I am trading intraday for 1.5 months, So I am new to trading and I need help understanding something. Today I performed tens of trades and made about 650 (450 after taxes) but while I was analyzing stocks aftermarket for next day, I found something interesting.
As I said, I made tens of trades to make some 450 amount. But I found some (Actually, A lot of them) stocks that could make 2.5k to 4.5k in a single day with the same margin if I had made a single trade with all the amount I have in a single stock. And I am thinking to avoid multiple trades so that I do not have to invest too much time constantly looking at the screen as I have one business to manage.
So, I want to start trading only 1 stock a day. 1 stock and 1 trade in a single day. Maybe I can do something like 3 stocks and 3 trades in a day to avoid risking all the money as trades might go wrong and I might lose some (a good amount) money.
I want help when it comes to trusting candlestick patterns in intraday trading if I am considering only 1-2 trades a day. And I also want to know what things I have to keep in mind to change my trading style. By changing the way of trading from multiple trades to single and huge trades in a day, I can maximize my profit at least by 5x.
What do you guys suggest?
Submitted November 28, 2018 at 10:50AM by p01ymath https://ift.tt/2BDBZJm
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