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Showing posts with the label Intraday

Importance of Patience, fear and Greed in Intraday trade.

Today with the starting bell at 9.15 I jumped into the Intraday. I made some quick bucks in the Adani power. But Greed overtook and I wanted to make few more bucks and bought shares again.  This time it was turning point, in fraction of a second the shares went down by Rs.2 there was no time to make decision.  Sort of fear freeze the mind. I didn't wanted to loose more. I immediately sold my intraday shares and my profit  turned into loss.  After 2 hours the shares came back to the normal where it played between 9.15 am  to 11 am in the morning.  I was not satisfied the profit I made in the first 30 minutes. If I had stopped trading after profit I wouldn't have turned my profit into loss. In the volatile market circumstances patience and discipline plays key role in making the profit. Be patient and cautious with the buyer and seller values. Look for the 3 minutes and 1 minute chart.  Do not panic when market goes against your buy or sell decision in t

5 paisa profit in intraday and the power of compounding

5 PAISA PROFIT IN INTRADAY AND THE POWER OF COMPOUNDING I started day trading on 03/01/2017 exactly 3 months after my daughter was born. I don't know what happened to me, maybe it's greed to make money. As I don't have any source of money apart from salary. I wanted to make money. Make and earn money in a rightful manner. I started day trading with initial stock purchase of NHPC stock. 1st time I bought 8 stocks. It was the amount of loss that I was able to tolerate as on that date.  That day I totally made 3 intraday trades. All with the profit target of 1% return or 5 paise increase in the stock price. What did I learn from the first day? When you keep modifying the orders, you became the fresher in the queue and waiting time is more in this regard. Minimizing the modifications when there are a large number of sellers in one particular selling price queue and no buyer for that queue. The second day I increased the stocks to 20 with the same concept of 5 paise inc