“Cockroach Janata Party” - What Next.

 

For most of the time I have stopped writing on Socio-Political issues. But “Cockroach Janata Party” movement forced me to write this blog as a review/confirmation of what I had written 5-10 years ago in blogs (available on -http://pekale23.blogspot.com/ under the general head kale’s point of view.

This blog’s central idea is- I. Any system will create its own opposition. This is natural. II. Against the positives of having strong leader, there are negatives also. III. Any group/person supporting, any organization, support it for its own interest. If those interests are hurt, support is withdrawn. IV. It is human, that if one wish is fulfilled it creates another and different one. 

Those who wish survive must co-opt new demand rather than crush it.

Blogs selected today are as follows:

1. Heading-There can not be a vacuum any where, specially in Politics. Blog post date.12-02-15.

With BJP Mast (Self overjoyed, Ruttiest), Congress Sust (Sluggish, Sickly or Weary) and AAP Yvast ( Busy, Active) the result of Dehli Election was a fore gone conclusion.

History is repeated today, with failure of established opposition parties to contain BJP in its juggernaut, and crumbling of established institution to protect democratic principles, the space for opposition or voice against power was vacant or there was vacuum and this time CJP filled it. What will be long run effect of CJP? It is foolish to predict. As happened with “Aaam Adami Party”, who could not keep their own promise of change for public good and became another political party which is continuously facing reverses under the political attack of two bigger parties BJP and Congress.

Whatever happens in future, but CJP or for that matter Youth of India has shattered the perception of invincibility of BJP and atmosphere of fear/ silence against injustice.

2. Indian Democracy. -Pitfall of Popular (strong) Leader. 24/03/17.

Now it is well accepted that Indira, by destroying regional leaders and internal structure, caused severe   damage to congress from which it is yet to recover. Same thing can happen with BJP. BJP a cadre-based party, but may become complacent and become leader centric party.

The problem I voiced in 2017 has become visible in BJP. The problem with having strong leader is, it cuts off, leader from real feedback, his/her team is filled with incompetent persons, there is no second line of defense and so on.

In the hindsight, probably an independent education minister concerned with only education (who is not obsessed with centralization of education, so called safronization of education and reversing in hurry everything that was there in education system), would not have allowed this situation to take place.

Apart from NAT and NEET fiasco, there was/is problem with a. UGC new regulation, b. CBSE online marking, c. introduction of 3^rd language in 9^th class and declaring English as foreign language with compulsion to study two Indian languages, d. post covid reduction of syllabus up to 12^th standard (both reason c and d) which reduced student’s competitiveness   at international level.

All this did not go well with upper caste, middle and upper middle class, in spite of they being strong supporter of BJP.

3. Opposite is complimentary. 10-12-19.

First, no human being, no social system is complete. Second, whatever and however great its achievement, participant / beneficiary will always fill lack of something and strive for change (Maslow). Conclusion is- if any system or social order wishes to extend its shelf life for policy making (having explained complementary nature of opposite), it is always better to co-opt opposite view rather than crush it. But alas, the concept of opposites (and crushing it) is deeply engrained in our society (and today’s politics).

In independent India Congress survived for some time based on its CAPITAL (पूण्य) of achieving independence for India. But soon, that generation faded away and a new group got prominence on the idea that in spite of we getting independence from Britain (and Muslim rule) after 800 years and Muslims having got Pakistan, India is a secular country and not a Hindu Rashtra and we need to achieve that past glory. Removal of article 370, construction of Ram Mandir etc, were favourite project. BJP came to power based on creating this feeling and riding on this wave.

Like what happened with Congress, that generation is slowly fading and a new generation is coming on horizon, which sees no value in removal of article 370, construction of Ram Mandir etc. and feels rule under BJP as autocratic, devoid of liberty, equality and so on and these things must be demanded/expected from RULER.

If BJP wants to extend its shelf life, instead of crushing the movement /demand, it must co-opt this demand.

 

4. Relevance of past in PRESENT and future. 19-01.20

Having too much past in our psyche, is like participating in a race with front of our car in opposite direction and driving in reverse gear. We just cannot hope to win the race.

To be honest, points to be written here are overlapping with points made at number 2 and 3. In the name of recreating past glory of India- “भारत वर्ष” - and slogans like “विरासत भी विकास भी” (both valid values if implemented in balance), presently too much emphasis is on PAST rather than future. Youths are being encouraged to adopt विरासत, rather than be future ready.

We are driving the car by viewing in rear-view-mirror, instead of having an eye on front road.

So, like- “नजर हटी दुर्घटना घटी” – No wonder CJP phenomenon happened. Surprise is it took too long to happen.

What will happen in future, as said earlier it is foolish to predict. Our, experience is “जमाना जितना बदलता हुआ दिखता है उतना ही वह वैसा का वैसा रहता है”। “Annna Movement” could not stop corruption in India, “Nirbhaya” episode could not change position of woman in our society. Such changes/movement that did not change anything are beyond counting.

A few years back we were hoping “काग्रेंस मुक्त भारत” but post 2024 election it resurfaced. Post 2024 general election we thought BJP down, but is stronger than its 2024 position.

My interest is how BJP deals with this situation- crushing it or coopting it.

 

Stock Trading-(Day Trading)-Concluding Blogg-17

             xii-Conclusion-Perception about the result of Trade and condition for success.

Blaming the markets can be an easy way out to explain what happened with your trade but if you really stop and think and stay honest with yourself, you will realize that your results are not the market's fault. In fact, the market does not even know you exist nor it cares about your position(s).

 

Your wins and losses are the reflection of your knowledge/understanding and experience with the market. The reflection of the system you trade and it is long term expectancy.

 

So, focus on the things under your control and at the end of day /trade, think -Did I follow my strategy? Did my setup appear? Did I apply proper risk management? If you answered yes to all of these, congrats that was a good trade.

 

Understand that even if you do everything “right,” you can still lose a trade. And even if you break every rule in trading, you can still win a trade.  It is all about having that statistical edge, where you can be so sure that even if you lose more times than you win, you still walk away profitable. However, there could be certain odd days on which strategies yield no eligible stocks to trade on those days, so it is better to avoid trading on those days. Further, very few days like one in a couple of months, the selected stock might not yield very good profit.

 

One of the Hardest Parts of the Trading is Having Patience to wait for the Right Moment. If I must declare what is more difficult- Technical Knowledge or Mind Discipline. I will vote for Mind Discipline. Technical Knowledge, strategy etc. can be borrowed, learned externally, but Mind Discipline must come or developed in house (self).

 

To practice and develop attitude that- Quality is more important than Quantity of Trade. It is OK to miss TEN (seemingly) opportunities of trades rather than take a single forced/revenge trade, and प्राप्त ही पर्याप्त है, is necessary and sufficient condition for success in Intra (for that matter any) trade.

GOOD LUCK.

Stock Trading -(Day Trading)-16

                                                      Xi- Selection of Stock.

The success in day trading lies not on how you trade but how you select the right stocks. There are certain criteria for stock selection. 99% of success lies in it & the moment you develop the sure strategy of finding it then trading in it require just 1% of effort.  Further there are certain conditions for tracking the progress of the selected stock in its intraday performance. There are definite parameters for tracking the exact entry time, perfect exit time to yield maximum profit amongst others. Your mistake might be you are doing reverse of above.

You learn FOLLOWING.

1. OPEN INTEREST & ITS RELATION BETWEEN % CHANGE IN PRICE. Open Interest (OI) in the stock market refers to the total number of outstanding contracts, such as futures or options, that have not been settled or closed out. It essentially measures the amount of active interest in a particular security. The relationship between OI and price change can reveal valuable insights about market sentiment and potential future price movements. 

Open Interest and Price Changes:

i. Rising Price, Rising Open Interest: This suggests a strong bullish trend, as more traders are entering the market, increasing the number of outstanding contracts, and driving prices higher.

ii. Rising Price, Falling Open Interest: This might indicate a weakening bullish trend, as some traders are closing out their positions, potentially leading to a pullback in price.

iii. Falling Price, Rising Open Interest: This can indicate a bearish trend, as more traders are entering the market to take short positions, pushing prices down despite an increase in outstanding contracts. Iv. Falling Price, Falling Open Interest: This can be a bullish signal, as it suggests that the bearish sentiment is waning, and more short positions are being closed out, potentially paving the way for a price recovery. In essence, analysing changes in open interest alongside price movements can provide valuable insights into the strength and direction of market trends.  

 

2.TRY TO FIND THE LIST OF WEEKLY LOSERS & WEEKLY GAINERS IN NSE FUTURES.

3.TRY TO DEVELOP A SIMPLE MATHEMATICAL FORMULA THAT INVOLVES BOTH

ABOVE CITED CONDITIONS.

This completes the 99% task of winning the day trading.

For the balance 1% success . DEVEOP

1. A SKILL IN KNOWING ABOUT TECHNICAL INDICATORS. (RSI, MACD, BOLLINGER, MOV AVERAGES, SUPER TREND, TRIX, ROC, CCI,)

2.THE SKILL OF ALTERING THE DEFAULT SETTINGS OF THESE INDICATORS

3. ART OF MIXING THESE VARIOUS INDICATORS (Superimposing them)

4. THE SKILL OF INTERPRETATION OF THESE SUPER IMPOSED INDICATORS.

5. AND DO PRACTICE OF PAPER TRADING OF YOUR FINAL STRATEGY ON ONE STOCK DAILY & MAINTAIN THIS LOG FOR MINIMUM OF 5 TO 6 MONTHS.

 

This requires a slogging for days to weeks to even year.  Be adamant in nature against many failures you will see at initial stages. NEVER THINK OF GIVING IT UP. Maintain the daily notes of each observation, reasons of failures & corrective action to be taken or taken. Daily record the video of your strategy from its infant stage to final stage.

Be ready to slog for 12 to 15 hours a day.

Stock Trading- (Day Trading )-15

                                             xv- Concise Intraday Trading Strategies.

Here is a different, more straightforward, and concise approach to intraday trading strategies, focusing on what works best in various market conditions:

 

1. Breakout Trading: The Power Move- What it is: You identify key support and resistance levels and jump in when the price breaks through either of those levels. A breakout often leads to strong momentum. Why it works: Momentum usually continues after a breakout. How to execute: Find levels: Look for clear support and resistance. Wait for confirmation: Ensure the breakout is accompanied by strong volume. Exit: Set tight stop losses just below (for buys) or above (for sells) the breakout point. Best for: Strong trending stocks or news-driven moves.

 

2. Momentum Trading: Ride the Wave-What it is: You identify stocks that are making strong moves and join the trend. If a stock is going up, you buy; if it is falling, you sell. Why it works: Stocks with momentum tend to keep moving in the same direction for a while. How to execute: Use indicators: MACD or RSI to confirm trend strength. Enter the trade when the stock is moving in one direction and buy/sell accordingly. Exit: Use trailing stops to lock in profits as momentum continues. Best for: Stocks with strong, continuous trends.

 

3. Mean Reversion: Bet on the Bounce-What it is: The idea is simple: when prices deviate too far from their average, they are likely to return to it. This works when stocks move too much in one direction and then reverse. Why it works: Prices rarely move indefinitely without pulling back. How to execute: Watch for overbought/oversold conditions using RSI or Bollinger Bands. Enter the trade when the stock looks likely to reverse. Exit: Take profits when the stock returns to its mean or average. Best for: Stocks in sideways markets or those showing extreme price movements.

 

4. Range-Bound Trading: Buy Low, Sell High-What it is: This strategy works in flat markets, where prices move between defined levels of support and resistance. You buy when the price is near support and sell near resistance. Why it works: In non-trending markets, prices tend to bounce between fixed levels. How to execute: Identify key support/resistance zones. Buy when prices approach support and sell when they hit resistance. Exit: Place tight stop losses just outside the range in case of a breakout. Best for: Flat or sideways markets.

 

5. Gap and Go: Exploit the Morning Rush-What it is: If a stock opens with a significant gap (up or down), you trade in the direction of the gap, expecting the price to continue moving in that direction. Why it works: Gaps often indicate strong market sentiment and can lead to continuation. How to execute: Watch pre-market news for major events (earnings, news, etc.). Enter the trade when the gap occurs with high volume. Exit: Set stop losses at the high/low of the gap, depending on your position. Best for: High-volatility stocks or news-driven gaps.

 

6. VWAP Strategy: Stay with the Flow-What it is: VWAP (Volume-Weighted Average Price) is an important indicator that shows the average price a stock has traded at throughout the day, adjusted for volume. Why it works: Institutional traders use VWAP to gauge market trends. If the price is above VWAP, it is a sign of upward momentum; if it’s below, it signals downward momentum. How to execute: Buy when the price is above VWAP and sell when it is below. Exit: Consider a stop loss at the VWAP level or adjust as the stock moves. Best for: Trending stocks and those with high volume.

 

7. Scalping: Tiny Profits, Big Volume- What it is: Scalping is about making lots of small trades to capture tiny profits. You might only hold a stock for a few minutes or seconds, but the goal is to make many trades throughout the day. Why it works: Small, frequent profits can add up quickly. How to execute: Look for highly liquid stocks with tight spreads. Enter and exit quickly, often using order flow and fast execution platforms. Exit: Close trades as soon as they are in profit, even if it’s just a few paisa. Best for: Fast-moving, liquid stocks with low spread costs.

 

Key Principles for Intraday Success:

Adapt to Market Conditions: Different strategies work best depending on whether the market is trending or flat. Know the environment you are trading in. Risk Management: Always use tight stop losses and only risk a small portion of your capital on each trade. Speed: Intraday trading is about quick decisions. Always be ready to react fast. Discipline: Stick to your strategy and avoid getting emotional. Do not chase trades or hold on to losing positions.

 

In Summary: Whether you choose to ride momentum, capture breakouts, or trade within a range, your success will depend on choosing a strategy that suits your trading style and the market conditions. The simplest trading strategy is the one that you have practiced repeatedly and have mastered over the period by trading consistently. There is no one single strategy qualified to be claimed as simplest.

Stock Trading-(Day Trading)-12-13-14

                         xii-Understanding Support and Resistance -Wicks do not lie!

There is a reason behind demand and supply and price actions which can be deduced through the charts with the different time frames. Look at the daily charts and see areas of short-term support and resistance and combine them with indicators like RSI and MACD.

Now let us see, how to decide the top and bottom of a stock in day trading:

1. Look for Support and Resistance: Support: The price level where the stock usually stops falling and starts bouncing back up. Resistance: The price level where the stock usually stops rising and starts dropping.

2. Use Moving Averages: Moving averages are lines on the chart that smooth out price movements. Short-term Moving Average (like 9 or 21 periods): If the stock stays above this, it is likely in an uptrend; below this, it is in a downtrend. Watch for when the price crosses these lines, it can signal a change in direction.

3. Check Volume: Volume tells you how much the stock is being traded. High volume at a certain price level can confirm a strong support or resistance.

4. Watch for Candlestick Patterns: Hammer: Looks like a hammer and often signals a bottom. Shooting Star: Looks like a star and often signals a top.

5. Use RSI (Relative Strength Index): RSI is a number between 0-100 that shows if a stock is overbought or oversold. Above 70: Stock might be overbought (potential top). Below 30: Stock might be oversold (potential bottom).

6. Pay Attention to the Time of Day: First Hour: Markets can be volatile, so watch for tops or bottoms forming. Midday: Often slower, but sometimes the trend starts reversing. Last Hour: Another time when trends might change.

7. Combine Indicators: Do not rely on just one method. If you see a support level, low RSI and a hammer candlestick, it is likely a good bottom.

xiii-4 crucial steps.

There are 4 crucial steps that are essential to get success with day trading: 1. Technical Analysis.2. Money Management.3. Trading Psychology. 4.Execution. All these concepts are like the 4 wheels of a car, and without one wheel, a trader will not be able to achieve success in day trading.

Step 1 - Technical Analysis- Technical Analysis is a method used to predict the future price movement of an instrument by analysing the old data in different ways. Current and past price action is the most reliable method to predict future price movements in stocks/indices. Technical Analysis is fun if a trader is on the right track. But we have a lot of information about technical analysis, and it is difficult to connect all the dots.

Step 2 - Money Management- “Even a poor trading system could make money with good money management” In trading, you will be in the game until you avoid big dents to your portfolio. Money Management is a process with a set of rules to allocate the required position size to reduce the risk while aiming for good returns in day trading. So, ensure not to lose more than 2–3% of your portfolio when a trade goes wrong on any day.

Step 3 - Trading Psychology-Psychology means the mental factors or emotions governing a situation or activity. So, when we say trading psychology, it implies cognitive factors related to trading. There are 4 major emotions revolving around trading are greed, fear, regret, and hope. Learn E: emotion control: F: fear control: G: control of Greed & finally H: Have full HOPE (Faith)in your efforts. All these factors emerge because of a lack of knowledge and conviction. Back-testing, meditation, and maintaining a trading journal helps to achieve better trading psychology.

Step 4 – Execution-Execution is the real Holy Grail in Trading. We need to ask a question to ourselves, "What is important to me in trading - making money or trading every pattern?".

 

Consciously we may pick the 'making money' option, but without much consciousness, our daily activity does not support it because we like to trade all the patterns in all the stocks. Hence, executing one profitable strategy over a period is the most important aspect to make money in day trading.

                                          xiv-Execution is the real Holy-Grail.

We already know that psychology and mindset is very important in trading. So besides having a proper trading system, the part that matters as well, is how did you execute on it. Two traders could trade the exact same system but achieve completely different results and the reason is execution. The execution part has a lot to do with emotions. You can know what/when/how to do, but if you get too scared or excited about doing it and do it too soon/late, you will have a completely different P&L compared to the trader who did everything as planned. This is why the greatest thing you must fear is not the market but yourself.

 Never take the position with 'MKT' or 'SL-M' order type. Always use the 'LMT' or 'SL-M' order type to take entry/exit your position. This one tip can save you from losing several million!

 Simple concepts work well- Simplicity is the highest form of complexity. Many profitable day traders use simple moving averages (MA) in their trading system.

Tops and Bottoms- Do not aim to catch the tops and bottoms in trading. Only two people can catch tops and bottoms - 1) God and 2) Lier. Instead, focus on making better entry & exit, which provides a high probability of success.

Avoid Revenge Trading-Believe that you paid some money to the Market to learn the critical lessons.

Power of ONE-Aiming to develop mastery in one trading system is more critical than learning many trading techniques.

Anything can happen in the Market- A simple way to counter this issue is by having a hedge position with another broker.

Stock Trading- (Day Trading)-11

                              xi- High Rate of Return trading habits/rules, Small Trades and Trailing.

A.- Trading Habits/Rules-

1. Studying charts:  Consistent practice will make you find new patterns, edges, and setups. New edges and better analytical skills will boost your trading arsenal.
2. Journaling trades: Reviewing past trades will help you understanding your mistakes. Tracking your emotions during entries and exits can improve your psychological edge.
3. Back testing: Back testing your system repeatedly, by correcting your mistakes, will drastically improve your execution and self-discipline level.
4. Planning trades in advance: A step-by-step plan will help you control your enemies like fear and greed.
5. Checking rules before a trade:  Paste your trading rules in front of your PC and check them before you take any trade. Trading is a long-term business.
6. Thinking in probabilities: Thinking in probability will increase your mental accuracy like nothing else in the world. Execute like a robot and manage risk and trades like a casino.
7. Increasing goals gradually: Trading is the most rewarding business in the capitalism era. Your effort and skills will compound 1000x your money, so break your limits.
8. Patience and the love for trading will determine who will stay and who will quit.
9. Trade only in best Day Trading Stock.  Best trading stock includes High liquidity, Reasonable volatility, Sector Specific Stocks, Stock with good correlation with overall market.
10. Right Entry, Exit and Stop Price. The first and foremost important trade require to set an enter price, exit price as well as escape price. Never underestimate the importance of exit strategy.
11. Market position with Limit orders Instead of Market Orders. 
12. Do not do trading Daily.  Wait for the best opportunity possible. Your patience will surely pay off.
13. Trade with money which you are ready to lose. 
14. Nobody has made money in the Stock market consistently without the knowledge & experience. The stock market respects and operation needs both. Never think that the Stock market as a part time job. Time & experience teach a lot of lessons. Traders who learn from their mistakes can earn, and others QUIT.

B. Importance of small Trades in Controlling Emotions (and loss)- It is crucial to be able to control your emotions in trading. How you trade decides to help keep you stable emotionally or make you emotionally wreck. You may be trading in a way which causes huge swings in not only your account but your emotions as well. When you are emotionally erratic, it is impossible to consistently make good trading decisions. This can spiral out of control and even cause you to blow your account.

 

So, earning like, 5k + 7k -2k+ 4k + 8k -2k =20k, is better than 50k - 80k + 30k - 20k + 40k =20k. The second option will leave you emotionally exhausted. This is why many traders fail to control their emotions. You should reduce the size of your swings - your wins may not be so big but your losses will not be so big either. Less major swings in your account, the less emotional swings you will have in your life. Trading is an emotional roller coaster but it is up to you to decide how high and low you want the swing to be.

C. Trailing is a controversial and double-edged weapon in profiting strategy- On one side it protects the earned profit from loss but on the other hand it limits potential profit. So, it is individual’s preference whether to go for trailing or not. I think when you are in profit you can go for potential maximum profit at the risk of single SL. On the other hand, if you are facing continuous drawdown and tasked with rebuilding the capital, it can be a good strategy to go for NO-LOSS philosophy and go for TRAILING.

Stock Trading- (Day Trading)-10

                                           X.-Cost, Type and Time of (day) trading

1.Cost-Before one starts trading, understanding the cost of trading is very much important as choosing the broker, minimum size for a single trade, type of trade, segment in which to play etc. depends on it. Ignoring this may turn your gross profit (sale price-purchase price) in to a net loss. Including brokerage, there are 7 different type of charges we end up paying to any broker, 1. Brokerage, (Motilal Oswal does not charge for intra- day equity trade) 2. Transaction charges. 3.GST on brokerage. 4.STT.5. Sebi Fee.7. Stamp duty.

 

Let us assume, you bought and sold 1 lot Bank Nifty futures in Intraday. You buy at 32000 Bank Nifty futures and sell at 32010. a ten points profits. Considering, you are trading with 1 lot, which is 20 quantity, then your gross profit is 20*10=200 Rs.

 

Item	Rs.	But in 200 Rs. profit, there are multiple cost you end up paying, Rs.40 is gone for brokerage assuming Rs.20 per order, so buy side Rs.20 and sell side Rs.20. You pay 18% GST on brokerage, which is 18% on Rs.40.Then you pay 0.0019% of turnover as exchange transaction charges. To calculate turnover, simply multiple quantity with entry price/exit price, that (20*32000) +(20*32010). You pay Securities Transaction Tax, which is 0.01% on sell side turnover, which is 0.01% * (20*32010). You pay SEBI Fee, which is 0.0002% on total turnover, which is 0.0002% * (20*32000) +(20*32010). You pay Stamp duty, which is 0.003% on total turnover, which is 0.003% * (20*32000) +(20*32010).
Entry	32000
Exit	32010
Profit	10
Quantity	20
Gross Profit	200
Brokerage	40
GST on Brokerage	7.2
Turnover	(1280200)
Transaction Charges (0.0019%)	24.3
STT 0.01 % on sell side Turnover.	64.00
SEBI Fee 0.0002% on Turnover	2.6
Stamp Duty 0.003 on Turnover	38.4
Total Charges	176.5
Net Profit.	23.5

Adding up all charges, it is around Rs.176.5, so in Rs.200 profit you ended up paying Rs.176 as total transaction cost, so simply we should not carried away by gross profit or take away only Rs.40 brokerage we pay as our charges.

These charges changes from broker to broker and time to time and greatly affect the size and type of trade. Recently, govt. increased STT on Futures and Options (F&O) trading, effective April 1, 2026, contain the increasing volume and losses to retail traders.

 

2.Types of Trading (within a day) -Day trading involves A. trading during the day, whereas B. high-frequency trading is typically done round the clock. Day traders are usually able to make slower, more thoughtful decisions, whereas high-frequency traders are generally looking for "quick in-and-out" trades. (research shows day trading is more competitive in markets with low volatility, whereas it is less competitive during periods of high volatility). Further C. a scalper is who aims to capture small moves with significant quantities and plans to take more trades and uses, 1 min, 3 min, and 5 min timeframe charts.

 

However, both high-frequency trading and day trading draw from the same sources of information (i.e. price chart) that could lead them to the same conclusions or predictions about an asset's future movements. But the chances are very less (of agreeing)

 

Day trading is often touted as being lag-free (without delay or interruption).  Day traders do not have to compete with high-frequency traders because their trades are slower and less frequent. Opportunities exist in all the timeframes, be it 1 min, 5-mins, 15 mins, 30 mins. Hence day traders should pick one trading system that has a positive edge and should take a small risk with each trade. Just ensure to use ‘LIMIT’ or ‘SL-L’ order to avoid any accidental slippages (Loss).

 

3. Ideal Entry time and time frame for day trading- Market tries to settle in an hour, within that period, first 30 minutes are very important, If the price does not go below the first 30 minutes low, then it has meaning. It is considered important because in that period it tries to make day’s high and low and try to find its feet. Sometimes first 15 minutes form as master candle, price rotates in that range till the end of that day, one should master the intraday patterns, thoroughly then one can succeed.

 

Time Frame- One should use time frames around 15 mins to 1hr because it provides the most consistent chart without waiting for a longer time. This provides more time to do more trades within a day. Always remember, the quality of your trades is more important than the quantity.

 

a. Never enter the market at market start. -i.e… at 9.15am. Calculate the formula for both short and long around 9.45 am. Trades should come only after 10.45 am till chart templates bottom cross for buying on bullish days OR indicators top cross for shorts on Bearish days.

 

b. Enter the market at (for analysis) 9.50 am. By that time all amateurs, inexperienced, BTST & STBT people would have left the market.

 

c. Never trade between 10 am to 10.30 am. Many times, all these technical trading signals will be FAKE. So keep yourself busy in doing xl calculations to find out the probable list of stocks to be taken up for that day trading till 10.30am. NEVER DO THE AUTOMATION OF YUR CALCULATIONS.  Do it manually during this time. This will safeguard you from indulging in to wrong trades between 10 to 10.30am.

 

Considering all above ultimately trade only in those stocks which your buy /sell charts templates qualify. Wait patiently till your BUY / SHORT chart templates indicates the trades initiation. Hold on to the trades till your technical charts indicates to book the profit.