Day Trading Futures

[manishchan]

There is movie called "The Taking of Pelham 1 2 3" John Travolta starter.... based on true story

He hijacked a train and taken hostage ... and threaten to explode the train ... drama continued whole day .... and Police was waiting to get demand from him .. instead he shorted Gold, FX, Indexes ....when he made millions .. he left the train ...and police never able to catch him

Lol.. what a way to become billionaire. Sounds like a good plan if one ever becomes bankrupt in the market

 

[Gaur_Krishna]

Sequential /combo recycle can act as good SAR if entry fails.... Nice Point to be noted ..... :thumb:

Regards,
Gaur_Krishna

Yes...the Sequential/Combo recycled...and when it recycles, the market goes up big....so it is even profitable to reverse the position to long and ride it...

ST

 

[Smart_trade]

At the time of serial bomb blasts in Mumbai, I was very near Mumbai Stock Exchange and was going to BSE building to meet my broker....and I missed getting cought in it by may be 2-3 minutes.....I heard the blast, I saw blood stained bodies being carried.....saw the blood on peoples clothes...and I rang up my broker in other city to square up all my positions...the news had not got to the market by then....talked to few trader friends ..all asking do you want us to short some stocks as the prices will drop...told them NO....idea of making money on peoples suffering is nautiating to me....so not even 1 share shorted......and I am happy that my mind took that decision. Money we can make in the market on any day...but not on people suffering....only thanked God that he saved me from major terrorist attack.

Smart_trade

 

[jamit_05]

There is movie called "The Taking of Pelham 1 2 3" John Travolta starter.... based on true story

He hijacked a train and taken hostage ... and threaten to explode the train ... drama continued whole day .... and Police was waiting to get demand from him .. instead he shorted Gold, FX, Indexes ....when he made millions .. he left the train ...and police never able to catch him

Its a nice movie. But I still don't understand how would hijacking of one single train (and not even a railway station or an airport) hugely affect the entire nations Gold, Currency and stock market... the plot is a little weak, but the movie is very well made. Must watch.

 

[a1b1trader]

I don't predict future ....like you guys can do .. I do whatever charts tell me ....and I can get out within 5 min as well if trade is going against me

And what your chart tells you
The past,
But you analyse it to know what should be the next move on the basis of past moves, and this is future.
And some calls this as prediction

As you are not always correct in your analysis and moves, so is the prediction

 

[jamit_05]

At the time of serial bomb blasts in Mumbai, I was very near Mumbai Stock Exchange and was going to BSE building to meet my broker....and I missed getting cought in it by may be 2-3 minutes.....I heard the blast, I saw blood stained bodies being carried.....saw the blood on peoples clothes...and I rang up my broker in other city to square up all my positions...the news had not got to the market by then....talked to few trader friends ..all asking do you want us to short some stocks as the prices will drop...told them NO....idea of making money on peoples suffering is nautiating to me....so not even 1 share shorted......and I am happy that my mind took that decision. Money we can make in the market on any day...but not on people suffering....only thanked God that he saved me from major terrorist attack.

Smart_trade

Another thing or two to learn from the maestro. Nice.

There are many ways to earn money, but not at the cost of my conscience.

 

[manishchan]

At the time of serial bomb blasts in Mumbai, I was very near Mumbai Stock Exchange and was going to BSE building to meet my broker....and I missed getting cought in it by may be 2-3 minutes.....I heard the blast, I saw blood stained bodies being carried.....saw the blood on peoples clothes...and I rang up my broker in other city to square up all my positions...the news had not got to the market by then....talked to few trader friends ..all asking do you want us to short some stocks as the prices will drop...told them NO....idea of making money on peoples suffering is nautiating to me....so not even 1 share shorted......and I am happy that my mind took that decision. Money we can make in the market on any day...but not on people suffering....only thanked God that he saved me from major terrorist attack.

Smart_trade

ST Da.. very touching story. And truly said, money made on others suffering is just as heinous as committing crime. One can never be happy with that. Take example of people making black money from illegitimate ways. Money is not everything, it love and good time we spend with our friends and family. In our daily chaotic life, we often tend to forget how thankful we should be to God for giving us what we have everyday, every minute..

 

[XRAY27]

At the time of serial bomb blasts in Mumbai, I was very near Mumbai Stock Exchange and was going to BSE building to meet my broker....and I missed getting cought in it by may be 2-3 minutes.....I heard the blast, I saw blood stained bodies being carried.....saw the blood on peoples clothes...and I rang up my broker in other city to square up all my positions...the news had not got to the market by then....talked to few trader friends ..all asking do you want us to short some stocks as the prices will drop...told them NO....idea of making money on peoples suffering is nautiating to me....so not even 1 share shorted......and I am happy that my mind took that decision. Money we can make in the market on any day...but not on people suffering....only thanked God that he saved me from major terrorist attack.

Smart_trade

Dada ,

If any thing happened to you..on that day then we would have missed great teacher...

Trading on the people suffering is not good...we can earn on any day

 

[Smart_trade]

And what your chart tells you
The past,
But you analyse it to know what should be the next move on the basis of past moves, and this is future.
And some calls this as prediction

As you are not always correct in your analysis and moves, so is the prediction

Chart,trends or prediction, the problem starts when one refuses to see and accept that his views are wrong and the market is showing that the direction has changed. Most people get attached and keep hoping that their price will come again...it may, it may not...they keep hoping and holding and by the time the loosing position becomes too bad and unbearable, then it is liquidated and that generally is the bottom /top ( if short ) ...

Smart_trade

 

[onlinegtrash]

just before sep 11 attacks... people say airlines shares were heavily shorted in derivatives market just few days before the attack...
http://www.independentaustralia.net...orists-made-millions-on-the-stock-market,3738

“When terrorists have ‘inside information’ about an imminent attack, they purchase financial derivatives before the attack and make millions from the subsequent market movements.

“Global financial markets reacted swiftly to the news of the terrorist attacks on New York (2001), Madrid (2004) and London (2005), with a general flight to quality. Gold, bonds and defence stock strengthened and investors flocked to highly liquid, developed markets.

“In contrast, less mature markets suffer as do stocks such as reinsurance and aviation. American Airlines’ share price dropped 39 per cent after the 9/11 attacks and United Airlines dropped 42 per cent. Even a novice trader can see the windfall that could be achieved in shorting these stocks before a terrorist attack.”

180 degree reverse of what Smart_trade did!