Few Trading strategies every New Trader should b aware off:
i.e: How to decide “BUY” or “SELL” ,for Next Day "Trade"!!
Here r the Few Steps:
Steps:
1-Open NSE site
2-Choose few liquid stocks !!
(Top Gainers,Top loosers,Top active etc etc.)
Now
Wait for 1st 15-20 minutes:
*Strategy 1* : OPEN LOW/HIGH Strategy :
If open is equal to low
Buy ✅
Keep sl :Below 1-2 points if day low !!
If open is eaual to high
Sell ✅
Keep sl above 1-2 points day high
Target: as per risk reward n ur risk appetite (if u don’t knw about charts/resistance support basically)
——————————————
*Strategy 2:*
Past day strategy
(To do after market hours)
Open previous day data now & check:
IF (CMP- LOW PRICE) > (HIGH PRICE -CMP) then"BUY" otherwise "SELL"
Now On Next Day,(Trade day):
If previous day high is broken n sustaining den buy ✅
SL below 1-2 points previous day high
If previous day low is broken den sell ✅
SL above 1-2 points of dat previous day low
——————————————
Done
All set for Next Day Trade !! ✅
Now,While Trading,Must Add few technical tools & Start only with Paper Trade !!
(whatsoever suits u follow dat only)
Like:
1-SMA EMA CROSSOVERS or BOLLINGER BANDS
2-SUPERTREND
3-RSI
4-STOCHASTICS or WILLIAMS %R
5-MACD
6-VOLUMES ettc. etc for better trade ✌🏻
Will come up with more cool techniques!!
Till then
#Stay_Raw
#Think_Hatke
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