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Do’s And Dont’s For Intraday Traders

This article was posted on Jun 11, 2008

If index is in minus then one should look to short stocks which are minus and not stocks which are in plus.

It is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also, simultaneously if a stock is strong today might not be strong tomorrow

Being a contrarians is very important while trading intraday.

If index is in positive from yesterday and the share you are holding is in minus then it should be cut and if intraday trend of index is in buy then one should buy a stock in which is in plus.

If US Markets have gone up overnight, the markets here in all probability will open strong, so one should be quite careful when buying stocks as the general psychology of public is to buy when good news is there.

Stop loss is a must while trading intraday.

Always trade in very liquid stocks i.e. which have very high volume because as entry and exit can be very fast in such stocks.

Keep your volume constant e.g.: if you trade in five lots of nifty future then trade in five lots only. This position can be increased only when you are satisfied with your trading for a month. It should not be that one day you buy five lots and next day you trade in ten lots and third day you get a loss and stop trading for two days.

Do paper trading before you actually start trading so that when you start making paper profits, then shift to actual trading.

Fear and Greed are at maximum levels while trading intraday so always have less position when you are new to intraday trading as otherwise you will be mostly under tension.

21 Responses

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Comment pages: 12Show all

  1. VIKRANT Says:
    November 26th, 2010
    Posted at: 1:34 pm

    Namaskar CB ji,

    i have bought resurge mines when it was 3.40 then at 2.40 and today at 1.40 what is the future opf the company i can wait for two years , what is your opinion about zicom is it a good stock for investment purpose fir two years i am tracking this stock since march 10 it is gooing downwards only


    regards vikrant


  2. Lt Col Tejinder Singh Says:
    December 26th, 2010
    Posted at: 11:08 pm

    makes a lot of sense

    lt col tejinder singh


  3. Amul Says:
    December 28th, 2010
    Posted at: 4:31 pm

    I liked Do's and Dont's for Intraday Traders but I didn't understand this Term

    ""If index is in minus then one should look to short stocks which are minus and not stocks which are in plus.""

    Can Stocks in minus not risky to buy when Sensex or Nifty is in Minus.
    Reply

    Regards
    Amul V V Wayangankar


  4. B.S.Chauhan Says:
    February 24th, 2011
    Posted at: 6:02 pm

    Sir,i have bought 100shares of SBT at 817 it makes high of 840 suddenly it falls down in few minutes current it closes at 719, why it happened and what is next step for this stock,i am holding it, suggest me cb sir...THANKS.


  5. madhusudan kumar Says:
    February 8th, 2012
    Posted at: 1:42 pm

    hi,,,,,,
    it wright way for intraday trading>>>>>>>>>>>>>>>


  6. gaurav Says:
    July 3rd, 2012
    Posted at: 11:38 pm

    i have 100 shares of "provogue" company @ 18.05 ... please tell when should i sell those please ...


  7. Forex Methods Says:
    September 1st, 2012
    Posted at: 12:40 pm

    Someone essentially help to make severely articles I'd state. This is the first time I frequented your website page and thus far? I amazed with the research you made to create this particular publish extraordinary. Wonderful task!


  8. shakeel Says:
    June 2nd, 2013
    Posted at: 6:02 pm

    My trading plan is very simple. I choose a liquid stock.For the 1st 15 min, I select high,low and middle price.If the stock is below the 200 min average, then I sell the stock near the middle price,target either the low price or below 01% 0f middle price.


  9. shakeel Says:
    June 2nd, 2013
    Posted at: 9:37 pm

    Hellow sir Amul, if index and stocks are +ve.Then stocks move in tune with mkt/index.But a-ve stocks may or may not move in tandem with mkt.The greater is the chance of conflicts.a+ve stocks near quarter of a day becomes more +ve in the remaining of the same day and viceversa.Golden rule, buy strong stocks and sell weak stocks with affordable sl.


  10. rajashekat Says:
    November 21st, 2014
    Posted at: 8:57 pm

    Hi Cb your view on Icici bank and Hdfc bank


  11. rajashekat Says:
    November 21st, 2014
    Posted at: 8:58 pm

    Hi Cb let me know the target for Icici bank and Hdfc bank


  12. gnrao Says:
    January 9th, 2015
    Posted at: 6:56 am

    Excellent advice.
    Trading is not for the beginners.
    if still want to learn do not stake more than what you can afford to learn the trick
    learn from the Experts and follow their advice
    No broker these days have time to give proper advice for they are busy with their day to day income and cash in tills.
    it is very rare these days those who wish good and prosperity for others.they ask the question what Hon Modi said"What is in it For ME?????


  13. Gauti Says:
    May 23rd, 2015
    Posted at: 12:01 am

    Thanx....
    Will help me alot...


  14. Govindraj SN Says:
    October 22nd, 2015
    Posted at: 12:39 pm

    Simple and Beautiful !
    Thank you for the information.


  15. vinit Says:
    February 2nd, 2017
    Posted at: 10:05 am

    Hi CB
    Do you have any training course?


  16. CB Says:
    February 2nd, 2017
    Posted at: 10:06 am

    Hi vinit, no, not yet.

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