Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
thats very hard to do 1 min tf traders can get easily sucked into trades... 
Then the choice is yours, isn't it? :thumb:
If u want to relax and trade, take the 5 min. Else, if u can manage the pace, take the 1 min. With the 1 min, u may even be able to trade part time, and take off the rest of the time.
If u want to relax and trade, take the 5 min. Else, if u can manage the pace, take the 1 min. With the 1 min, u may even be able to trade part time, and take off the rest of the time.
re: Day trading Nifty & Banknifty Futures
Yeah augubhai, I will try it, if I am capable of managing trades on small tfs I should go shorter tf mode
Then the choice is yours, isn't it? :thumb:
If u want to relax and trade, take the 5 min. Else, if u can manage the pace, take the 1 min. With the 1 min, u may even be able to trade part time, and take off the rest of the time.
If u want to relax and trade, take the 5 min. Else, if u can manage the pace, take the 1 min. With the 1 min, u may even be able to trade part time, and take off the rest of the time.
re: Day trading Nifty & Banknifty Futures
Tlahuicole,
1. 1min TF will have more trades and hence more profits. But, the struggle would be to execute them flawlessly. One has to be extremely nimble. But, you said you were able to execute them well. So,we are good there.
2. 1min TF would wear you down faster than you think. There is also possibility of screwing our psychology if we miss 1 or 2 trades when the mkt moves away faster.
My suggestion would be to trade 1min with lesser size than usual for a month and see how efficient you were in executing it. 100% efficiency is every trader's dream and if you are anywhere above 95-96% efficient, with all your means, continue to trade 1min TF. Efficiency is executing the plan flawlessly (market slippages and runaway mkts are not your errors..but, did not watch the screen, trade happened while taking loo, did not pull the trigger for whatever reason are our errors)
Having said all this, please keep pt #2 in mind as this game is all about longevity i.e. being there for multiple decades (if you are surviving for more than a decade, there is a great chance that you are heading towards creating a sizable wealth..longevity is the key)..so, striking this balance is upto you.
Hope it helps.
Experts,
One question.
Might be idiotic but need some adivce.
1) If one person is able to trade well in both tfs 5 min and 1 min, what do you think will be better to take trades on 1 or 5?
2)I tried back testing same method by implementing same rules in 1 min, and found that profits are way more compared to 5 min tf.
What would you do on this scenario ?
One question.
Might be idiotic but need some adivce.
1) If one person is able to trade well in both tfs 5 min and 1 min, what do you think will be better to take trades on 1 or 5?
2)I tried back testing same method by implementing same rules in 1 min, and found that profits are way more compared to 5 min tf.
What would you do on this scenario
?
1. 1min TF will have more trades and hence more profits. But, the struggle would be to execute them flawlessly. One has to be extremely nimble. But, you said you were able to execute them well. So,we are good there.
2. 1min TF would wear you down faster than you think. There is also possibility of screwing our psychology if we miss 1 or 2 trades when the mkt moves away faster.
My suggestion would be to trade 1min with lesser size than usual for a month and see how efficient you were in executing it. 100% efficiency is every trader's dream and if you are anywhere above 95-96% efficient, with all your means, continue to trade 1min TF. Efficiency is executing the plan flawlessly (market slippages and runaway mkts are not your errors..but, did not watch the screen, trade happened while taking loo, did not pull the trigger for whatever reason are our errors)
Having said all this, please keep pt #2 in mind as this game is all about longevity i.e. being there for multiple decades (if you are surviving for more than a decade, there is a great chance that you are heading towards creating a sizable wealth..longevity is the key)..so, striking this balance is upto you.
Hope it helps.
re: Day trading Nifty & Banknifty Futures
Sorry to hear that. Nobody can tell you what you have to do. Even then let me say this: As you do not need the money you make in trading for your live, I would suggest to stop trading and spend some more time on your health issues, what ever they are.
One hour walking outside in the fresh air, done every day, can do a lot to a better health. Never using elevators or only part time in the place we may have our apartment will do very good to our health. Changing the way we eat could in many cases help. Giving away some response or asking for professional help in any situation we have a lot of pressure can do very good to our health. Reducing smoking and drinking will do best to our health in case that is a problem. Only a few ways which in most cases cost nothing, but only the will to start doing it can and will change our health physically and mentally. Take care and I hope to hear soon better news from you / DanPickUp
Sorry to hear that. Nobody can tell you what you have to do. Even then let me say this: As you do not need the money you make in trading for your live, I would suggest to stop trading and spend some more time on your health issues, what ever they are.
One hour walking outside in the fresh air, done every day, can do a lot to a better health. Never using elevators or only part time in the place we may have our apartment will do very good to our health. Changing the way we eat could in many cases help. Giving away some response or asking for professional help in any situation we have a lot of pressure can do very good to our health. Reducing smoking and drinking will do best to our health in case that is a problem. Only a few ways which in most cases cost nothing, but only the will to start doing it can and will change our health physically and mentally. Take care and I hope to hear soon better news from you / DanPickUp
re: Day trading Nifty & Banknifty Futures
Ravi this is a bad time to be staying in the mountains. Even Udayan Mukherjee has temporarily shifted back to Mumbai from his new home in Kumaon Hills.
The good thing is that after Sankranti, it should start getting warmer.
Can you PM me about your specific health issues ? I used to be in touch with a lot of medicos.
Dan, his problem appears to be basically the strong cold wave in North India.
unfortunately my health is very poor , ek paanv kabra mein hai, dusra NOW terminal ke aage , kabhi bhi tapak sakta hun
The good thing is that after Sankranti, it should start getting warmer.
Can you PM me about your specific health issues ? I used to be in touch with a lot of medicos.
Sorry to hear that. Nobody can tell you what you have to do. Even then let me say this: As you do not need the money you make in trading for your live, I would suggest to stop trading and spend some more time on your health issues, what ever they are.
One hour walking outside in the fresh air, done every day, can do a lot to a better health. Never using elevators or only part time in the place we may have our apartment will do very good to our health. Changing the way we eat could in many cases help. Giving away some response or asking for professional help in any situation we have a lot of pressure can do very good to our health. Reducing smoking and drinking will do best to our health in case that is a problem. Only a few ways which in most cases cost nothing, but only the will to start doing it can and will change our health physically and mentally. Take care and I hope to hear soon better news from you / DanPickUp
One hour walking outside in the fresh air, done every day, can do a lot to a better health. Never using elevators or only part time in the place we may have our apartment will do very good to our health. Changing the way we eat could in many cases help. Giving away some response or asking for professional help in any situation we have a lot of pressure can do very good to our health. Reducing smoking and drinking will do best to our health in case that is a problem. Only a few ways which in most cases cost nothing, but only the will to start doing it can and will change our health physically and mentally. Take care and I hope to hear soon better news from you / DanPickUp
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