Day Trading Futures

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kiran_thiru

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Yes Somatung, MM ,Trade success rate,Reward to risk ratio and trade management is far more important than the entry methods/techniques.These factors decide the success and failure of a trader.Posted the above post because even today talked to traders and asked if they took the long trade ,the answer was no...I waited....because of this this this reason.As if traders look for excuse for not taking a trade .

Smart_trade
ST sir. what you said is true. we will give more importance to MM and RR than entry. but most of traders failed this point and comes early from profits with fear and stay in losses more time with hope.

many traders (as learner including me) not enter early with fear of losses and after some time gone we realize our mistake that what we missed. but fear comes in entering trade if MM was good. how can we throw away this attitude.
 
@ ST dada ,

maine suna hai ki trader ki meeting mumbai me hoti hai ...jaha pe sab trader jama hote hai aur ..disscussion hoti hai .

is it true ....??

if yes then please give me address or clue to meet all traders .

thank you .
Hi Vishal,

I am not aware of any such group in Mumbai.

I tried to organise such a group 10-12 years back. We used to contribute Rs 500 each month, buy a good book on trading, money management,and circulate those books and someone giving presentation on the important points in that book. It continued for 6-8 months but later it was stopped . The reason: the traders are always broke..they used to find even Rs 500 per month also as a burden....all that happens because traders dont make money in consistant manner.

Smart_trade
 

XRAY27

Well-Known Member
AFLs,Methods,systems are all fine but once they identify a trade, trader has to take that trade, risk part of his capital on it and try to maximise the returns on that trade. When he takes a trade, he does not know whether that particular trade is going to be a winner or a looser.

I talk to many traders and find that the traders fear to pull the trigger and take the trade and always think that ok...let me observe it for some more time....and the trade moves in favour, now the entry becomes still more difficult and they miss the move. Why does this happen ? It is because of fear of loosing money and that comes when we make some money ,we loose some money....but if we make larger amount when the trade goes in your favour and loose smaller amount if the trade goes against us, then that fear of loosing will reduce to a great extent. We will be convinced in our mind that even if this trade or even the next trade looses, I will make all that back and much more in my winning trades...this will give confidence to pull the trigger and take the trade.And with that the trader takes a big step towards becoming a successful trader.

Smart_trade
Dada

Well said...using of AFL or PA trading it is a matter of probability and at the end of the day following should be our motto for trading career



 
ST sir. what you said is true. we will give more importance to MM and RR than entry. but most of traders failed this point and comes early from profits with fear and stay in losses more time with hope.

many traders (as learner including me) not enter early with fear of losses and after some time gone we realize our mistake that what we missed. but fear comes in entering trade if MM was good. how can we throw away this attitude.
Solution to this problem is our method and trade management should be such that when you loose, you loose X amount but when you get a winning trade, you dont make X but you make 5X...so one winner will take care of 4 to 5 loosers if they come one after another consecutively.

Smart_trade
 

vishal7176

Well-Known Member
@ ST dada ,

thank for your valuable reply .

last year i attain meeting of ATMA , but there is only analyst ..they give tips ,lecture, seminar ..etc
but no one is actual trader there ... only analysis, create trading calls..sending to client ...etc.

dada if u are ready for meeting .....we will start it again ...please its request to you . ..here our traderji member and all trader....will meet

thank you
 
Solution to this problem is our method and trade management should be such that when you loose, you loose X amount but when you get a winning trade, you dont make X but you make 5X...so one winner will take care of 4 to 5 loosers if they come one after another consecutively.

Smart_trade
ST da,
I have tried doing to ride on a trend many times by trailing stop loss. More often than not my stop loss was hit in the correction. According to your experience, is there any fixed percentage from the cmp for one to keep the sl figure so that the trader is not out of a trade without enjoying the fruits of an uptrend.
 

Tlahuicole

Well-Known Member
Solution to this problem is our method and trade management should be such that when you loose, you loose X amount but when you get a winning trade, you dont make X but you make 5X...so one winner will take care of 4 to 5 loosers if they come one after another consecutively.

Smart_trade
ST,

Money management is one of the overlooked areas. Position sizing is the other. Still many of new traders don't understand or respect these topics. I also think the most important in order of learning.
1)Money management.
2)Position sizing.
3)When to trade and when not to trade(Sorry I had bothered you several times for understanding this :D)
4)Saint adviced me on adds when I pinged him in his forum. Adds are also important for a trend trader.
5)Expectancy of a trading system.

But still I see in many forums, that discipline is the most important part. Whats the use of discipline if you are trading a break out strategy in a choppy environment.

Happy Easter weekend to you :).
 
ST da,
I have tried doing to ride on a trend many times by trailing stop loss. More often than not my stop loss was hit in the correction. According to your experience, is there any fixed percentage from the cmp for one to keep the sl figure so that the trader is not out of a trade without enjoying the fruits of an uptrend.
There are two ways of handling this situation. 1) Book profit in correction and re-enter when the correction is over and the trend starting again or 2) In a strong trend trail stops on important points and not on small reactions.

I prefer booking profits ,staying out in correction and re-entering again in trends.

Smart_trade
 
There are two ways of handling this situation. 1) Book profit in correction and re-enter when the correction is over and the trend starting again or 2) In a strong trend trail stops on important points and not on small reactions.

I prefer booking profits ,staying out in correction and re-entering again in trends.

Smart_trade
Dear Smart_trade

Today you really get hit by any of what you post: :lol: But as you have humor, let me post this one: This is one lot talking. But you do not trade one lot/units like many here.
 
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