Checklist for intraday trading in the stock market?
If you are learning the stock market it is a good idea to have a checklist. Checklist prevents you from unusual trade & emotion trade in the stock market.
- Find and Check the correlation between the index and world market
- Select the active trading stock
- Check the correlation between stock and the index
- Check the trend of the stock e.g.
- If the stock low is higher than the previous low it is in an uptrend
- If the stock high is lower than the previous high it is in a downtrend
- Check the stock daily strength e.g. stock lows are higher than previous low
- Select the stock which have a higher return than the index
- In a strong market if stock decline with low volume buy the stock
- Check whether there is a sign of strength or weakness in the market
- Check the market is overbought or oversold
- Drawn the trend line to find out the stop loss and resistance level
- Calculate the pivot point for buying the stock
- Calculate your risk and buy the same quantity
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3 Comments
Thanks for this beneficial information. every trader and investor wants to read these types of blogs. Keep posting about multibagger stocks also.
ReplyDeleteproper precaution should always be necessary for Intraday trading
ReplyDelete1. Always aware of the reputaion of broker
2. check for best intraday trading tips provider who gives you trial to check accuracy
3. you have to pay full payment in cash trading so always think twice before investment.
4. always invest according to your risk capacity
5. choose the brokerage which has good return and risk ratio
Although the market is very volatile, you will find good helping hand in the form of advisory or signal provider as online intraday trading tips to get good profit.
The most important aspect in intraday is to stick to the stop loss religiously else use intraday tips for tomorrow and be in the safe hands.
ReplyDeleteThank you for your valuable comment