Day Trading Futures

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stock72

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if market end in green tomorrow .. then till wed EOD we will be in terrible upmove .. will not surprise if we reach 8300

ya .. holding 8300ce there ..:rofl::rofl:


TR the silent killer, made 2000% in single day :clapping:

Originally Posted by TraderRavi View Post
not rocket call , I need pataal phod calls like OMSAI type sabse bada crash etc, you know I love PEs
 
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sudoku1

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Profits many can handle...but if in loss, if your family or others whom you interact with can makeout that you had a loosing day, then we are not matured as traders....same true with profits.Gamblers react showing too much excitement or too much dejection.

Smart_trade
its also bcoz dey swing trade wid their ever yo yoing emotions wch in turn mimic d ticker board :-D
 
I agree with every one charts absolute necessary. I started options 2 months back. I had successful trades with just events. I missed out unpredicted big moves which could have tripled my capital.

I'm in process of making web based tool to analyze options chain data to predict market movements. I will extend tool to charts soon. As I already said excels or softwares charts can't be used in office.

Henceforth my focus will be on charts. If required I will stop trading for couple of months to build my system and get in.

If possible kindly suggest kind of charts I should focus.
why dont you use smart phone for trading . Every broker has apps for sphones, i guess..you can watch charts on some third party apps .
 
why dont you use smart phone for trading . Every broker has apps for sphones, i guess..you can watch charts on some third party apps .
But the charts on third party apps are all delayed. Not suitable for day trading. Do you know of any such with live data that refreshes every second. The one with e signal call quotrek has some terrible review. Pricing in dollars . Any one knowledgeable can recommend.
 
I was fortunate to have been trained by one very senior trader and one of the best Eliott Wave Analysis expert. He trained me and another trader friend who was very arrogant and I learnt a lot from this great teacher and a fine gentleman. He taught me to be humble, to be always ready to learn, always have a second plan of action ready if the most preferred one fails, always be flexible in the market etc...

As both of us were taking EWT lessons and applying to realtime markets...many times we got absolute accurate entries and sometimes our analysis totally failed. But the arrogant trader friend thought that the market MUST behave as per his analysis and views. At one point of time , he rang up our teacher and said " Sir I have a good news for you " sir asked "what is the good news "? He said I just completed the market analysis ...and there are only 2 people in the entire world who know for sure what the market is going to do tomorrow...."

Our teacher was surprised by our trader friends ego and said" oh...that is great , but who are these 2 persons ? " Trader friend replied " One is me.....and the other one is you" ....our teacher gave a good laugh and said " boy...please exclude me from the persons who know for sure...that makes only you as the only person in the entire world who knows for sure what the market is going to do tomorrow....I never claim that I know anything for sure...I just assess the probabilities "

This trader friend later on his charishma and big talk joined a big group as a trading advisor and suffered huge losses...and had to be thrown out and he finally went out of trading business...the losses were so big that it made a dent in the group's networth....if only he had listened to the teacher's words and the meaning of those words, things would have been very different....

Real incident...

Smart_trade
 
Tomorrow Nifty is going to zoom up. Enough Shorts in the system to eat :thumb:

Just check the PE premiums that have risen.....I'm sure they will eat them given weekend and holidays ahead :)

Nifty will rise tomorrow maybe to 8150....lets see :)
 
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