My
Trading Views
Dear
All, I was doing intraday trading since October 1998.
And it was completely failure.
I tried to use many indicators.
Spend a lot of time for that.
In
between made some money, it’s true.
I came across many major issues and scams in
the stock market during this period.
I
am trading in Indian stock market Nifty 50.
I
found VWAP, Pivot Points and RSI useful when compared to other indicators for
day trading as well as swing trading.
Since
April 2020 I completely stopped day trading.
And
switched to BTST and swing trading.
That made a marked difference in my stock
market journey.
Here
I am going to reveal my secret strategy which was a turning point in my life.
The
following rules I fixed to stick on strictly.
1. Never
ever sell the stock on loss
2. Never
ever buy stocks on the leverage which offered by the stock broking firms.
3. Buy
stocks on delivery basis with full payment only.
4. Buy
frontline stocks only which are fundamentally super strong.
5. I
picked stock which has got highest weightage on Nifty Index.
6. I
found the major part of the index controlled by stocks from the financial
sector.
7. Hence
I picked the leading private sector Banking stock HDFC Bank
8. HDFC
Bank holds about 10% weightage on Nifty.
9. I
checked and found average daily volatility of HDFC Bank scrip is about 3%
10.
Divided my entire investment into five
equal divisions.
11.
I buy the stock daily just 15 minutes
before (3.15pm) the closing bell regardless of the price.
12.
Next day on the opening I place the
selling order by adding Rs.30 on my buy price.
13.
For example today I bought HDFC bank @
INR 1100.45 and tomorrow morning: (Date 7.7.2020) I will place my sell order
@1130. That means I will sell only on Rs.30 profit every time. Some days I
can’t sell off the very next day. No matter I hold till I get Rs.30 profit. But
I continue purchase daily at 3.15 pm.
14.
Before I got blocked my fifth portion of
investment, I could sell off my first portion invested.
15.
Very rarely on one or two occasions I forced
to take a break less than a week time as my fifth portion also got blocked.
Then I patiently waited till I get my stipulated profit.
The
good news is now I am fully confident and I make my money.
I
hope at least I can draw the interest amount of which I lost in the market.
Here
is the disclaimer: This is not the stock advice or recommendation. Sharing my
experience with you for educational purpose only. It may not work on some other
Index or scrip or other persons.
Wish
you all the Best.
