I told everyone: Market is consolidating. Thus, you should to understand what I’m saying.
Today you can sell Gold, Silver and copper but where I should to sell it? Targets and stoploss? I’ll say it to my subscribers only! To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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DEVELOP A METHODOLOGY AND STICK WITH IT.DON’T CHANGE
METHODOLOGIES FROM DAY TO DAY.
I require my students to actually write down the specific market prerequisites (setups) that must take place in order for them to make a trade. I don’t necessarily care what the methodology is, but I do want them to make sure that they have a set of rules, market setups or price action that must appear in order for them to take the trade. You must have a game plan. If you have a proven methodology but it doesn’t seem to be working. in a given trading session, don’t go home that night and try to devise another one. If your methodology works more than one-half of the trading sessions, then stick with it.
(Updated on 22-05-2012 Time 08.50 AM)
In our earlier post, we indicated the 4765 was one of the level that might reverse the trend.
The market dipped to and bounced off that level.
We also told that markets were in extreme oversold levels
and shorting is not advisable at that much lower levels.
Now for Today…
NF seems to open with positive note.
Trading above 4827-4834 for 15 minutes or more will take it to 4865-4892.
In lower direction 4800-4777 are intraday support zone.
In panic selloff 4765-4752 may not be ruled out.
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(Updated on 21-05-2012 Time 02.50 AM)
In our last post we indicated the 4765 level and market dipped and bounced off that level.
We also told that markets are in extreme oversold levels and shorting is not advisable.
Hence buy Nifty future at 4852 and in a couple of minutes it zoomed to 4900 level.
Now what for Today…
Expect the relief rally to continue and 4935-4956 level to watch.
We told you to buy Nifty Future at 4852,
Reliance Capital at 290,
Axis Bank at 942 and Divis Lab at 905.
All these have achieved their targets the same day.
Reliance Capital has soared to 315 up by huge 8%
Axis Bank too up by almost 2%.
Divis Lab up by more than 2%
Windfall profit overnight.
I hope everyone enjoyed huge gain from all our calls.
That’s why we believe in timely and precise recommendations rather than giving
numerous calls so that subscribers don’t get confused.
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The term day trading, as the name suggests, is when an investor buys and sells shares of stock or other financial investments during the course of a single day. All outstanding positions are settled before the market closes each and every day. The main objective for a day trader is to make quick profits from any shares price increased or decreased throughout the day. This type of investing has become very popular over the last decade and continues to increase in popularity on a daily basis.
Wikipedia’s definition of day trading is “The buying and selling of securities on the same day, often online, on the basis of small, short-term price fluctuations.” About.com’s day trading definition is a little bit different but carries the same tone, “Day trading (and trading in general) is the buying and selling of various financial instruments, such as futures, options, currencies, and stocks, with the goal of making a profit from the difference between the buying price and the selling price. Day trading differs slightly from other styles of trading in that positions are rarely (if ever) held overnight or when the market being traded is closed.”
When buying and selling stocks, a day trader will generally select a style that is suited to that particular investor. For example, some may only hold shares or stocks a matter of seconds or minutes. This type of trading style is known as short-term trading. If the investor holds shares throughout the business day then this style is known as swing or position trading. Some day traders will even combine the investing styles but most will generally pick a certain style and stick to it.
There are different kinds of trades as well, such as counter-trend, ranging, and trend trades. Counter-trend trades go against the current stock price movement as in selling when the price is going up. Trend trades is trading in the opposite direction or trading in the direction of the price movement such as buying when the stock price is going up. Then there is ranging trades which are trades that move back and forth between two prices, generally used when market movement is going sideways.
Some investors will make several stock moves per day while other may only make one single trade in a given day. At the end of the day, it doesn’t matter how many day trades you have made but how much money you have made. This is truly what is important in the world of day trading online.
Nifty Future Buy 4839-4847 and SL 4828 Go for targets 4956-4976 Tomorrow
Buy Today DIVILAB Future
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YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER.
Keep a trade log of all your trades throughout the session. If, for example, you know that, so far,
your biggest winner on the day is five e-Mini S&P points, then do not allow a losing trade to exceed those five points. If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good.
(Updated on 18-05-2012 Time 08.50 AM)
Yesterday we wrote market would see 4886-4903 level.
It touched 4911 and plunged.
Now there seems no relief for the bulls since market today is likely to extend
its lower levels to 4793-4765-4710.
4900-4911 are hurdles.
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