Earn 3000 rs daily by applying this simple trading strategy

Introduction

• Welcome Traders, Yup you read it correctly in this blog I m gonna show you how anyone can earn minimum 3000 rs daily by applying this simple intraday strategy .
• Hold on do not worry it is really a basic concept or formula which can be implemented by beginners.
• Just follow this five simple steps.
• Lets Begin.

Procedure

Which stock to buy or sell ?

• Just select currently good performing stocks for buy and bad performing stocks for sell.
• Now you have to look at previous four days of performance of that stock.Just write it down its high and low price of each day.
• Do it at night this strategy is for next day trading.
• For ex. Tatasteel.

                             Tue          Mon          Fri          Thu

       

       High            414.75       412.60      403        400.03

      

       Low            399.90          396         390         389

• In this way find out the highest and lowest price.
• First step is done lets move on second step.

When to Enter ? Target?

• Currently the performance of the stock is good hence we will buy here.
• 1% of  414.75 entry point for buying .
• Here the highest price is 414.75 hence the 1% is 4.14 therefore the entry point for this stock will be around 418 .(Approx )
• Target will be 3% of 414.75 that is 427.
• As mentioned above you can sell half of your quantity as you hit your target and trail the other half with strict stop loss.
• You can exit the trade as per your comfort if your satisfied by the profit or if your confident then you can hold.
• I will suggest to book profit and exit the trade don't hold it for long and trade in multiple stocks to increase your profit.

Quantity?

• In above case buy 1500 quantity.(Depends on how much money you got to invest)
• Purchase bulk quantity in small price stock companies ranging between 50 rs to 300 rs around 500-1000 quantity's . Then just gradually reduce your quantity as you start trading in stocks with higher price.

Stop loss?

• 2% of entry price that is  406.5 will be your stop loss.
• Market fluctuates every minute so don't panic and don't try to sell the stock just hold up to the stop loss, patience is the key.

Conclusion

• Select good performing stocks for buy and vice versa to sell.You can get that information by clicking here.
• Stick to the rules do not enter too early .Enter at calculated price.
• Exit the the trade as per your comfort and apply 50% target technique.
• Do not panic if price falls if stop loss doesn't get hit then carry your position to next day.
• No expert can confirm you will earn profit from every trade you will also suffer losses but by applying this you have already reduced your chances of losses as for now your trading logically not blindly and hope you make good profit.

Here are some screenshots of my trades by using this particular strategy

Good profits in lICHSFIG,TATASTEEL and in HDFC (ignore options)

I hope you have got an idea about it ,I will suggest you to experiment this strategy for a week purchase 1 share in variety of stocks which you have studied then you will start to recognize a pattern of entry and exit strategy,then slowly increase your quantity as you start feeling confident about it.