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Know your Orders

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There are many ways you can buy and sell using different types of orders, and each way serves a purpose. Here are the basic trading order types, and when you will want to use them. Allowing market to hit your order ( trigger your  entry ) is KEY learning in my trading journey. 01. Market Orders : Simplest order type to quick buy and sell. The issue with market orders is that you don't know the exact price you are buying or selling at.Sometime this may results in big slippage. 02.Buy Limit Order : This order is place below the current price and filled only at or below the limit price .                                                                                                                ...
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MCX Intraday Crude Oil Trading system ( for Paper Trading)

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Crude Oil  offers high LIQUIDITY  and excellent opportunities to PROFIT  in nearly all market conditions. It offers two unique advantage :-- 01. Extremely competitive spreads 02. Excellent Leverage . Zerodha offers up to 40 x leverage on BO/CO. DM @bhansaliMds for any inputs. 1. Work on 15 Min. Candlestick Chart of Crude Oil – MCX 2. Locate highest volume bar between 10 AM to 5 PM 3. Pen Down Traded Volume ( X ) of that bar. 4. Multiply this volume by 2 ( =2X ) 5. Watch live charts after 5PM for the candle having 2X or above volume. We call this candle – Trigger  Bar ( TB) 6. Add 5 points as buffer before placing Buy and sell order on TB . 7. Keep Risk Per Trade ( RPT ) constant. 8. Once one order trigger , other order will work as Stop Loss Order. 9. Exit at End of Day or 1R   
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Tools for Breakout Trading

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It's a popular trading method and shows results (Profit or Loss) instantly. A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. The reason breakouts are such an important trading strategy is because these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. A few pointers for Breakout trading: 1. TRADE BREAKOUTS IN THE DIRECTION OF THE TREND 2. WAIT FOR HIGHER VOLUME TO CONFIRM A BREAKOUT 3. ENTER ON RETEST OF SUPPORT OR RESISTANCE 4. TAKE ADVANTAGE OF VOLATILITY CYCLES 5. HAVE A PREDETERMINED EXIT PLAN 6. SAVE TIME BY SCANNING FOR BREAKOUT CANDIDATES ...
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