Day Trading Futures

[XRAY27]

Good :thumb: I played with short MAR put 6250, which I had shorted yesterday and bought back in the morning with profit when market was high. Then the short call started to play, as I do short strangles. When market made this V shape, I sold again the MAR 6250 put with a higher price and bought it back just a short time ago when market was again very high. So profit = 23 point with those little game.

next series i will try this .......concentrating on april when march expiry is near ,but that may need experience ...... thats a big question for me

 

[Somatung]

Thanks for your explanation in the chart. Nice one. Question: Any special money management rules you follow? Do you add units in a move or do you take out units in a move? If you take out, what is your exit target for each unit and if you add, I guess you do it like Sir ST.

 

[XRAY27]

nice chart ...in my start i used to trade like this through PA
but with more and more consolidation days in the market...

iam just fixing my trades to 2 to 3 per day...only target is profit per week and no loss per month in intra or positional

if you could explan the MM and any other filters for trade it will be of great help

 

[jetking]

Thanks for your explanation in the chart. Nice one. Question: Any special money management rules you follow? Do you add units in a move or do you take out units in a move? If you take out, what is your exit target for each unit and if you add, I guess you do it like Sir ST.

Nothing special,

following two part scale out,one at >10 points and trail the rest

adding position only after 1at scale out

thanks

 

[jetking]

nice chart ...in my start i used to trade like this through PA
but with more and more consolidation days in the market...

iam just fixing my trades to 2 to 3 per day...only target is profit per week and no loss per month in intra or positional

if you could explan the MM and any other filters for trade it will be of great help

thanks bro,

i am in a learning phase,not carrying any position

fearing of gap up/down

yes range days creates a problem,but hope will find a way to avoid them

 

[pratapvb]

NF as of today close
maxpain is now at 6200

 

[pratapvb]

BNF as of today close

maxpain is now at 10600

 

[Somatung]

next series i will try this .......concentrating on april when march expiry is near ,but that may need experience ...... thats a big question for me

Yes, you need experience and an understanding of the derivative like you need experience and understanding of the future. If you never traded the way I mentioned, I do not recommend you to do so. Today was an easy day for such kind of trading, but there are other days where market will work against you. If you do not understand the variable ways of handling such situations with the derivative, you will get in trouble for sure. It is not only about buying and selling, it is more about seeing and understanding the price relation each of all those derivatives have. That is the part which hardly can be told and here you easily can lose your money. So be careful with what ever you plan in this direction.

 

[Somatung]

One question I would like to ask the members here: How much time do you spend to do pre market analyzes and how much time do you/your team spends to do analyzes on all your trades and thoughts you had during the day?

During the day I/we do in average around 30 screen shots (Today over 40) and after market I/we do analyze any trades and thoughts I/we had during this time. This takes around one hour in general, some times a bit more. Now what about you? Doe's any of you members take this time by him self or with his team or is this out of any thoughts and questions? Really wondering.

 

[timepass]

+6

Date		Opening	Profit/loss	Closing
25-Feb		18575	+347		18922
24-Feb		18319	+256		18575
12-Feb		18279	+40		18319
11-Feb		18214	+65		18279
10-Feb		18214	no trade	18214
07-Feb		18035	+179		18214
06-Feb		18337	-302		18035
05-Feb		18074	+263		18337
04-Feb		17755	+319		18074
03-Feb		17573	+182		17755

[URL="http://www.traderji.com/futures/91950-day-trading-futures-87.html#post931271"]Jan-14[/URL]		22808	-5235		17573