Why Options Buying? Because it is where our strategy is really TESTED AND PERFECTED. Once our strategy is perfected we can move to options selling for more RELAXED AND PROFITABLE trading. Sound’s like this right?
Inborn Talent Vs Developed Skill This thread defines intraday trend for the first time in the history of stock trading and is a GAME CHANGER. How? So far mostly traders with inborn trading skills were successful. Now we have a professional definition for intraday trend. Now anyone who wish to pursue intraday trading can use this definition and develop trading skills by backtesting this professional strategy.
It seems like you are spending lots of time writing and not trading. I guess you will be selling the book DAY JOBBER'S INTRADAY TRADING
My trading time is 10 to 20 minutes only per trade and two or three trades per day. So yes lot of time to write a book. But a three pages strategy cannot be a book, right?
My personal intraday strategy is state-of-art price actions derived from the philosophy "path of least resistance". Basically my trading style is an art and is inborn. I am a believer of "anyone can develop any skill given sufficient time and effort" So I developed an innovative definition for intraday trend that will serve as a professional intraday strategy even for new traders and day jobbers. Moral of the story? Only through creativity we can contribute significantly to the world. For example I was sharing different perspectives which generated lot of heated arguments. But when I shared this thread, which Is well connected perspectives, it is non conflict, innovative and useful. Academic education teach us to accumulate knowledge. Today job security is threatened by AI because it not only accumulates knowledge but also connects them to make it more meaningful. But AI can connect only the way we programmed it and not beyond. Human brain can connect knowledge in infinite ways. That's why we are creative and AI is not. That's where job security is. That's how people can significantly contribute and grow.
rajesheck, Let said your method is the right way to go for new traders. You clearly stated the enrty points. What are the TP and ST to be used so your method will keep the 2:1 RW? 2-3 trades a day, 10-20 minutes a trade. At on a daily chart?
This is intraday options trading on Index strategy. Set 10% as target with a 5% stop. The bullish/bearish breakout of last intraday session's high/low usually happens one time only in a day. I created this strategy as a fool-proof so that even new traders and day jobbers can use easily. The KEY to this strategy is "taking support JUST above yesterday's high" or "giving resistance JUST below yesterday's low" If you strictly hold on to this KEY then the rest of this strategy must be a cake walk for you. Note: The signals are "bullish crossover of the brief resistance" or "bearish crossover of the brief support'.
your were banded recently for posting multiple nonsensical, useless, empty posts, continue in this matter further and I'll ask Baron thank you again