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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!!
 
 



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