0Let me explain you this in a simple manner, Every trader in this world is different with each other, their way of analysing the market, their trading styles and formats are different, they think in a different way, they react differently in different market situations. Some are swing traders, some are scalpers, etc.
Personally, I adopt a different way of trading in the different market scenario but the one I love the most is a straight way swing trade or day trade.
My simple methods of making an intraday trade are I catch the stops gaining momentum or losing momentum, You can get this through your broker’s terminal or other scanners too, In simple check the highest gainers and losers.
I am giving you an example from my today’s trade.
If you will observe the above chart you will get to know I have not used any rocket science and just normal basic technical analysis chapter 1 Support & Resistance
Initiated short at 1484 and done my first target of 1474 smartly holding other lots as well for 1464 target and by the time I am writing this it already made a low of 1464.15 so far and am pretty sure that my target will come if not then I have a trailing stop loss as well at 1572 now so in case it reverse also am sitting over sound profit only.
DONE 1462.50 too :)
So my favourite strategy is I will wait for confirmation and will trigger my trades with confidence and sit back with stop loss also in confidence.
When I do scalping I initiate 25–30 trades in a day and then I use different technical indicators, So the strategy is all based on the style you are going to get into any trade.
Hope you loved this for any doubt comment here I will try to explain again.
