Day trading is a very short-term trading. As the period of trade reduces, its risk level increases. If you do not have in depth understanding of the market and accurate trade strategy, one should not enter into day trading. But, It doesn’t mean that we should not do day trading.
For doing day trading in the equity, we must check following things,
- What is the trend of broader Market i.e., Nifty or Sensex?
- What will be the support or resistance levels of broader markets?
- Is there any event like result in any particular stock on trading day?
After understanding first two points we can decide whether to buy or short sell the shares.
Example: If broader market is in down-trend then we should select the stock which is about to fall for short selling. And vice versa.
Means, we should place trade in the direction of broader market to increase the accuracy.
Now, we need to answer following questions,
- How to understand direction and depth of broader market like Nifty or Sensex?
- How to select the bullish stocks for long trade and bearish stocks for short selling?
- Understanding overbought and oversold levels is also very important for day trading.
Course Features
- Lectures 14
- Quiz 0
- Duration 10 weeks
- Skill level All levels
- Students 0
- Certificate No
- Assessments Yes
Curriculum
- 5 Sections
- 14 Lessons
- 10 Weeks
Expand all sectionsCollapse all sections
- Introduction to day trading courseDay trading is a very short-term trading. As the period of trade reduces, its risk level increases.1
- Module 1 : Price factor, Time factor and basic terminologies.In this module we will learn, basic terminologies. Nature of graphs Importance of price factor Importance of time factor.3
- Module 2 : Study of IndicatorsIn this module we will study some indicators with their uses. With all these indicators we will try to analyse price and its movement. As our concept is correlation of time- frames and correlation of indicators, hence selection parameters for indicators is very important.5
- Module 3: Trade strategies for Equity.In this module we will learn, How to understand broader market on daily basis? How to select bullish stocks for buying? How to select bearish or weak stocks for short selling? Which chart should be used to execute trade? When to execute trade? What should be the stop-loss, entry price and take profit value.4
- Module 4: Trade strategy for Commodity1
