Day Trading Stocks & Futures

A

altaf petiwala

Well-Known Member
#21,441
#21,441
re: Day trading Nifty & Banknifty Futures

altaf petiwala said:
Based on the ufo sightings in my area, I predict the market may move significantly from here.

Since the light flash was so bright, I did not see the direction of the ufo movement, so it can be in either direction. Trade accordingly, and keep stops at appropriate levels. Book profits at proper support and resistance areas, re entering on seeing further strength.

There .... a complete strategy with entries, stops, profit targets, and even re entries :)

Beat that :)
Click to expand...
As predicted, the market has gone up :) :rofl::rofl::rofl:
 
Somatung

Somatung

Banned
#21,448
#21,448
re: Day trading Nifty & Banknifty Futures

timepass said:
I think that only the smarter call holders who had the sense to buy in 10 days ago are having fun, right Dan :)
Click to expand...
Depending which calls have been bought (best of course atm), they went deep itm and so theta will not be a problem for them. On the other hand any move from the underlying has a direct impact on the value from this itm calls. BNF itm call holders suffer a bit more stress compare to NF itm call holders, as the swings I see in BNF are a bit wilder compare to NF. The swings in BNF are a bit like the swings in the Dow Jones:)
 
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