Intraday Trading Strategy using RSI | How to Use RSI to Make Intraday Trading Less Stressful | Ep.72

In this episode, Indrazith Shantaraj discusses his journey in the markets, focusing on intraday trading. He highlights two key mental blocks and emphasizes the importance of clearing them for success. He also outlines four concepts for designing a trading system and shares his RSI-based intraday strategy. Utilizing a non-conventional approach, he explains entry, exit, and trailing stop-loss rules, preferring the 15-minute time frame. Indrazith also presents backtest results, showing profitability in 9 out of 10 years (2010-2020) and discusses money management and position sizing rules.

We’re certain that in this episode we have provided valuable guidance for all intraday traders to enhance their profitability.

Watch the second episode: https://rb.gy/04lhaq

Timeline:

00:00 Introduction
01:58 Indrazith's journey in markets
06:36 mental block in intraday trading
10:14 removing the mental block in intraday trading
16:47 traditional use of RSI
19:07 parameters to design a trading system
25:59 RSI Intraday System
29:39 Backtesting
33:29 Money management rules
35:40 Highlights and a glimpse of the next episode

About @indrazith787

Indrazith Shantharaj is a former IT professional with 10 years of experience based in Bangalore. He has been an intraday trader for the last 6 years. He uses the market profile for trading. He is also a best-selling author. He has written 7 books so far with a couple of more in the pipeline.
His site, www.profiletraders.in @profiletradersbyindraziths5665 helps many traders with quality articles, and insightful posts about the market profile, order flow, and intraday trading. He has voluntarily opted to pursue a full-time career in stock markets, which is his subject of passion and expertise. He likes to travel, meditate and practice yoga when not active in markets.

About The Right Choices with Oracles of Dalal Street

The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Head of Market Perspectives & Research at Samco. He has more than 13 years of experience in financial markets. Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you.

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