How do I select intraday trading stocks for the next day at the end of the market?
⦁ Hi, You can do all your homework in night and next day you can take some action , So i have just share this particular work which you can do as homework.
⦁ So your entry can be different you can use indicator for entry (or) you can use pattern break out strategy like triangle pattern, channel pattern, cup and handle etc…and candle break out like engulfing entry (or) simple entry like RSI and MACD. Here we have lots of entry strategy.
⦁ whatever you ‘re using for an entry, price action or indicator. But you need to know how to select the stock for intraday even picking a stock also matter.
⦁ If you apply this only on any stock randomly it will not working in intraday.
⦁ Picking a stock does 50% of your work if you do that particular task properly then things go better . We don’t know what’s the logic gonna happen tomorrow . Because we don’t know market go up (or) come down even external global market are gonna impact on it. So we don’t know any clue, Because we are not a god over here , we don’t know anything , We are human being any thing can happen tomorrow , But we need some logic to enter so far that what we can do, we want to see a stock where peoples are investing more may be finding out the deliveries of a stock where people are traded the most (or) where delivery volumes are highest. In stock exchange website (eg:NSE) you know that you can find the delivery.
- Pre-Open Market in NSE which is based on analysis of pre open market data , here you have to check percentage change in the stock. From this list you have to select the stock which is around 1%, why because some stocks are already moved above 3–4%. So it having chances to fall again for filling the gap, the stock which is around 1% you can start the trade, but it is always better to wait for 15mins to take the trade because once you wait for 15mins it give the confirmation trend of the particular stock. So it is always advisable to wait for 15mins to confirm your entry for the trend.
2) Previous day Top Gainers & losers once the market closes you will need to check the gainers and losers in your exchange website (eg:NSE). This means their is a good trades happened in these stocks and today good volumes of trades are also happened in this stocks. So tomorrow also the trend might continue. Here too you just wait for 15mins to take a trade.
3) It is similar to the previous method that is Top gainers and losers. Before checking the gainers and losers you have to wait for 1hr, Don’t immediately jump into trade, You have to wait for 1hr the gainers will change, Once you wait for 1hr then pick top gainers and losers and decide which stock will give you good profit and apply your strategy.
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