Intraday Trading stock selection is a hard TASK for many Traders. There are many Ways to Select Stocks for INTRADAY TRADING. We will list few of them here which we consider that many successful TRADERs are using. Following are the ways to SELECT STOCKS/SCRIPS for INTRADAY TRADING.
1. FIXED STOCKS EVERY DAY:-
- This is the method which many REGULAR TRADERS are using( I am ONE OF THEM). They SELECT some stocks which have GOOD VOLUME and INTRADAY VOLATILITY THAT ONE CAN HANDLE.
- One can SELECT from 2 to 10 STOCKS and can trade them REGULARY with your TRADING METHOD’s SIGNAL. ( LESS no of STOCKs is good. )
- This method which I feel is useful COZ we are TRACKING SAME STOCKS for everyday. So we are aware about its levels in general.
- Many of the TRADERS Trade ONLY NIFTY FUTURE and/or BANKNIFTY FUTURE everyday.
2. STOCKS IN NEWS:-
- This method is also USED BY MANY ELITE TRADERS. This method is HIGH RISK and HIGH REWARD METHOD.
- For this one have to go and watch the TELEVISION in the MORNING after 8’O Clock on CNBC AWAAZ and ZEE BUSINESS they SHOW STOCKS in news. (TIMING MAY DIFFER) Here they tell about the stocks which are in NEWS for today.
- Here you can select FEW of them which have HIGHER NEWS VOLATILITY expected. For Ex. When the news SUPREME COURT NEWS about COAL SCAM COMES the Stocks which are related to it are definitely expected to give GOOD INTRADAY MOVES.
- ONLY THING is that ONE NEEDs to BE CAUTIOUS and to go with the LATEST INTRADAY TREND with STRICT STOPLOSS. Because there can be sudden moves which MAY REWARD you highly or HARM you HIGHLY.
3. WEAK STOCK WEAK SECTOR/ STRONG STOCK STRONG SECTOR:-
- This is also one of the GOOD PROVEN Method to select the STOCKs for INTRADAY TRADING.
- Here you can go to the SITES LIKE MONEYCONTROL where you can find STRONG/WEAK SECTORS and then find STRONG STOCK from STRONG SECTOR and WEAK STOCK FROM WEAK SECTOR.
- Here one has to FIND OPPORTUNITIES in the Direction of Trend.
We will LIST the other METHODS as and when we COME ACROSS it.
HELP US SPREAD the
WORD FOLLOW US ON:-
For Further Reading,
0 comments:
Post a Comment
Your Comments and Few words helps me in DOING BETTER WORK.
Thanks