How To Make Money in Intraday Trading

About the Book
About the Authors
Other Trading Books
Titlepage
Dedication
Contents
Preface
List of Abbreviations
Introduction: Debut of a Novice Trader on D-Street
	Facing Facts
	Our Trading Arsenal
	Expectations and Evolution of an Intraday Trader
	The Three Stages of a Trader’s Journey
Chapter 1. Mastering Market Basics and Moving Averages
	Introduction
	Market Basics
		The Two Kinds of Markets
		Market Participants and Their Behaviour
		The Two Market Phases
		Economy, Business Cycle and Sector Rotation
	Moving Averages (MAs)
		Types of Moving Averages
		Characteristics of Moving Averages
		Milestones Covered
Chapter 2. Understanding Candles
	Introduction
	The Anatomy of Candles
	Important Factors in Interpreting Candles
	3 Types of Candles — and What They Reveal about the Market’s Mind
	Under-sized / Lilliput / XXS-Sized Candles
	Super-sized / Giant / XXL-Sized Candles
	Reversal or Rejection Candles
	Key Points for Accurate Candle Reading
	Milestones Covered
Chapter 3. Trading With Candles
	How to Trade Lilliput (XXS-Sized) Candles
	What Giant (XXL) Candles Reveal — and How to Trade Them
	How to Trade Rejection Candles
	Milestones Covered
Chapter 4. Trading Pivots — Part I: Floor Pivots
	Introduction
	The Fair Valuation Concept
	How to Trade the Market’s Opening Ceremony
	The Basics of Pivots
		Floor Pivots
		Interpretation of Pivots
		Role Reversals of Pivots
		Analysing Market Opening Using Pivots
Chapter 5. Trading Pivots — Part II: The Central Pivot Range
	The Central Pivot Range
	Trend Analysis with CPR
	Assessing the Day Ahead
	Advantages of Pivots
	Multi Time Frame Analysis with Pivots
	A Practical Caveat
	Milestones Covered
Chapter 6. Trading Trending Markets — Part I: Trade Entry Tactics and Stop Losses
	Introduction
	How to Select Stocks to Trade Using Different Time Frame Charts
	Trade Setup
	Four Entry Tactics for a Trending Market
	The Initial Stop Loss
	The Trailing Stop Loss
	When to Trail a Stop Loss
	Three Methods of Trailing a Stop Loss
Chapter 7. Trend Trading Tactics — Part II: Managing Ongoing Trades, Counter Trend Trading and Trading Gaps
	Introduction
	Trade Management
	Counter Trend Trading
	Trading Gaps
	Pyramiding — Position Building with Multiple Contracts
	Milestones Covered
Chapter 8. Trading Ranged Markets: Ways of Swinging Sideways
	Introduction
	Two Ways to Trade the Markets
	Important Parameters for Trading Sideways Markets
	Characteristics of Sideways Markets
	What a Trader Must Pay Attention To
	Important Points to Remember about Trading Ranged Markets
	Conclusion
Chapter 9. Trading Big News Events: The Catalyst by Your Side
	How to Trade Stocks That Are in the News
	News Based Trading in Context
	Spill-Over Impact of News on Related Stocks
	How to Read the Market’s Reaction to a News Event
	How to Get the Best Out of Business TV
	Milestones Covered
Chapter 10. How to Profit from Traps
	What is a Trap?
	Trap Trading Technique 1: Ranging Markets
	Trap Trading Technique 2: Correction Ends and the Trend Resumes
	Trap Trading Technique 3: Trend Ends, Correction Begins
	Is it Wise to Buy after a Significant Decline?
	Milestones Covered
Chapter 11. The Trading Power of Confluence
	What is a Stock Market Confluence?
	Parameters to be Considered while Studying Confluence
	Stocks of the Same Sector Moving Together
Chapter 12. Money Management
	Introduction
	What is Money Management
	Stop Loss Revisited
	Total Risk or Drawdown Value
	Position Size
	Drawdowns Can Really Draw You Down
	Risk Management Mistakes Traders Often Make
	Your Exit Strategy Is Also a Part of Money Management
	When Can You Increase Your Position Size
	Hit Ratio and Risk-Reward Ratio
	Diversification as Risk Management
	How Often Should You Measure Your Performance?
	Are You Overtrading?
	Till You Book Profits, Everything is Notional
Chapter 13. Mastering Your Mind: Winning Techniques Beyond the Technicals
	Stop Fantasizing, Accept Facts
	Mental Hygiene
	Focus on What Matters
	Ditch that Itch for Constant Action
	Focus on Self, and Not on the Opponent
	Seek Within
	Unlearn Before You Learn
	Time is Not the Solution to Every Problem
	Another Lesson to Unlearn
	The Seductive Market Can Disrupt Your Tapasyaa (Focus)
	What You Seek Will Seek You
	Visualisation Technique
	Take Time Off
	Calm-a-Sutra is the Key
	Developing the Killer Instinct
	Victory over Mind before Victory over Markets
	Conclusion
Chapter 14. The Discipline of a Day Trader
	Short Term F&O Trading is Only for Full-timers
	The Daily Preparation of a Trader
	Daily Trade Plan
	Post Market Analysis
	Use Technical Analysis for What It Is
	Capital is Necessary but That Alone is Not Sufficient
	Developing a “Gut Feel” for the Markets
	Goals Must be Stepped
	Hardware, Software, Costs, Commissions and Record Keeping
	Don’t Try to Drink the Entire Ocean
	Overcome the Need to be Always Right
	Conquer Your Ignorance
	Conclusion
Publisher’s Afterword
Bibliography
Endnotes