Day Trading Futures

[sach007]

I dont come to the thread when I am trading...Only when I book out my trades I drop in....reading/replying posts while trading is very disturbing for me.

ST

So... now we got the POINT...

ST Da...

When you are not replying immdtly...


We can assume tht u r in a trade...

 

[simplebuthard]

Yes, these are scalps. For scrips in 150-300Rs. range, the order is placed with target, say 120 pts, and SL 40 pts and TSL 20 pts. (It is variable depending on the value of the scrip and lotsize). That is the problem with intraday, managing SL. You never know when it gives you a jhatka before resuming its trend.

The target at present being simply to earn something, at present I get out whenever it starts looking a bit uncomfortable, which is maybe 1 min from buying/selling the future.

I know that TSL is the right way to do it, but for that I have to be mentally ready for a 2000Rs. dip, which I am not yet ready for. For some days, let me just make some money, anything however small, and withdraw some. Then maybe I will start more technical trades.

Hi Timepass ji, Great that you are able to quickly within 1 min you are closing the trade in case the trade goes uncomfortable. That is a must have quality for being a great scalper.

To manage dip of Rs.2000, yes I understand that you will be able ready mentally when at least you fund your account Rs.50,000. So I understand that when future permits you fund that money, you will be able to perform a good record of earnings as a scalper.

Yes, they can be scalps. When I said improve performance, i don't mean to convert scalps to other type of trades. Scalps should be scalps. But at such of your 40 pts SL is terribly bad to swallow your 4 day profits in the fifth day. So you must be playing like Bharadwaj as he in most cases not let run the profits to turn into a loss.

I knew that once you practice this scalping well for few more weeks and able to fund your acct as needed, you will be doing as a superb scalper. Congrats for that. Apart from being as a scalper because of less funds, if you really like being a scalper and love it the way as it is, you will do great and you won't want to change to some other trader type.

Go for it. :thumb:

 

[sudoku1]

So... now we got the POINT...

ST Da...

When you are not replying immdtly...


We can assume tht u r in a trade...

bt wat if its SAT or SUNDAY ?:-D

 

[Smart_trade]

So... now we got the POINT...

ST Da...

When you are not replying immdtly...


We can assume tht u r in a trade...

Generally yes but not always...being a Moderator I have mastered an art of selective replying...:lol:

Smart_trade

 

[XRAY27]

Has anyone tried trading in specific time of the day and stopping after that time like trading first two hours or last two hours?

Have been trying to do this but unsuccessful :annoyed:

I have trading that offcourse part of my system...9.15 to 10.30 and 1.30 to 2.30..these trades are very successful..
Trades done after 10.30 and after 2.30 are very much teaser..but every thing is PAT..no indicator and not Gann based

 

[Smart_trade]

bt wat if its SAT or SUNDAY ?:-D

Saturday and Sunday are for family and friends, going out etc....dont want to get involved in trading/TJ on Sat/Sun...There is much more in life than trading and Traderji...

ST

 

[timepass]

As the trade book will tell you, all the 1 min. trades were profitable (however small), and the one I held for 6 min was in loss. That too, I exited because it wasn't comfortable, didn't wait for SL. That trade cost me a good 300Rs. loss of the day's profit.

With a capital of 5-6000 Rs., I am ok with 100-200Rs. profit.

But what I must work on is my recent phobia for shorting futures. Will overcome it.. slowly.

Hi Timepass ji, Great that you are able to quickly within 1 min you are closing the trade in case the trade goes uncomfortable. That is a must have quality for being a great scalper.

To manage dip of Rs.2000, yes I understand that you will be able ready mentally when at least you fund your account Rs.50,000. So I understand that when future permits you fund that money, you will be able to perform a good record of earnings as a scalper.

Yes, they can be scalps. When I said improve performance, i don't mean to convert scalps to other type of trades. Scalps should be scalps. But at such of your 40 pts SL is terribly bad to swallow your 4 day profits in the fifth day. So you must be playing like Bharadwaj as he in most cases not let run the profits to turn into a loss.

I knew that once you practice this scalping well for few more weeks and able to fund your acct as needed, you will be doing as a superb scalper. Congrats for that. Apart from being as a scalper because of less funds, if you really like being a scalper and love it the way as it is, you will do great and you won't want to change to some other trader type.

Go for it. :thumb:

 

[cloudTrader]

As the trade book will tell you, all the 1 min. trades were profitable (however small), and the one I held for 6 min was in loss. That too, I exited because it wasn't comfortable, didn't wait for SL. That trade cost me a good 300Rs. loss of the day's profit.

With a capital of 5-6000 Rs., I am ok with 100-200Rs. profit.

But what I must work on is my recent phobia for shorting futures. Will overcome it.. slowly.

If you are Trading with this in mind then why don't you try USDINR pair . Most of the days it will give you this much profit very comfortably and that too with very little expenses and good leverage. You need just a 9 pips move with 5 lots [0.0025 * 9 * 5000] = Rs. 112.5. 9 pips move is quite easy to get with a good entry. If you do this kind of trade 2 -3 times in a day , your target is met easily and I bet coupled with negligible anxiety. :thumb:

PS: Little Expenses I mentioned as I am trading with SAS Online specifically for Currencies. I forgot that many other brokers are charging higher for Currency Trading.

 

[TradeJoker]

Generally yes but not always...being a Moderator I have mastered an art of selective replying...:lol:

Smart_trade

haha ! Any plan to join politics

 

[sach007]

As the trade book will tell you, all the 1 min. trades were profitable (however small), and the one I held for 6 min was in loss. That too, I exited because it wasn't comfortable, didn't wait for SL. That trade cost me a good 300Rs. loss of the day's profit.

With a capital of 5-6000 Rs., I am ok with 100-200Rs. profit.

But what I must work on is my recent phobia for shorting futures. Will overcome it.. slowly.

TP.... firstly... PLZ do not consider my writing as DEMOTIVATING....

I want you to tell...

I have been scalping for a long time... I even got a lot of success...

But I have seen many times this also happened to me....

This seems very good... till you don't face loss...

COZ... here one day can wipe out your one weeks profit reason is...

CHARGES and R/R

For example...

you traded Jindalsteel.. Profit of 300/- (Tax and Brok Assume 100/-) Net profit of 200/-

Then lets consider your loss trade...Loss of 200/- (Tax and Brok Assume 100/-) Net loss of 300/-

so... here your Risk is more in a trade than profit...


Of course your Trade Success ratio is more.


I hope you undertsand what I mean to say.

Pls take it positively..

I am not in any way demoralizing you.

Thanks ..