A new Life, A new Career, A new Dream - I am a Trader

[avny]

Hi

I just was reading that comment in a book and I thought this is worth to post specially in this thread and what is going on in the live of Taiki

IT IS NOT THE STRONGEST OF A SPECIES THAT SURVIVES, NOR THE MOST INTELLIGENT. IT IS THE ONE MOST ADAPTABLE TO CHANGE, THAT SURVIVES.

Charles Darwin

Its wonderful Dan bro :clap::clap::clap:

and it is equally applicable in TRADING also

thanks

 

[josh1]

Hello Guys

But I can not be kept in the harbour forever.
I Promise, I will be back.

Regards
Taiki

You have to..dear.....as ST bro says....."Once a trader,always a trader".....Traders likes give order.......not take order.....:thumb:

Yes dear you will come back. It is easy. I have made so many come backs.
बन्दर कितना भी बूढा हो ! गुलाटी मारने को नही भूलता.

 

[jamit_05]

Taiki my friend... you have great attitude and that is the most important quality every successful man has. But, you currently feel far from being successful and let me assure you due to your never-die attitude, this phase is only temporary.

Hai sitam ki raat abhi dhalneko,
Hai andhera gham ka pighalneko,
Zara der isme lage... magar,
na udas ho mere hamsafar... na udas ho mere hamsafar

You have decided to get a job and that is nice. It will make your mental structure stronger. But, do not take this decision because someone is pressurizing. Do it out of your own volition, take 100% responsibility for your choices.... and that is the first lesson is Real Time trading!

Be good.

Regards,
Amit.

PS: You put a lot of sincerity in trading in the last 6 months. Let me be frank. 6 months is not enough. A longer, a much longer timeframe is required. So in the next innings come fully prepared.

 

[arcus]

Its such a shame that a good trader like you has to quit trading. A small advice from me though. Keep track of the markets and if possible trade higher timeframes. Its possible to trade higher timeframes even with a regular job.

If you stay away from trading for too long, you may forget your skills and would have to start over again.

Best of luck,
arcus

 

[Taiki]

Hello Everyone,

I am back....

November and December has been dramatic so far. We have seen two sell off (nov 1st week after Diwalli & Dec 2nd week after Nifty touching all time high).
Additionally when I came back found Raj bhai has got banned (), Dan bro is missing as well. But happy for Ravi bhai, and TP bro making profit in NOV.

Coming back to business now, as I have taken other tasks at hand as priorities, But I don't want to (I cant) leave trading all together. So I am planning to switch to longer time frame chart like (daily/weekly), and trade the swings there. (As few of the members here have proposed already)

Now before I start making my goals & strategies for swings, I have few questions in mind, I hope seniors and experienced traders (who have tried these things before) can guide me here.

1. Lets say I am trading on daily chart, After a buy/sell setup has formed, what will be the appropriate time of entering into the trade ??
Next day' open or during closing hour ?? (Assuming I may not get time to catch the intraday reversal and can not enter early).

2. What are After hour orders ? Let say I did not get time to enter during closing hour as well, and tomorrow I am expecting market to start with a gap. I would not like to miss the points. I guess market hours get executed on the next day. So how can after hour orders help a trader ??

3. I know there is nothing absolute right/wrong in market, But is it advisable to use indicators on daily chart for trading purpose ? Or simple price action, price-volume analysis, and channel/trend line will suit the purpose better ?

4. Lets say NIFTY is preparing to go up. So trading from long side which one out of this two should one chose and why ?

a. Having long position on NIFTY future.
a. Shorting deep ITM PUT options. (Often deep ITM options get reduced by same points as that of Nifty has travelled up. Plus the premium eating during choppy days stays in our favour. But often these option do not have a good Bid/ask spread)


Regards
Taiki

 

[Happy_Singh]

Hello Taki

Even when you are using daily/weekly charts no need to act after the event.

For e.g. if as per your method the trend changes on BO of a specific Level
you can keep resting (SL-M) orders into the system . . .

But as you are trading Daily/Weekly, don't depend exclusively on Breakout Entries . . .
(if that is what you are planning to do)

Ideally divide your quantity into say 3 parts, take the BO with 1/3rd so that you are positioned in right direction . . .
and then look to enter on pullback (use resting limit orders in the system) and rest 1/3 on further confirmation,
this way the trades that directly go and hit the SL (around 30%) will be with only 1/3 of quantity . . .

If you are trading the HTF charts, you can utilize the S/R areas from lower TF charts (15-60 Mins, contra trend moves) to position you limit entries.
As you have been trading the intraday TF, you are already aware of the liquidity pools around the typical SL placement areas . . .

Happy

 

[AFORASTRO]

Hello Everyone,

I am back....

Additionally when I came back found Raj bhai has got banned ()
Taiki

bro if you mean Rajgreenpeace sir than he is back as poor trader from greece(par unko hindi nahi atiii hai abb)
hope you don't mind a stranger in your thread....... i used to follow your thread par bada dukh hua when u left tj

 

[TradeJoker]

bro if you mean Rajgreenpeace sir than he is back as poor trader from greece(par unko hindi nahi atiii hai abb)
hope you don't mind a stranger in your thread....... i used to follow your thread par bada dukh hua when u left tj

some other names of rajbhai .... garib vyapari, international trader , agent sri sri etc. :lol:

 

[AFORASTRO]

some other names of rajbhai .... garib yapari, international trader , agent sri sri etc. :lol:

:rofl::rofl::rofl::rofl::rofl::rofl: acha .....main bekar me khali pili sad ho raha tha unke ban hone pe

 

[Tlahuicole]

Hello Everyone,

I am back....

November and December has been dramatic so far. We have seen two sell off (nov 1st week after Diwalli & Dec 2nd week after Nifty touching all time high).
Additionally when I came back found Raj bhai has got banned (), Dan bro is missing as well. But happy for Ravi bhai, and TP bro making profit in NOV.

Coming back to business now, as I have taken other tasks at hand as priorities, But I don't want to (I cant) leave trading all together. So I am planning to switch to longer time frame chart like (daily/weekly), and trade the swings there. (As few of the members here have proposed already)

Now before I start making my goals & strategies for swings, I have few questions in mind, I hope seniors and experienced traders (who have tried these things before) can guide me here.

1. Lets say I am trading on daily chart, After a buy/sell setup has formed, what will be the appropriate time of entering into the trade ??
Next day' open or during closing hour ?? (Assuming I may not get time to catch the intraday reversal and can not enter early).

2. What are After hour orders ? Let say I did not get time to enter during closing hour as well, and tomorrow I am expecting market to start with a gap. I would not like to miss the points. I guess market hours get executed on the next day. So how can after hour orders help a trader ??

3. I know there is nothing absolute right/wrong in market, But is it advisable to use indicators on daily chart for trading purpose ? Or simple price action, price-volume analysis, and channel/trend line will suit the purpose better ?

4. Lets say NIFTY is preparing to go up. So trading from long side which one out of this two should one chose and why ?

a. Having long position on NIFTY future.
a. Shorting deep ITM PUT options. (Often deep ITM options get reduced by same points as that of Nifty has travelled up. Plus the premium eating during choppy days stays in our favour. But often these option do not have a good Bid/ask spread)


Regards
Taiki

Ahhah Taiki bro back , All the best bro. However, not able to advice on your query as I do only short term trading where even I have to be watching 30 min and hourly charts.

Keep in touch bro

I do use