Question submitted by Suki - 10, Sep 2014

Day trading

Is it a good idea to do day trading while the market is bullish?

Suki,Harish - answered the above question

  • Suki (11, Sep 2014):
    Ok, thank you.
  • Harish (10, Sep 2014):
    Having strong directional bias during day trading can be suicidal. You need to capture small movements when the opportunity arises depending on your trading strategy and willing to change the direction of trade in accordance with what you see on the chart. For day trading it doesn't matter whether market is bullish or bearish, you just need the securities in which you trade is volatile enough to capture the movement. When you are new to day trading, if market is exhibiting strong trend  you can avoid taking position in opposite direction