Day Trading Stocks & Futures

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Day Trading is not that much bad you think.

In day trading. I couldnt attend important functions such as marriages, death , house warming ceremony, Some important functions. I get irritated if some guests come at home during trading hours expecially in the last half an hour.

I couldnt answer the phone properly. I am always absent minded. I had spoiled many relations and lost very good friends due to day trading.

It is stressful, keep on watching the screen.Bad for eyes and health etc.

Temptations to overtrade etc
mundeji your first line is ........., then all the next lines prove day trading is bad :lol::lol::lol:
 
re: Day trading Nifty & Banknifty Futures

Originally Posted by munde_77
Sold 300 BNF JAN 11300 PE at 247 and 200 BNF JAN 11600 CE at 272

Sold 300 BNF JAN 11100 PE at 178

Bought 600 BNF JAN 10900 PE at 105

If market closes above 11600 , I will write 11700 or 11800 pe after covering and booking profit in 11300. If market closes below 11300 , i will write 11100 or 11000 ce after coveriing and booking profit in 11600. So likewise i will keep on covering lower strike pe and writing higher strike pe if market rises and if market falls i will keep on covering higher ce and keep on writing lower strike ce

The downside is protected from any unknow crash by ratio backspread. There is difference between Theoritical and real movement of backspread.
__________________

I always keep roughly 300 points in my hand for adjustment on upperside. Also the ratio is sell 1 lot call otm , sell 2 lot put otm again sell 2 lot far otm put and buy 4 lot far far otm put. i.e by ratio backspread downside is protected from unexpected crash. I always keep 1.5 or 2 times more position in put than call andl alway keep distance of 300 points for adjustment.call 250 + put 250 + 250 = 750/2 = 375 so 11300 - 375 is breakeven downside. Meanwhile I will cover calls and keep on writing lower strike price. by covering upper strike price. I dont know how to express or convince as my english is not good
Hi,

Please provide an example of ratio backspread in Nifty.

I dont trade in BNF so not understanding properly. Thanks!
 

pratapvb

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

Originally Posted by munde_77
Sold 300 BNF JAN 11300 PE at 247 and 200 BNF JAN 11600 CE at 272

Sold 300 BNF JAN 11100 PE at 178

Bought 600 BNF JAN 10900 PE at 105

If market closes above 11600 , I will write 11700 or 11800 pe after covering and booking profit in 11300. If market closes below 11300 , i will write 11100 or 11000 ce after coveriing and booking profit in 11600. So likewise i will keep on covering lower strike pe and writing higher strike pe if market rises and if market falls i will keep on covering higher ce and keep on writing lower strike ce

The downside is protected from any unknow crash by ratio backspread. There is difference between Theoritical and real movement of backspread.
__________________

I always keep roughly 300 points in my hand for adjustment on upperside. Also the ratio is sell 1 lot call otm , sell 2 lot put otm again sell 2 lot far otm put and buy 4 lot far far otm put. i.e by ratio backspread downside is protected from unexpected crash. I always keep 1.5 or 2 times more position in put than call andl alway keep distance of 300 points for adjustment.call 250 + put 250 + 250 = 750/2 = 375 so 11300 - 375 is breakeven downside. Meanwhile I will cover calls and keep on writing lower strike price. by covering upper strike price. I dont know how to express or convince as my english is not good
when mkt closes above 11600 and you cover your lower PE and when writing you are writing higher ITM PE at that time?......what happens when it moves further up...you call is exposed no?....or your ITM PE will take care?
 
re: Day trading Nifty & Banknifty Futures

when mkt closes above 11600 and you cover your lower PE and when writing you are writing higher ITM PE at that time?......what happens when it moves further up...you call is exposed no?....or your ITM PE will take care?
I keep on covering lower pe and keep on writing higher pe. Also the ration of pe is more than ce . The ratio of the pe will be 1.5, 1.75 or 2 times the ce. So it will take care. The delta will be more in pe
 

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