9:20 Scalping Trading Strategy | Earn Money in Stock Market for Beginners

Well, there are many of you who are new in trading and want to know if we can find a strategy for trading Which will make us money and we can also learn quickly. See, there are many strategies in the market, you can learn. But in today's video, if you are a beginner, then I am going to give you an entry level strategy For which you don't have to use any indicator. You just have to follow the price action. And following the price action, whether money is made or not, we are also going to see in this video. So the strategy is very simple, I have just done one twist in the strategy. And because of that twist, you will see that it has become a little more profitable. So I am going to explain the whole strategy to you step by step. It's amazing that people come at 9.15 in the morning and want to trade in the stock market. So this strategy starts at 9.15. So when the market is starting at 9.15, then what you have to do is take care of these things. The second thing is if you are interested in scalping, that is, on a small time frame. That there is a profit within 1-2 hours. So for that, you can see on my screen here, we have taken a 1 minute time frame. Means money can be made on a small time frame. So this is a scalping strategy. What is the strategy, without wasting any time, let's start. So the name of this strategy is open range breakout. So we trade the breakout of the opening range. Now what you have heard, or maybe you have heard this strategy for the first time. There is a twist in this, I will tell you. So the first thing we are doing is what is open range? The market opens at 9.15, so this is the candle of 9.15. Now look, I have to take the candles ahead. And we will do its backtesting. So I am making this video on 27th March. I have taken the data of the last 10 days here. So we are starting from 18th March. So we are seeing from 18th March, this is the chart of Bank Nifty. This is our candle of 9.15. The candle of 9.15 is our first one minute candle. What will you do first of all, you will mark a low. I have marked a low here. Now after 9.15, what are you going to do? 9.16, 9.17, 9.18, 9.19 and 9.20. So when we talk about open range breakout, this is the starting range. So the market has given this movement from 9.15 to 9.20. So we had a low and there was no high or low in between. So I will put a high above this here. Now look, because we are on a 1 minute time frame, now we have to see what happens next. What will we do in this strategy? Most of the people wait for the breakout of this range. If it goes up, then we will take the trade above. If it goes down, then we will take the trade below. We will not be in a hurry. What we have to do, if we understand the price action, then you understand how the price action reacts. The price may give you a breakout above here first. Or give a breakdown below. But the price comes up to retest. And then it goes down again. So our trade will be somewhere here. If the price goes up, we will wait for the retesting to come down. And then when the price starts going up again, then we will take the trade here. Instead of taking the trade here. So what happens to the trap? Most of the people take the entry immediately after the breakout or breakdown. You don't have to take this entry here. You have to take the entry after retesting. So that will be the perfect setup. Let's move forward and see what happened. So we marked a high here. Marked low. And now we start moving forward. So the price is going up. What are we waiting for? Yes this. So here our price first broke out. And came down again. So you can say that this price has retested here. And the second candle that you can see is a bullish candle. Point no. 2, this candle is a hammer type candle. So you can see a hammer formation. After that you can see a bullish candle. So now what can you do from here? You take a bullish entry from here. So let's assume that we took a bullish entry from here. And we also put our risk reward ratio here. I took a bullish entry here. This became my SL. And I want a risk reward of at least 1 is to 3. If you are a beginner, you can also take 1 is to 2. But I want this minimum. So now if my price is my SL from here, If it gives me 1 is to 3, So this trading setup will be complete for me. Now see what most people do, As soon as the breakout came, they took a trade. Then they see that the price is going down. But we have taken a trade after a little patience. Let's see what happens next. Okay, let's continue from here. So our target has not been achieved yet. Waiting. It has almost reached the target. Almost done. I think so. So here you can see that after going to this candle, Your trade has been executed here. And according to your 1 is to 3 risk reward, You have got a profit here. Now see how much time it took. The trade you took was almost at 10 o'clock. And your trade was done here in almost 2 hours. So within 2 hours you have got your profit. And you are done for the day. Your work for today is done. If you wait more and you say that I can trail. Okay, if you want to go to a little advanced level, You can trail. But your profit has been achieved there for today. Now let's go to the next day. This was our trade. This was on the 18th. Let's go a little further. And let's go straight to the next day. And let's try the same setup for the next 10 days in a row. Okay. So our day is over for today. Okay. Done. This is your 9.15. Okay. So this is your first candle of 9.15. This is your first candle. Okay. We will continue. We have got an open range from 9.15 to 9.20. Here we will put a line. This is our low mark. This is our high mark. Now what we are required to do. We have to wait a little. We don't want to get trapped in sideways. Because if you are doing scalping, you need quick momentum. To make money. So if the market will run in this range, we will not take any trade. Let it run. Now I don't even know that the price will go up or down. I have not even memorized so much of the charts. What happened then. Okay. So the range has broken out here. The price is going up. Should we take a trade? No. We will wait. Let's see what happens next. We have not made any trade yet. Okay. No trade. Alright. So you can see this whole day. We have not got any trade. So this day is over, my brother. And. We did not get any trade. And in fact we have gone to the next day. Now in this whole day, someone will say that I would have been selling options. I would have got the money. But the setup I am telling you, there was no trade according to my setup. So there is no trade in today's day. Although the strategy I am telling you. Is it the answer we have to follow in one index? No. You should put 4-5 charts. And this works very well in stocks. So if you look at multiple stocks. Those who have good liquidity. If you take Nifty 50 stocks. So this strategy will work very well in them too. Right now I am talking about an index. Like for Nifty. We are talking about Bank Nifty. So there was no trade on that day in Bank Nifty. No problem. We have come to the next day. Let's see here. So this is a candle of 9.20. And this is our candle of 9.15. We will quickly mark high and low. This is our low. This is our high. And let's see what happened ahead. Okay. Let's move ahead. So this is our small range. It is a very narrow range. Let's see what happens next. Okay. So the breakdown has come. The price has gone down. Should we take a trade now? The price has definitely come up to retest. Okay. Done. So I just showed you here. It went down. Retesting is done. I can take entry on this candle. It went down while running straight. So I can take a trade here. Now I take the position of short here. Okay. I took a short here. This became my SL. Okay. Now I need at least 1 is to 3. So my 3 is made here. Okay. Let's wait and see what happens. Okay. It has almost touched SL. It became SL. So this day our SL got hit. We made nothing. And this day your SL got hit here. Okay. You have not got profit. So somewhere I would have cut here. This was also good. But no. This day our SL got hit. In this strategy. So there is no trade here. And we will take a trade of one direction in this. It is not that it went up. Now we would have made a profit for the day above. Or we would have got a very good profit. You can leave the trade of that day. There is no problem. SL is done. Okay. Now we will go to its next day. Let's see what happened in this strategy. Okay. So now we have come. Now one day profit happened. One day we didn't make any trade, and the other day we got our S.L. So we came a little bit ahead In this, it's okay We are starting from 9.15 So this happened earlier This was made here So this was a candle of 9.15 And by 9.20 We came here So this is a candle of 9.15 Let's take a high low from this See how big the wick is It's wick is very big It's wick is almost up to here It's 9.15 And it's high So this is it's wick This is low, it's range is very big And this is our high So here already candles are made You can see that the price has gone up Here also we took retesting Now ideally people will say That I am seeing better retesting But it's not like that So according to this We saw that it got retested And after retesting The next candle goes down And this is green candle formation We saw that the price is going up We take entry here Now when we are taking long entry You are taking long entry here So if you see S.L. It's a very small S.L. It's a S.L. of 25 points So either you have to see here Whichever is the closest point That you can take S.L. from here But according to me it's a bank nifty trade Minimum you should keep S.L. of 50 points Otherwise your S.L. will get hit Very frequently So if you keep this S.L. So this is a legitimate S.L. Now you have already seen We will move ahead from here What happened next What happened after this After this there is candle formation And our risk reward didn't match here So we need risk reward 1 is to 3 Is this hit or not We haven't seen this So let's see what happened next Just a second Let's move back Our entry was on this candle And let's continue from here So price is moving In our direction We are waiting for the target and target hits So here our 1 is to 3 You will say that I want to trail from here So if you are a beginner But if someone wants to trail He can do it So you can trail your profits And this day is a very good moment So profit will be made Definitely Today's is done So I am more interested Let's move to next day But this day Who booked profit with trail He must have booked well So let's go to the next day So here is our next day And this is our gap up So this is our next candle 916, 917, 918, 919, 920 So you have to do the same Either you marked low Or you marked high And now you are sitting quietly Let's see what happens next So we are waiting for the next candle So this is the breakout Will we take the trade The answer is no, we will not take the trade So here we are seeing That price came down to retest If there is a green candle formation We can execute our trade here So now it has become red There is no problem We executed our trade here Same We take long entry here Ok Now we will keep a minimum of 50 points It will be a very small sell It is not small, it is already 64 points So this is fine And here our trade will be 1 is to 3 So This is our 1 is to 3 Ok This is done, our entry has come And now we move ahead Ok So let's see What happens This is your target And how long your target is It is very important to see Your target is up to 950 So you are done for the day After that the experts can do their trailing But it is done for the beginners For those who are trading with less capital This is a very popular strategy I won't say this is my strategy This is a very popular strategy But in this strategy I saw Don't take the trade as soon as you enter If there is a breakout and you take the trade If you read 90% on the internet If you watch videos, everyone will say Just take the trade as soon as you enter And then there is a loss Otherwise if you talk about this day And if you know trailing If you are watching This is your 1 is to 10 trade I won't say you will get 1 is to 10 trade But yes this was So let's continue What happened next We are more interested in next day After this We have to wait for the next day Today is done So this day is over We came on 25th Here is the candle of 915 And we are waiting for 920 So here We will mark low and high Low High Very small range Let's see what happened So you saw The range is breaking down It went down But no entry We are waiting So it came back There is no trade yet Because after coming in, it did not go down Now it is going up Now it went up Ok Ok So it has been retested Now it gave breakout for up Retested We will take the trade of up So let's take the trade of up Let's see what happened So here we took the trade And this is your sl Which is coming It is coming for 68 points So you can keep it according to you Whatever sl you are keeping I say at least 1 is to 3 We need this reward ratio If we are trading on setup Now let's see what happens next Ok Ok No profit has come yet Your sl is done So your sl has been hit There is no profit here So we are done for the day I don't have any problem I don't have any problem It is ok for me Now it is moving in the range So there is no such strategy That there will be profit every day You should accept it Ok, today's day is done If you are trading in multiple stocks Don't start fighting with the market You can choose to work in 5 or 10 stocks It is not like If I get sl in 5, then I look for 5 more So you will keep fighting with the market You won't be able to make profit You should wait So our day is over here And our day has started again This is our candle of 9.15 Now after 9.15 9.16, 9.17, 9.18, 9.19, 9.20 We have Candle of 9.20 This is our high And this is our low It is a very small range Let's remove it Ok So this is our very small range We have come on 26th Let's see what happens next So it went up Very good, it is getting retested below We will wait The price of the range has come back There is no trade There is no trade Ok We have not got a trade yet We have not got a trade yet Alright, so we are moving ahead And till now We have not got any uptrend Ok, so here you can see Now this clear cut breakout has come Will we take entry here The answer is no This is what I told you, what most people will do Open range breakout Let's take entry on the breakout When do you want to take retesting, let's wait Retesting ok So the price is coming down, well and good Ok, so now If it goes up from here, then this retesting If it comes in the range again No trade, ok So waiting Waiting And now it has not gone up Ok So now what happened, see here Why do people get trapped In open range breakout strategy This was our range It went up here too, but came back down Nothing happened, it kept rotating here Around our range, went up We were waiting for retesting From here it seemed that retesting can come But we did not trade We waited, no trade Now it has come down Now what we will do, it has broken here The price has come up again Now if it gives confirmation for down We can take trade for down Because it broke for down, we wait Ok So again no trade From here you We need a red candle for down Rotating near the range Rotating near the range Nothing, no trade Ok, so it has come down Now if we get Any retesting here, then we will take trade Ok So this was almost The place where we could say That the price went down and again Has come up for retesting If you want to take a trade here On this red candle, then you can take Your entry can be done from here If I take a short entry here Somewhere here Then what will be my SL You can take a minimum of 50 points SL Or the last you can take it there so we have kept almost 50 points so we according to 1 is to 3 we need this much target ok so let's continue from here what happened next ok so till now our target has not been achieved you can see the volume here till now your target has not been achieved just touched that target and left still waiting done this is your approximately here around 1 o'clock your target has been achieved now someone will say that I can trail you can trail, there is no problem in that but the point here is that here according to 1 is to 3 your day is over now you should wait for the next day so we are almost on today's day and today on 27th the day I am making the video if you would have traded on this strategy then what would have happened so it's 3 o'clock and this is going to be the end of the day ok done so today we all know that if you have tracked today this is ours although today's market we know that you are watching this video later but this is our first candle of 9.15 9.16, 9.17, 9.18 9.19 and this is our candle of 9.20 so we will mark high and low this is our high this is our low it's a small range, we will wait for it to break out ok this is above the range almost it has broken out now if it retests yes done so now it has broken out, it was sustaining the price comes down and here it shows me that the price is going up I get a green candle I take a long trade here and my SL will be around 50 points ok long trade so here I take a long trade my SL is around 50 points or I will have to take the one below it this is 80 points SL so if my SL is 80 points then my trade will go according to 1 is to 3 which is somewhere here let's see what happens in this we have taken the trade ok so price is going around ok it comes down again ok till now your target has not been hit yours will be above 51 725 ok till now it has not happened according to me yours is above 12.5 but your price is still going up just let's see till now it has not happened till now your target has not been hit it's here your target has been hit here ok so this happened almost the whole day was over now you will not sit here for so long because you were scalping you can say that someone was selling so he has made a lot of money but if we simply long futures or if you buy options so sitting for so long is not right I will say ok target came at 3 o'clock but this trade should be around 2 hours so if within 2 hours your profit is being made you took this trade almost where did you enter on this candle at 9.40 so till 11.40 you see till 11.40 what is going on if around 11.40 there is a market so if your profit is going on and you think it's been a long time because market is not doing momentum after that so you can leave if you want although target has been achieved in this trade but I will still say because if you are a beginner so it will work you are a beginner you can take 1 is to 2 I said 1 is to 3 because if you have losses because hit ratio of this strategy is good so you will make money in long term now what will happen with this in starting you do paper trade you do demo trade there is no need to put real money I will not tell you that trading is such a thing with this you will make a lot of money it is actually very risky and this strategy my brother if you are liking this this is a beginner level strategy means this type of strategy many people get in this market but more complex and more modified there are many strategies in market on which people trade so if you are new and beginner then use this strategy if you feel from this strategy that yes I am making profit your interest will start developing because interest will come you will go towards good strategies you stay in stock market keep learning this if you want to learn in detail you can call this number and if you want to make your own algo you can use this on which you in nifty according to your logic first create your strategy go to my strategy you can create your strategy then you back test it is this strategy profitable or not if you feel your strategy is profitable then you can do paper trade first I told you to do paper trade and then you can deploy it like this was a price action based strategy soon you will get price action based strategies now you can use indicator based time based and soon you will get price action based so if you want soon price action based strategies that you can make your own and you can get it in templates then comment price action finally if you like this strategy then share it you can like this video and soon we will meet in next video in which we will discuss more strategies so subscribe and click on bell icon if you want to learn option trading in detail then we have made a playlist on screen and card you will get link on cards you can go and watch playlist and learn so we will see you in next video till the time you can use algoroom software and you can call on this number if you want to learn stock market step by step so see you in next video till the time you go self made and Jai Hind