Day Trading Workshop Notes 1z2r3e
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‘Be A Disciplined Day Trader’
28.60412
www.precisiontechnicals.com
1
PRECI$ION TECHNICAL$ is a Stock Market – 1) Training, 2) Consultancy 3) Financial Software. PRECI$ION TECHNICAL$ has emerged as a companion to many investors, equipping them with the right knowledge required to be a winner in the stock market.
Day Trading Workshop
www.precisiontechnicals.com
This Company carries lot of 1) FIRST‟s, 2) BEST‟s 3) DIFFERENT‟s under its Banner.
One & Only Company which provides LIFE TIME for FREE. Head Office in Pune & presence in Mumbai, Delhi, Bangalore, Ahmedabad, Hyderabad, Jaipur, Rajkot, Surat, Nagpur, Nasik, Aurangabad, Jalgaon. Day Trading Workshop
www.precisiontechnicals.com
Credential's – Kiran Jadhav Founder Director of Precision Technicals. Rich experience from 1992. Regular columnist in SAKAL where the strike rate is 95%. Appearance on leading news channels like NDTV PROFIT, BLOOMBERG UTVi, CNBC AWAAZ. Has been awarded by Mr. Kapil Dev.
Day Trading Workshop
www.precisiontechnicals.com
Credential's -
Mandar Jamsandekar
Founder Director & CEO of Precision Technicals. Rich experience from 1995.
Mastermind behind all the products in Precision‟s basket
Day Trading Workshop
www.precisiontechnicals.com
Credential's -
Ashish Kelkar Rich experience from 2000. Appears on NDTV PROFIT. Regular columnist in LOKMAT. Visiting Faculty to various Management Colleges
Day Trading Workshop
www.precisiontechnicals.com
Your trading experience?
Day Trading Workshop
www.precisiontechnicals.com
7
Reasons Markets are clueless. Directionless movements High volatility Sudden news Wishful thinking Biased predictions Tips
Day Trading Workshop
www.precisiontechnicals.com
8
4 R’s
Right Knowledge Right Infrastructure Right Money Management Right Discipline
Day Trading Workshop
www.precisiontechnicals.com
9
Right Knowledge
Types Of Analysis - Fundamental Analysis - Technical Analysis
Day Trading Workshop
www.precisiontechnicals.com
10 10
Types Of Charts
Line Charts
Bar Charts
Japanese Candlestick Charts
Day Trading Workshop
www.precisiontechnicals.com
11 11
Candlestick Charts
Day Trading Workshop
www.precisiontechnicals.com
12 12
Whites = Buying / Blacks = Selling H
C
O
H L
O
L
Day Trading Workshop
www.precisiontechnicals.com
C
13 13
VOLUMES
Day Trading Workshop
www.precisiontechnicals.com
14 14
TRENDS
Day Trading Workshop
www.precisiontechnicals.com
15 15
Market is comprised of 3 Trends
Up Trend –
Day Trading Workshop
www.precisiontechnicals.com
16 16
Down Trend –
Day Trading Workshop
www.precisiontechnicals.com
17 17
Sideways Trend – write down 2 points
Day Trading Workshop
www.precisiontechnicals.com
18 18
Concepts Of Stop Loss & Trailing Them
Day Trading Workshop
www.precisiontechnicals.com
19
Overview
Risk Management Tool. Minimize Risks & Maximize Profits.
Day Trading Workshop
www.precisiontechnicals.com
20
Recall the TIGER Strategy
Day Trading Workshop
www.precisiontechnicals.com
21
Unique Strategy -
PROFISION Pro…
Day Trading Workshop
www.precisiontechnicals.com
22
Introduction
Trading is a Low Risk Business with our Strategies.
Our Objective – Making Day Trading Safe. Changing a Speculator to Disciplined Day Trader.
Day Trading Workshop
www.precisiontechnicals.com
23
Data ing Click on Intraday tab – Intraday Data Data is of NSE Future trades, Nifty & Bank Nifty Options Software is built to have 3 months historical data for NSE Futures. Data is ed every 5 minutes. Take care that data is not missed – this may result in wrong signals. In the morning while ing data – if the data is updated till yesterday‟s close then change the date for today and the time as 9.15 am. Day Trading Workshop
www.precisiontechnicals.com
24
Data ing For ing data for more than 1 hour use the Historical option. For ing data throughout the day use the Daily Data option. If data stops during the day then you will hear “5 boxing bell” sounds with a pop up message. In this case you have to stop and start data again. Data can stop due to various reasons – internet, multiple processes run on the machine, machine clock etc. Day Trading Workshop
www.precisiontechnicals.com
25
Trading Assist Displays a list of stocks which look good for trading using Pro for that day. This window displays the date and name of the stock.
Select the name of the stock and click on Open.
Day Trading Workshop
www.precisiontechnicals.com
26
PT Trader (Formula)
On the chart you can apply the trading system (Formula) which changes the colours of the candles. Green = Buy Signal Red = Sell Signal Go to Trading System – Apply – PT Trader Trade as per the colour of 1st (9:20am) candle Day Trading Workshop
www.precisiontechnicals.com
27
Intraday Action Viewer
Get an Analyst to work at no extra cost Trading between 9:20am to 3:30pm The Action viewer window is to be kept open When the comment is posted, it is automatically displayed in this window A loud sound „Intraday Action‟ can also be heard with this comment This window displays the action happening in the stocks throughout the day
Day Trading Workshop
www.precisiontechnicals.com
28
Intraday Action Viewer - Comments
Breakout above Intraday Resistance – Buy Signal Up Flag Formation – Buy Signal Inverted Head & Shoulder - Buy Signal Breakout above Resistance Trend line – Buy Signal
Breakout below Intraday – Sell Signal Down Flag Formation – Sell Signal Head & Shoulder – Sell Signal Breakout below Trend line – Sell Signal Note – Do not use Trading system colours while trading using Intraday Action Viewer
Day Trading Workshop
www.precisiontechnicals.com
29
Intraday Action Viewer - Advantages
Does not have to keep running your own queries & formula Saves time on study to pick these patterns Get readymade picks for trading Trading at traders ease any time during the day
Day Trading Workshop
www.precisiontechnicals.com
30
Daily steps 1. Open Software. 2. Answer the question on Welcome Screen 3. Click on Intraday tab – Intraday Data – Enter your Max Loss per stock per trade – Select Risk Management - Daily Data - Change date as per the last date and time. 4. Click on Start & Minimize the window 5. Click on Trading Assist – Ok 6. Open stocks listed in the Trading Assist or stock of your choice by pressing – CTRL + I
Day Trading Workshop
www.precisiontechnicals.com
31
Strategies to Trade You have following strategies to trade
1.
Trading system (Formula) – PT Trader – Green & Red Candles (Note – Trade after 1st candle (9:20am) as per colour)
2. Intraday action Viewer (Note – Do not use PT Trader while trading using Intraday Action Viewer)
Day Trading Workshop
www.precisiontechnicals.com
32
3. Option Trading Open chart which is nearest to spot price – Both call & Put Apply formula – PT Trader Strategy 1 Ensure the time period is 5 min Trade on BUY & SELL signals of PT Trader (Formula) This is for short term day trader.
Strategy 2 Make the time period 15 min Trade on BUY & SELL signals of PT Trader (Formula) This is for day trader.
Day Trading Workshop
www.precisiontechnicals.com
33
Strategy 3 Make the time period is 60 min Trade on BUY & SELL signals of PT Trader (Formula) This is for a position trader or a swing trader.
Day Trading Workshop
www.precisiontechnicals.com
34
Discipline Decide an amount you are ready to loose per trade.
Keep this amount constant for 6 months. Follow money management via the “Automatic quantity calculator” is case of Cash market trades. Follow equal lot sizes in case of Options trading.
Day Trading Workshop
www.precisiontechnicals.com
35
Advice With Profision Pro by your side –
The 4 R‟s – Right Knowledge Right Infrastructure Right Money Management Right Discipline Will be automatically taken care off.
Day Trading Workshop
www.precisiontechnicals.com
36
For Any Help You Can Call “Technical Experts” From 9.30 am to 6.00 pm
Number – (020) – 66 86 86 86
WISH YOU ALL THE BEST! Day Trading Workshop
www.precisiontechnicals.com
37
WE ARE ALWAYS BY YOUR SIDE IN YOUR VENTURE IN THE STOCK MARKETS
Timings Weekdays = 8.00 am – 12.00 midnight Saturday = 9.30 am – 6.00 pm Number – (020) – 66 86 86 86 [email protected]
Day Trading Workshop
www.precisiontechnicals.com
38
28.60412
www.precisiontechnicals.com
1
PRECI$ION TECHNICAL$ is a Stock Market – 1) Training, 2) Consultancy 3) Financial Software. PRECI$ION TECHNICAL$ has emerged as a companion to many investors, equipping them with the right knowledge required to be a winner in the stock market.
Day Trading Workshop
www.precisiontechnicals.com
This Company carries lot of 1) FIRST‟s, 2) BEST‟s 3) DIFFERENT‟s under its Banner.
One & Only Company which provides LIFE TIME for FREE. Head Office in Pune & presence in Mumbai, Delhi, Bangalore, Ahmedabad, Hyderabad, Jaipur, Rajkot, Surat, Nagpur, Nasik, Aurangabad, Jalgaon. Day Trading Workshop
www.precisiontechnicals.com
Credential's – Kiran Jadhav Founder Director of Precision Technicals. Rich experience from 1992. Regular columnist in SAKAL where the strike rate is 95%. Appearance on leading news channels like NDTV PROFIT, BLOOMBERG UTVi, CNBC AWAAZ. Has been awarded by Mr. Kapil Dev.
Day Trading Workshop
www.precisiontechnicals.com
Credential's -
Mandar Jamsandekar
Founder Director & CEO of Precision Technicals. Rich experience from 1995.
Mastermind behind all the products in Precision‟s basket
Day Trading Workshop
www.precisiontechnicals.com
Credential's -
Ashish Kelkar Rich experience from 2000. Appears on NDTV PROFIT. Regular columnist in LOKMAT. Visiting Faculty to various Management Colleges
Day Trading Workshop
www.precisiontechnicals.com
Your trading experience?
Day Trading Workshop
www.precisiontechnicals.com
7
Reasons Markets are clueless. Directionless movements High volatility Sudden news Wishful thinking Biased predictions Tips
Day Trading Workshop
www.precisiontechnicals.com
8
4 R’s
Right Knowledge Right Infrastructure Right Money Management Right Discipline
Day Trading Workshop
www.precisiontechnicals.com
9
Right Knowledge
Types Of Analysis - Fundamental Analysis - Technical Analysis
Day Trading Workshop
www.precisiontechnicals.com
10 10
Types Of Charts
Line Charts
Bar Charts
Japanese Candlestick Charts
Day Trading Workshop
www.precisiontechnicals.com
11 11
Candlestick Charts
Day Trading Workshop
www.precisiontechnicals.com
12 12
Whites = Buying / Blacks = Selling H
C
O
H L
O
L
Day Trading Workshop
www.precisiontechnicals.com
C
13 13
VOLUMES
Day Trading Workshop
www.precisiontechnicals.com
14 14
TRENDS
Day Trading Workshop
www.precisiontechnicals.com
15 15
Market is comprised of 3 Trends
Up Trend –
Day Trading Workshop
www.precisiontechnicals.com
16 16
Down Trend –
Day Trading Workshop
www.precisiontechnicals.com
17 17
Sideways Trend – write down 2 points
Day Trading Workshop
www.precisiontechnicals.com
18 18
Concepts Of Stop Loss & Trailing Them
Day Trading Workshop
www.precisiontechnicals.com
19
Overview
Risk Management Tool. Minimize Risks & Maximize Profits.
Day Trading Workshop
www.precisiontechnicals.com
20
Recall the TIGER Strategy
Day Trading Workshop
www.precisiontechnicals.com
21
Unique Strategy -
PROFISION Pro…
Day Trading Workshop
www.precisiontechnicals.com
22
Introduction
Trading is a Low Risk Business with our Strategies.
Our Objective – Making Day Trading Safe. Changing a Speculator to Disciplined Day Trader.
Day Trading Workshop
www.precisiontechnicals.com
23
Data ing Click on Intraday tab – Intraday Data Data is of NSE Future trades, Nifty & Bank Nifty Options Software is built to have 3 months historical data for NSE Futures. Data is ed every 5 minutes. Take care that data is not missed – this may result in wrong signals. In the morning while ing data – if the data is updated till yesterday‟s close then change the date for today and the time as 9.15 am. Day Trading Workshop
www.precisiontechnicals.com
24
Data ing For ing data for more than 1 hour use the Historical option. For ing data throughout the day use the Daily Data option. If data stops during the day then you will hear “5 boxing bell” sounds with a pop up message. In this case you have to stop and start data again. Data can stop due to various reasons – internet, multiple processes run on the machine, machine clock etc. Day Trading Workshop
www.precisiontechnicals.com
25
Trading Assist Displays a list of stocks which look good for trading using Pro for that day. This window displays the date and name of the stock.
Select the name of the stock and click on Open.
Day Trading Workshop
www.precisiontechnicals.com
26
PT Trader (Formula)
On the chart you can apply the trading system (Formula) which changes the colours of the candles. Green = Buy Signal Red = Sell Signal Go to Trading System – Apply – PT Trader Trade as per the colour of 1st (9:20am) candle Day Trading Workshop
www.precisiontechnicals.com
27
Intraday Action Viewer
Get an Analyst to work at no extra cost Trading between 9:20am to 3:30pm The Action viewer window is to be kept open When the comment is posted, it is automatically displayed in this window A loud sound „Intraday Action‟ can also be heard with this comment This window displays the action happening in the stocks throughout the day
Day Trading Workshop
www.precisiontechnicals.com
28
Intraday Action Viewer - Comments
Breakout above Intraday Resistance – Buy Signal Up Flag Formation – Buy Signal Inverted Head & Shoulder - Buy Signal Breakout above Resistance Trend line – Buy Signal
Breakout below Intraday – Sell Signal Down Flag Formation – Sell Signal Head & Shoulder – Sell Signal Breakout below Trend line – Sell Signal Note – Do not use Trading system colours while trading using Intraday Action Viewer
Day Trading Workshop
www.precisiontechnicals.com
29
Intraday Action Viewer - Advantages
Does not have to keep running your own queries & formula Saves time on study to pick these patterns Get readymade picks for trading Trading at traders ease any time during the day
Day Trading Workshop
www.precisiontechnicals.com
30
Daily steps 1. Open Software. 2. Answer the question on Welcome Screen 3. Click on Intraday tab – Intraday Data – Enter your Max Loss per stock per trade – Select Risk Management - Daily Data - Change date as per the last date and time. 4. Click on Start & Minimize the window 5. Click on Trading Assist – Ok 6. Open stocks listed in the Trading Assist or stock of your choice by pressing – CTRL + I
Day Trading Workshop
www.precisiontechnicals.com
31
Strategies to Trade You have following strategies to trade
1.
Trading system (Formula) – PT Trader – Green & Red Candles (Note – Trade after 1st candle (9:20am) as per colour)
2. Intraday action Viewer (Note – Do not use PT Trader while trading using Intraday Action Viewer)
Day Trading Workshop
www.precisiontechnicals.com
32
3. Option Trading Open chart which is nearest to spot price – Both call & Put Apply formula – PT Trader Strategy 1 Ensure the time period is 5 min Trade on BUY & SELL signals of PT Trader (Formula) This is for short term day trader.
Strategy 2 Make the time period 15 min Trade on BUY & SELL signals of PT Trader (Formula) This is for day trader.
Day Trading Workshop
www.precisiontechnicals.com
33
Strategy 3 Make the time period is 60 min Trade on BUY & SELL signals of PT Trader (Formula) This is for a position trader or a swing trader.
Day Trading Workshop
www.precisiontechnicals.com
34
Discipline Decide an amount you are ready to loose per trade.
Keep this amount constant for 6 months. Follow money management via the “Automatic quantity calculator” is case of Cash market trades. Follow equal lot sizes in case of Options trading.
Day Trading Workshop
www.precisiontechnicals.com
35
Advice With Profision Pro by your side –
The 4 R‟s – Right Knowledge Right Infrastructure Right Money Management Right Discipline Will be automatically taken care off.
Day Trading Workshop
www.precisiontechnicals.com
36
For Any Help You Can Call “Technical Experts” From 9.30 am to 6.00 pm
Number – (020) – 66 86 86 86
WISH YOU ALL THE BEST! Day Trading Workshop
www.precisiontechnicals.com
37
WE ARE ALWAYS BY YOUR SIDE IN YOUR VENTURE IN THE STOCK MARKETS
Timings Weekdays = 8.00 am – 12.00 midnight Saturday = 9.30 am – 6.00 pm Number – (020) – 66 86 86 86 [email protected]
Day Trading Workshop
www.precisiontechnicals.com
38
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