How many Trades to Take on a Day?


Thread on 

How many Trades to Take on a Day?

Make provision for Five Trades on a Day

That will reduce the Position Size to a comfortable Level of losing less and have enough chances on a day

1/n

Take your first Trade based on Gap Up within 5mins on Open.

If your First Trade isn’t doing well by 9.45  take the second 

If first two do well keep it Open and trail

2/n

Trade one by one

Do not trade 2-3 trades within 10 mins 

Space them 

It is likely time may not be good for you and all your trades will go wrong

3/n

If your first Trade hasn’t done well, take the second trade by 9.45am

If both your trades go wrong, close trading till 1.15pm

Post 1.15 pm focus on the balance three hands 

Take one at 2.15pm triggers in stock

Take another if at 2.30pm 

4/n

Ensure you have one hand to trade always between 3.00 – 3.03 pm that may last till 3.15pm or worth keeping Overnight 

Try and pack up and close trades which haven’t done well during the day instead of keeping in hope Overnight 

5/n

Overnight Trades to be best than intraday and are kept in a different trading account with a Capital Allocation not more than 20% to ensure you are not wiped out

Overnight Trades are a must as they are the most profitable in percentage terms giving sizeable gains 

6/n

Don’t make a habit to carry trade overnight if Indecisive and in Hope

Close and sleep well with few prospering trades overnight than Living on Hope

7/n

Calculate your returns over Margin Paid or Adjusted in the trade by the broker account not in  absolute gains

Your Return is on margin deployed.

8/n

Ensure you have always one trade in your kitty for some moment when you should be trading and not cursing that you have deployed all your capital and have no capital to trade

9/n

Enjoy Trading 

Keep Busy during trading doing multiple works than get sucked in Trading Only

Hope it was helpful

10/10

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