Day trading techniques
Day trading techniques
Buy near open price
If possible try to buy shares below open price, or
at open price. Don’t buy shares if price is gone
very high then open price, wait for the price to
come down near open price and then buy that
stock.
Check buying volumes
Before buying check out the buying and selling
quantity (volumes). If buying volume started
increasing then the stock may go up.
Check derivative status
If possible try to check out the derivative of the stock which you
want to buy. If derivative of that particular stock is going up with
increasing buying volumes then you can immediately grab (buy)
that share/stock.
Most of the time it is seen that if the derivative goes up, then its
stock or share also goes up.
Wait for the target price to buy
For example, if buy is given at 150.5 then don’t buy below this
price, only buy at 150.5 price or slightly higher then price.
Because the given buy price may be the resistance price, if it
breaks then share price goes up or else may not go up above
150.5. So plan to buy at given targeted price, don’t buy below
target price.
Strictly maintain Stop Loss
Strictly maintain the given stop losses. This will help you to
prevent from huge loss. Suppose, for moment the share/stock
what you bought falls drastically down, then you may end up
with huge loss. So always maintain given stop loss.
“Stop Loss will reduce your loss”.
Down wait for huge profit in single share/stock
If you are getting some profit and if you notice that is not further
moving up (it’s called consolidation) then you have to sell your
share/stock and come out of that trade.
In this manner, you can earn small profit instead of loss then
you can do another trade and again earn small profit. Likewise
if you keep earning couple of small profits in a single day then
all your small profits will add up to huge profit amount in a
single day.
“Get satisfied in small profit and do multiple trades”.
Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but DayTradingShares.com does not warrant or guarantee their accuracy or date.
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