Intraday Trading Lecture Summary

Key Concepts

• VWAP (Volume Weighted Average Price)
  • If the market is above VWAP, it is considered positive.
  • If below VWAP, it is negative.
  • If moving around it, the market is sideways.
• Luck vs. Skill
  • Buying at the right time can be luck.
  • Skills are developed in taking entries and exits.

Tools for Trading

• Supertrend: A tool for tracking market trends and trading signals.
• Trails and SL (Stop Loss): Essential for protecting capital.

Common Issues in Intraday Trading

• Fake courses sold for intraday trading.
• Importance of understanding timeframes, price action, and risk management.

Guest Speaker

• Abhishek Kar: Intraday specialist invited to share expertise.

Types of Trading

• Intraday vs. Scalping
  • Scalping is a part of intraday trading, looking for quick trades usually in 1-3 min charts.
  • Day traders often use 5-15 min charts for a broader view.
• Positioning
  • Use of inside bar formations and round bottoms for trades.

Entry Techniques

• Observing Market Behavior: Look for ranges and breakouts on charts.
• Order Blocks: Identify key price levels to trade around.
• Price Action Only: Focus on candle movements rather than indicators.
• 1st Candle of the Day: Mark the high and low for potential trade setups.

Risk Management & Position Sizing

• Starting Capital: Suggested to start small (around 1,000) for testing.
• Confidence Building: Start with lower amounts to avoid large losses.
• Long-Term Perspective: Keep savings for 2-3 years before going full-time.
• Psychological Preparedness: Understand risk profiles and maintain emotional control.

Trading Strategies

• Cushion Concept: Use profits as a cushion to protect against losses.
• Risk-to-Reward Ratio: Aim for trades that follow a favorable risk-to-reward, preferably 1:2 or 1:3.
• High-Probability Trades: Wait for setups with clear momentum before entering trades.

Important Trading Practices

• Avoid Overtrading: Be selective with trades; focus on high-probability setups only.
• Emotional Control: Avoid revenge trading and follow system rules.
• Use of Stop Loss: Always set stop losses for day trades, especially on expiry days.

Market Observation

• Volatility: Observe market conditions and trading volume
• Time Zones: Recognize that significant moves often occur at specific times during the trading day.

Final Thoughts

• Learning: Emphasized the importance of continuous learning and practice.
• Next Steps: Future series planned on swing trading, targeting broader strategies for those with less capital.

Conclusion

• Encouraged viewers to subscribe for more insights and offered thanks to the guest speaker, Abhishek Kar.