Tuesday, February 2, 2010

5 Express Metro Trains in Day Trading.....

5 express metro trains cross the Station named "YOU" from 0900hrs to 1530hrs

between the only 2 stations on the route - namely Profit city and Loss city.

Not all of these express metro trains are for you (although they all stop in front of you and tempt you to board it).

The surprising fact is that the train board does not mention whether it is going to or coming from Profit city? You have to guess it!

These express trains are:-

1) Opening Gap Express -

The market either opens up or opens down (Opening Gap wrt yesterday's closing). the first chance to make profit is to buy of sell nifty (or stock) depending upon your calculation whether it will fill or fade the gap or not. This journey usually takes about 30 minutes whether or not the gap is faded.

2) Early Morning Express -

After the Gap rally, the first rally takes place which generally lasts for around 90 minutes.
This is based on the position taken by the operators for the day.

3) Noon Rally Express -

After the Early morning first rally, a second rally starts which lasts for around 180 minutes. This is the main battle. This is based on the fight between the bulls and the bears regarding the "right" direction the market should take.

4) Late Rally Express -

After the Noon rally, a third rally starts which can last around 60 minutes. This rally belongs to winner of the previous rally.

5) BTST Express - The last 30 minute rally sets the stage for BTST (Buy Today Sell Tomorrow) positions.

Thus, you get 5 "express opportunity trains" at your station.

The decision to board or skip any or all of them is yours.

Never run after a missed train. Catch the next.

Also, never travel without ticket (understanding of where the train is going - To PROFIT station of LOSS station). Stay calm.

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