Day Trading Futures

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XRAY27

Well-Known Member
Guys
Great day in nifty fut... iam presenting below 5 disciplines which helped me to see the market specially today

5 Disciplines for Successful Trading

1. Have a process with unbreakable discipline. Great trades sometimes come with small losses. Keeping losses in check is key… there is always another day and capital is a trader’s lifeblood.

2. it’s a marathon, and amazing opportunities come to those with patience, available capital, and a thoughtful plan. Timeframes are key and patience can mean waiting an additional 15 minutes, an hour, a day, or a week, or legging into weakness or out of strength similarly. Exiting profitable “long” trades in fractions (while raising stop-loss levels) allows you to let them run and maximizes profits.

3. The trend is your friend, but don’t marry it. Letting emotion get the best of you often leads to lost profits. Become balanced and make sure that you can make money, bull or bear. Get to know yourself. Do an honest assessment and work within skills and psychology. Stretch yourself, but don’t try to be someone you’re not. And that goes for life as well.

4. Don’t second-guess yourself due to “the crowd.” Let your plan (and your stops) do the second-guessing.

5. Respect others like you respect your money. Work hard, give freely. Make money.
 

manishchan

Well-Known Member
only +54 point in BNF? how came this became great day for you?


for me today +220
PK bhai.. good one.. Congrats .. :D

I have been trading NF only because everytime I traded BNF in the past, I always had loss because I was unable to manage the big range moves. Started fresh with some new strategies recently.. like last week and this was my 3rd day of trading in BNF and all in green. Since this is just the start, I'm playing very conservative and taking only the trades that I'm 200% sure about. For me it's ok to miss big move as long as I'm consistently catching what my trading system gives me. So currently slow and steady and will try to improve it to catch more in due course of time. :)
 
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Me, I shot myself in the foot again today, with another Rs. 3000 loss :(

Kept buying BNF puts on each stochastic divergence. But the price never really diverged much. So I managed to convert small profits of the morning to a huge loss.. I guess I won't be posting my daily report today.
 

manishchan

Well-Known Member
Me, I shot myself in the foot again today, with another Rs. 3000 loss :(

Kept buying BNF puts on each stochastic divergence. But the price never really diverged much. So I managed to convert small profits of the morning to a huge loss.. I guess I won't be posting my daily report today.
Ahh.. that's sad TP :( I'm sure you are aware of the ST Da's 5+ bar above stoch thing. I was watching that today after 10.. and today turned out to be a great example and all the -div got defied because of strong upmoves.
 

Tlahuicole

Well-Known Member
Guys
Great day in nifty fut... iam presenting below 5 disciplines which helped me to see the market specially today

5 Disciplines for Successful Trading

1. Have a process with unbreakable discipline. Great trades sometimes come with small losses. Keeping losses in check is key… there is always another day and capital is a trader’s lifeblood.

2. it’s a marathon, and amazing opportunities come to those with patience, available capital, and a thoughtful plan. Timeframes are key and patience can mean waiting an additional 15 minutes, an hour, a day, or a week, or legging into weakness or out of strength similarly. Exiting profitable “long” trades in fractions (while raising stop-loss levels) allows you to let them run and maximizes profits.

3. The trend is your friend, but don’t marry it. Letting emotion get the best of you often leads to lost profits. Become balanced and make sure that you can make money, bull or bear. Get to know yourself. Do an honest assessment and work within skills and psychology. Stretch yourself, but don’t try to be someone you’re not. And that goes for life as well.

4. Don’t second-guess yourself due to “the crowd.” Let your plan (and your stops) do the second-guessing.

5. Respect others like you respect your money. Work hard, give freely. Make money.
I have two rules before others :D,

1)Market is always right and it always does what it wants to do.
2)If you think otherwise, slap yourself and read the first rule.
 
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