Day Trading Futures

[RAAMAKANT]

I have one query now.
I have bought 6300 Put well above 6300 and 6300 call well below 6300. There's 50 point difference of Nifty while buying the both options.
Now suppose (as per current SGX price very thin chances, but still) if
on Monday Nifty opens flat then still my position will be in loss ?
That 50 point difference will not work at all ?

 

[stock72]

I have one query now.
I have bought 6300 Put well above 6300 and 6300 call well below 6300. There's 50 point difference of Nifty while buying the both options.
Now suppose (as per current SGX price very thin chances, but still) if
on Monday Nifty opens flat then still my position will be in loss ?
That 50 point difference will not work at all ?

Monday opening will be in deep red as sgx indication ...but very high chances to close flat ...if so ..what else expiry above 6400 IMO

 

[starscream]

Ramakant why don't you post your snapshot showing open positions and end the discussion

 

[RAAMAKANT]

Monday opening will be in deep red as sgx indication ...but very high chances to close flat ...if so ..what else expiry above 6400 IMO

Hi Stock72, seeing you post after long gap. Hope you are doing outstanding as always.

Yes, I am also thinking so. 6200 and 6170 are the good supports.
One of them will arrest this current fall. I am expecting a rally again up to 6260-70 but above that can't say anything now. Everything is in hand of RRR....

 

[TradeJoker]

Monday opening will be in deep red as sgx indication ...but very high chances to close flat ...if so ..what else expiry above 6400 IMO

yes, but problem is expiry,if 6400 is not in this expiry rollover to FEB is painful

 

[ramlaa]

Hi Pratap,

Please can you post AFL to get this 15 / 60 min bands trend indicator ribbon.

Regards,
Murthy

may I suggest something?

try to take only trades in the direction of 15min band relative to 60min band initially for some time

I have marked on the ribbon the interpretation

basically when 15min band above 60min band long bias and vice versa

P.S. showing it on 15min chart to show more days but as you know these bands can be put on lower TFs like 3min

 

[RAAMAKANT]

Ramakant why don't you post your snapshot showing open positions and end the discussion

Le bhai, ab pad gai thandak............. :annoyed:
I really don't understand why some people get Constipation over others profit... :annoyed:

 

[Trader_PK]

Le bhai, ab pad gai thandak............. :annoyed:
I really don't understand why some people get Constipation over others profit... :annoyed:

Very hard to make money in this combo .. even if 100 point gap dwn .. because this is before expiry weekend ... there will be huge timedecay .. anyway best of luck to make money

 

[Somatung]

If you are long calls and double the quantity long puts. You have enormous negative theta. If the market goes nowhere you will lose a lot of money.

If it goes up, you will lose money. Because your overall delta is negative.

If it goes down a little, you will lose money. Because the negative theta will overcome the positive gamma.

All in all, you will only make money if the market goes down a lot.

This is not called hedging.

- Market goes up = He plays the future long and is long the call. He looses with the two puts some amount, but the amount he wins with the long future and the long call should be bigger.

- If market falls = He plays only the long two puts and stays out of the market with the future. He will make more money with the puts compare to what is lost with the call. Or he also plays the short future and makes any way more money with the two puts and the short future compare to what is lost with the one call he has.

- If market stays range bound = He is forced to play a very precisely game with the future on the occurring support and resistance levels. This will be a pure TA game.

 

[DataRam]

Hi Pratap,

Please can you post AFL to get this 15 / 60 min bands trend indicator ribbon.

Regards,
Murthy

This is the link to his own thread , you may also ask him there about the AFL you are interested about.

http://www.traderji.com/advanced-trading-strategies/89870-combining-trend-vwap-ranges.html

Happy Trading.