I use a probability-based strategy where I enter at the 10:30 candle to allow the trend to confirm. For downside trades, the price should be below the VWAP, and for buy trades, it should be above the VWAP. When trading Nifty, I set a fixed stop loss of 750 points, while my profit target ranges from 2200 to 3000 points, ensuring my potential profit is more than three times the risk taken.
I strictly follow my stop loss—if it hits, I do not hold or take new trades until the next day. I analyze every trade carefully and review my performance after every 10 trades. You can buy my trading journal where I have detailed all these rules, helping you apply this strategy to trade with discipline and aim for consistent profits.