Day Trading Futures

[directionaltrader]

This method of booking profit looks so simple yet very effective. Thanks St da

 

[Smart_trade]

I had read about Williams who wS the winner of the championship . He was saying that he won that just because of money management . Even his daughter multiplied money like crazy just by mm

Yes starscream, Larry Williams is one person who has done lots of study on money management and position sizing. In his own words " if we make some money here and loose some money there, we will always remain two bit speculators...but when we trade as per MM that is the key to trading riches."

In his book " Long Term Secrets on Short Term Trading " he has shown that same system traded normally will increase 30,000 dollars to 1,70,000 dollars in 3.5 years ...but same system, same trades with MM will make few crores....that is the difference...

Smart_trade

 

[directionaltrader]

Dear Sir

This is one lot talking. But you do not trade one lot/units like many here.

Thanks to the discount brokers, the break even is not a matter of concern even if u hv to exit.
But yes for one or two lot traders like us it is a valid point.

 

[a1b1trader]

Now you may allow a little ad to your post: What ever indicator you trade on, nothing is perfect. To teach your eyes also to chart with out any thing, do charting day by day with out nothing. Do charting with out any indicator nor with out any other information. Just a plain chart with candles or bars. Do this for a few months just to find out if it may works for you with out nothing. What you will learn is some thing you never will forget in your trading career.

Have a most beautiful time and enjoy your live

Very well said Dan
I am doing (observing) this for last 2-3 months
And it gives good results.

Hope, members have not forgotten my posts on 'My Observations'.
And, all those posts were done only visually, and no AFL, no indicator etc.

 

[Somatung]

Traderji is still one of the greatest forum in the world. Don't you think so after reading all the post's made only today in this thread. I am not sure about India, but here the long weekend has already started. Here some little impression how music is made from a person from my country: https://www.youtube.com/watch?v=gYrHG8ejSCo Wish you all the best and see you around

 

[amitrandive]

Just a beautiful quote for money management

 

[LivetoTrade]

Happy Holidays

Maldives.

 

[LivetoTrade]

Does anybody have any thoughts or explanation?

 

[nirav_j]

6700 PE and 6800 PE added about 20 L on 17th april ...
Max pain currently is at about 6700 .... The action you have highlighted looks like booking profits in those strike prices to open higher strike price Puts ...

 

[Smart_trade]

Does anybody have any thoughts or explanation?

6400 and 6500 puts are no more attractive to buyers as well as sellers.Buyers now have a view that Nifty will not dip below 6400/6500 so they are liquidating/salvaging whatever they could out of a trade which has gone bad. For sellers they have got the meat and they are squaring off to release the margin stuck up to utilise that money elsewhere.This is indicated by reduction in open interest when the prices drop meaning market going up.

Smart_trade