The Easiest Daytrade To Make

ss-7853536-potOfGold Essentially there are 3 timeframes to trade when it comes to “daytrades”:

1) the open

2) the close

3) and everything else in between

As you know by now, #3 is really the toughest to trade. It is the lowest probability trade of the three types, and your stops frequently get hit. Frequently, even if we get the direction right it is not very profitable because we get whipsawed like crazy. However, this is where many trades can be made, so the scalps do add up to a good chunk if you know what you’re doing.

So those who had joined us and getting Intraday calls-ofcourse having upperhand and minting money.

Most of the money is actually made trading #1 in the morning because of the big movement that normally occurs at that time. We call that “fading the gap”. It is a fairly high probability trade and highly profitable trade if you have the stomach for it.
Trading #3 as you’ve seen my calls on the Nifty Future/BTST/STBT, via the Overnite Daytrades, appears to be the highest probability trade, though the profit may not be as big as #1, fading the gap. This should be the preferred trade for most of you, because the number one rule of making money in the stock market is NOT TO LOSE MONEY, or lose as much as you need to. The nice thing about the Overnites is that even when we were wrong about the direction, frequently we were able to get out at breakeven. That is such a sweet spot to be in!