Day Trading Futures

[copypasteaee]

yeah ... I bought NF Puts knowing in mind that the probability of price exhaustion is quite high at these levels ... Also, a Combo 13 has recently been recorded on NS and todays close is only abt 15 points higher ...

Even the US MKT, clocked a 9 on the daily to complete the Sell set up yesterday ... and on the 4 hr, it completed a Combo 12 yest, and on course to record a 13 today ..

IMG source and credit : http://tradetrekker.wordpress.com/


Now what has to be seen is, since next week is expiry, will we see immediate correction or it'll happen post expiry ...

I am also bearish but are we trying to see what our mind is showing us. When i see charts no bearish setup has appeared but don't know why i am still bearish.

 

[sudoku1]

I am also bearish but are we trying to see what our mind is showing us. When i see charts no bearish setup has appeared but don't know why i am still bearish.

v interpret events as per our beliefs.if u hav a belief dat ghosts reside in abandoned dark places..den ur fear wil surface wenever u pass dat place during dark ;-)

 

[HEM]

The real purpose of trading is not to make money. If that’s your goal you’ll probably struggle.
But If your goal is to be a great trader, then you probably will do well.
If your goal is to use trading as a way to measure your self-development, then you will probably do well.
If you just love trading and that’s why you do it, then as long as you are willing to work on yourself you will probably do well.
Those, in my experience, are the key motivations that bring success in trading.
--Van K. Tharp

No no i am not agree with Sir Van K. Tharp................ please be realistic, definitely the real and prime purpose of trading is to make money....and other purpose are secondary........and i think most of the traderji friends will be agree with me..........



HEM

 

[sudoku1]

It means only TJ members were in action
while FII, and DII were taking rest.
Then who has made that last minutes spike in NF......?

prime suspect asking d question ?:-D

 

[_Rajesh_]

The real purpose of trading is not to make money. If that’s your goal you’ll probably struggle.
But If your goal is to be a great trader, then you probably will do well.
If your goal is to use trading as a way to measure your self-development, then you will probably do well.
If you just love trading and that’s why you do it, then as long as you are willing to work on yourself you will probably do well.
Those, in my experience, are the key motivations that bring success in trading.
--Van K. Tharp

No no i am not agree with Sir Van K. Tharp................ please be realistic, definitely the real and prime purpose of trading is to make money....and other purpose are secondary........and i think most of the traderji friends will be agree with me..........



HEM

Alexander Elder in Come into my Trading Room:

There is only one rational reason to trade—to make money.

Being a trader is a journey of self-discovery. Trade long enough, and
you will face all your psychological handicaps—anxiety, greed, fear,
anger, and sloth. Remember, you’re not in the markets for psychotherapy;
self-discovery is a byproduct, not the goal of trading. The primary
goal of a successful trader is to accumulate equity. Healthy trading
boils down to two questions you need to ask in every trade: “What is
my profit target?” and “How will I protect my capital?”

 

[TradeJoker]

but i definitely think majority of traders here have alternative income

 

[sudoku1]

but i definitely think majority of traders here have alternative income

wat abt u ? :-D

 

[TradeJoker]

wat abt u ? :-D

i've other income, so i can contribute it to the market :rofl:

 

[cloudTrader]

No no i am not agree with Sir Van K. Tharp................ please be realistic, definitely the real and prime purpose of trading is to make money....and other purpose are secondary........and i think most of the traderji friends will be agree with me..........



HEM

If money making would not have been there in trading , I would never had thought of taking this path.

 

[OMSAI]

but i definitely think majority of traders here have alternative income

Yes ............100%...................my back up is house rent.....:thumb: