Are You The Turtle Or The Hare? Would you want fast money or steady money?

The intraday trader is normally very impatient and enters this field only because he dreams of quick money . The intraday trader has a sense of impatience and wants to take multiple quick trades on small time frames. This is the main weakness or the impulsive behavior that needs to be brought under control . It is only those intraday traders who check the main trend and the confluence of their trading rules before taking the trade that survive the long battle and turn out to be winners in the long run.The intraday traders keep testing all the different indicators on live markets and do not stick to one method . The variety of trades will only cause the losses to happen and reduce your capital.The trader should stick to only one method and fine tune that so that the method becomes second nature to the trader and he is able to curtail his losses and maximize his earnings.It should be kept in mind that not only has the trader to keep control on his capital but also on the profits. That means that when you are in gain try to lock the profits rather than to wait till the stop loss is hit and just because of the reason of the ego that the desired targets will be met.The intraday trading software or any trading strategy that pone devices should comprise of all the factors. Not only the entry is important but also the exit is even more important than the entry. It is the small stop losses and the bigger gains which are locked that will ultimately lead to gains. This is the challenge that a trader faces. For maximum profitable trades , it is better to build a trading system that you feel comfortable to use and are not confused when taking the trades. This is the reason the buy sell signals software for intraday trading , is required by traders. It makes it more mechanical and the money management rules are also incorporated into it. even if the stop loss hits it will normally give a following trade which will retain the and regain the losses.

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RUPEE PROBLEMS

The Sensex and the rupee are at critical breakdown levels after the stock market fell on Friday and the rupee was retesting its previous lows against the US dollar. The drop in the US equity markets on Friday might provide another downward nudge to Indian equities and the dollar rally could push the rupee lower on Monday. Readers of this column should not be surprised by the moves in the equity market and the rupee. We had mentioned that the Sensex was in a downtrend and was supported by the gap. The same is true of the Nifty. (Click here for charts of Nifty and here for Sensex) In last week’s article we mentioned that price gaps are demand areas and happen when the opening price of a day is higher or lower than the closing price of the previous day. Reuters When there is extreme demand prices open much higher than they closed the previous day. That’s what happened to the Sensex on 31 January when it opened at 16,965 after closing at ...

INTRADAY PERFORMANCE NIFTY 17 AUGUST

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Accurate Tips, Rules and Techniques For Intraday Trading

Accurate Tips, Rules and Techniques For Intraday Trading We all go into the stock market to make profits and most traders go into day trading to make a substantial amount of profit daily without any long term commitments. However to make a worthwhile profit and maintain a certain standard in day trading you need to follow certain rules and techniques to maintain your profit level or even surpass it. So what are those tips, rules and techniques you need to become a successful day or intra day trader? 1) Don't trade the first 15 minutes the market opens: it's best to wait for these first few minutes and observe the market and spot potential rewarding opportunities. The first few minutes of the action are often panic trades or market orders placed the night before. It is advised even by professionals in the business to avoid this time period while also looking at the order of business for the day. 2) Newbies should avoid using margin: Margin is you borrowing mone...

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