Day Trading Futures

[manishchan]

hi
here are my today trades in sbi spot...i didnt paper trade but i just traded it with only 2 shares quantity...traded same as if i would have traded 2 lot sbi future...
half quantity on fixed profit of 8 points..& rest of the half on tsl..I use only 1 setup BOF in those trades

1) BO failure on BRN ..plus a nice hammer with beautiful long tail...long entry on high of hammer..but it should have on opening of bull candle..but I need just more confirmation..& bull candle gave that confidence ..
2 )BO failure of again a BRN 2000..plus its also a BOF of initial range..so exit my longs on next bear candle close..
but didnt enter shorts as waiting some more confirmation...so enter on break of doji ..
3) make low of 1960.75...make another low at 1960...but no follow up of down move...its a kind of swing failure..(which I have learnt from albrooks....)..plus i have smelled some trap..next high close bull candle confirm my doubt..exit from short...
but didnt enter long instantly..wait to break high of pivot..on break of pivot..enter long..
4)for me the break of 1977 will give a good rally..but I was also conscius that if it fails..it gives a good short..as its a major pivot to break to change the overall trend for sbi for day...it breaks goes till 1983..but again no follow up of bull move..I wait..as no sign of strong bear also..but when it fails to sustain 1777 ..& then it again tried to break 2 time ..at point 4 it again tried went till ....1981.75..but again fail...couldnt touch last high 1984...if market tries to do something twice & fail..it does opposite(again albrooks knowledge) ..so its again a swing failure..pivot high failure..in classical terms,its a kind of double top ..exit my longs asap...
but enter on short at break of minor pivot low....

so overall good trading method wise...but I was observing my emotions & wrote it down...it shows their effect if profit takeing...i exited 1 share comfortably (equilent to 1 lot,according to me,I tried to fool my mind..that play it as its real 2 lot) at 8 point profit gain ..but my mind starts playing game when 2 lot was also in good profit...it tempted me to take some good 15-20 point profit & exit...I tempted to take profit..as I always used to do) (as tsl is away sometimes 10-15 points away.. so 1250-1875rs /lot )...now i knew my psychological problem...but i control my urge..but telling u frankly..its was just 1 share..but if i had bought 1 lot,i would have exited before tsl ...but just 1 share save me...
but I am trying to trade those 2 quantity of shares as I am trading 2 lot..mind plays its game...but usko samjhao ki yeh 2 lot hai...par not easy to make it fool...i hope after monthes of this kind of trading will give confidence & that mind set up..

Thanks for your time to listen my blabbering...i am in habit of writing in detail when I Have to say something or rather i have something to say..
thanks

Good trades.. and good thought process behind taking them up too.

 

[umash2000]

Well said and here the simple prove for this:

11 April 2014 (Last Friday):

15 Apri 2014 (Today in the morning)

Take care and have a nice day

ITM call 3000/3100 seem to have escaped the IV washout..Its ATM/OTM calls which got hit!!!!

 

[amitrandive]

Dear All

Where can I get the dates for the Quarterly results of NSE stocks ?

 

[Smart_trade]

TCS closed near 2251. It was available at 2110 just 4-5 days back.If they also post good results ( which is expected) then it will cross 2350 which will give 10 % returns.

If you observe some stocks which is likely to report good profits and buy that in a dip before every quarterly results, one can make 7-10 % every quarter. But the stock should be good in terms of profits and wealth creation so that it bounces back.

TCS gave 10 % on last quarterly results too where it went to 2380.

Watch for Gruha Finance....it is a growth stock in years to come.

Smart_trade

 

[jetking]

and how people exploit this ?

do a short strangle

sell OTM call and OTM put

like ,yesterday,INFY was around 3200,so sold 3300 call at 80 and 3100 put at 60
today covered half at 80 and 10,and rest at 35 and 15

doing this from last couple of result days in INFY and getting good profit

 

[Somatung]

do a short strangle

sell OTM call and OTM put

like ,yesterday,INFY was around 3200,so sold 3300 call at 80 and 3100 put at 60
today covered half at 80 and 10,and rest at 35 and 15

doing this from last couple of result days in INFY and getting good profit

Here a little add to your post:

http://www.traderji.com/options/66266-option-trading-danpickup-4.html#post642451

http://www.traderji.com/options/66266-option-trading-danpickup-4.html#post644483

Take care and enjoy the evening

 

[a1b1trader]

Dear All

Where can I get the dates for the Quarterly results of NSE stocks ?

Results Calendar

http://www.motilaloswal.com/Broking/Markets/Corporate-Actions/Result-Calendar

http://www.moneycontrol.com/earnings/results-calender.html

 

[TradeJoker]

mauja hi mauja

http://www.traderji.com/futures/92570-nf-will-hit-lower-circuit-after-election-result.html

guys please be carefull ..next month

My guts feel say that bjp will win only 160-170 seats

means lower circuit for sure on 16th May

 

[jetking]

Here a little add to your post:

http://www.traderji.com/options/66266-option-trading-danpickup-4.html#post642451

http://www.traderji.com/options/66266-option-trading-danpickup-4.html#post644483

Take care and enjoy the evening

thanks dear,

already through this thread

but i am not good at managing options,so using this simple strategy,prior
to some importent event day, for one day only
also taking into account that expected movement should not be too large,one sided

 

[arcus]

3600 ce closed around 13 on friday, now its about 3.15, shouldnt the call price rise when there is a increase in spot price ?

Function of an extremely high value of IV pre event, going down rapidly post event.

I see a similar thing happening with Nifty next month.
Unusually high IVs for both CEs and PEs.

Shorting gamma to play an anticipated IV crunch is a high risk strategy.

It is usually not suited for small retail traders.