Succesful intraday trading.

You are responsible for the way your day trading business operates. It is you that has to take responsibility for the choices that are made in your trading account. By keeping the short list of rules in mind, you can increase the odds that your choices are at the very least made with logic and rational thinking. Breaking these rules are some of the quickest ways to lose money in the markets.

The Golden rule of intraday trade is ride with the trend. Hence the first step to make profit in intraday trade is to identify the stock. Intraday charts are the best way to identify stocks for trading intraday. Also one should make a good home work before entering in intraday trade. Home work means, study the historical charts and find out the upward or downward moving stocks. Then see the previous days intraday chart. Find out the support and resistance levels. The better strategy will be buy at previous days support level and short at previous days resistance levels.

Trades can be based on:
- Identifying and trying to follow a trend
- Looking for technical signals that suggest a coming reversal and try to play a breakout
- Playing market movement off identified support or resistance
- Quick in-and-out trading strategies like scalping, where the trader tries to identify arbitrage opportunities where there is a price imbalance
- Any personal system a trader might use to try to identify trade opportunities
The last one on this list is becoming more common as trading moves into the electronic world. Programs on computers look for specific algorithms and other identifiers that may signal price action that a day trader can use to try to gain an advantage.

The one thing that people need to remember is that this style of trading can also quickly accumulate fees and commissions for each round-turn on a trade. Since you are not approaching the market with a single buy-and-hold approach, you have to factor these extra costs into the 2-3 points you are trying to gain on every trade.

The two things to avoid in stock market and particularly in intraday trade is panic and greedy. When one enters in a trade and goes in opposite direction, don’t be panic. Wait some time, keep strict stop loss. If stop loss triggers, don’t enter again. Wait some time and relax, watch the market trend and enter in some other stocks. Another thing to avoid is greediness.

I have identified for myself in over more than a decade of stock picking and presently i am using the [b]technical analysis tool of dynamics level[/b] while choosing: As per my analysis i suggest my visitors that they can put their money after all its up to their discreetion i would obviously suggest them them buy the stocks after consulting their broker.

AXISBANK 870.10 BUY 855.40

ICICIBANK 744.85 BUY 740.70

IDFC 137.60 BUY 135.20

KSOILS 56.20 BUY 54.35

ORIENTBANK 168.10 SELL 171.25

RELINFRA 1188.15 BUY 1163.10

Use this strategy at your own risk.
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