How to identify momentum stocks for intraday trading
Explained in detail with examples with a scanner to scan stocks(link in youtube description)
https://t.co/wf4EOV9Ktt
#trading #youtube #markets
More from Sourabh Sisodiya, CFA
A Day in the Life of a Trader (A day in my Life)
1) I absolutely love my work❤️! In fact, I grew up dreaming to be a trader. So trading, to me, doesn’t feel like working (except when I lose😂).
It’s fascinating because it’s different every day.
#trading #life

2)7:30 AM : Alarm Rings
A typical week day for me begins at 7:30 AM.
I spend the next 30 minutes on my daily chores — get ready for office, grab a quick breakfast & have a hot cuppa coffee.

3) 8:00 AM : Leave for office
On my way to office, I check what happened at the Wallstreet overnight & how are Asian markets performing.
I then look for any macro news that may affect overnight positions
P.S: We are moving to a new bigger office & will share pics of that soon

4) 9 AM - Connect with Trade Room members
I connect with trade room members on zoom & share my plan for the day, stocks to keep in radar & how to play the index & which option strategies to execute
For more details about Online Trade Room you can check
https://t.co/WrQPxhABsE

5) 9:07 - Pre Opening session
I keenly observe the pre-opening to get a general sense of where the market is it likely to open. At 9:07 AM, the pre-opening prices are out. I make a note of stocks opening with a big gap up or gap down and keep them on my watchlist.

More from Stocklearnings
These setups I found from the following 4 accounts:
1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili
Share for the benefit of everyone.
Here are the setups from @Pathik_Trader Sir first.
1. Open Drive (Intraday Setup explained)
#OpenDrive#intradaySetup
— Pathik (@Pathik_Trader) April 16, 2019
Sharing one high probability trending setup for intraday.
Few conditions needs to be met
1. Opening should be above/below previous day high/low for buy/sell setup.
2. Open=low (for buy)
Open=high (for sell)
(1/n)
Bactesting results of Open Drive
Already explained strategy of #opendrive
— Pathik (@Pathik_Trader) May 27, 2020
Backtested results in 30 stocks and nifty, banknifty.
Success ratio : approx 40-45%
RR average 1:2
Entry as per strategy
Stoploss = Open level
Exit 3:15 PM Or SL
39 months 14 months -ve, 25 +ve
Yearly all 4 years +ve performance. pic.twitter.com/nGqhzMKGVy
2. Two Price Action setups to get good long side trade for intraday.
1. PDC Acts as Support
2. PDH Acts as
So today we will discuss two more price action setups to get good long side trade for intraday.
— Pathik (@Pathik_Trader) June 20, 2020
1. PDC Acts as Support
2. PDH Acts as Support
Example of PDC/PDH Setup given
#nifty
— Pathik (@Pathik_Trader) June 23, 2020
This is how it created long setup by taking support at PDC.
hopefully shared setup on last weekend helped. pic.twitter.com/2mduSUpMn5