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How to Trade Direction less Choppy Stock Markets


Look at BSE/NSE chart on 23-Jul-18 at around 1 pm – what trade an intraday trader would take? Buy or Sell?

Look at the ups and downs throughout the session. It’s up then down then up. I am sure even the algo-trading systems must be confused.

These choppy directionless trading days are most difficult for traders. These are not abnormal days. It happens 75% of the times. Only 25 trading days in 100 trading days have a clear direction. Rest 75 days the markets do not show any direction.

This is the reason I made a non-directional Nifty course. Our trades wins 75% of the times that too with peace of mind as they are fully hedged. You do not even have to check/monitor them continuously.

See these actual reaction of someone who did my course:

My course subscriber happy with tension-less trading strategies

These are the things you can do on choppy direction less market days:

1. Do Not Trade:

If you cannot figure out what to trade the best way to trade is sit and relax. No one is forcing you to trade. If the direction is not clear there is a 90% chance that your trade will hit a stop loss. So it’s better to avoid trading on days when the direction is not very clear. On these days check your previous trade records and see if they teach you something.

Learning from your own mistakes or mistakes of others is the best teacher of living a good life, trading, managing money etc. So do not waste time just go and check your own bad trades especially on choppy days.

2. Do Not Do Revenge Trading:

If you lost money on your last trade on a trending day it does not mean you should take a revenge trade on a non-trending choppy day. Remember your current trade has nothing to do with your past trades. Only you know your losses – Nifty or any other stock does not. So no revenge trading on a choppy day. Be ready to lose more.

One of the biggest causes of failure for new traders is not being able to maintain a positive results with their trading. Most traders make one month profitable then the next month loss exceeds the profits made in last month.

Consistency is very important in trading results. Even if you win 50% of the times, you can change your risk-reward ratio to make sure you win more than you lose and you maintain a consistency. If you do not maintain a consistency you will be in huge problem/debt one day.

You must be able to be profitable over a longer period of time only then you can try to be a full time trader.

3. Do Not Jump Stocks:

On a choppy day it is seen that most traders will jump from one stock to another seeing no movement. This is basically entering into a trade, then taking a stop loss, then entering into another trade, then taking a stop loss, then entering into another trade, then taking a stop loss. Do not forget that by closing and opening another trade you are paying brokerages, taxes etc. Jumping stocks trying to find a good stock to trade will take you nowhere.

If you do not have a proper trading plan or no good strategy, you will jump from one plan to another.

It is very easy to deviate from your strategy in choppy markets (like the overall market has been the past few months). Do not deviate from your strategy unless you get your profit or your stop loss is hit.

4. Do Not Do Adjustments if Not in Plan:

Most traders gets emotional when seeing a loss and adjust their trades which is not according to the original plan. Adjustments without proper plan will lead to more losses.

5. Do Not Take A Trade If You Are Not Sure Yourself:

If you have any doubt whether a trade is worth taking or not, just imagine telling your mom the setup of the trade. If you feel she will get confused do not trade.

In choppy markets traders overthink. Do not overthink or over complicate your trading.

An uptrend is an obvious series of higher highs and higher lows. A downtrend is the opposite. If you cannot tell whether a stock is in uptrend or downtrend – you will almost certainly get chopped up if you trade it.

6. Be Patient and Wait for Trend to Come:

You never know when a good trading opportunity will appear. No one can control trading opportunities. Therefore it’s good to be patient and wait for the right time to trade.

I can understand that staying away from markets is tough so on these days you can study your own trades and research on trading styles.

If you follow the above rules the choppy market days will not take your money away.

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Hi, I am Dilip Shaw, owner of this website. I am a trader like you. I have been trading since 2007, but lost a lot of money till 2010. I then stopped trading and studied options like college exams. Started trading again from 2011 and never looked back since. I did a lot of research, read books and did countless paper-trading before being profitable. You can read about me here.

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P.S: So many years of trading has thought me one thing - it is always better to make small profits month after month, rather than lose money month after month trying to make too much money. It never happens. But small money accumulated month after month can become very big in only a few years.

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About the author: I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

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