Day Trading Stocks & Futures

re: Day trading Nifty & Banknifty Futures

direction was right :thumb:
But on 11 and 14 July market was selling off....so was holding bullish view right ? Is it strong conviction or hopeful thinking, trapped long positions or view on longer timeframe ? What if the market would have gone to 7300 or 7200 ??

Market started its present upmove from 15th noon...so from that time, bullish view is justified...not on 11 th and 14th.

Everyone has to think on these points in his own mind....

Smart_trade
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

But on 11 and 14 July market was selling off....so was holding bullish view right ? Is it strong conviction or hopeful thinking, trapped long positions or view on longer timeframe ? What if the market would have gone to 7300 or 7200 ??

Market started its present upmove from 15th noon...so from that time, bullish view is justified...not on 11 th and 14th.

Everyone has to think on these points in his own mind....

Smart_trade
11th low was 7466 , which was marginally breached by 14th low of 7445 , so looking back now it was almost bottom , at that time I was thinking of 7300-7400 but :annoyed::mad::eek:
 
re: Day trading Nifty & Banknifty Futures

The above is no way a comment on anyone's market view.....I wish everyone well...but I saw a danger that this reinforces a belief that accumalating positions against the trend and adding to loosing positions is a right thing to do...just posted to warn against the belief....

More money is lost in trying to catch the bottom/top than all other reasons combined....

ST
 
re: Day trading Nifty & Banknifty Futures

those trading after 2010 , never seen circuit in nifty :mad:
Lucky they are...I have seen 3 consecutive lower circuits in a single day and trading suspended for a day...that was in 2008

ST
 

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