re: Day trading Nifty & Banknifty Futures
if we start to press the buy/sell buttons @ opening we saw what happned yesterday opened flat went down to 5318 and rose sharply towards 5375
so easily 40 pt loss within first 5 min.
today could have been just opposite of that.....
So with other words: All the people which tell they made a killing today must have had overnight positions, as Nifty and BNF openend with incredible gapps or must be superb sideways market traders?
What did I miss or was the gap in BNF only 400 points and then the people had time to press the button to make the rest of 300 - 400 points?
The same in Nifty: Gap of 100 point and then the traders had time to enter the market with no clue if it runs up more.
Would mean: No rules behind that, nothing to see in advance that some thing like that will happen. Just a pure lucky game played with sufficient stop losses, isnt't it? If so, nothing bad, but just wondering.
DanPickUp
What did I miss or was the gap in BNF only 400 points and then the people had time to press the button to make the rest of 300 - 400 points?
The same in Nifty: Gap of 100 point and then the traders had time to enter the market with no clue if it runs up more.
Would mean: No rules behind that, nothing to see in advance that some thing like that will happen. Just a pure lucky game played with sufficient stop losses, isnt't it? If so, nothing bad, but just wondering.
DanPickUp
so easily 40 pt loss within first 5 min.
today could have been just opposite of that.....