Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Here is the original Quote - Mark D Cook
"It's all a matter of probabilities. I like high-probability trades. This trade, as many of the other trades I do, works approximately seven out of eight times on average. If I make 3 points seven times and lose 6 points one time, I still come out ahead 15 points across eight trades.
Another trade I do involves watching the ratio between the S&P and Nasdaq. I use this information to decide which market I will trade if I get a signal. If I get a buy signal on one of my other indicators, I will buy the index that is relatively stronger that day. And if I get a sell signal, I will sell the index that is relatively weaker."
Here is the original Quote - Mark D Cook
"It's all a matter of probabilities. I like high-probability trades. This trade, as many of the other trades I do, works approximately seven out of eight times on average. If I make 3 points seven times and lose 6 points one time, I still come out ahead 15 points across eight trades.
Another trade I do involves watching the ratio between the S&P and Nasdaq. I use this information to decide which market I will trade if I get a signal. If I get a buy signal on one of my other indicators, I will buy the index that is relatively stronger that day. And if I get a sell signal, I will sell the index that is relatively weaker."
re: Day trading Nifty & Banknifty Futures
These folks are at the top of the game. They take only high probability trades. We are so compulsive that we often take low probability trades ending up with losers . 7/8 is godlike. I know so many traders trading only one setup . For example trade only gaps etc.still the make a hell lot of money.
These folks are at the top of the game. They take only high probability trades. We are so compulsive that we often take low probability trades ending up with losers . 7/8 is godlike. I know so many traders trading only one setup . For example trade only gaps etc.still the make a hell lot of money.
re: Day trading Nifty & Banknifty Futures
One of the most important quality of a trader is patience. We must be patient and wait for the right trade. If there is nothing to trade, don't trade anything.
We must also be patient for an easy kill. Here is a good quote on that.
“Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, but preferably one that is also sick or lame. Only then, when there is no chance it can lose its prey, does it attack. That, to me, is the epitome of professional trading.”
Mark Weinstein
One of the most important quality of a trader is patience. We must be patient and wait for the right trade. If there is nothing to trade, don't trade anything.
We must also be patient for an easy kill. Here is a good quote on that.
“Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, but preferably one that is also sick or lame. Only then, when there is no chance it can lose its prey, does it attack. That, to me, is the epitome of professional trading.”
Mark Weinstein
re: Day trading Nifty & Banknifty Futures
http://ninetrans.blogspot.in/2013/08/patience-and-agility.html
http://ninetrans.blogspot.in/2013/08/patience-and-agility.html
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