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☑️ NEW How can I develop a trading plan for day trading?

Planning comes later . First you list out what and all are required for day trading.

  1. Stop trading first in cash segment. cash segment data does not fulfill the intraday criteria. Hence STOP cash segment RIGHT now.
  2. open a trading account with such a trader wherein its trading terminal are having various features about OHLC, PIVOT POINTS, OPEN INTEREST IN% BASIS, filters, daily ,weekly, monthly namely…..DO NOT SETTLE FOR A CHEAP BROKERAGE BROKER ATLEST WHILE YOU ARE LEARNING.
  3. Learn which data of stocks are required to identify the STOCK's position. which data distinguishes cash vs futures?????……..OI
  4. How do you identify which stocks are under long build up, short build up, long unwinding and short covering. This is tough but not impossible.
  5. Then learn how to understand the broader market trends? this comes by experience. So get married to the stock market daily without absenting even for one day. One day absent you will miss the continuity of trend studying. Hence learning the stock market is like worshipping the GOD. This point is very very important.
  6. Learn about the technical analysis. This is possible if you follow point 2 of above cited points.
FOLLOWING ALL THESE WILL TAKE A MINIMUM OF 6 MONTHS TO 1 YEAR. ARE YOU HAVING BOTH THE TIME AS WELL AS PATIENCE to do all these?

Check it up. Good Luck.
 

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