Day 5 Intraday trading

todayA good day for me.  Since yesterday i got white washed with Sintex futures, today i made a conscious decision to stick with basics and develop some trading technique which i can rely upon. So i took the NSE gainers technique and mixed it with Supertrend combo rule.

First i observed Nifty, it was up with +26 points. Hence i went for Nifty 50 gainers.

I took DRREDDY, HINDALCO and TATASTEEL and all of these are in green. As soon as i took them they went into losses. So i wondered why this is happening. So i looked at NSE website and found that nifty is going down. Hence these stocks are also imitating its trend.

So I immediately squared off with some losses. I exited DRREDDY at 2568, which i bought it at 2574. A 600 Rs loss even though all the supertrend indicators are pointing green in 5 min chart. And the unthinkable happens. DRREDDY zooomed to 2666 today which means i could have gained (2666-2574)*100 = 9200. But i booked a loss of 600 because of developing cold feet. Hence the lesson to learn here is dont expect immediate profits. It might go against your expectations for sometime, but always stick to your strategy.

Another one HINDALCO. It was also going down, hence again i tried to squareoff with small loss. Finally i could square off with a loss of Rs 150. After squaring off, it went up another 5 Rs but ultimately went below my sell level. Lesson to learn is never ditch your strategy.

Next is TATASTEEL, booked a loss of  Rs 134, but the good thing is it went down another 10 Rs below my sell level.

What i observed here is that before taking positions, just observe its RSI value. If it didnt touch either over bought or over sold levels, then you can take positions in that stock.

Next i went for Nifty losers. I selected TCS and GAIL.

I booked a small profit of 65 in GAIL as the stock was no where going.

Next TCS was going super strong. It was red all the way, but i already booked Rs 700 loss, so first i wanted to be in green zone today. So i booked TCS with a profit of 2000 + and over all my profits became 1000+. Again i watched TCS after 30 min, it still is trending strongly in downward direction. So i again shorted it and booked some profits. Totally i booked a profit of Rs 3690. I want to mention here that TCS was red the whole day but i exited multiple times, because of being conservative. Had i remained for the entire session, i could have gained (2571.9-2520)*100 = Rs 5100. But i had to live with Rs 3690.

Overall, a good start i have to say. I will stick with the same strategy tomorrow and probably for quite some time and get some experience. Also i will try to stick to my strategy tomorrow and see the result. Also i wil trade  Nifty next 50 and F&O securities so as to diversify the risk.

Day 5: Rs 2778.25

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Day 4 Intraday trading

todayToday is another bad day for me. Since i got 1500 loss yesterday, i was determined to make big profit today to square off yesterday’s losses. And the result : a loss of Rs 2161.

Today i did only 1 trade, Sintex jun fut.

Yesterday i calculated very thoroughly about sintex and what i found is that if you buy sintex futures and sell it with just 0.05 gain, you will get a net profit of Rs 280. If the gain is 0.1, then profit is about Rs 600. Hence, today i was determined to make profits. So carefully followed sintex for couple of minutes and then entered at 25.55. It went to 25.6 and from then onwards, it went down and down. Seeing this i developed cold feet and put a stop loss of 25.3. But then fate had different plans. Price nose dived to 25.15 in fraction of seconds, so my stop loss was triggered at 25.25 instead of 25.3 and so i had to lose Rs 2161. But after that it again retraced back to 25.55 after couple of hours. So i guess i need to place orders in MIS instead of BO.

One interesting thing that i observed today is that i selected GAIL from nse top gainers list at 9.20 + and then i placed order at 402.6 but it never reached that level. It went from 402.9 to a high of 408.7. So i missed a profit of Rs 6. Here the combo view had clear green in 5min chart and 1 min chart.

So from tomorrow on wards i am going to concentrate on using nse website and turn into green and then use that experience to hit on Futures. I will use the triple combo view to enter and exit. I will also do some positional trading using the trending stocks.

Day 4 : Rs -2161.25

Day 2 – Swing Trading

Bullish Engulfing
Stock Date formed Price CMP
Greaves cotton 01-06-17 153.3 159.05
Polyplex 01-06-17 441.05 452.9
Ziocom 01-06-17 28.4 31.35
Mayuruniq 01-06-17 364.35 366.45
Peninland 02-06-17 20.4 21.3
GTL 02-06-17 14.2 14.15
Tainwalachm 02-06-17 72.25 74.6
Refex 02-06-17 15.85 16.6
Beardsell 02-06-17 60.4 57.95
Bullish MaruBozu
Stock Date formed Price CMP
Jensonicol 01-06-17 8.65 9.43
Ziocom 01-06-17 28.4 33.25
Tainwalachm 02-06-17 72.25 74.6
Refex 02-06-17 15.85 16.6
Beardsell 02-06-17 60.4 57.95

Freshly tracking the following:

Engulfing:

Onwardtec 05-06-17 81.95
ktil 05-06-17 183.95
hcg 05-06-17 254.65

MaruBozu:

Skil 05-06-17 36.2

 

Intraday Trading Strategy – 2

Today i am going to share another intraday trading strategy.

This is called Supertrend combo. In this we setup our system with 3 supertrends.

  1. Supertrend 7-3
  2. Supertrend 10-3
  3. Supertrend 11-2
  4. Awesome oscillator
  5. MACDcombo

You go long only when all the 3 indicators turn green in a 5 min chart. Also keep checking 15 min chart and 30 min chart periodically to reevaluate your positions.

For risk averse trader:

If awesome oscillator turns red, then be cautious and look out for MACD line. If it is also turning red and then exit even though supertrend indicators are all green. you may enter the same stock after sometime when supertrend is all green and awesome oscillator is back to green along with MACD

For risk taker:

Stay in positions as long as all of the supertrend indicators are green. If atleast one of them turns red then exit immediately.

I will post more updates on this strategy tomorrow when i follow this thoroughly without deviating.

Day -2

Hi People

I started off today using Open-High-Low strategy. Stocks in my radar were Bhartiairtl, HCL, Hindunilvr and Wipro.

I started off with Bharti Airtel – had to book a loss of 60 rs because i felt stock is going down.

Next comes HCL – booked a profit of just 85 Rs as there was no good movement in the stock.

Next comes Wipro – booked a profit of 100 Rs

Next i saw that Escorts is having a good run, so went long on Escorts and booked 285 Rs

Here i have to share something interesting observation. I used the combination of Supertrend 7-3, 10-3, 11-2 and all gave buy signals. I added awesome oscillator for confirmation. Although supertrend is in green , i exited because of developing cold feet. Had i stayed in the market, i would have gained close to ( 745-717) * 100 = 2800. Instead i gained 285 Rs. So the lesson to learn is follow with a strategy and adhere to it with a strict stop-loss.

Also another interesting point is that if i use pivot trading to enter and exit, it will also fetch me a good profits. So tomorrow i will experiment 2 things. One is to select a stock and trade it using levels given by pivot trading and the other is to follow supertrend strategy.

Yesbank – saw that it is rocking in hourly gainers page, hence entered and booked profits of 415 Rs. had i stayed in the market following the supertrend combo, i could have gained (1523.5-1506.9) * 100 = 1660. Instead i booked for 415. So the lesson to learn is always follow your strategy.pl

Day 2 : Rs 895.5

Intraday Trading Strategy – 1

Today I am gonna share one strategy for Intraday trading.

First observe whether market is going up or down. You have to trade in the direction of market i.e, if market is negative, you have to short and ignore all the buying signals. If market is positive, you have to go long and ignore all the shorting signals. Now i will tell you the exact strategy that you can follow.

Strategy:

  1. Long – Supertrend green ( 5 min chart) + RSI above 50 ( 1hr chart)
  2. Short – Supertrend red  ( 5 min chart) + RSI below 50 ( 1hr chart)

Exit the trade when the chart is going against your direction. Best thing to exit is when supertrend indicator turns opposite to what your signal is.