Ashwani Gujral - How to Make Money in Intraday Trading

About the Book

A master class on making money in day trading by one of Indias most famous traders

In his trademark blunt style, and laced with wry throwaway humour, Ashwani Gujral cuts through the clutter and awe surrounding day trading, sharply zeroing in on the skills, methods and abilities which spell success in this most challenging and rewarding of endeavours.

This book will equip you with the skills and temperament to make you market ready. It reveals Ashwanis time-tested and practical day trading strategies and systems which are easy to understand and implement:

• The 3Ms of trading success method, money management and mindset
• The technical pillars moving averages, pivots and exceptional candles
• Profitable trade entry, trade management and exit tactics
• How to trade the morning range, trends, gaps, and sideways markets
• How to add the catalyst of big news events to power your trades.
• How to avoid and profit from market traps
• How to harness the explosive power of multiple trading tools working in tandem
• Money management position size and risk management
• How to master your mind in order to vanquish the market
• The daily discipline of a successful day trader.

Rachana Vaidya

Packed with 200+ real market examples and charts, this book shows you how to approach the market every single trading day like a winner, equipped with appropriate technical expertise and supreme self-confidence.

About the Authors

ASHWANI GUJRAL is one of Indias most famous market analysts and trading experts. He is the Chief Market Strategist and Fund Manager of ashwanigujral.com and a regular market commentator including on CNBC TV18 business channel. He has written on trading and technical analysis for leading US specialist magazines and journals, including The Active Trader, Stock Futures and Options, Futures, Traders Source, and Technical Analysis of Stocks and Commodities. Ashwani has been a full time trader of stocks and derivatives since 1995. His activities include running a technical analysis plus trading chatroom and newsletter.

Ashwanis brilliant academic background spans engineering and finance. He is BE (Electronics and Communications) from M.I.T. Manipal, 1993 and MBA (Finance) from Georgetown University, Washington DC, USA, 1995.

Ashwani Gujrals earlier two books, How to Make Money Trading Derivatives and How to Make Money Trading with Charts are established runaway bestsellers. This is his third book. You can catch up with his trading thoughts and ideas on his Twitter handle @GujralAshwani.

RACHANA A. VAIDYA is an independent full time trader on Dalal Street. A B.E. and MBA Finance she also has several financial market certifications. She worked in the corporate world for about a decade, including in Amul Industries, Kotak Mahindra Bank and Reliance Industries.

Rachana (www.dstreetwinners.com; twitter @Dstreetwinners) has worked on several technical research assignments with Ashwani Gujral.

Other Trading Books
by
Ashwani Gujral

How to Make Money Trading Derivatives

How to Make Money Trading with Charts

Dedication

This book is dedicated to the market whom I consider my foremost teacher.
It not only gave me name, fame and a livelihood but also lessons which I
then used in other areas of my life. Thank you for this enlightening journey.
Ashwani Gujral

To my Dad who bestowed me with business sense and blessings; to my Mom
for providing me with quality education; and with unlimited gratitude to
Ashutosh, my raison d'tre, for his unshakeable belief in me.
Rachana A. Vaidya

Disclaimer

The authors and the publisher disclaim all legal or other responsibilities for any losses which investors may suffer by investing or trading using the methods suggested in this book. Readers are advised to seek professional guidance before making any specific investments.

www.visionbooksindia.com

First Published 2018, Reprinted 2018

eISBN

eISBN 10: 93-86268-18-3

eISBN 13: 978-93-86268-18-1

Ashwani Gujral, 2018

ALL RIGHTS RESERVED. No part of this publication may be reproduced,
stored in a retrieval system, or transmitted by any means, electronic,
mechanical, photocopying, recording, or otherwise, without the prior
written permission of the publisher and the copyright holder.

Published by
Vision Books Pvt. Ltd.
(Incorporating Orient Paperbacks and CARING Imprints)
24 Feroze Gandhi Road, Lajpat Nagar 3
New Delhi 110024, India.
Phone: (+91-11) 2984 0821 / 22
e-mail:

Are you struggling to find your feet in day trading?

Have you been struggling to find a future in futures?

Or, looking for an option in options?

Well, then your search ends here. The entire theory and methodology in this book is designed to create synergetic combinations of tools, especially for day trading and short term trading. Timing is crucial in such trading, even more so in the futures and options segment. The combination of tools and skills described in this book will give you timely and accurate signals, for a precise entry into a day trade, its subsequent management and trade exit.

Why So Many Traders Fail in the Markets

This is a question that has bothered me for the better part of the last twenty years. There are more sophisticated and better technical analysts than I am out there but many of them have not been able to translate those skills into trading profits. Now, after twenty years of trading every day, I think I am beginning to understand why. Trading by its very nature has a fundamental underlying uncertainty to it. Most people, on the other hand, are comforted by certainty. This is because our minds are inherently trained to seek certainty. So when we suddenly come face to face with uncertainty, we try to find certainty and hence fail. In trading, most people try to find certainty by looking for new and complex theories in the hope that they will then always know exactly what is going to happen next. Such people not only fail in doing that, but they never are able to take trading up to a size which changes their life because in their heart of hearts they know that their new theories do not have the success rate they would like the world to believe.

My trading turned around the day I accepted that markets are uncertain and used simple techniques and played big. I did this accepting that I did not have more than a 60 per cent probability of success in any trade. Accordingly, I am always vigilant to the fact that my trade may not work and that I may need to quickly cut or change my position. This has given me much greater accuracy and profitability than all the technical analysis pundits because first, my losses are always in control and, second, when I get into a profitable trade I am able to run it hard, applying trade management to it. According to me, the reason most people fail is that they are all running in the wrong direction in their need for certainty and to be right.