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
Leave a Reply