Day Trading Stocks & Futures

re: Day trading Nifty & Banknifty Futures

This post is about PA trading.

My opinion.... this is all visible in hindsight.

After a trade goes wrong, you can always draw another trendline that seems more visible now than before, and blame yourself for not seeing that trouble area before.

This is all subjective trading.
Doing it in realtime is extremely difficult, and a trader will always be one step behind, finding faults for not looking at this or that trendline or S/R or trouble area, or test, or retest, or failure, or BOF, etc etc.

Just my opinion, others may feel that the holy grail has just been discovered. Thats their opinion
no-one is talking about holy-grail here.
Trading like any other skill needs learning which needs us to perform-> review -> feedback -> perform , and this needs to be repeated again and again to improve and excel.
The faults that you see in hindsight are not something to feel negative but
are to be seen as things that you can learn and thus improve, they are opportunities to improve. You can get better at doing things only after proper feedback and hardwork.
 

kiran_thiru

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

Not RIL but RIL FUT
and that was first 1 min candle
and that also made a + ww in daily tf, yesterday
thank you sir, i forget to mention that is ril fut.
 

RAAMAKANT

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

I think, intraday game is over in 1st 15 min.
On FED US market boomed and our market tie tie fish.
FIIS profit leke chali gayi Christmas manane............ :( :)
 
re: Day trading Nifty & Banknifty Futures

Nothing in trading world will tell us with certainty what is going to happen in future. But TA tells us what is the trend so what are the probabilities of price movements, S/R so that we know what are support and resistances and that is all that is required for trading. Future need not be predicted ,no one can do it with any consistant accuracy..

If we are in uptrend and the market dips to a support area, we buy with a stoploss so if the support holds and the uptrend continues ( which has a strong probability) ,we make 2R,3R or more by taking risk =R . If the support does not hold, we loose 1R ....

This to me is a holy grail in trading.

Smart_trade
 

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