Day Trading Stocks & Futures

[umesh12]

re: Day trading Nifty & Banknifty Futures

Praveen bhai

Aap IOB mein kitna chahte ho

 

[toocool]

re: Day trading Nifty & Banknifty Futures

You may be right. But our market is controlled by FIIs and we are dependent on their whims and fancies. They just need a cause/reason (bahana) to tank the market or lift the market. In recent past, I have lost, big chunk of money because to this Ukraine and Iraq.

i am sorry to say that you need more time with the markets to understand it better .

stop giving excuses to external problems for your losses , FII, war, iraq, iran , Ukrain are just instruments to transfer your own liability to these factors ,..............who cant even defend themselves because they don't exist .

the day you start taking responsibility of your losses onto yourself ..............will be the day you will truly take the big leap to become a great trader . for that you have to discover your self from the scratch .

the problem is not in these factors ..................the problem lies within you . find it and cure it :thumb:

 

[toocool]

re: Day trading Nifty & Banknifty Futures

Not short trapped since 80.80 waiting for 99.90 or 61 for avging

for next 10 rs down move which you will probably not get , you are ready to buy @ 30 rs higher than today?

this is not some hanky panky company , if you have to buy you can buy it now , its not going to take your money and run away ............its government corporation........

 

[toocool]

re: Day trading Nifty & Banknifty Futures

you may be right. But our market is controlled by fiis and we are dependent on their whims and fancies. They just need a cause/reason (bahana) to tank the market or lift the market. In recent past, i have lost, big chunk of money because to this ukraine and iraq.

i am sorry to say that you need more time with the markets to understand it better .

Stop giving excuses to external problems for your losses , fii, war, iraq, iran , ukrain are just instruments to transfer your own liability to these factors ,..............who cant even defend themselves because they don't exist .

The day you start taking responsibility of your losses onto yourself ..............will be the day you will truly take the big leap to become a great trader . For that you have to discover your self from the scratch .

The problem is not in these factors ..................the problem lies within you . Find it and cure it :thumb:

trading in the zone .............by michael douglas

problem: Failure to take responsibility
trading can be characterized as a pure, unencumbered personal choice with an immediate outcome.
Remember, nothing happens until we decide to start; it lasts as long as we want; and it doesn't end until
we decide to stop. All of these beginnings, middles, and endings are the result of our interpretation of
the information available and how we choose to act on our interpretation. Now, we may want the
freedom to make choices, but that doesn't mean we are ready and willing to accept the responsibility
for the outcomes. Traders who are not ready to accept responsibility for the outcomes of their
interpretations and actions will find themselves in a dilemma: How does one participate in an activity
that allows complete freedom of choice, and at the same time avoid taking responsibility if the outcome
of one's choices are unexpected and not to one's liking?
The hard reality of trading is that, if you want to create consistency, you have to start from the premise
that no matter what the outcome, you are completely responsible. This is a level of responsibility few
people have aspired to before they decide to become traders. The way to avoid responsibility is to adopt
a trading style that is, to all intents and purposes, random. I define random trading as poorly-planned
trades or trades that are not planned at all. It is an unorganized approach that takes into consideration an
unlimited set of market variables, which do not allow you to find out what works on a consistent basis
and what does not.
Randomness is unstructured freedom without responsibility.

when we trade without well-defined plans and with an unlimited set of variables, it's very easy to take credit for the trades that turn out to our liking (because there was "some" method present). At the same
time, it's very easy to avoid taking responsibility for the trades that didn't turn out the way we wanted
(because there's always some variable we didn't know about and therefore couldn't take into
consideration beforehand). If the markets behavior were truly random, then it would be difficult if not
impossible to create consistency. If it's impossible to be consistent, then we really don't have to take
responsibility. The problem with this logic is that our direct experience of the markets tells us
something different. The same behavior patterns present themselves over and over again. Even though
the outcome of each individual pattern is random, the outcome of a series of patterns is consistent
(statistically reliable). This is a paradox, but one that is easily resolved with a disciplined, organized,
and consistent approach.

 

[XRAY27]

re: Day trading Nifty & Banknifty Futures

@ praveen taneja ji

iam presenting my view on bases of PA and pattern in which i have little knowledge...

 

[sabharwal_RK]

re: Day trading Nifty & Banknifty Futures

Is there any method/system/strategy/pattern which has 80-90% success rate for short term investments(1-3 months).

 

[toocool]

re: Day trading Nifty & Banknifty Futures

@ praveen taneja ji

iam presenting my view on bases of PA and pattern in which i have little knowledge...

Only problem is that the next support is way down and stock may never go there.

The reason I said it should be bought now is that we are in a bull run in index and iob has made a double bottom already stock has already corrected from 90+ odd levels to 70 and below which Is more that 20 % correction........... In a bull run in Stock and in index........... That too in a big stock like iob............ I don't expect next base to be tested at all, so it should have already been bought below 70 as an aggressive investment .

Also if the investor has already made up his mind that he will even buy it @ 100 rupees later then it's a prudent strategy to buy it cheap rather than at highs.

The next base is certainly a buying point but it's a bull market, most probably stock would never reach there and make some new pattern and flyaway on highs

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Is there any method/system/strategy/pattern which has 80-90% success rate for short term investments(1-3 months).

You are searching something which does not exit.My experience shows that best trading systems hit rate does not go above 70-75 % max that too in some data samples....so 80-90 % is a myth propogated by system sellers and seminar /methods teachers....it is a big lie. If someone tells you he is 90 % accurate in short term trading over a long period, view such claims with suspecion.

Does it mean that there are no winning systems /set ups ? Not at all....It is the combination of hit rate and Reward to risk that makes a good system.And there are many good systems....one can turn a good market observation into a great winning system.

90% accurate system is Andhashraddha....uska nirmoolan kariye.....

Smart_trade

 

[Mungerilal]

re: Day trading Nifty & Banknifty Futures

90% accurate system is Andhashraddha....uska nirmoolan kariye.....

Smart_trade

Andhashraddha Nirmoolan Samiti ka Pata bhi de dijiye :lol:

Sir,It reminds,
how sad our Police didnt find the murderer of Narendra Dabholkar yet..how shame..how piti is our system. :annoyed:

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

A man many times has wishful thinking and not objective and scientific thinking...we have seen so many getting duped in Gold Double fraud schemes or 7 % per month returns schemes...we always tend to think that others were duped but we may be lucky to find such jackpots. Have we even thought that according to principles of Physics, doubling gold is impossible...also according to economic principles, 7 % per month or 84 % per annum, no economic and entreprenuaral activity can sustain....

If 90 % accurate schemes in trading ( which is characterised by high risk, high rewards activity) is a reality, then hedge funds and multibillion dollars finance companies will never loose money and they will never do any business other than trading business....

I am told that such " Duppat Bhaus and Tippat Bhaus ( that is what they are called in Vidarbha) are doing business in many places in Vidarbha ( like Nagpur) and every year crores of rupees are swindled from small ignorant investors...who invest for marriage of their daughters, education of son and the swindlers as usual manage to run away with police looking at the other side for reasons best known to everyone...

Smart_trade