Day Trading Futures

[manishchan]

I'm becoming Sudarshan Sukhani's fan. Another great article

How To Manage An Investment Idea

It is not too much difficult to find an investment idea in market as it seems, but the real edge lies in managing that idea. This is the art where most traders fail and frustrate themselves. Let me explain it with an example, suppose, a stock is in a trading range, pushing against 160 resistance. A buying opportunity exists with a possible target of 200 and a stop below 140.

Let me start with the assumption that this idea actually works, meaning it makes money. Assume that stock breaks out above 160, slowly moves up reaching 200 over the next 8 weeks. This is the most favorable scenario, but it does not mean that it is a wealth builder for you.

Suppose, stock moves above 160, then a sharp and sudden dip comes in the stock market, pushing stock prices below 140. Later an equally sharp recovery takes price all the way to 200. Now, the target has been achieved, but before touching the target, your stop loss was activated. So, you were out of the trade, not participating in the forthcoming up move.

There are many such possibilities, stock moved up after you purchased it. Then a sharp correction brought it down from 180 to 160 - your purchase price. The stock started moving aimlessly in this range for weeks. You eventually got frustrated and sold off, then just a few days after your exit, the stock took off, reaching 200 in no time.

I have not discussed the possibility of the trade becoming a loss from the start. Surely, even this is possible.

I hope you get the idea: Real life trading and investing is very different from imaginary trading.

It is not enough to get a "call" for buying some share or the other. Frankly, such "Calls' are a dime a dozen and have no value at all. The real skill lies in managing your trade.

Once you setup a stop loss, you must have the discipline to follow it. It is possible that the stock may move your way after you are stopped out. So be it.

If you had valid reasons to exit the trade when a stock begins to move sideways, be glad that you took the right decision. If the stock moves up after you exit, so be it. You took the right decision at the right time.

My point is: wealth building takes place with patience, discipline and acceptance of the impact of market forces. If you follow your rules, trade in small volumes, you will be able to withstand any number of whipsaws and false signals. In the final outcome, you will come out as a winner.

 

[nirav_j]

I'm becoming Sudarshan Sukhani's fan. Another great article

hes given a buy call on HUL as of friday ..

For the short term trader, there is no trade on Hindustan Unilever (HUL). Hindustan Unilever itself does not tend to give trades to the swing trader, but on a closing basis if you want to buy Hindustan Unilever for the next three months, today is a very good time to get into it

Read more at: Link

I checked a 2 year chart of HUL and am surprised that he says that HUL does not give trades to a swing trader ... HUL looks like a nice trending stock which gives good moves once it starts trending ..

Will keep an eye on HUL and his view on it over the next couple of weeks.

Edit:

 

[TracerBullet]

hes given a buy call on HUL as of friday ..




Read more at: Link

I checked a 2 year chart of HUL and am surprised that he says that HUL does not give trades to a swing trader ... HUL looks like a nice trending stock which gives good moves once it starts trending ..

Will keep an eye on HUL and his view on it over the next couple of weeks.

In moneycontrol, many people joke that we should do opp of what sukhani / dukhani says (No disrespect)

Better to take own calls so that yow know when its not working. You can search google. He gives many many calls so you can check success if you want.

 

[nirav_j]

In moneycontrol, many people joke that we should do opp of what sukhani / dukhani says (No disrespect)

Better to take own calls so that yow know when its not working. You can search google. He gives many many calls so you can check success if you want.

Yeah ... I btw dont trade stocks at all ... Saw a pop up on money control app on my phone abt sukhani - buy hul and coincidentally my friend asked me to check HUL and hence the post ...

 

[manishchan]

I am becoming Sukhani's fan not for his calls but how he describes trading. Love reading his articles nd when he talks (not the buy this nd sell this).

Somehow my mind doesnt accept these tips like Buy xyz nd Sell abc even if comes from Warren Buffet .. It sounds selfish but I cant trust nyone unless the price chart is supporting it

 

[nirav_j]

I am becoming Sukhani's fan not for his calls but how he describes trading. Love reading his articles nd when he talks (not the buy this nd sell this).

Somehow my mind doesnt accept these tips like Buy xyz nd Sell abc even if comes from Warren Buffet .. It sounds selfish but I cant trust nyone unless the price chart is supporting it

I haven't caught a lot of what he says but as a "top technical analyst" I expect him to offer some technical reasons for his calls or views ...

I distinctly remember his remark on niftys movement last July end. He'd said "we are witnessing a waterfall decline in nifty.
And I was like - hain ?

 

[XRAY27]

MARK DOUGLAS QUOTES WHICH I LIKE MOST

“I haven’t seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren’t. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.” – Mark Douglas


“Fundamental analysis creates what I call a “reality gap” between “what should be” and “what is.” The reality gap makes it extremely difficult to make anything but very long-term predictions that can be difficult to exploit, even if they are correct.” – Mark Douglas

 

[XRAY27]

Control

osition size and risk

Recognize

rice action

Two mantras for trading..............

 

[TimWarren12]

I'll say cost is harmful with regard to newcomers. It's not that I'm placing you away nevertheless , you ought to be well aware of a lot of marketplace character and also you got to look out for plenty of scams nowadays and do not have confidence in get-wealthy-fast strategies of any type. Sadly you will find just a few actual resources that offer some helpful assistance for trading options . We most all suggest you only commit a little amount at first in addition to learn how it's all regulated completed before you go for just about any real investment.

 

[TimWarren12]

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