WHY THIS BOOK? : HOW TO MAKE MONEY IN INTRADAY TRADING

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How to Make Money in Intraday Trading: A Master Class by One of India's Most Famous Traders

Publisher: Vision Books (5 May 2018)

Print Length: ‎ 350 Pages

Author: -  Ashwani Gujral  & Rachana A. Vaidya

 

Everyone while scrolling through any wealthy people’s social media post came to know that we should learn at least one skill with which we can make money. The skill which does not keep us reserved. The skill on which we can work from anywhere in the world. The skill which does not take much time and can provide better returns.

Then the term trading comes in our mind. Off course, I’m talking about stock market trading, where we do not have to work much but employ our money with the skills to make money for us. Here I pick this book to learn intraday trading or day trading which is done from 9:15 AM to 3:30 PM as per Indian national Stock Exchange. In this trading we have to buy and sell the stocks on the same day whether we are in profit or in loss.

This book I found a complete package to learn intraday trading. It covered almost everything that affects our trading along with the trader’s psychology. As we know, everyone in this world is rushing to make money but most of the people fail to make good money in very little time. I am writing this to make money and you are reading this to learn something and make money.


This book starts with understanding why so many traders fail in stock market?  We also know that there are lot of information, billionaires’ interviews and technical tools available there, but still most of the people fail to make good money. There are lot of things that stop us to get good profit. We read in this book.

While reading this book we understand so many techniques and concepts as well as we get the answers of most of the questions that arise when we go through our setup.

We understand the concept of moving average, its type and its usefulness in the chart. Why each and every moving average is different from other and gives different results?

There is a support and resistance in every chart but a novice trader always fail to understand this concept. So to make it clear in one’s thought and also in every chart, there is a wide illustration of pivots and central private range(CPR). We learn the concept related to narrow CPR and wide CPR with its importance in chart.

We learn the entry in a different market trend with trade management. Also we cannot deny the exit tactics which may provide profit and even save us from the bad trades. How to trade in morning range, in ranging market, in gap up or in gap down opening, in uptrend market or in downtrend market?

As a novice trader most of the people fully rely on news and tips spread all over either in news channels or in social media. It may not provide best results if we blindly follow these tips and do not verify the product with our own knowledge and skills. So we in this chapter learn how to add catalyst of big news events to get maximum profit?

Money snatchers are present all over not only in our daily life but also in stock market. In stock market they create traps for people to attract and hunt the money from the novice traders or who do not understand the market traps. So here, we understand the techniques to tackle the market traps and even make profit from them.

May be, there is a chaos in our daily life but still we have to manage our finances, daily events and many more things that comes to us. So in stock market also we have to manage our money, manage position size and manage our risk involved in particular trade.

Rules and disciplines always make us more of us and limit us to stay focused towards our goals and safe execution. In the stock market discipline is the most important thing. We have to be disciplined to wait for the time to get right price and wait for the candles to go to achieve target price. In this chapter we understand the power of discipline and we also learn when not to trade. Sometime we may have to wait for full day to get the right trade in the right price at right locations.

After reading this book we learn to approach the stock market every single day like a profitable trader by using appropriate technical expertise with self confidence to find trading opportunity in most of the trades.


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