How to trade without charts?

<p id="isPasted">Yes, trading without looking at charts is possible. Consider that charts are simply tools to understand market movements. The downside is that charts can induce panic in live markets, causing premature exits or triggering stop losses due to small fluctuations.</p><p>Now, let's think about another approach. Take the example of physical gold. Knowing its price history, value, and demand, you can confidently buy gold whenever the price drops, regardless of checking charts. For instance, if the price of 1 gram of gold is normally Rs 5000 but drops to Rs 4300 in a sudden market downturn, you may not need to consult a chart. Your confidence in the fundamental value of gold leads you to believe it's the right time to buy.</p><p>Apply the same principle to trading NIFTY, BANKNIFTY, or any stocks. Examine the weightage of NIFTY, select top stocks, analyze their performance and projections. Determine a price where you believe it won't go again in the future. Then Calculate the value of NIFTY or BANKNIFTY, and establish that the price will not revisit.</p><p>This approach prepares you for positional trading.</p><p>Similarly, in the short-term Trading (Intraday), focus on the value of your money, considering where you bought and where you anticipate the price to go.</p><p>My personal Advice, for day trading, you can look at stock Price or index prices, open interest, and gainer/loser lists for the day.</p><p>Hope it helps you well.</p><p>Wishing you the best of luck in your trading endeavors.</p><p>Keep growing, millionaires!</p>