Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
I too infected type 2 from 2005 to 2013 June ..
then cured miraculously ... ? ...( still i don't say it is miraculous cure .. since recovered complete loss with very small capital and recovered not in a single trade but in six to seven months ) hence seems curing did properly ..
but now type 1 infection is there :rofl::rofl:...
totally
any solution ST ....
I too infected type 2 from 2005 to 2013 June ..
then cured miraculously ... ? ...( still i don't say it is miraculous cure .. since recovered complete loss with very small capital and recovered not in a single trade but in six to seven months ) hence seems curing did properly ..
but now type 1 infection is there :rofl::rofl:...
totally
any solution ST ....
re: Day trading Nifty & Banknifty Futures
Yes.
After 4 days continous sell off, today price rejected to fall much lower levels and holded.
Price also formed PINBAR setup in Nifty and Banknifty chart at EOD so maybe from 2morrow change of direction.
Let's see which side FIREWORKS and Which side FIREBURNS... :lol:
may be this hold good for day trading guys ..
for swing .. today is day to position urself ... to fire or get fired ...
for swing .. today is day to position urself ... to fire or get fired ...
Yes.
After 4 days continous sell off, today price rejected to fall much lower levels and holded.
Price also formed PINBAR setup in Nifty and Banknifty chart at EOD so maybe from 2morrow change of direction.
Let's see which side FIREWORKS and Which side FIREBURNS... :lol:
re: Day trading Nifty & Banknifty Futures
--------------
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
--------------
Change your Strategy:-
When you think of buying CE just SELL PE.
When you think of buying PE just SELL CE.
Sell option inside price range about Rs 60-120.
Don't use this strategy in big event day (big volatility day when fundamental or geopolitical news is coming).
If you don't have enough capital try with 2 lots.
Too much greed is not good, profit target is 50-120 points per month per lot net.
You need little patience (don't square off quickly) & discipline (identify boring market which is most of time you know )
You will loose money only when market moves fast opposite of your direction which is only 15-20%. But market remains range bound 60-70 % and rest 15-20% is in your favor.
So when you sell options with discipline, you win 80% time even in INTRADAY.
I think some friends here also reading this, who are loosing money every day using conventional option trading.
Just try that with 2 lots first. Rs 5000 to 7000 net profit per month is not bad enough doing 2 lots Nifty option selling. You can increase lot when confident. Just try it differently.
Best Wishes.
Happy Trading.
H.C.
--------------
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
--------------
Change your Strategy:-
When you think of buying CE just SELL PE.
When you think of buying PE just SELL CE.
Sell option inside price range about Rs 60-120.
Don't use this strategy in big event day (big volatility day when fundamental or geopolitical news is coming).
If you don't have enough capital try with 2 lots.
Too much greed is not good, profit target is 50-120 points per month per lot net.
You need little patience (don't square off quickly) & discipline (identify boring market which is most of time you know
)You will loose money only when market moves fast opposite of your direction which is only 15-20%. But market remains range bound 60-70 % and rest 15-20% is in your favor.
So when you sell options with discipline, you win 80% time even in INTRADAY.
I think some friends here also reading this, who are loosing money every day using conventional option trading.
Just try that with 2 lots first. Rs 5000 to 7000 net profit per month is not bad enough doing 2 lots Nifty option selling. You can increase lot when confident. Just try it differently.
Best Wishes.
Happy Trading.
H.C.
re: Day trading Nifty & Banknifty Futures
Hi Jai Mata Di
Your above post has its value. It is a high risk approach when not understood in every specific detail and the so called 80% winning approach gives a wrong impression about this kind of option trading. As you came up with the topic, it is also your duty to spot on the stop loss side when trading this way of options. Why did you not spot on it? I assume you forgot it, isn't it? Take care / Dan
--------------
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
--------------
Change your Strategy:-
When you think of buying CE just SELL PE.
When you think of buying PE just SELL CE.
Sell option inside price range about Rs 60-120.
Don't use this strategy in big event day (big volatility day when fundamental or geopolitical news is coming).
If you don't have enough capital try with 2 lots.
Too much greed is not good, profit target is 50-120 points per month per lot net.
You need little patience (don't square off quickly) & discipline (identify boring market which is most of time you know )
You will loose money only when market moves fast opposite of your direction which is only 15-20%. But market remains range bound 60-70 % and rest 15-20% is in your favor.
So when you sell options with discipline, you win 80% time even in INTRADAY.
I think some friends here also reading this, who are loosing money every day using conventional option trading.
Just try that with 2 lots first. Rs 5000 to 7000 net profit per month is not bad enough doing 2 lots Nifty option selling. You can increase lot when confident. Just try it differently.
Best Wishes.
Happy Trading.
H.C.
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
--------------
Change your Strategy:-
When you think of buying CE just SELL PE.
When you think of buying PE just SELL CE.
Sell option inside price range about Rs 60-120.
Don't use this strategy in big event day (big volatility day when fundamental or geopolitical news is coming).
If you don't have enough capital try with 2 lots.
Too much greed is not good, profit target is 50-120 points per month per lot net.
You need little patience (don't square off quickly) & discipline (identify boring market which is most of time you know
)You will loose money only when market moves fast opposite of your direction which is only 15-20%. But market remains range bound 60-70 % and rest 15-20% is in your favor.
So when you sell options with discipline, you win 80% time even in INTRADAY.
I think some friends here also reading this, who are loosing money every day using conventional option trading.
Just try that with 2 lots first. Rs 5000 to 7000 net profit per month is not bad enough doing 2 lots Nifty option selling. You can increase lot when confident. Just try it differently.
Best Wishes.
Happy Trading.
H.C.
Your above post has its value. It is a high risk approach when not understood in every specific detail and the so called 80% winning approach gives a wrong impression about this kind of option trading. As you came up with the topic, it is also your duty to spot on the stop loss side when trading this way of options. Why did you not spot on it? I assume you forgot it, isn't it? Take care / Dan
re: Day trading Nifty & Banknifty Futures
Hi, Dan,
I said, So when you sell options with discipline
Stop Loss is same from basic money management theory. Which is not more than 2 OR 3% per trade. For example when someone selling 1 lot nifty options in said 60-120 Rs range MINIMUM Capital required around 40K[ including some reserve capital]. So 2-3% is about Rs 800-1200. When you divide it by 50 UNIT [1 LOT] it is 16-24 point. So, If option price is Rs 80, stop loss is not more than 20-30%.
I am said following things also,
This is not for big event days, only intraday, specially in boring (range bound) market like today when market is waiting for another trigger (in consolidating mode) after a big event (budget) day.
Traders can follow same strategy of decision making as earlier, for target and stoploss they used for buying option AND just replace trade as instead of buy CE, sell PE and SL is according to basic rule as said above.
As intraday option trading is always risky, I said try with 2 lots (100 units). You will not loose much with basic money management not more than 2-3% per trade. Keep track of trading diary to fine tuning this strategy with experience and avoid big even days like Budget, Inflation/Interest Rate announcement days.
Thank you all and best wishes.
Happy Trading.
H.C
Hi, Dan,
I said, So when you sell options with discipline
Stop Loss is same from basic money management theory. Which is not more than 2 OR 3% per trade. For example when someone selling 1 lot nifty options in said 60-120 Rs range MINIMUM Capital required around 40K[ including some reserve capital]. So 2-3% is about Rs 800-1200. When you divide it by 50 UNIT [1 LOT] it is 16-24 point. So, If option price is Rs 80, stop loss is not more than 20-30%.
I am said following things also,
This is not for big event days, only intraday, specially in boring (range bound) market like today when market is waiting for another trigger (in consolidating mode) after a big event (budget) day.
Traders can follow same strategy of decision making as earlier, for target and stoploss they used for buying option AND just replace trade as instead of buy CE, sell PE and SL is according to basic rule as said above.
As intraday option trading is always risky, I said try with 2 lots (100 units). You will not loose much with basic money management not more than 2-3% per trade. Keep track of trading diary to fine tuning this strategy with experience and avoid big even days like Budget, Inflation/Interest Rate announcement days.
Thank you all and best wishes.
Happy Trading.
H.C
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