Day Trading Futures

[Mungerilal]

Just one trade today.. another snap trade 34 sec.. Thank God it was before the Nest problems started.. couldn't dare to trade from nest thereafter.

Will withdraw 1K today.

TP Bhai,u hv 5-6k amount.I wonder how u r trading DLF 2000 in that amount?
It needs around 28-29k. or am I missing Zerodha's some new margin rule?

 

[manishchan]

TP Bhai,u hv 5-6k amount.I wonder how u r trading DLF 2000 in that amount?
It needs around 28-29k. or am I missing Zerodha's some new margin rule?

TP trades bracket order so margin is based on stop loss and require lesser amount than usual daily margin.

 

[sabharwal_RK]

http://www.traderji.com/trading-diary/95818-soliloquy-looser-trader-2.html#post1029573

 

[umesh12]

Neither you nor me, can do anything
Because I have been STOPPED OUT

 

[umesh12]

I have nothing to do untill nifty crosses 8450 now :annoyed: . So dont mind getting up late tomorrow mornin This time i wont act till it moves higher than that. From all my trades I have jumped the position earlier and got better levels later. I covered at 8375. It went down and calls lost theta too. :annoyed:

Dont know this 8450 is NF or NS

If it is NS then you can be late
But if it is NF then you should get up early and be ready by the time market opens

 

[timepass]

http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=890611

Now looks like a def case of insider trading.... .. else how come stocks which hardly moves like 1-2% max moved 7% in a day without even official news release..

Actually Latha was talking about in the morning before the mkt opened. So maybe there wasn't much manipulation.

The bigger news is the merger of Tech Mahindra with LCC (not Lakhotia Computer Classes of India, but Lightbridge Communication Corp. - American Company).

So tomorrow we can expect Tikambhai (TechM) to be very hot and maybe carry the index along

 

[timepass]

One more feature request which I feel would be good and may be our moderator can consider. Why not have a conference room for all members of this thread. People can just put on their mic/earphones and join in and rather than typing in can just state what they see on their charts and discuss on. That would save lot of typing in. A VC chat room or tie up with skype can be plugged into this website???

Yes, they had a chat room once upon a time, but very soon it became full of tipsters and fights and very difficult to moderate. Good decision by the Mods to cancel it. But yes, I think they can provide a small chatbox with no PM facility and all the messages can be in the open. Either way it is fine.

 

[timepass]

TP Bhai,u hv 5-6k amount.I wonder how u r trading DLF 2000 in that amount?
It needs around 28-29k. or am I missing Zerodha's some new margin rule?

TP trades bracket order so margin is based on stop loss and require lesser amount than usual daily margin.

Yes, Mungerilal, it is Bracket order. You can preview the calculations on their margin calculator page

Check the calculations for DLF.

Also, do the calculations for Jindal steel, Rcom and Justdial

 

[XRAY27]

Below is the important old post of ST da, on trading tight range market's ..implementation of this post is the need of the hour for Nifty traders


"When Not To Trade Is Very Important Trading Decision

Last few days have been sideways range days and the up moves as well as down moves are very fragile and they are not holding up. I have received many pms, phone calls from traders who are either trading their own methods or trading on calls given by others . And as these systems are mostly trend following systems they are hitting stoplosses regularly . Some call services have had 8-12 stops hit consecutively on full quantity, thus seriously damaging the trading account of some traders.

Trend following methods need sustained trends in the timeframe which we trade. Though the market trends only 25-30 % time, there is a trend on larger or smaller timeframe. Trend following systems cannot make money in sideways markets where trends are not durable tossing us in both the directions.

I have done some posts about how to know whether the market is trending or not. A trader has to understand the structure of the market he is trading and mindlessly following trend following systems in sideways, small range markets saying that " Descipline and Faith on the system will make money finally" is like banging our heads against a wall and saying if we do it with discipline and faith,one day the wall will break.. It may put our heads out of shape.

In such markets it is better to step back and not to trade till the market is in the sideways range....or trading smaller lots is very essential in preserving the capital and being able to keep the gun powder dry so that when the market comes out of the range and starts trending we can go with all guns firing.Large and continuous losses also put pressure on the mind of the trader and I really wonder whether after 10-12 continuous losses even most " disciplined" trader also will be able to take 13th and 14 th trade.......everyone should ask this question to our own minds....After sideways phase a trend will always come....it is much more cyclical in nature...so be financially fit to take full advantage of the trending phase...

So preserve your capital, trade small in sideways markets.....dont do "Financial Harakiri" in the name of discipline. Remember that " When not to trade is a very important trading decision too "

Smart_trade

 

[TradeJoker]

ING Vysya bank to merge with Kotak, :