A plunge in Indian Stock market

[marimuthu13]

I mainly trade gold. What are the things which I can trade for make huge profit. Need Your suggestion.

to make huge profit, you may need huge captial, then proper MM..they u are set to get huge huge profit

 

[sspms2002]

Hi All,

Today was a heck of a trading day for me...It was a roller coaster ride of emotions...mostly on the low side..

the first trade gave me a loss of Rs 800 and the next Rs 300...i was pissed of..as in the second trade i saw profits but didn't booked it in hope that it will run more..and ultimately booked 300 loss...
This set the tempo for me...i started trading heavily...stocks were trading in a range...and i was buying or shorting them in hope of break out soon...i was only seeing price action....no indicators..

But the choppiness of the market forced or scared me to close each of my positions in loss..

and soon i was down Rs 1900..it was 12 PM then...
Really i was trading like mad man...with out thinking of the consequences...just wanted to trade with big size to get my money back...

I think that is the classic example of a new bee...

Nevertheless...i made one profitable trade of Rs 1000 and brought my loss to 900...

Then again i was struck in a losing position..total loss again = 1200.

I thought hard of using the indicators or some decision support system to enter trades...but my mind would not think too much...and i would just enter trades and then at sudden against movement...i hit my outs...

I then move to another stock and start trading it assuming it is right set up and would give me money...and incurred losses there too..

Some one rightly said...Scared money can never win money...

I tried to compose my self...

just before closing for the day at 1 PM..i got a few more positive trades that would just recover my losses..and ultimately closed for the day..

Stock Traded : DLF , HDIL , BHEL and many others..
Total P&L : Green 4 after commissions..


That was one hell of a movie..the MARKETS...

 

[sspms2002]

Hi Traders...
I have questions for you..

How do you all accomodate big size BUY or SELL when taking position.
Not many stocks show size of 500 or 1000 on inside bid or ask...and i suspect if we place big size order it may drag away the market because of our entry...

Do you guys put split order or put LIMIT order for the whole quantity?

 

[throwawayacc123]

Hi Traders...
I have questions for you..

How do you all accomodate big size BUY or SELL when taking position.
Not many stocks show size of 500 or 1000 on inside bid or ask...and i suspect if we place big size order it may drag away the market because of our entry...

Do you guys put split order or put LIMIT order for the whole quantity?

trade futures if you want bigger size of share. 1 lot can contain anywhere from 125 to 4000 depending on the stock.

Calculate your position size and if it crosses 100 for any stock..its better to trad e futures..

 

[sspms2002]

trade futures if you want bigger size of share. 1 lot can contain anywhere from 125 to 4000 depending on the stock.

Calculate your position size and if it crosses 100 for any stock..its better to trad e futures..

Thanks for replying..
I am new to trading ..but have little idea on Stocks..and nearly no idea on Futures..

Can futures be traded just like stocks? All Indiactors , graphs etc also applicable to them?

Do you guys see any advantage of trading futures as opposed to Trading equities with big size? (like 1000 shares)


Are the futures linked directly to stocks? In the sense that if a stock moves up the futures will also go up or is it vice versa?

 

[throwawayacc123]

Thanks for replying..
I am new to trading ..but have little idea on Stocks..and nearly no idea on Futures..

Can futures be traded just like stocks? All Indiactors , graphs etc also applicable to them?

Do you guys see any advantage of trading futures as opposed to Trading equities with big size? (like 1000 shares)


Are the futures linked directly to stocks? In the sense that if a stock moves up the futures will also go up or is it vice versa?

ok Google is your friend…it will answer all the above much better than i can.

 

[sspms2002]

Sure i will find out more abt it..
From outset , i have always been told that Futures are more risky..and we can lose a lot of money in futures..

 

[sspms2002]

Today's trading brief:
Today was also tough day for me..I started watching the market after 10 AM..the first move of the market was over by then..

I started looking at TATASTEEL , BHEL , DLF...after a positive start of Rs 300, i moved into losses..

I guess i also have started trading aggresively on a 1 min chart..which gives a lot of Noise and also the market was choppy...

I moved from Positive to Negative territory very fast..just booking stops whenever market/stock was haywire..

I went down to 1600 and then got a good trade in ONGC for Rs 1000..
was negative 600..but i was not happy with a red close...so started scanning new stocks and taking positions wihtout watching much the movement..i was just relying on the Pattern of candlesticks..
I just leant that every stock has got a personality and i need to watch the stock for at least 5 mins before taking position..Dammn its too hard and feels like just getting into action..and then at slightest away movement..book losses....

Anyways i booked more losses and finally closed Negative.

Stocks Traded: DLF, ONGC ,TATASTEEL , BHEL
P&L : Red 1901 after commission.

Will try to play more composed and will take small positions to enter tomorrow..that way i will not be scared out of trades...

I am totally against Averaging...i am not sure what Other traders feel about it?

 

[timepass]

I am totally against Averaging...i am not sure what Other traders feel about it?

Are you trading equities or futures ?

 

[agsuresh]

Today's trading brief:
Today was also tough day for me..I started watching the market after 10 AM..the first move of the market was over by then..

I started looking at TATASTEEL , BHEL , DLF...after a positive start of Rs 300, i moved into losses..

I guess i also have started trading aggresively on a 1 min chart..which gives a lot of Noise and also the market was choppy...

I moved from Positive to Negative territory very fast..just booking stops whenever market/stock was haywire..

I went down to 1600 and then got a good trade in ONGC for Rs 1000..
was negative 600..but i was not happy with a red close...so started scanning new stocks and taking positions wihtout watching much the movement..i was just relying on the Pattern of candlesticks..
I just leant that every stock has got a personality and i need to watch the stock for at least 5 mins before taking position..Dammn its too hard and feels like just getting into action..and then at slightest away movement..book losses....

Anyways i booked more losses and finally closed Negative.

Stocks Traded: DLF, ONGC ,TATASTEEL , BHEL
P&L : Red 1901 after commission.

Will try to play more composed and will take small positions to enter tomorrow..that way i will not be scared out of trades...

I am totally against Averaging...i am not sure what Other traders feel about it?

What tools are you using ? (platform, brokerage, charts , indicators, support & resistance Indicators)

How do you chose the stocks for trade ?

If you are telling the truth about what you are doing, your capital will not last for more than week. It is time you learn the driving before venturing into the streets.