Day trading is the best way of trading. You dont have any overnight risk. Which is best whatever happens intraday only. So to start Day trading following things required.
1. Proven Strategy.
2. Entry Exit and Stoploss.
3. Risk Management ( Using Trailing stop )
4. Physcology. ( Emotions control )
I have given below some of the proven entry exit points for intraday trading. You can learn this on your own by practicing daily.
Open any chart in 1min and draw the opening range and swing high swing low. Identify the trend. and trade accordingly. My method is as follows.
1. visit www.nseindia.com
2. go to Live Market Section.
3. go to Index.
4. Check which index up by max points and which is down by max points.
5. check Nifty green or red.
6. If nifty is green go for bullish sector.
7. If nifty is red go for bearish sector.
8. At 9.15 market opens we have to wait till market settles down. check below charts for entry and exit.
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