades. 
  8. No trader becomes successful overnight it takes time, experience, commitment, discipline, and money management skills. 
  9. In the initial stages do not invest huge amounts in order to gain huge amounts it is not possible to gain that way. Invest a small amount and make small gains initially and consistently the profits itself accumulate. 
  10. The first step to success is limiting the losses.
  11. Success in trading comes by limiting the losses and gaining. 
  12. To be successful you either increase the number of winning trades or increase the profit amount and limiting your losses. 
  13. Once the loss is heavy the capital gets eroded and the profit earning capacity of the capital is also reduced.
  14. A seasoned trader can make profits in all types of markets whether bullish, bearish, or volatile market conditions by knowing how and where to cut losses. 
  15. All losses are small at the beginning and keep growing to become huge. 
  16. Cut losses at the beginning. 
  17. A common mistake is letting the losses grow hoping that it reduces without making any effort of reducing it. 
  18. But the market has other plans it keeps increasing the losses which go to a proportion that when you want to cover it you have to take huge losses, which ultimately blocks your mind to take decisive action, later. 
  19. It is always important to cover the losses when the loss is bearable and not leave until it becomes unbearable. 
  20. Exit if you feel the trade is not moving in your direction, put a stop no matter how confident you feel. Do not wait for the losses to come down, it may not so Quit the trade immediately to cut your losses. Take a different trade or quit for the day.
Follow the above simple money management system tips and the success follows.

simple Money management system

Trading Quotes: Ed Seykota

Read more »
Subscribe to: Posts (Atom)