Day Trading Stocks & Futures

[Shiv12345]

Shiv ji, what is your win:l0ss ratio on trades?

Hi ... Good question Simple bro .... Just like every other human being, I also possess the characteristic trait to 'show off' or share ONLY THE PROFITABLE trades (most of the time).

However, frankly speaking, if one can keep the trading setup SIMPLE enough, he/she will always take correct trades most of time. Now coming back to the question, by making SIMPLIFIED use of elliott waves and tracking premium erosion daily and by focusing on only one thing since past couple of years (i.e. my addiction BANK NIFTY), I am somehow able to take 6 to 7 correct trades out of 10 (approx) these days. If truth be told, the situation was very grim couple of years back. It took me 24 months to improve my ratio.

The main thing is that Stop Loss is our best friend and limits our losses whenever we go wrong. So the main funda is to keep it SIMPLE ....

 

[simplebuthard]

Thats wonderful bro. Keep up the good work. Enjoy!

 

[Shiv12345]

Interesting data for today:- FIIs sold Rs. 44 crore but DIIs bought Rs. 550 crores. Pretty obvious that who all are ABSENT & PRESENT these days.

 

[Shiv12345]

Same story today as well .... Waiting for 2nd half action ... Focusing on only BN 25700 PE & CE (Dec expiry) .... Good luck!!

 

[Shiv12345]

I must say option writers have performed really well since past few days ... Very well executed erosion .... Really nicely done (though option writers are my biggest enemies) ....

 

[SarangSood]

I must say option writers have performed really well since past few days ... Very well executed erosion .... Really nicely done (though option writers are my biggest enemies) ....

Haha... don't be there (or my) enemy... learn from them... bulls/bears or writers/buyers, one and the same thing... important thing is to be on the right side... i make decent amount of money by buying options but because 70% of the time writing is going on so my position is inclined there.

So i think we shouldn't define ourselves as a particular type of trader and be flexible enough to make money wherever the market is making.

 

[Shiv12345]

Haha... don't be there (or my) enemy... learn from them... bulls/bears or writers/buyers, one and the same thing... important thing is to be on the right side... i make decent amount of money by buying options but because 70% of the time writing is going on so my position is inclined there.

So i think we shouldn't define ourselves as a particular type of trader and be flexible enough to make money wherever the market is making.

True ...

 

[SarangSood]

True ...

This month has been particularly good to me. And have made equally by buying and writing options. Only thing important was to make the switch whenever market does.

 

[Shiv12345]

This month has been particularly good to me. And have made equally by buying and writing options. Only thing important was to make the switch whenever market does.

Yes indeed, if one can switch trades on right time, nothing better than that.

One of my colleague was asking me to keep an eye on the amount of premium in Nifty Futures & Bank Nifty futures till 3:30 PM today. He claims that if the Future Premiums are quite high (just before monthly expiry), then one should SHORT or buy ITM index Puts for tomorrow. Because most probably the market will tank. Similarly, if there is no premium or if the Futures are in Discount (one day before expiry) then one can actually go forward and BUY ITM Calls or Futures. This comes to me as a surprise. How true is this?? He claims that one can make huge profit by doing this on expiry day. Does this strategy ever work?? I personally believe that it can be very dangerous.

 

[SarangSood]

Yes indeed, if one can switch trades on right time, nothing better than that.

One of my colleague was asking me to keep an eye on the amount of premium in Nifty Futures & Bank Nifty futures till 3:30 PM today. He claims that if the Future Premiums are quite high (just before monthly expiry), then one should SHORT or buy ITM index Puts for tomorrow. Because most probably the market will tank. Similarly, if there is no premium or if the Futures are in Discount (one day before expiry) then one can actually go forward and BUY ITM Calls or Futures. This comes to me as a surprise. How true is this?? He claims that one can make huge profit by doing this on expiry day. Does this strategy ever work?? I personally believe that it can be very dangerous.

I really can't tell about such strategy because it's making you a bull/bear. I'm a buyer/writer. So i can tell you that maybe there can be volatility or no volatility. I'll buy a strangle (in a complicated way) or sell a strangle.

I personally find that there can be a lot of speculation in just buying single leg cals or puts (not if your looking for a quick 50-100 point move). My soul purpose is to be in the know of whether option buying or writing is going on. But i don't worry which way market will go.