good afternoon sir, i have a problem…no need to msg me immediately…msg me when you have free
im confused in selecting stocks for intraday…what i usually do is select a stock from F&O stocks (as % change in price is more than compared to nifty 50 stocks) at 9:20 am…one from top gainers and one from top losers…i use heikin ashi and 15 min EMA x 30 min EMA crossover to enter into trade… am i going in right way…im only trading on paper…i am able to book profits…but my fear is…“AM I DOING RIGHT???”… i messaged same question to many people but no one is giving confirmation that what im doing is right or wrong…is my method of stock selection is right or wrong…
If you are disciplined and strategy makes money, you are right.
Btw, the issue with a strategy like yours would be that on days when markets don’t move during the day, you will keep getting hit on buy/sell trades. You could end up paying taxes and transaction charges which are high. Make sure to enter your trades on https://zerodha.com/brokerage-calculator to see if it makes money even after charges. (You can simulate a contract note as well).
Hi, i am at initial level. i am not much experience but i tried to attempt;
whatever stock you choose make sure at the end of day you are in profit. follow what nithin said.
Price range, news, volumes of stock is also important.
if you able to make money than why are you so confused ! make sure your EMA crossover strategy works. It may be possible your strategy does not work in every situation like trending market, side way market.
yes sir…ive read all the modules on varsity regarding technical analysis, futures and options…after that only i got confidence that i can succeed in trading…very well explained by karthik sir…thanks for the suggestion…i did not start trading on live platform… fear is pulling be back…
sir is there any facility in any of Zerodha branches where i can go a watch how the trading is going on…to adapt the environment
Thanks Darshandd…yes i consider volumes and price range…EMA crossover is working very well in trending markets…
im not confused rather im fearful of losing money… which i fell i can overcome…
It may be understandable that nobody wants to take the risk of confirming your strategy. However, if you feel confident enough about it, you should start trading with maybe a small quantity of equity shares. If you find the results to be positive, go ahead and increase the trade size. Good luck!
Hi @nithin, sorry for hijacking someone else’s post. But it is somewhat related to your answer above. I have always wondered what happens in that iconic BSE building? Who sits there and what work do they do? ( considering the fact that trading can be done over an internet from anywhere and even brokers have their own offices and dealer rooms in may cities )
BSE building in today’s online world is just like any other commercial building. Brokers get office spaces at discounted prices (compared to being outside), many of them run operations out of there. Even non BSE brokers can today rent space in BSE building. A few floors in the building is for BSE operations, where brokers are not allowed anymore (similar to NSE) since it is an electronic platform now.
which i fell i can overcome…