UrbanPro
true

Learn Stock Market Trading from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Intraday Trading - My way of doing it

Chandrashekar Senthil Kumar
16/04/2020 0 0

Who I am Right now is " I am a Greedy person, compulsive trader, proving person,  manipulator, Independent, non acceptor, not touch with reality, ready to book losses saying it is normal to book losses-  losses happens, too good looking to myself.  Inauthentic, out Integrity person, life/trading is like this I am incapable to change anything, emotional Trader.

Occurrence

  • Disciplined, Extra ordinary Technical Trader
  • Asset multiplier
  • Stubborn Profit maker
  • I am profit Booker 08 out of 10 Trades

Mastery in Trade

  1. I am Identifying scrips based on formulas.
  2. Formulas are M1, M2, Magic Breakout and D2 only.
  3. I successfully enter into trade every time with patients, where I need to enter that too on time.
  4. Before Entry I check the Exit point and calculate whether It is ok for me to take the profit, non profit Ratio. If it is ok then only I am trading.
  5. I reverse once only.
  6. As and when I am present that I have entered "out of formula" In case of out of formula Entry,  In spite of the situation/Reason why I entered into such trade.  
  • I should Book the profit whatever Available.
  • I should come out Instantly.
  1. When Trade going against the profit Direction.
  • Re check the chart/Formula? Entry point. Whether there is any formula target has been achieved.
  • Check for SL/Reversal order.
  1. I have to stick to the monthly lot size for the whole month.
  2. When a profit turns loss and it is coming back to profit then just book the profit and do not wait for your original target.
  3. Minimise the physical presence in front of the PC after 11 o'clock.
  4. As your First target hits make a trial profit order and shut that script out of your screen.
  5. Take care of profit protection order.  Profit will take care of me. Choose increased profit, Profit will automatically choose you.
  6. See what market is offering. Certainly the market will give you whatever you want.
  7. Get the confirm signal. wait for 15 minutes then Enter.
  8. In case profit protection order gets hit Be vigilant and Increase the profit that Day itself.
  9. Enter in a perfect formula only.
  10. Authentically See yourself why do you want to trade that moment., is because you are free or there is a push/urge to do trade or Really there is a Trading opportunity you identified or to increase the profit (Greedy).
  11. When Entering in case of Buy the present day high should be Broken, In case of sell the present day low should be Broken.
  12. Trade the Nifty when it opens Between 28 to 32 points difference or M1 & M2 , Strong magic Breakout, D2 conditions.
  13. In case there are long spikes at the start of the market or at the middle do not trade.
  14. In case If I am hesitant to give a call to anyone then do not trade on such calls.
  15. In case I have made 10% profit do not trade on the next day.
  16. In case on a trading or when I haven't traded on a any day there may be some good moments has happened which I might have missed, In that case I should stop trading further on that day or  on next day (it is quit natural to compensate that i might over trade, everything seems profitable trades.
  17. If I have fought or Disagreement with my wife or myself until I get complete with my wife or myself. Then switch on the pc, only after clear completion.
  18. Before Entering the trade confirm the Exit points.
  19. If I could not entered for any reason

              (i)       Do not trade in the same script (there is always a hangover syndrome)

  • See myself searching other things to compensate the possible profit or loss. In that case do stop the pc.
  • Get complete about it "fully".
  1. Stick to the formula for profit protection order when you are not sure of anything.
  2. In case of huge loss then what is expected acceptable to you. Please do not trade for two days.
  3. Trade after doing Direct access every day.
  4. Check the DIR before entering the trade.
  5. Stick to both profit and profit protection only.
  6. After entering the trade when I feel something is not in favour of the trade plan.  I exit at that moment itself.  After clear trend emerge then I enter into the trade.
  7. Check the inputs myself is there is any opportunity/possibility to enter the trade.  And check whether there is any target achieved  through other formulas.
  8. I am seeing the market through four formulas M1,M2,Magic breakout & D2.
  9. Speak to myself as a third reason about the scripts and broader market and give comparison study that will enlightens about the trend.
  10. I go in depth on all the formulas improvise on the formulas.
  11. I check the scripts on different time intervals before the entry.
  12. Analyse on all the trades at the end of the trade with Arthi.
  13. I let the profit runs/increase and I accumulate then.
  14. When the trade is profit running consider  it has shown Rs.10,000 then my profit protection order is at Rs.5000 points.
  15. On completion of each profit booking pamper myself with anything music, fruits, snacks.,etc.
  16. Switch on the monitor after 15 minutes on successfully hiking the target/booking profit.
  17. Check why I want the profit to run whether ;
  • To cover the loss on
  • Greedy
  • Really there is possibility present.

                                                                                               

0 Dislike
Follow 1

Please Enter a comment

Submit

Other Lessons for You

Concept Of Angel Investing
The 21st century is known as the entrepreneur age where numbers of young & enthusiastic individuals are starting up their own ventures individually or collectively. Today most of these companies are...

BankNifty Update For Jul-03, 2020
Banknifty opened 150+ points gap up @ 22133, reached our 1st target of 22300. It made top @ 22344 but could not sustain and sharply came down to 21900 levels. After that, it was typical expiry day rangebound...
N

Ninad Deshmukh

0 0
0

BankNifty Weekly Analysis - For Week Starting Jun-29, 2020
Banknifty formed Doji candle on Weekly chart after making a top @ 22479 on Jun-24. Forming Doji candles near resistance creates a possibility of a trend reversal. Resistance is coming from the zone of...
N

Ninad Deshmukh

0 0
0

How to choose Stock for Trading
Always go with the Higher Time frame Trend, 50 Day SMA will help you analyse whther a Stock is in Uptrend , Sideways or Downtrend. Never try to against a Trend. Use Strategy of Buy on Dips in a Uptrend...

VIX Analysis
The daily VIX chart shows the formation of Doji candles at the bottom and reversal. The daily RSI crossed the previous resistance level of 40. The MACD signal gave bullish crossover suggesting bullish...
N

Ninad Deshmukh

0 0
0
X

Looking for Stock Market Trading Classes?

The best tutors for Stock Market Trading Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn Stock Market Trading with the Best Tutors

The best Tutors for Stock Market Trading Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more