Comment on Intraday stock trader par excellence
commented on
04 Dec 2013, 06:02 PM
Sorry for keeping you waiting.
1. You can choose active stocks by checking out top gainers, top losers, top volumes, those near 52 week highs, lows etc
2. Every single point up & down in nifty will have its corresponding impact in all stocks. See you need to create a mind map of the market direction, levels, supports, resistances before & during any position you take / hold. This process cannot be taught as each persons thinking, each persons greed, fear, psychology will be unique.
I repeat, do not multitask. Intraday trading requires your 200% attention & single minded devotion. What working people need to try is to say take off completely 1 or 2 hours between 9:15 to 3:30 ONLY for intraday. The duration can be increased with the growth of your comfort level.