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syam nair
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ADVANTAGES OF INTRADAY TRADING By Syam Nair

From : Syam Nair at 07:24 AM - May 29, 2010 ( )
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WE SEE HERE...MANY ARE OF THE OPINION THAT INTRADAY DOESN’T HELP YOU GAIN…

BUT ONCE,YOU HAVE GOT THE RHYTHM OF INTRADAY TRADING,YOU WILL SEE HOW MUCH MORE BETTER IT IS,ESPECIALLY IF YOU ARE A SERIOUS EVERYDAY MARKET PLAYER IN OPTIONS AND FUTURES….
ADVANTAGES
YOU CAN  SLEEP WELL AT NIGHT NOT THINKING ABOUT GLOBAL MARKETS…THUS,AFTER TRADING HOURS,YOU ARE COMPLETELY FREE TO SPEND QUALITY TIME WITH YOUR FRIENDS AND FAMILY…
YOU HAVE COMPLETE CONTROL ON THE STOPLOSS AS THERE IS NO WORRY OF OPENING GAP DOWN OR GAP UP…
AT THE END OF THE DAY,YOU KNOW HOW MUCH MONEY YOU HAVE AND YOU ARE NOT UNCERTAIN…
ON OPENING GAP UP OR GAP DOWN AGAINST YOUR EXPECTATIONS,YOUR MONEY IS NOT STUCK IN THOSE POSITIONS WHERE YOU WAIT TO EXIT IN A LESS LOSS LEVEL…YOU CAN MAKE FRESH POSITIONS WITHOUT HAVING TO WAIT FOR ANYTHING…
THERE ARE  SOME FACTORS WHICH CAN HELP INTRADAY…LIKE…SOME OF THESE HAPPEN 90% OF THE TIME…
ON OPENING GAP UP,NIFTY ALWAYS TRIES TO CATCH UP WITH THE PREVIOUS DAY HIGH OF NIFTY FUTURES…THE SAME HOLDS FOR OPENING GAP DOWN WHERE IT TRIES TO CATCH UP WITH THE PREVIOUS DAY LOW OF NIFTY FUTURES…THIS HAPPENS DUE TO AN UNEXPECTED  GAP DOWN OR GAP UP THE NEXT DAY AND A COVERING RALLY OCCURS FOR SAFE EXIT…
EMA CROSSOVERS…50EMA AND 20EMA OR ANY HIGHER AND LOWER EMA…20EMA STAYING ABOVE OR CROSSING 50EMA FROM BELOW IS BULLISH…AND VICEVERSA…
DAILY RSI…RSI BELOW 30 CAN MAKE A BOUNCEBACK,THUS TAKE MOST LONG POSITIONS FROM THERE…RSI ABOVE 70…SHORT…
WHEN PLAYING OPTIONS,KEEP A WATCH ON NIFTY FUTURES BUY AND SELL COUNTERS TO SEE THE BULLISH OR BEARISH CONDITIONS…THIS FUNCTIONS MUCH BETTER THAN THE STOCK COUNTER…
VOLUME INDICATOR…BULK BUYING INDICATES THE STOCK PRICE RISE WITH HIGH VOLUME BARS MEANING A BREAKOUT ,A SIGN TO GO LONG AND VICE VERSA…
WEBSITES LIKE GOOGLE FINANCE CAN GIVE YOU ALMOST LIVE CHARTS WITH ALL TECHNICALS…DOWNLOADING SOME CHART SOFTWARES CAN HELP MORE…

AND LAST BUT NOT THE LEAST,BE PATIENT...YOU NEED MORE OF THAT IN INTRADAY...YOU WILL SEE SMART PLAYERS BRING A STOCK DOWN TO ENTER AGAIN AND MAKE WEAK PLAYERS EXIT...LIKE FOR EXAMPLE,WATCH INTRADAY CHART OF RIL ON THE VERDICT DAY OR EVEN YESTERDAY...28/05/2010...AS YOU GO MORE,YOU WILL START TO GET THE RHYTHM OF IT...

ENJOY INTRADAY TRADING!!
 
 



In Reply to above Message (1 to 13 out of 13) -- Latest Replies are put on Top | First | << Previous | Next >> | Last |
subu mani
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From : Subu Mani at 11:16 PM - Sep 27, 2010 ( )
Thanks ji


Ananth Babu
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From : Ananth Babu at 10:51 PM - May 31, 2010 ( )
EXCELLENT SHYAM. AS WE R UR FOLLOWERS,WE NEED SOME LEARNING FROM U. PL KEEP POSTING LIKE THIS.


lakshman r
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From : Lakshman R at 08:33 AM - May 31, 2010 ( )
Very good analysis, can u pls help us by posting buy and sell in nifty for a few days so that we can follow the technicals as suggested by u.


syam nair
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From : Syam Nair at 03:10 PM - May 29, 2010 ( )
Thanks,friends...Dev,what you say is very right...there is no place for emotions in stockmarket,some examples for holding on to emotions are...

when we hold on to a stock or position even after the stoploss is hit,believing it will come back as our mind keeps telling us your opinion is right...

we want to be the first to catch the reverse trend...so in a falling market,we tend to be the first to go long or viceversa...we take positions so early but the market will continue to fall...

Basically saying,this is human emotion and we all go through it however expert or experienced we are...and this is what smart players in the market make use of...I say this,but i still get tricked a lot...

It holds true for positional traders too but intraday players have to be much more concerned about it...well,that makes trading more challenging...


rohit sharma
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From : Rohit Sharma at 02:13 PM - May 29, 2010 ( )
MY EXPERIENCE WITH INTRA NOT GOOD. SWING IS GIVING ME THE GOOD RETURNS


NANDA KUMAR
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From : Nanda Kumar at 01:24 PM - May 29, 2010 ( )
Dear Shyam Sir, Very Nice Work.You explained very clearly about Intra day Trading.


Dev Mukherjee
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From : Dev Mukherjee at 01:16 PM - May 29, 2010 ( )
SYAM bhai intra trading is very good only if the trader trades without emotions..and strictly follows levels and stop loss...also..to consider the volatility of options..intra in options is best thr is..OPTIONS ARE THE BEST POSSIBLE VEHICLE IN THE PARADISE OF INVESTMENTS WHICH OFFER INCREDULOUSLY HIGH RETURNS....from a website so. THis drives it home.! NJOI .


Barun Biswas
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From : Barun Biswas at 10:07 AM - May 29, 2010 ( )
After a long time a very good post sir. We want more intraday tricks from your end.


Annamalai Gurusamy
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From : Annamalai Gurusamy at 09:49 AM - May 29, 2010 ( )
A Very Good Lesson / Advice for the Novice Intraday Player like me. 

May god's grace with you to give more useful advice to the trader

- Thanks


keerthi shruthi
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From : Keerthi Shruthi at 09:38 AM - May 29, 2010 ( )
Nice article bhai. We need u r support always


T.M.Suresh Babu
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From : T.m.suresh Babu at 09:31 AM - May 29, 2010 ( )
SAIRAM Thank U Jii,Keep Posting like this


vaibhav pandey
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From : Vaibhav Pandey at 09:06 AM - May 29, 2010 ( )
this is wat we all expect frm u all seniors.a must read post.continue with this type posts shyam bhae


ram baba
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From : Ram Baba at 08:16 AM - May 29, 2010 ( )
very good sir.


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