Now that you have seen how to start (please see this link if you haven't already seen it ). We now come to step 2.
We use the figures from step 1 to start our very first trade. From the figures we noted down in step 1, we use the following steps in step 2
Swing trade : Buy at Yesterday's high
Intraday : Buy at 1st hour's high
Long term trade : Buy at previous week's high
a) Start with paper trade use the above as a guideline to note down your first trade which would be a buy trade.
b) keep a stoploss at the low of the buy candle.
c) Target one can keep to two times (buyprice- stoploss price)
d) wait for a few days if you have bought for a swing trade, a few hours for intra day, a few weeks for long term trades.
e) Exit the trade once it reaches your stoploss or target.
This blog provides you a very practical approach to trading.
# how to make money in stocks, # stock trading , # trading ,#money
0 Comments