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Friday, 30 August 2013

How to make best use of this site

1. Trading Lessons

I have published the first two lessons on intraday trading

1. Opening Range Breakout Trading System which is one of the fundamental and most successful trading system day traders should be aware of.
2. Intraday Trading System based on Simplified Technical Analysis.

Following these trading systems religiously will improve success rates dramatically. 
Please refer to the Day Trading Course link on home page.

Other Trading Lessons are at the moment through live examples. Please click on the category Trading Lessons and you will get plenty of practical tips.  

I will soon be publishing a full course covering simplified technical analysis and my trading strategies.

2. Pre-Market Analysis

A good and thorough preparation is required before the start of trading day in order to succeed in the market. At least 15-30 minutes of preparation per stock is required to day trade it the next day.  Tracking needs to be done on daily charts, weekly charts, support- resistance levels, stock specific news, sector news, any events in the near future that could impact the sector/stock.

In general, analysis of domestic and global markets – Asia, Europe and US and potential impact on next day needs to be carried out. Ideally, if the analysis is done after US market close, it will yield better results.
I do the above analysis for all the stocks that I cover in pre-market calls. You can trade based on the pre-market calls in combination with charts. But not blindly based on levels.
Always trade on 2 lots (in futures) and book 1 lot when you see profit.

3. Day’s trades

I trade on most of the recommendations given in my pre-market calls. At the end of the day, I publish my trades with the charts. Learn these trades thoroughly to understand my entry and exit points and trading style. I do not use complex technical indicators or trading software, just few indicators and support-resistance levels. Those who track my trades regularly know that my trades have very high levels of accuracy and no. of trades are limited to 3-4 a day. My objective is to take money out of the table every day even if it is small.

4. Trading Videos

Videos of selected trade to give the readers a real feel of the live market and the decision making process. In the videos, I cover important concepts of partial profit booking, revising SLs, identifying trends and using technical indicators. Whenever time permits, I will upload real trade videos. 

5. Real time alerts

Very limited though many of my readers are requesting me to provide real time trading ideas. My objective is not to provide stock tips, but to help readers trade on their own based on guidance from my pre-market calls and real time charts. But wherever possible, I try to reply to questions from traders on a real time basis. You may post your question as comment on my daily posts and I will reply as soon as I can. 

5. Answer to your queries

I try to answer your queries for intraday, short term, long term positions based on my time availability.You may post your question as comment on my daily posts and I will reply as soon as I can. 

Please let me know if you have any suggestions to improve the content. My objective is to share my knowledge and experience to help everyone to come out winning in their trades. Please drop a comment if you have any questions, I will respond. 



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