Read the Instructions given above before using the Gann Software for Daytrading
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How to use Gann Software for Day trading ?
Gann calculator is meant only for intraday trading.
Gann Day Trading Calculator can be used for finding Buy and Sell Levels of Stocks, Options, Futures and Commodities for Intra day trading.
Gann Software for daytrading is meant only for disciplined traders.
Only traders who can make timely decision can use it.
Traders who are not willing to book loss need not use it.
When levels are maintained for long time, quit the trade.
Select only stocks with high volume and sharp movements.
Timing is more important.Begin the trade 15 minutes after the market opens for regular trade. Square off your positions at least 5 minutes before the market closes.
To do intraday trading using this calculator, enter the LAST TRADED PRICE of the previous day and Click CALCULATE button or press Enter Key.
Professional traders can initiate trade even during the market hours when new levels are crossed or breached.
Novice traders can do paper trading (mock trading which is not executed) and learn how to become a successful trader by gaining experience.
Best Trading Strategies for Day Trading in share market
Due to the volatile nature of stock market there is no Guaranteed method to make profits with Stock Market. However you may enhance your profitability by following few or all of the below tips.
• If you are new to stock market, invest only the amount that you can afford to lose.
• Select only few liquid stocks.
• If you are already holding the stock wait for the peak or bottom.
• Watch the Index Support / Resistance and general sentiments.
• Never challenge the market and do not be over enthusiastic.
• In a highly volatile market place stop loss orders after long or short trades
• When the market opens trade on a stock based on the previous day's movements, Partially or fully cover the trade within half an hour.
• When the market is about to close trade on a stock based on the days movements.
• In a bull market raising stocks will raise further. Wait for correction and buy.
• In a bear market falling stocks will fall further. Wait for up move and sell.
• Stocks rise or fall prior to announcement of results. Have a knowledge on this date which will help in making decisions.
• Rising or Falling Stocks which shrink in volume indicate that the run is nearing final state. Watch for change in trend.
• If you think that you have made enough profit or loss stop trading.
• Watch the general sentiment of the current market and make a decision.
• Buy when the price is rising and not while falling. Keep the strict stop loss.
• Sell when the price is falling and not while rising. Keep the strict stop loss.
• Immediately after buying, place stop loss order with out delay.
• After the target is reached watch the movement of the stock and take a decision to Buy/sell.
What is Gann Calculator?
Gann Calculator is a tool used in financial trading to help predict future prices of stocks, commodities, and currencies. It is a method that was developed by W.D. Gann, a famous trader from the early 20th century. The Gann Calculator uses mathematical calculations based on price and time to predict patterns in the market.By using Gann Calculator, traders can make informed decisions about when to buy or sell their assets. The Gann Calculator is one of many technical analysis tools used in financial trading and is particularly useful for traders who prefer a more analytical approach to investing. While it may take some time to learn and master, the Gann Calculator is a valuable tool that can help traders become more successful in their trading endeavors.
Who invented Gann Calculator?
The Gann Calculator is a tool used in technical analysis to predict market trends and price movements. The inventor of the Gann Calculator was an American trader named William Delbert Gann, who was born in 1878.
Gann was a self-taught trader who used a combination of technical analysis, mathematical calculations, and astrological principles to predict stock market movements. He developed several trading tools and techniques, including the Gann Calculator, which he believed gave him an edge in the market.
The Gann Calculator is based on the principles of geometry and trigonometry, and it is designed to help traders identify key price levels and market trends. Today, the Gann Calculator is still used by traders around the world, and it is considered an important tool in the field of technical analysis.
Why Gann Calculator is also named as Gann Square of Nine Calculator?
The Gann Calculator is based on the premise that market movements follow specific patterns and can be predicted using a series of calculations. The calculator uses a grid or chart with nine squares, each representing a different price level. The center square represents the current price level, and the other squares represent price levels that are multiples of the center square.
The calculator works by identifying key levels of support and resistance, which are areas where the price is likely to encounter buying or selling pressure. Traders can use these levels to create trading strategies and make informed decisions about when to enter or exit a trade.
The reason why the Gann Calculator is also called the Gann Square of Nine Calculator is because of the way the chart is structured. The nine squares are arranged in a square pattern, with the center square at the center of the grid. This creates a 'square of nine' pattern that is easy to follow and helps traders quickly identify key levels of support and resistance.
Overall, the Gann Calculator is a powerful tool that can help traders make more accurate predictions and improve their overall trading performance. By understanding the principles behind it and learning how to use it effectively, traders can gain a significant edge in the market and achieve greater success in their trading activities.