Day Trading Stocks & Futures

[DSM]

re: Day trading Nifty & Banknifty Futures

Vertigo, just my views in blue

Hi DSM,

I was long since 6200 and had plans of shorting on election result day, did so and posted it in forum

This is one reason for not posting trades/position in the forum. Usually, you will find atleast 50% traders on the 'other side' and may want to 'help' you. There is always another reason/indicator/view to take contra position to what one has, and hence this may make you doubt your position, and worse, yourself.

I have been long again since nifty was around 7500 and had posted my views atleast 2 weeks back that i will be long till budget and look to short it on budget day.

Great trade.

My next trade idea was to short on budget day as i didnt anticipate such big fall today. If market has risen today then too i would have shorted it on budget day.

It is ok to have a view on events, but we must be flexible to do a quick turnaround based on what the screen says. Markets can do anything, and go anywhere. The quicker we are to recognize this, change our thinking and align our position with the market, the better we can trade.

Cheers and have a good day.

 

[essem]

re: Day trading Nifty & Banknifty Futures

Enjoy another fall today.

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

Enjoy another fall today.

today must be 300 point fall :annoyed:

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

today must be 300 point fall :annoyed:

germany - 7 brazil - 1 and nifty ?

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

germany - 7 brazil - 1 and nifty ?

then nifty 710 point fall => lower circuit

 

[ap*]

re: Day trading Nifty & Banknifty Futures

Enjoy another fall today.

any reason why your expecting another fall today?

 

[umesh12]

re: Day trading Nifty & Banknifty Futures

gap up or gap down the crudest way of looking at it is the last 5min before closing. so yesterday nifty recovered a bit before close. hence gap up.

bought a ton of calls yesterday after the crash. Now waiting. Nifty can recover in the next 3 sessions and go past the previous high with ease. sls are needed though to protect capital.

Hats off, for your reasoning
Then you should have posted it here

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

wtf every time I buy puts there is always a reversal :annoyed:

 

[ap*]

re: Day trading Nifty & Banknifty Futures

Hats off, for your reasoning
Then you should have posted it here

i was never involved in that conversation only gave MY outlook on it after i saw the posts. still a novice in the this and dont claim to be an expert so the sarcasm was unwarranted.

 

[DIVYEDIX]

re: Day trading Nifty & Banknifty Futures

wtf every time I buy puts there is always a reversal :annoyed:

in this case try option strangle for some days. :lol::lol: