Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Sir Smart_trade
You seem, no, you ARE the guru of the gurus here in the forum when it comes to future trading. Thanks from my side to what you have contributed to this forum. Highest respect is given from my side to you, as you also gave/showed me a better understanding about future trading and many other aspects which belong to trading. Thanks for that.
Now I have seen that you wrote this about Sir Oilman5:
@ Oilman5,
Thanks your kind words. I truly believe that an aggressive trader has to know how to play a great defense to stay long in trading and prosper. You have very vast experience in the markets , why don't you continue writing your "journey of the trader " posts whenever you get time ? I used to enjoy reading your earlier posts as I could relate to each stage as I have gone through each of those stages. Do consider.....
May I post my two cents about that and you may have time to do a comment on that little comment:
I have gone in the past silently through many posts of his. Respect, respect to Sir Oilman5. He has posted such extended posts and writings about trading that I feel there is no more to say from his side. Would consider that as: There are times to write and there are times to act.
By no mean to offend any one here, I think in his case only the act part makes sense, as all the rest is written down from his side. What do you think about that?
Sir Smart_trade
You seem, no, you ARE the guru of the gurus here in the forum when it comes to future trading. Thanks from my side to what you have contributed to this forum. Highest respect is given from my side to you, as you also gave/showed me a better understanding about future trading and many other aspects which belong to trading. Thanks for that.
Now I have seen that you wrote this about Sir Oilman5:
@ Oilman5,
Thanks your kind words. I truly believe that an aggressive trader has to know how to play a great defense to stay long in trading and prosper. You have very vast experience in the markets , why don't you continue writing your "journey of the trader " posts whenever you get time ? I used to enjoy reading your earlier posts as I could relate to each stage as I have gone through each of those stages. Do consider.....
May I post my two cents about that and you may have time to do a comment on that little comment:
I have gone in the past silently through many posts of his. Respect, respect to Sir Oilman5. He has posted such extended posts and writings about trading that I feel there is no more to say from his side. Would consider that as: There are times to write and there are times to act.
By no mean to offend any one here, I think in his case only the act part makes sense, as all the rest is written down from his side. What do you think about that?
re: Day trading Nifty & Banknifty Futures
I don't think this time there was any Bull Trap, as there was a clear trend (either up or down) expected from Monday onwards after poll results for rest of the week. Even most of bullish traders booked their long on Monday as market opened with huge profits and waited for next move.
Many traders also wrote higher CEs like 6700,6800 etc on monday as price was lucrative. These were as low risky trades as there was no such positive trigger expected in near term after monday.
Then, market faced a lot of resistance due to lots of CE writing and there was no such positive trigger expected in near term. Finally, a clear one way down trend from Mon day - Fri Day appeared as expected after that big event of poll result. Many time market give a one way move after such big events, so it was very much expected by most of us.
So there was no Bull Trap this time as it was according to the expectations of most of traders.
Happy Trading.
Cheers.
I don't think this time there was any Bull Trap, as there was a clear trend (either up or down) expected from Monday onwards after poll results for rest of the week. Even most of bullish traders booked their long on Monday as market opened with huge profits and waited for next move.
Many traders also wrote higher CEs like 6700,6800 etc on monday as price was lucrative. These were as low risky trades as there was no such positive trigger expected in near term after monday.
Then, market faced a lot of resistance due to lots of CE writing and there was no such positive trigger expected in near term. Finally, a clear one way down trend from Mon day - Fri Day appeared as expected after that big event of poll result. Many time market give a one way move after such big events, so it was very much expected by most of us.
So there was no Bull Trap this time as it was according to the expectations of most of traders.
Happy Trading.
Cheers.
re: Day trading Nifty & Banknifty Futures
Dear Sir Somatung,
Thanks from such kind words from you.
Oilman5 has written many informative posts as he has long experience of trading. Trading is a subject which evolves every day and we as traders learn new things everyday as we also walk on out path of trading so there will never be a stage where one has finished all his ideas and there is nothing further to write.May be frequency of posts go down and we get 1-2 new ideas every week/10 days.Oilman5 writes long posts but that is the way he writes.
Regarding time to write and time to act there is clear cut separation. We are traders so our main job is to trade the markets (ie to act) which we do from 9:15 to 3:30 but after the markets we can spare time to write and share what we have learnt or come across any new trading idea,experience or even a light chit-chat. Writing /sharing and actual trading both have their own places and one does not replace the other...both important in my view.
Best wishes,
Smart_trade
Dear Sir Somatung,
Thanks from such kind words from you.
Oilman5 has written many informative posts as he has long experience of trading. Trading is a subject which evolves every day and we as traders learn new things everyday as we also walk on out path of trading so there will never be a stage where one has finished all his ideas and there is nothing further to write.May be frequency of posts go down and we get 1-2 new ideas every week/10 days.Oilman5 writes long posts but that is the way he writes.
Regarding time to write and time to act there is clear cut separation. We are traders so our main job is to trade the markets (ie to act) which we do from 9:15 to 3:30 but after the markets we can spare time to write and share what we have learnt or come across any new trading idea,experience or even a light chit-chat. Writing /sharing and actual trading both have their own places and one does not replace the other...both important in my view.
Best wishes,
Smart_trade
re: Day trading Nifty & Banknifty Futures
Bull trap is always layed when there is a bullish trend and people expecting market to remain bullish.Market made a bottom at 6000 and started a bullish trend with the hope of Fed tapering getting delayed and BJP getting majority in 4 states. The market went up on opinion poll results with a gap and after the actual results there was another gap so the sentiment was clearly bullish. Most hardened bear would have expected that the uptrend will continue for some more time and the market may go upto 5600-6700 in that momentum. There are no triggers but that was known before the election gap also. If you have heard different analysts all were predicting 6700-7200 in near future....this is the ideal set up for a bull trap.
The downtrend started after the election results and all traders are not so good to change as per the trend and that is why people get trapped in a bull trap...if all are good traders there will be no one getting trapped in any bull/bear trap.
But no issues, if you want to say that it was not a bull trap and all traders were savvy and everyone was expecting the uptrend to end on election announcement and the down trend to start then that will mean that we will have lot many less loosing traders than what they are in the markets....and that is a welcome so it does not matter whether we call it by any other name.
But I see and agree with your point but everyone is not an objective trader in his views about the market like you and that is why people get trapped in loosing positions dont they ?.
Smart_trade
I don't think this time there was any Bull Trap, as there was a clear trend (either up or down) expected from Monday onwards after poll results for rest of the week. Even most of bullish traders booked their long on Monday as market opened with huge profits and waited for next move.
Many traders also wrote higher CEs like 6700,6800 etc on monday as price was lucrative. These were as low risky trades as there was no such positive trigger expected in near term after monday.
Then, market faced a lot of resistance due to lots of CE writing and there was no such positive trigger expected in near term. Finally, a clear one way down trend from Mon day - Fri Day appeared as expected after that big event of poll result. Many time market give a one way move after such big events, so it was very much expected by most of us.
So there was no Bull Trap this time as it was according to the expectations of most of traders.
Happy Trading.
Cheers.
Many traders also wrote higher CEs like 6700,6800 etc on monday as price was lucrative. These were as low risky trades as there was no such positive trigger expected in near term after monday.
Then, market faced a lot of resistance due to lots of CE writing and there was no such positive trigger expected in near term. Finally, a clear one way down trend from Mon day - Fri Day appeared as expected after that big event of poll result. Many time market give a one way move after such big events, so it was very much expected by most of us.
So there was no Bull Trap this time as it was according to the expectations of most of traders.
Happy Trading.
Cheers.
The downtrend started after the election results and all traders are not so good to change as per the trend and that is why people get trapped in a bull trap...if all are good traders there will be no one getting trapped in any bull/bear trap.
But no issues, if you want to say that it was not a bull trap and all traders were savvy and everyone was expecting the uptrend to end on election announcement and the down trend to start then that will mean that we will have lot many less loosing traders than what they are in the markets....and that is a welcome so it does not matter whether we call it by any other name.
But I see and agree with your point but everyone is not an objective trader in his views about the market like you and that is why people get trapped in loosing positions dont they ?.
Smart_trade
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