key lessons for Intraday Trading
should be to survive first and then make money.
If you are surviving in markets and
losing small, you will have time when you are favoured by luck and you will make
A trader without risk management is like a lonely girl got struck in a boy's
hostel. If you are using leverage, you should either be hedging your positions
or you should not carry overnight positions. Otherwise it is just a matter of
time when a big gap up or gap down will wipe you out.
The old classical things we need to
fight are fear, greed, hope and bias.
Bias is ignored by many but it can cause serious problems.
Just as day trading can be a great way to make money, it's also an easy way to
lose it. Don't look at this as a gambling den where luck, hope and prayers can
get you through. Intra-day trading is not an art, but a science. To succeed, you
need to use the right tools and have a disciplined approach. Follow the rules
and you can make money. Think out of the box, and you could lose your shirt.
Becoming successful trader is a
process. It is like any sport, which you learn the basic rules but then develop
your own style. Let us say cricket - each batsman (or bowler) has his own style,
which is unique to him. You cannot fully copy anyone, but you can learn from
others and develop your own technique of playing in markets, based on your
are unlimited number of ways you can make money in the markets and unlimited
number of ways you can lose. So be cautious every single second.
Supports and resistances are for making
bulls and bears hope. If you use technical’s and want to become a sound
technical trader, then we would advise to go for automatic system trading. For
others always remember not to use supports and resistances for hoping in the
Keep your losses small and
let your profits run. You have read that in many places but this holds true, so
implement it practically.
The objective should be to buy low and sell high, but to buy high and sell
Market can remain illogical longer than you or I can remain solvent. .
Sell markets that shows the greatest weakness, buy those which show the greatest
An understanding of mass psychology is often more important than understanding
Remember the worst mistakes
are made at the best times and best of the trades are made at the worst times.
Feel free to short sell. Short selling
is a great way to make fast money.
Always be prepared for
the worst, and when you are feeling stuck, remember these lines: "The further
you run from your sins, the more exhausted you are when they catch up to you.
And they do".
There are no shortcuts. You have to go through learning the process of trading.
If you did well paper
trading, it is not necessary you will do well in real-time trading. It has the
same difference as in batting at Net practice and batting under pressure on the
Maximum Drawdown (Peak to Valley) is less than 100 Points.
Expected Average monthly Points 300+
85% of the calls moves in our desired direction.
Success Ratio is above 65%
Intraday Call Samples
Key Lessons for