Day Trading Futures

[starscream]

Cool... Thank you very much Leonid !!

That's the problem... Data is merged..Hence so many here prefer esignal over other brokers ..

 

[XRAY27]

During the review of the trading for the month of august,two thing i observed from mistakes i made..........

1.Don't fear market,it cannot hurt you,you hurt yourself .

2.Object of gaining trading education isn't Knowledge ,it is to enable action

 

[vas2009]

SGX signaling Nifty open around 8000.This market seems to be going up without any meaningful corrections.Just like S&P and Dow they too have gone 3 years without any corrections(>5%),All mild and shallow corrections of around 5%.
Is Nifty also going to behave in the same manner?

 

[Somatung]

Object of gaining trading education isn't Knowledge ,it is to enable action.

Sounds nice. Still: With out knowledge we are not able to do much in trading. With out knowledge about what trading is to each of us in different ways, as we trade different systems and derivatives, we do more gamble than trading. But with knowledge we are even able to do nothing in trading and to reduce gambling and even action.

So my kindly request to your above comment would be: Could you explain what you mean with some more words, as I think I did not get your final point out of yours above comment. I am not so clever in English, so have to ask you about the deeper meaning of your post. Of course only when your time permits.

Take care and enjoy your day / Dan

 

[sudoku1]

@Vas2009

wat is a MEANINGFUL CORRECTION acording 2 ur critera ?

 

[LivetoTrade]

GDP Data: Q1 GDP growth at 5.7% vs ET NOW Poll of 5.8% QoQ | Q1 Manufacturing growth at 3.5% vs -1.4% QoQ

GDP Data: Q1 Industrial growth at 4.2% vs -0.2% QoQ | Q1 Services growth at 6.8% vs 6.4% QoQ.

GDP Data: Q1 Community, social growth at 9.1% vs 3.3% QoQ | Q1 Trade & hotels growth at 2.8% vs 3.9% QoQ

GDP Data: Q1 Electricity & gas growth at 10.2% vs 7.2% QoQ | Q1 Financial services growth at 10.4% vs 12.4% QoQ

GDP Data: Q1 Mining growth at 2.1% vs -0.4% QoQ | Q1 Construction growth at 4.8% vs 0.7% QoQ

GDP Data: Q1 Agriculture growth at 3.8% vs 6.3% QoQ | Q1 GDP growth at 5.7% vs 4.6% QoQ

 

[Smart_trade]

During the review of the trading for the month of august,two thing i observed from mistakes i made..........

1.Don't fear market,it cannot hurt you,you hurt yourself .

2.Object of gaining trading education isn't Knowledge ,it is to enable action

Very well said...:clapping: markets cannot harm us if we follow the right trading principles and stoplosses.We harm ourselves by overtrading, no stoploss, averaging loosing positions etc. Trading education is not for only thinking and arguing in forums like ours but it is for giving confidence to take trading actions fearlessly.I have seen good technical analysts but they cannot make a penny from the market as they always have doubts and always look for extra confirmations which makes them late to enter the trade and they always miss the trade. We have seen people thinking about the market's next move...which to me means that they have either missed the ongoing move or are on the opposite side of the market in ongoing move..

Smart_trade

 

[Smart_trade]

SGX signaling Nifty open around 8000.This market seems to be going up without any meaningful corrections.Just like S&P and Dow they too have gone 3 years without any corrections(>5%),All mild and shallow corrections of around 5%.
Is Nifty also going to behave in the same manner?

Nobody in this world has any definite knowledge about how far the market will go, when it will start correction, how deep the correction will go etc. All predictions are intelligent guesswork at best ...traders just have to follow the market and profit from it rather than thinking when and how the next move will come, as nobody knows it.

Smart_trade

 

[Somatung]

Very well said...:clapping: markets cannot harm us if we follow the right trading principles and stoplosses.We harm ourselves by overtrading, no stoploss, averaging loosing positions etc. Trading education is not for only thinking and arguing in forums like ours but it is for giving confidence to take trading actions fearlessly.I have seen good technical analysts but they cannot make a penny from the market as they always have doubts and always look for extra confirmations which makes them late to enter the trade and they always miss the trade. We have seen people thinking about the market's next move...which to me means that they have either missed the ongoing move or are on the opposite side of the market in ongoing move..

Smart_trade

Ok, I see. Why I posted my comment to his post: I have learned through knowledge and experience to take less action instead to just to act on every thing. This specially when it comes to future trades. So here was a bit a confusion with his post and that is why I requested some more word on that specific point.

Have a nice day / Dan

 

[Smart_trade]

We need to understand that the market is not a living thing with emotions and feelings . So it goes in its own way...it has no intention to harm us...infact market does not even know what our position is.

We in our everyday life are accoustomed to ecpecting liniency...if we dont do homework, teacher will punish us but with liniency. If we dont perform in the job, the boss will give us many chances to improve, may transfer us...but he wont kill us. But if we misbehaved with the market ( meaning overtraded, no stops, averaged loosing positions etc) , it being a nonliving thing, it has no mercy.....it can inflict great financial miseries, families and careers can be destroyed even lives finished and if we expect mercy and being let off lightly, it is the biggest mistake a trader commits....

But on positive side, the market being non living thing, it can reward you a great deal if you act in tune with it.....it wont tell you that you got double promotions last month...so wait for full year for next promotion...it wont tell you that it has to distribute the gains equally....so no more for you...you trade well and enjoy the unlimited benefits which the market will shower on you. Isn't that a great news for traders ??

Once we understand the above, there wont be any revenge trading....revenge on whom ?? On a non living thing ??Have we ever taken revenge on a table or a chair ?

Smart_trade