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

[Gaur_Krishna]

Hi Dan Bro,

Had some questions to you, plz answer whenever you have time.

Just curious to know beyond NSE, in outside larger world which are the most liquid markets for intraday options trading? Currency ? Or any other Indices such as Nifty which offer very high liquidity? Can you list a few of them which can be traded from India?

This I am asking because, I have read in many of your posts that Indian Options Market is yet to mature. The possibilities available are too less and especially the margin requirements are high and non-friendly. (I mean if I sell one lot & buy 1 lot, premium received by sell is not considered....)

Regards,
Gaur_Krishna

 

[Taiki]

HI Taiki,

Thanks for your posts. You have a good trading system, closely following HPT
All the very best :thumb:

Regards,
Gaur_Krishna

HI Gaur Krishna,

Are you following HPT ?? By Marcel Link ??

Regards
Taiki

 

[Vertigo_1985]

What's your experience of using YTC method in Nifty Fut ? have been able to trade profitably?

 

[Taiki]

What's your experience of using YTC method in Nifty Fut ? have been able to trade profitably?

I have been using this system since 1 month now. Staying break even so far. Out of 4 weeks, 1 week in loss, 1 week in profit, 2 week in breakeven. And started my 5th week today.

The losses are not because of any -ves of the system but because of my -ves in controlling my emotion and lack of discipline. Working more on that part.

Regards
Taiki

 

[Vertigo_1985]

I have been using this system since 1 month now. Staying break even so far. Out of 4 weeks, 1 week in loss, 1 week in profit, 2 week in breakeven. And started my 5th week today.

The losses are not because of any -ves of the system but because of my -ves in controlling my emotion and lack of discipline. Working more on that part.

Regards
Taiki

I used this method for quite sometime on HDIL, it had decent volatility and was easier to trade . Have you considered other stocks or futures ?.
Have you given a thought to whether this suits ot your personality or not?

 

[Taiki]

I used this method for quite sometime on HDIL, it had decent volatility and was easier to trade . Have you considered other stocks or futures ?.
Have you given a thought to whether this suits ot your personality or not?

Yep brother,

I am liking this setup the best now, and I am loving it.
As of now not planned anything about other stock futures, I will keep trading NF for atleast 3/4 months to gain confidence, or lets say till i overcome on my other aspects like, early exit, bad entry, lack of disciplined etc etc.

Regards
Taiki

 

[Vertigo_1985]

Yep brother,

I am liking this setup the best now, and I am loving it.
As of now not planned anything about other stock futures, I will keep trading NF for atleast 3/4 months to gain confidence, or lets say till i overcome on my other aspects like, early exit, bad entry, lack of disciplined etc etc.

Regards
Taiki

My best wishes with you .

 

[Gaur_Krishna]

Not yet. I have just got a copy of this and started reading. But in intro he talks about multiple time frames .....

Regards,
Gaur_Krishna

HI Gaur Krishna,

Are you following HPT ?? By Marcel Link ??

Regards
Taiki

 

[Taiki]

Not in Delhi, then where are you based in?

Brother, I am from Odisha

Regards
Taiki

 

[Taiki]

EOD Summary

A bad day, Failed in execution part and paid the price for it.

Did 3 trades today 2 in profit and 1 in loss. Also missed the early fall from 5620.
Breakout/Breakout failure above 5620 was one of my trade setup area and I missed the breakout failure at 5620 in 1st 10 min, and missed some 40+ points of profit. :annoyed:

Trades marked in 3 min chart

Then 1st trade was the breakout of 5600, where I entered long at 5602, SL at 5595. The entry and SL was perfect, but failed to manage the trade perfectly. Exited at 5617 after seeing the inverted hammer pattern near 5620. Net gain = 15 points.

Then did the 2nd trade at breakout above 5620(above day's high), but NF failed to sustain above 5630, so this trade resulted in a scratch trade with 5 points gain. Exited at 5627.

For the 3 trade, I had sell stop order below 5615, which got filled and price reversed immediately after that. It hit my SL at 5625. Net loss = -10 points.

Trades marked in 1 min chart

After this 3rd trade, did not get any chance to enter when NF made the high of 5660. Net gain for the day is +10 points

Regards
Taiki