Learnings

Day one

1. Always use market orders. What we are doing is trading in a very short term trend. The only way to do it successfully is if the trend has already started and we are expecting continuation. Limit orders are perfect when we are expecting a reversal, as we are expecting the price to move in an opposite direction and then follow the desired direction. Market orders are perfect when we expect continuation of trend.
2. EMA(14) over 2 minute chart is the new stop loss and trade indicator.
3. Don't get emotionally involved with the trade. Don't expect the trade to reverse after you take a position or second position.
4. Reduce trading size to 20,000.
5. Trade option price of around 100 and target 5 points. Do multiple trades if required. If the market trends then increase the target. Do not increase stop loss.
6. Put stop loss.

Day two

1. Trade when there is no movement.

2. Always note the position of highs and lows before you trade.\

3. Trade by Invested amount, not lot size.

4. Try to buy when the stock is at low and sell when the stock is at high.

5. No trading in first and last 15 minutes.

6. Trade with the trend. If higher lows and higher highs are being made, then buy at low. Sell when a high of the same level is made.

7. Expect to capture one-third of the movement.