Day Trading Stocks & Futures

re: Day trading Nifty & Banknifty Futures

this is what i see in nifty spot-
longs made 3 failed attempt from 6170 zone after 1300 hr and each time supply came from around 6185 zone closing finally below 6170 @ 6168 so for me bears have the control as of now.
Going forward highest probability is continuation of down and test of another demand zone 6150, if it breaks then 6120, 6170 are the next demand zones.
2nd scenario is that it goes into sideways between 6150 and 6190.
3rd is that it sustains above 6190 in which case i will expect fridays shorts below 6190 to act as support for any down move and test of 6230.
There are major news events coming so we will have to change our views accordingly.
Sir Vertigo_1985

That is a very nice and expanded post of yours. Very interesting. Could I spot on to some points you mentioned with out having in mind to do any bad to what you posted?

Let me use the following words to be very defensive to what you posted:

It is interesting to see that you use the word: WE. May I ask as a Joe Average who is WE as I not feel in any way any WE to what you post.
 

boarders

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

Sir Vertigo_1985

That is a very nice and expanded post of yours. Very interesting. Could I spot on to some points you mentioned with out having in mind to do any bad to what you posted?

Let me use the following words to be very defensive to what you posted:

It is interesting to see that you use the word: WE. May I ask as a Joe Average who is WE as I not feel in any way any WE to what you post.
Mr. somatung....the implied WE is to mean Traders....why r u so acidic in many of your posts....that attitude may not be the best to have as a trader.....
 

kiran_thiru

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

GOLDEN RULES OF TRADING

· Trade light with strict trailing stop loss
· Buy or sell in staggered way to make most
of volatility
· Do not carry overnight positions except
high risk traders
· Fix stop loss as per your risk appetite
and position
· Fix achievable target in view of
market conditions
· Exit a trade at a slightest hint of weakness
· Your 1st target is to protect capital
· Avoid buying a stock after it has run up fast
· Never catch a falling knife( stock)
· Even if all these precautions a trade goes
wrong, do not try to average or hold as it,
just close the call and hunt for
new opportunity.

how many we follow these rules.
 

sudoku1

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

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please donate here..people are donating so Please you can also

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why d hec u wanna put ur legs in dis dirty politics in d trading thread ?
 

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