Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Though today End with out any move ..still a down move is there --IMO ..
Suddenly wondering What type of world we are living ..
we put our hard cash in the market and holding our breath every day passes to at least save the money we put in .. this should not be the way ..
Though today End with out any move ..still a down move is there --IMO ..
Suddenly wondering What type of world we are living ..
we put our hard cash in the market and holding our breath every day passes to at least save the money we put in .. this should not be the way ..
re: Day trading Nifty & Banknifty Futures
All technicals being *@*@ed by Algo trading,making trading difficult for retail traders.
As an example see the following
On 9/6/2014
LT opened at 1702.5 and the first 5 min bar made a low of 1539.
On 2/6/2014
BajajAuto opened at 1945.05 with first 5 min bar low at 1924.02 and next 5 min bar high at 1990.05
On 30/5/2014
Spot Nifty opened at 7256 and first 5 min bar made a low at 7118.45
and several such examples of manipulated data and trading making life miserable for intraday and swing trading.
Also major moves come in the first 5 min or last 15 min when it is very difficult for day traders to trade.
Not to mention the huge gap ups and gap downs on open in index and stocks.
Though today End with out any move ..still a down move is there --IMO ..
Suddenly wondering What type of world we are living ..
we put our hard cash in the market and holding our breath every day passes to at least save the money we put in .. this should not be the way ..
Suddenly wondering What type of world we are living ..
we put our hard cash in the market and holding our breath every day passes to at least save the money we put in .. this should not be the way ..
As an example see the following
On 9/6/2014
LT opened at 1702.5 and the first 5 min bar made a low of 1539.
On 2/6/2014
BajajAuto opened at 1945.05 with first 5 min bar low at 1924.02 and next 5 min bar high at 1990.05
On 30/5/2014
Spot Nifty opened at 7256 and first 5 min bar made a low at 7118.45
and several such examples of manipulated data and trading making life miserable for intraday and swing trading.
Also major moves come in the first 5 min or last 15 min when it is very difficult for day traders to trade.
Not to mention the huge gap ups and gap downs on open in index and stocks.
Last edited:
re: Day trading Nifty & Banknifty Futures
dunno what exchange does about cases like these, its their responsibility to prevent these types of trades, they are waiting for such things to happen in nifty, then only everyone will start crying...
all that being said its all part and parcel of the game, no point in getting frustrated with these things.
All technicals being *@*@ed by Algo trading,making trading difficult for retail traders.
As an example see the following
On 9/6/2014
LT opened at 1702.5 and the first 5 min bar made a low of 1539.
On 2/6/2014
BajajAuto opened at 1945.05 with first 5 min bar low at 1924.02 and next 5 min bar high at 1990.05
On 30/5/2014
Spot Nifty opened at 7256 and first 5 min bar made a low at 7118.45
and several such examples of manipulated data and trading making life miserable for intraday and swing trading.
Also major moves come in the first 5 min or last 15 min when it is very difficult for day traders to trade
As an example see the following
On 9/6/2014
LT opened at 1702.5 and the first 5 min bar made a low of 1539.
On 2/6/2014
BajajAuto opened at 1945.05 with first 5 min bar low at 1924.02 and next 5 min bar high at 1990.05
On 30/5/2014
Spot Nifty opened at 7256 and first 5 min bar made a low at 7118.45
and several such examples of manipulated data and trading making life miserable for intraday and swing trading.
Also major moves come in the first 5 min or last 15 min when it is very difficult for day traders to trade
all that being said its all part and parcel of the game, no point in getting frustrated with these things.
re: Day trading Nifty & Banknifty Futures
Vertigo
Totally agree with you on this view.
But I will tell one incident when I was trying to put a limit order in one stock, by a typing error ,I typed in a price 200 rs above the current market price and my terminal was locked by the broker(prefer not naming him, a very reputed broker) for half an hour till the order was cancelled by NSE.
Why does a similar thing does not happen with Algo trades.Remember the flash crash of 5th October-2012.People lost heavily due to the mistake of one broking firm and many people have still not recovered their hard earned money and nobody has been even punished or warned.
Or take the recent NSEL fiasco,how investors have lost heavily.
Vertigo
Totally agree with you on this view.
But I will tell one incident when I was trying to put a limit order in one stock, by a typing error ,I typed in a price 200 rs above the current market price and my terminal was locked by the broker(prefer not naming him, a very reputed broker) for half an hour till the order was cancelled by NSE.
Why does a similar thing does not happen with Algo trades.Remember the flash crash of 5th October-2012.People lost heavily due to the mistake of one broking firm and many people have still not recovered their hard earned money and nobody has been even punished or warned.
Or take the recent NSEL fiasco,how investors have lost heavily.
Last edited:
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