Dear Day Jobbers I am introducing a unique intraday strategy taylor made for day jobbers like you. Salient features of this strategy: 1. An investment of 100$ in Options trading 2. An investment of 10 minutes a day 3. Profit target of 10% per trade with S/L of 5% 10 minutes break every day Set two alerts on your mobile trading app for bullish/bearish crossover of previous intraday session's high/low. On alert message take a ten minutes break from your day job and enter trade on signal. Even if we consider this strategy has 50% success rate it has the potential of 50% profit on investment every month. Innovative Definition of Intraday Trend We have broad/generic definition for trend in stock market. Yet Intraday is unique and needs unique definition of trend. Intraday has boundaries: 1. Market Open 2. Market Close These boundaries becomes the basis for an unique definition of trend for intraday. Probably such a definition can be as good as a professional intraday strategy. Sideways market is opposite of trend. First step in defining intraday trend is to define intraday sideways market. Definition of intraday sideways market: "Last intraday session's price range (between high/low) is today's sideways market." Visualisation This can be easily visualised by setting one day timeframe in candle chart. For example, if the last candle encapsulates today's candle it means today is fully in sideways market. If the last candle encapsulates the today's candle partially it means today's price breakout from sideways market. Now that we have a definition for intraday sideways market we can define intraday trend systematically. 1. Sideways market breakout is an attempt by market to form a trend. 2. Bullish breakout of previous intraday session's high is an attempt by market to form bullish trend. 3. Bearish breakout of previous intraday session's low is an attempt by market to form bearish trend. (Gap-ups and gap-downs between two intraday sessions are sideways market breakouts.) Now that we have defined the basics of intraday trend we shall proceed to create "Innovative Definition for Intraday Trend". Definition of Intraday Bullish Trend: 1. Formation of a brief resistance (after bullish breakout of previous intraday session's high) 2. Taking support JUST above previous intraday session's high 3. Bullish breakout of the brief resistance (Bullish signal) Definition of Intraday Bearish Trend: 1. Formation of a brief support (after bearish breakout of previous intraday session's low) 2. Giving resistance JUST below previous intraday session's low 3. Bearish breakout of the brief support (Bearish signal) How does this definition work as a strategy? Three major aspects contribute in enhancing this definition into a innovative strategy: 1. Traders Collaboration 2. Optimal Predictability 3. Optimal Profitability Traders Collaboration It is basically a powerful collaborative advantage to enter trade as per professional definition of intraday trend. The collaboration is between the swing traders and the intraday traders. There are two types swing traders: 1. Market analysis based 2. Technical analysis based Market analysis based swing traders enter trade at price dips. Whereas technical analysis based swing traders enter trade at bullish/bearish breakout of previous intraday session's high/low, because they see "Last intraday session's price range (between high/low) as today's sideways market " Entering trade based on professional definition of intraday trend is Top-up above the swing trading entries which becomes perfect collaboration. Optimal Predictability Primary index behaves more reliably and has optimal predictability because it is diversified derivative. Optimal Profitability Options buying is low investment and high in returns, due to its generous volatility, is optimal profitability.
Hybrid Strategy This strategy takes advantage of both the world's: 1. Intraday"s price action strategy 2. Collaborating with Swing trading On top of that adding the power of options buying on index. And making it suitable for day Jobber's. Because trading gets better when more people become traders.
Practice Makes It Perfect There is no alternative for homework. Backtest this strategy manually off the job hours. It sharpens your trading skills.
This is Early Trend Trading Strategy Because the real trend BEGINS only after sideways market breakout.
What can you do with $100? Trade Indian options (or CFDs?), and why post it here? OP never said what options, and frankly, this is jibberish. CFDs are no better than playing poker tournaments. (I came in 5th the other day
Optimal Predictability Primary index behaves more reliably and has optimal predictability because it is diversified derivative. This is intraday strategy for options trading on Index using price action and previous intraday session''s high/low as point of collaboration between intraday traders and swing traders. 100$ is enough to buy one lot of options on index, right?
He trades "only options on index", as he has said in countless threads he has posted, typing voluminously, saying nothing. He's most likely meaning the Nifty 50.
What is trading skills? It is the ability to time the trade with a complex support because mistimed trades ends up in stoploss hits and only a complex support can withstand the complex nature of chart. Price actions are basically complex supports. Bullish/bearish breakout of previous intraday session''s high/low is the greatest timing in intraday.