Day Trading Stocks & Futures

re: Day trading Nifty & Banknifty Futures

A wild guess this expiry may be well below 7200
If it goes below 7200 I will be extremely happy and will look to buy good stocks for next 4-5 years...but I doubt whether I will get that level now....

Smart_trade
 
re: Day trading Nifty & Banknifty Futures

Most people still dont appreciate the importance of this election mandate which the country has given. It is not just another election...but it is a definite huge shift in the fundamentals of the markets and our country. It will take few months to get it rolling but once it starts rolling, the progress will be very fast. I see huge opportunities for a trader on long as well as short side.

If a trader cannot make his fortune in next 5 years, then I wonder whether he will ever make it.It is that kind of a period we are going through...but this period is not a normal period...it is extraordinary period so all normal calculations like " kitna upar ja sakta hai" or "keep holding the loosing positions we will get our price " will not work. We will have many guys loosing big time too in this period.

Smart_trade
 
re: Day trading Nifty & Banknifty Futures

but this period is not a normal period...it is extraordinary period so all normal calculations like " kitna upar ja sakta hai" or "keep holding the loosing positions we will get our price " will not work. We will have many guys loosing big time too in this period.

Smart_trade
This is the biggest takeaway of this post. Well said :thumb:

In general, traders make more money in bear markets than bull markets for various psychological reasons (and because of the bear market dynamics are more conducive to trading mentality)
 
re: Day trading Nifty & Banknifty Futures

This is the biggest takeaway of this post. Well said :thumb:

In general, traders make more money in bear markets than bull markets for various psychological reasons (and because of the bear market dynamics are more conducive to trading mentality)
Yes...we will have very profitable intermediate uptrends as well as downtrends...big opportunities for traders..

ST
 

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