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Intraday Trading - My way of doing it

Profile Photo Chandrashekar Senthil Kumar
16/04/2020 0 View Comments0

Who I am Right now is " I am a Greedy person, compulsive trader, proving person,  manipulator, Independent, non acceptor, not touch with reality, ready to book losses saying it is normal to book losses-  losses happens, too good looking to myself.  Inauthentic, out Integrity person, life/trading is like this I am incapable to change anything, emotional Trader.

Occurrence

  • Disciplined, Extra ordinary Technical Trader
  • Asset multiplier
  • Stubborn Profit maker
  • I am profit Booker 08 out of 10 Trades

Mastery in Trade

  1. I am Identifying scrips based on formulas.
  2. Formulas are M1, M2, Magic Breakout and D2 only.
  3. I successfully enter into trade every time with patients, where I need to enter that too on time.
  4. Before Entry I check the Exit point and calculate whether It is ok for me to take the profit, non profit Ratio. If it is ok then only I am trading.
  5. I reverse once only.
  6. As and when I am present that I have entered "out of formula" In case of out of formula Entry,  In spite of the situation/Reason why I entered into such trade.  
  • I should Book the profit whatever Available.
  • I should come out Instantly.
  1. When Trade going against the profit Direction.
  • Re check the chart/Formula? Entry point. Whether there is any formula target has been achieved.
  • Check for SL/Reversal order.
  1. I have to stick to the monthly lot size for the whole month.
  2. When a profit turns loss and it is coming back to profit then just book the profit and do not wait for your original target.
  3. Minimise the physical presence in front of the PC after 11 o'clock.
  4. As your First target hits make a trial profit order and shut that script out of your screen.
  5. Take care of profit protection order.  Profit will take care of me. Choose increased profit, Profit will automatically choose you.
  6. See what market is offering. Certainly the market will give you whatever you want.
  7. Get the confirm signal. wait for 15 minutes then Enter.
  8. In case profit protection order gets hit Be vigilant and Increase the profit that Day itself.
  9. Enter in a perfect formula only.
  10. Authentically See yourself why do you want to trade that moment., is because you are free or there is a push/urge to do trade or Really there is a Trading opportunity you identified or to increase the profit (Greedy).
  11. When Entering in case of Buy the present day high should be Broken, In case of sell the present day low should be Broken.
  12. Trade the Nifty when it opens Between 28 to 32 points difference or M1 & M2 , Strong magic Breakout, D2 conditions.
  13. In case there are long spikes at the start of the market or at the middle do not trade.
  14. In case If I am hesitant to give a call to anyone then do not trade on such calls.
  15. In case I have made 10% profit do not trade on the next day.
  16. In case on a trading or when I haven't traded on a any day there may be some good moments has happened which I might have missed, In that case I should stop trading further on that day or  on next day (it is quit natural to compensate that i might over trade, everything seems profitable trades.
  17. If I have fought or Disagreement with my wife or myself until I get complete with my wife or myself. Then switch on the pc, only after clear completion.
  18. Before Entering the trade confirm the Exit points.
  19. If I could not entered for any reason

              (i)       Do not trade in the same script (there is always a hangover syndrome)

  • See myself searching other things to compensate the possible profit or loss. In that case do stop the pc.
  • Get complete about it "fully".
  1. Stick to the formula for profit protection order when you are not sure of anything.
  2. In case of huge loss then what is expected acceptable to you. Please do not trade for two days.
  3. Trade after doing Direct access every day.
  4. Check the DIR before entering the trade.
  5. Stick to both profit and profit protection only.
  6. After entering the trade when I feel something is not in favour of the trade plan.  I exit at that moment itself.  After clear trend emerge then I enter into the trade.
  7. Check the inputs myself is there is any opportunity/possibility to enter the trade.  And check whether there is any target achieved  through other formulas.
  8. I am seeing the market through four formulas M1,M2,Magic breakout & D2.
  9. Speak to myself as a third reason about the scripts and broader market and give comparison study that will enlightens about the trend.
  10. I go in depth on all the formulas improvise on the formulas.
  11. I check the scripts on different time intervals before the entry.
  12. Analyse on all the trades at the end of the trade with Arthi.
  13. I let the profit runs/increase and I accumulate then.
  14. When the trade is profit running consider  it has shown Rs.10,000 then my profit protection order is at Rs.5000 points.
  15. On completion of each profit booking pamper myself with anything music, fruits, snacks.,etc.
  16. Switch on the monitor after 15 minutes on successfully hiking the target/booking profit.
  17. Check why I want the profit to run whether ;
  • To cover the loss on
  • Greedy
  • Really there is possibility present.

                                                                                               

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