I went through all the articles of yours.They were very informative.However I have a different view on day trading.It is a bit easy if we keep your 2 enemies away.Greed and fear.Let me give an example. Say I have Rs250000 for a day trade and I want to earn Rs 5000 a day.(it is imp to fix your targets beforehand to avoid the above said enemies) Now the market opens at 0915 am.See the market conditions and decide whether to buy or to short.Also Keep an eye on the Asian markets.Lats say its neither a bullish or bearish day.Pick the top 5 group A gainers.(www.money.rediff.com)lets say DLF is the top gainer with a gain of 4%.By 09:30 to 09:45 the stock corrects from its initial gain to around 2.7 to 3%. initiate a buy here. say you buy for Rs 250000.Most brokers offer margin so you still have money in your account.At some point of day DLF will make a retest of 4%,where you can sell it.Say it drops further to 1.5 to 2 %where you can buy for another 250000.Your buy price will be at around 1.5% lower than the highest level of 4%.A stock tries to retest its higher level around 1030am to 1200am.you can square off at 3.5 % gain of DLF getting a profit of 1%.You get Rs 2500 in the first case ans Rs 5000 in the second case.You can make one more such trade on the top 5 gainers.So you have got the Rs 5000 for the day. Note: Always wait for the stock to correct form its higher level and don't jump into buying. Market becomes volatole at arond 0130Pm and 0230PM.Best of luck. Anish
