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.