Day Trading Stocks & Futures

[Shiv12345]

Looks like the depth is being tested.. red bars on the 1 min chart of BNF.. but there is some recovery within the minute itself

I believe trading with small targets is the key these days. Even if one can take two, three or even four tiny trades, that individual will surely end up making enough money every day.

 

[Raj232]

I believe trading with small targets is the key these days. Even if one can take two, three or even four tiny trades, that individual will surely end up making enough money every day.

You are correct here. Option writers are also selling both sides in the sideways market. As long as small trades are made and money is being made its fine.
Waiting for market to stabilize its trend after New Year Hangover and make larger moves

Current bullish threshold for BNF is approx 25,375 .. any move above that will make it bullish...
It would be nice to go to 25,200 on BNF today itself.. instead of slow moves .. yawn..

 

[Raj232]

You are correct here. Option writers are also selling both sides in the sideways market.

Just for info.. 25,400 and 25,500 combo sellers are still in profit from yesterdays close !!!

 

[Shiv12345]

Just for info.. 25,400 and 25,500 combo sellers are still in profit from yesterdays close !!!

And with that, there will be definite surge in the total number of subscribers of the great channel 'Option Writers Ka Jalwaa' ... ha ha

 

[afin]

Just for info.. 25,400 and 25,500 combo sellers are still in profit from yesterdays close !!!

I find it less harder to predict nifty instead of bank nifty. Also making 10 points a day in Nifty futures seems easier. It's a low hanging fruit and many fundamental analysts or even technical analysts might look down upon me for aiming so low but I think slowly building 10 points a day is better any day than risking and losing 50 points. It's probably a very defensive mindset but it could work for me.

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[Shiv12345]

I find it less harder to predict nifty instead of bank nifty. Also making 10 points a day in Nifty futures seems easier. It's a low hanging fruit and many fundamental analysts or even technical analysts might look down upon me for aiming so low but I think slowly building 10 points a day is better any day than risking and losing 50 points. It's probably a very defensive mindset but it could work for me.

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Yaa ... Each and every brick has a contribution in building a complete house. Empires are built step by step. Also, as they say, steady person wins the race.

 

[Raj232]

And with that, there will be definite surge in the total number of subscribers of the great channel 'Option Writers Ka Jalwaa' ... ha ha

I'm seeing from the opposite side as well .. .. at some point we need to come up with a strategy when to sell and when to buy... so we take all the buy trades and then remaining time we just keep sell positions

 

[Raj232]

I find it less harder to predict nifty instead of bank nifty. Also making 10 points a day in Nifty futures seems easier. It's a low hanging fruit and many fundamental analysts or even technical analysts might look down upon me for aiming so low but I think slowly building 10 points a day is better any day than risking and losing 50 points. It's probably a very defensive mindset but it could work for me.

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As long as its works for you my friend

 

[Raj232]

Yaa ... Each and every brick has a contribution in building a complete house. Empires are built step by step. Also, as they say, steady person wins the race.

Yes, no point in building 1 wall and then breaking it down .. slow but steady is better so that even if it takes little longer .. but will be surely completed.
Also, you can place 1 brick in 1 minute or there are times you can place 1 wall in 1 minute..

 

[afin]

Yaa ... Each and every brick has a contribution in building a complete house. Empires are built step by step. Also, as they say, steady person wins the race.

Thanks! That's the intended idea now. I went too fast too soon and burnt my hands earlier. Trying to be defensive now.

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