Dont sell any stock trading above S1 :
simple rule.. it's easy to kill the dead fellow, why fight with big fellows..
1st Step :..
Expiry date onwards, open-high candidates..(Program in Amibroker)// Monthly open-High
2nd Step :
Open-High Weekly candiates ( Screen in Youtrader )
3rd step :
Daily open-HIgh candidates.. ( Screen in Youtrader )
4th step:
Always enter on the reentry instead of plain breakout...
5th step:
Open < Pivot ; high > r1 ; LTP < pivot - good candidates for short..
We can screen the same intraday, but the best is to check the same on weekly candle and weekly levels.. Also monthly is also best..
Can be checked for pivot and s1 also; once it should have gone from s1 to pivot and trading below s1 now..
6th step: All Preopen- bullish candidates, sell from top on 2nd break.. Watchout for %change (Highest +ve ) and also watchout stock with high value but again +ve ..
7th step: Watchout result counter stocks... Sell from top on 2nd break..
8th step: watchout corporate news, sell stocks which are in news from top on 2nd break.. If news comes in between sell below last few minutes candle low..
9th step:. Best short sales are the biggest winners in the prior day stocks, enter on breaking 50ema on 1minute basis..
10th step: "If You Can't Read It, Short It." In it she explains something called iceberg phenomena: "If you find five or six serious questions in financial statements, you can be sure that there are many more you cannot see." - Look for candidates breaking more indicators.. short at that point..
11th Step : Continuous rising stocks, but trading below r1 today.. How to screen them??
12th step: Elder ideas:1. The trader must have a trading plan, even discretionary traders.
2. The trader must keep good records to understand his mistakes and successes.
3. A trader should not trade so big that it causes excessive stress and bad judgment.
4. A good rule is to cut every loss to a maximum of 2% or less to limit the risk of ruin.
5. Trading with discipline will put you ahead of the majority of traders.
6. Your trading must fit your own personality and risk tolerance.
7. If you use fundamental ideas for a trade cross check it with the technicals of the chart.
8. Stock option buyers are net losers in the market.
9. Traders can not give up on a stock because they are stopped out, successful traders keep trading the stock until they catch the winning trades.
10. False breakouts and rallies off support are two of the best trading opportunities.
13th step: only 2 things makes money in stock market; One is Risk and other is INNOVATION. The best way to make money is to take breaks and study without position..
14th; Always scalp on shorting candidates, only if nifty is below s1, go for positional short..
simple rule.. it's easy to kill the dead fellow, why fight with big fellows..
1st Step :..
Expiry date onwards, open-high candidates..(Program in Amibroker)// Monthly open-High
2nd Step :
Open-High Weekly candiates ( Screen in Youtrader )
3rd step :
Daily open-HIgh candidates.. ( Screen in Youtrader )
4th step:
Always enter on the reentry instead of plain breakout...
5th step:
Open < Pivot ; high > r1 ; LTP < pivot - good candidates for short..
We can screen the same intraday, but the best is to check the same on weekly candle and weekly levels.. Also monthly is also best..
Can be checked for pivot and s1 also; once it should have gone from s1 to pivot and trading below s1 now..
6th step: All Preopen- bullish candidates, sell from top on 2nd break.. Watchout for %change (Highest +ve ) and also watchout stock with high value but again +ve ..
7th step: Watchout result counter stocks... Sell from top on 2nd break..
8th step: watchout corporate news, sell stocks which are in news from top on 2nd break.. If news comes in between sell below last few minutes candle low..
9th step:. Best short sales are the biggest winners in the prior day stocks, enter on breaking 50ema on 1minute basis..
10th step: "If You Can't Read It, Short It." In it she explains something called iceberg phenomena: "If you find five or six serious questions in financial statements, you can be sure that there are many more you cannot see." - Look for candidates breaking more indicators.. short at that point..
11th Step : Continuous rising stocks, but trading below r1 today.. How to screen them??
12th step: Elder ideas:1. The trader must have a trading plan, even discretionary traders.
2. The trader must keep good records to understand his mistakes and successes.
3. A trader should not trade so big that it causes excessive stress and bad judgment.
4. A good rule is to cut every loss to a maximum of 2% or less to limit the risk of ruin.
5. Trading with discipline will put you ahead of the majority of traders.
6. Your trading must fit your own personality and risk tolerance.
7. If you use fundamental ideas for a trade cross check it with the technicals of the chart.
8. Stock option buyers are net losers in the market.
9. Traders can not give up on a stock because they are stopped out, successful traders keep trading the stock until they catch the winning trades.
10. False breakouts and rallies off support are two of the best trading opportunities.
13th step: only 2 things makes money in stock market; One is Risk and other is INNOVATION. The best way to make money is to take breaks and study without position..
14th; Always scalp on shorting candidates, only if nifty is below s1, go for positional short..
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