In the landmark visit to India that happened last month, both the ace leaders President Barack Obama and Prime Minister Narendra Modi were able to conclude a lot of bilateral agreements and deals; and promised to be partners in economic progress and growth. This visit was a follow up on the themes addressed during PM Modi’s September 2014 visit to the US and addressed quite a few issues that had been on the US-India back burner for several years now.
The rise of online stock trading and stock trading apps has led to a massive increase in Day Trading. Many established investors regard the process with derision.
The reason for that is that Day trading and long-term investments are so different that if the latter were a test match, the former would not even be T20. Rather, it would be a super-over.
Long-term traders are test players – patient, cautious and interested in the fundamentals. They’re not very good at T20, the playground of the risk-takers and trend analysts – the players who want their reward here and now.
What is Day Trading?
Day trading is when you buy and sell securities on the same day. In other words, it’s when you close your books and settle your accounts in one day; by the time the market closes. The window for day trading in India is 9.50 am to 3.30 pm. Usually, people do it in a few hours.
And it’s exhilarating because you’re literally seeing yourself make (or lose) money in front of your own eyes.
This article is a part five of a series in which we answer a set of questions about Trading Systems, namely
- What is a trading strategy and why you need one.
- How to lay the groundwork for a trading strategy.
- Finalizing your Trading Strategy.
- Types of Trading Systems- Trend Following<./li>
- Types of Trading Systems- Counter-trend
- Let us now get into Counter-Trend Systems
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