Day Trading Stocks & Futures

pratapvb

Well-Known Member
re: Day trading Nifty & Banknifty Futures

today my policy has been buy/cover at support....sell/short at resistance...as in range

 

rh6996

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Hi ST Da
Shall we consider Turn over charges also ..as on future its high than options..so approximate 1.25-1.50 points per lot..( turnover + stt+ etc )....

so for those 20 lots..its approximate 25-30 points for those charges also..its a big hazard for traders..if we take all signals,we overtrade...& if we dont take all signals,then we dont know which signal will be in profit..:-( ...
One has to take all signals and that cannot be considered overtrading if same quantity is trade for each signal because that is the base of the system.
As seen in the past, such days occur but not frequently, and the loss get covered mostly the next day.
Yes, the 'other charges' are killing too ! Comes to around avg. Rs.1.30 for buying/selling one lot at around 6100 !
 
re: Day trading Nifty & Banknifty Futures

Hi ST Da
Shall we consider Turn over charges also ..as on future its high than options..so approximate 1.25-1.50 points per lot..( turnover + stt+ etc )....

so for those 20 lots..its approximate 25-30 points for those charges also..its a big hazard for traders..if we take all signals,we overtrade...& if we dont take all signals,then we dont know which signal will be in profit..:-( ...
Yes NT all these charges get added and they reduce the profit / increase the loss.Trend following systems are known to give losses in sideways markets

One has to follow his system and take all trades generated by the system. In my system if I get more than 4- 5 trades in a day, that is an indication that my system is not working well in that trading environment like sideways.

Smart_trade
 

Tlahuicole

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Yes NT all these charges get added and they reduce the profit / increase the loss.Trend following systems are known to give losses in sideways markets

One has to follow his system and take all trades generated by the system. In my system if I get more than 4- 5 trades in a day, that is an indication that my system is not working well in that trading environment like sideways.

Smart_trade
Hi St,

How do you identify the trend is in sideways and no more trending, if we can identify this we can easily trade in box range I guess, please advice.

I currently only see if SMA line is flat, I don't trade as it is sideways pattern, but the indication seems to be lagging.
 
re: Day trading Nifty & Banknifty Futures

Hi St,

How do you identify the trend is in sideways and no more trending, if we can identify this we can easily trade in box range I guess, please advice.

I currently only see if SMA line is flat, I don't trade as it is sideways pattern, but the indication seems to be lagging.
No one can identify the trend or sideways day at the beginning of the day...but as the day progresses, in first 40-50 min it is clear that whether it is a trend day or sideways day which we are trading.On first rally and decline, market gives indication of trend/no trend.

ST
 

pratapvb

Well-Known Member
re: Day trading Nifty & Banknifty Futures

How do you identify the trend is in sideways and no more trending
see some of my post over the last few pages.....I use that yellow range and thick brown lines marked on my chart to decide the zone in which it could potentially go sideways.....outside this I will be trend mode
 

Tlahuicole

Well-Known Member
re: Day trading Nifty & Banknifty Futures

No one can identify the trend or sideways day at the beginning of the day...but as the day progresses, in first 40-50 min it is clear that whether it is a trend day or sideways day which we are trading.On first rally and decline, market gives indication of trend/no trend.

ST
Thanks STbhai and Pratapbhai for response, I will check this thread for your last few posts. I found your VWAP thread difficult to understand as I have a very slow learning capacity, may be learning that completely sometime will help me identify potential trade setups and sideways trends.
 
re: Day trading Nifty & Banknifty Futures

Today the market opened gap down in yesterday's afternoon range. Such days are sideways and very difficult to trade. I have posted this in this thread some time back.Such days one has to trade sideways market methods or trade only when the clear trend emerges.

ST
 

pratapvb

Well-Known Member
re: Day trading Nifty & Banknifty Futures

15min chart to show few more days and showing last few days on this

 

pratapvb

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Thanks STbhai and Pratapbhai for response, I will check this thread for your last few posts. I found your VWAP thread difficult to understand as I have a very slow learning capacity, may be learning that completely sometime will help me identify potential trade setups and sideways trends.
yes vwap trade is slightly advanced to trade it.....but it can be used to know the range....here vwap is not show...I am just using the yellow range...all other things have been switched off....and 2 TF bands

for NF I do this...for bnf I am more actively doing it fulling on vwap system
 

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