There has been a lot of discussion on day trading strategies here. But I am a student and can’t look at markets throughout the day. So I like trading strategies where I can plan the trade outside of market hours whenever I am free to look at the days data. But I haven’t found much discussion on trading strategies where holding time is longer than a day but shorter than a year. I mentally am unable to handle holding periods of longer than a few months as I am worried about market crashing.
So here are the trading strategies I have been using:
Strategy 1.
Entry: Buy stocks in nifty 500 which hit all time highs
Stoploss : 10% below entry price or when stock closes below 30 day low
Exit criteria: stock closes below 30 day low
Capital per position: 10% of my account size
Strategy 2.
Entry: buy top 5 stocks in nifty500 which have highest price increase in last 1 month
Stoploss : 10% from entry price
Exit criteria: once stock is out of monthly top 10 highest gainers list
Capital per position: 10% of my account size
What are your strategies? Any good books which have systematic strategies on trading outside market hours ?