My Trading Plan
A question is asked by many persons about how I trade in stock market.
Here I give some brief notes for My Trading Plan.
(1) Trade Nifty for 4-6 lots positionally strictly on the basis of MySAR and its rules.
(2) Keep Booking profit after considering daily and weekly pivots and High/Low EMAs
(3) Trade Mininifty for 8 lots for intraday on the basis of Breakout system.
(4) Keep separate accounts for both the trades so that they do not mix up with one another and do not create any confusion. This is so because sometimes you may have different modes in both the trading systems. (You may be in positionally long trade as per MySAR, but for intraday you may have to go for short trade for MiniNifty and vice versa.)
(5) Trade Bank Nifty 2 - 4 lots positionally strictly on the basis of MySAR and its rules.
(6) Trade any one or two scrips positionally on the basis of MySAR and its rules.
Some funds should be kept idle and MiniNifty is to be traded strictly trading only so that M2M financial requirement can be easily met.
Partial booking of profit step by step is essential because it raises the confidence in trading and gives us an opportunity to re-enter the trade.
No. of lots to be traded can be changed as per the current market conditions.
This trading plan is suggested only for those who can devote full time in front of trading terminal and want to trade both positional as well as intra day.
