Monday, January 24, 2011

trading @ market opening

nse opens for retail traders at 9.15am

there is almost always a small stampede in one direction after opening.

this mad rush remains for 15 odd minutes (rarely for 30minutes).

market almost inevitably

retreats after this

full or partial.

if someone takes reverse position at this first turn

he is likely to get

a quick profitable ride

possibly all the way back to the opening tick.

if it doesn't go back all the way

then profit can be booked midway.

if it turns back after retreating somewhat

entry point should be used as stop loss.

if it crosses stop loss

reverse position can be taken

albeit very cautiously and with strict stop loss.

--

caution: since this is like a 100meter sprint

attempt this with high speed online demat connection only

with 110% attention

and after practice for a few days

with small lot.

1 comment:

INDITRADER said...

Thx sir. These are called GAP trades. I oftenly used to do it with market profile,value areas. 7 out of 10 times these are profitble trdes.