Day Trading Stocks & Futures

[Raj232]

Ok .... This one was looking inevitable .. KOTAKBANK 1040 CE (January) bought at 8.65 and sold just now at 8.90 ... Having retraced a bit (forming reverse 'V' shape) during past few sessions, it was looking good to push itself up a bit intraday as well as adding few points (peanuts) in BN index ... Looking for third trade (if at all possible) ....

Personally not taking risk with trades now.. as it seems to be more of writers market with sideways moves.
Neither and downside is sustaining.. nor any upside.. simply flat.. with volatility rising.

Eg BankNfity 25500 and 25600 compbo has lost 25 and 30 Rs each today.

 

[Shiv12345]

Personally not taking risk with trades now.. as it seems to be more of writers market with sideways moves.
Neither and downside is sustaining.. nor any upside.. simply flat.. with volatility rising.

Yes indeed ... Today was EXTREMELY challenging. Somehow, did two correct trades (which was satisfying and it satisfied my 'trader EGO'). Especially, after Stop Loss got triggered on Thursday & Friday both. I knew today would be challenging. We can witness some really poor liquidity and volumes even today. Western investors are yet to arrive in markets with full funds. These everyday small challenges make us all tough (which is good). My battle continues against writers.

 

[Raj232]

Yes indeed ... Today was EXTREMELY challenging. Somehow, did two correct trades (which was satisfying and it satisfied my 'trader EGO'). Especially, after Stop Loss got triggered on Thursday & Friday both. I knew today would be challenging. We can witness some really poor liquidity and volumes even today. Western investors are yet to arrive in markets with full funds. These everyday small challenges make us all tough (which is good). My battle continues against writers.

I'm thinking that something needs to be worked out on Excel or something, where mathematically it is clear whether writing is profitable and if not, then buying options will make big gains. But something needs to be done with clarity on identifying these markets. As Sarangji mentioned 70% of the time its writing.. so identifying those remaining 30% would really make it big

 

[Shiv12345]

3rd one done!! Did anyone enjoy small quick FLASH DIP (not exactly small crash)??? ... Bought BN 25400 PE at 79 (4th Jan) .. Sold at 90 ... within no time ...

 

[Raj232]

Thought SBI would end in green today .. but it closed -2% (in RED) even after Capitalization news today for board nod to raise Rs 8000 Crores.

I think this Nifty/Banknifty rally is almost over. henceforth I'll concentrate more on PUTS during downside.

Hoping that BankNifty deflates from 25,500 to 20,000 after 31-Dec-2017. It has been dancing since long at high levels with recapitalization and other news but still not able to give good movement.
Seems BANKNIFTY is highly overvalued.

Once it deflates to 20K and all its 'Gas' is removed, then BankNifty can climb successfully.. when it has to climb

Hope the start of the fall has started. Usually I dont trade on downside although theoretically trading the downside is more profitable and quick. This downside should last 1-2 days more as per me.

 

[Shiv12345]

3rd one done!! Did anyone enjoy small quick FLASH DIP (not exactly small crash)??? ... Bought BN 25400 PE at 79 (4th Jan) .. Sold at 90 ... within no time ...

Ha ha ... nice ... Used 25400 PE again ... 110 to 120 ... 4th trade done ...

 

[Shiv12345]

Now this is officially a FLASH CRASH .... All support levels GONE!!!

 

[Shiv12345]

Now this is officially a FLASH CRASH .... All support levels GONE!!!

Hail the GREAT WALL OF NIFTY 10550

 

[Shiv12345]

Overall very very satisfying day today (especially personal ego wise) ...

 

[Raj232]

Now this is officially a FLASH CRASH .... All support levels GONE!!!

Yep, bulls have been destroyed. The TV guys still stick to 11K and 11.5 K on the nifty by 31st Dec 2017
All bullish stop losses triggered and volatility is still high
So basically writers were still successfully at 25600 - Rs 27 profit; but 25500 combo writers - no profit, no loss
However PUT buyers gained a lot today in 2nd half. So opportunities are plenty.. but we guys need to figure out a more accurate system to make use of the opportunities that will arise..

if you have some thoughts feel free to post or PM me..