Amibroker is a very powerful charting platform and you can generate sure shot intraday stock tips using this piece of software using some very simple scans and explorations.
So, you have the same question that millions are looking for. How to make profits in intraday trading? I have also searched for the answer for a long long time and finally, we found a foolproof method where we can securely answer the question of my clients, on how to make profits in intraday trading. We call it the 2% method, a trading technique implementing which you can earn 2% profits every day. It’s like the Holy Grail of Trading.
You can achieve almost 80% accuracy in your trading just by following simple methods. here in this post, I will show you a live example. I will show you an example of 18th December 2012 where our subscribers have minted money short selling a stock.
Rule of thumbs to generate sure shot intraday stock tips with Amibroker
- Identify a weak stock using a simple scan.
- The next morning wait for the stock to rally higher by at least 1.5%-2.0% of the previous close.
- Short sell the stock.
- Keep a 1% stop loss.
- Book profit if stock comes down to the previous close.
If you do now know about my 2% method of identifying sure shot intraday stock tips please watch the video below.
Now on the 17th of December 2014 night, we spotted a stock Strides Pharma Science Ltd (NSE: STAR), that has broken the trough with a high KRA of 48 and closed at 874.
So, we kept STAR cash, future and options all on our screen. The next morning STAR opened up, gapped up, close to 900. So that is the ideal time to short it.
So we shorted STAR around 900 with 1% SL, i.e. 909, and booked profit at the previous close level of 974. We got 26 points profit per lot, i.e Rs. 13000 per lot. It is a simple implementation of my 2% method to find sure shot intraday stock tips.
Prerequisites to generate sure shot intraday stock tips
- A good charting software like Amibroker.
- A good breakout or breakdown scanner in Amibroker like T3B Trading System or Amibroker Holy Grail.
- Also a good end-of-day (EOD) database in Amibroker.
Buy rules
- Scan with the end-of-day data after 7 PM
- Find potential breakout buy scrips
- Sort with KRA
- For buy only consider scrips with low and rising KRA
- KRA close to -10 is ideal but not necessary
- Suppose you got 4 scrips as BUY in this method
- Next morning only keep these 5 scrips in your terminal
- Watch for any weakness in them intraday basis (before 1 PM)
- If you get a 2% weakness in any of them BUY with 1% stop loss
- Target will be the last day’s close, i.e 2% from your BUY level.
- Achieve 80% accuracy in trading?
Short sell rules
- Scan with the end-of-day data after 7 PM
- Find potential breakdown short sell scrips
- Sort with KRA
- For short sell only consider scrips with high and falling KRA
- KRA close to +10 is ideal but not necessary
- Suppose you got 4 scrips as SHORT in this method
- Next morning only keep these 5 scrips in your terminal
- Watch for any rally on them intraday basis (before 1 PM)
- If you get a 2% rally in any of them SHORT SELL with a 1% stop loss
- Target the last day’s close, i.e 2% from your SHORT level.
- Achieve 80% accuracy in trading?
So in this way, you can find sure shot intraday stock tips using the AmiBroker software. If you have any queries on this subject do catch me up in the comments section below.
Conclusion
When it comes to intraday trading, everyone dreams of finding that one sure shot intraday stock tips that will guarantee profits. But let’s be real, predicting the stock market is a tough nut to crack. There are always risks involved, and shortcuts simply don’t exist.
But don’t worry, there’s hope! There are strategies and techniques that can help traders make better-informed decisions and increase their chances of success. By doing your homework, using technical analysis tools, and keeping an eye on market trends, you can greatly improve your odds of making profitable trades.
Here’s the thing: there is no one-size-fits-all solution when it comes to intraday trading. What works for one person might not work for you. Success requires patience, discipline, and a willingness to learn and adapt.
So, stay curious, keep practicing, and focus on stocks with good intrinsic value. Lastly, never forget that there are no guarantees in trading. But with hard work and dedication, success is within reach. Good luck out there!
