Day Trading Stocks & Futures

[govindheg]

Yes they are even if you google you might find them.

OK thanks

 

[onequorauser]

When not trading I am reading. I was reading all the four books written by Jack Schwager.These books contain interview of top traders from each decade.A total of 80 traders were interviewed. There are two things that runs common from all these traders.
1. Risk management
2. Never give up.

Good books to have insights of different types/styles of trading and valuable lessons.

1.Stock Market Wizards
2.Market Wizards
3.New Market Wizards
4.Hedge Fund Market Wizards.

They are all amazing books. You can literally find people who have done (and done regularly) what people tell you cannot be done.

Also you see every style of investing/trading there. From people who take fundamentals very seriously to the ones who dont even care for it. From people who have made money mostly in options to people who only trade futures. All of these are just great reads..

 

[Shiv12345]

I would say this forum is itself the BEST TRADING BOOK. Hahahahahah .......

 

[Satya.]

vry nice sirji @nitingosavi

hw do u find stcks on d time whn they r abv/blw ur ma line?
i shuffle amng whtevr i hv in my list n unfortuntly i got dem when the move is already late by 2-3rs

 

[nitingosavi]

@Satya.
34 WMA crossovers we can easily find with scanner. (chartlink.in or any TA software/websites anywhere u can find it)
i dont use it as a prime trade trigger. above it..its better to think long...
trades mainly based on pivots. and normal HH-HL or LH-LL theory. (you can read more abt it in shubdips thread, I am not master yet)
and I use MACD(50.100,9) when its above zero higher pivot breaks are usualy more rewarding.and below zero line sell trades..
I understood the whole things by watching charts posted by other senior members.. its easy.
add some your essence.. and make the dish (trades)more tasty.

 

[Raj232]

manne toh darrr laaage sehh ....... ibb tanne koi joke sunaana padegaa.

 

[Shiv12345]

manne toh darrr laaage sehh ....... ibb tanne koi joke sunaana padegaa.

View attachment 26150

Haha ... Nice

 

[Raj232]

Hey Shiv Bro.. what a pleasant surprise.. Nice to see you back.. Welcome aboard once again Nice to see big profit as well
But dont forget to write a long post of your adventures for past 1 month

Sure.... I got to learn the amazing world of FUTURES.

Waiting for your long post on your 1 month adventure..

 

[Shiv12345]

Hey Shiv Bro.. what a pleasant surprise.. Nice to see you back.. Welcome aboard once again Nice to see big profit as well
But dont forget to write a long post of your adventures for past 1 month

Sure.... I got to learn the amazing world of FUTURES.

Waiting for your long post on your 1 month adventure..

Nothing much. Somewhere around 15th May, when there was too much speculation going on post Karnataka Election Results Day, I really got irritated with misbehaving Nifty & Banknifty options. Higher premiums were just not serving any purpose. Due to over-inflated premiums, options were not moving as per market movement. Hence, I got fed up with options. I started surfing and reading a lot about FUTURES over internet.

The only thing that was bothering me was the fact that FUTURES have unlimited liability. But after I read stuff over internet, it looked to me as if Futures are not that much damaging. Safe trades can be found even in FUTURES too.

So I started taking small trades in futures one by one (with Stop Loss and small Targets) . But yes, taxes are way higher. But then I soon realised that Intraday (MIS) Equity trades demand even higher taxes. Now I am OK with futures.

 

[Raj232]

Nothing much. Somewhere around 15th May, when there was too much speculation going on post Karnataka Election Results Day, I really got irritated with misbehaving Nifty & Banknifty options. Higher premiums were just not serving any purpose. Due to over-inflated premiums, options were not moving as per market movement. Hence, I got fed up with options. I started surfing and reading a lot about FUTURES over internet.

The only thing that was bothering me was the fact that FUTURES have unlimited liability. But after I read stuff over internet, it looked to me as if Futures are not that much damaging. Safe trades can be found even in FUTURES too.

So I started taking small trades in futures one by one (with Stop Loss and small Targets) . But yes, taxes are way higher. But then I soon realised that Intraday (MIS) Equity trades demand even higher taxes. Now I am OK with futures.

Ok good for you... so after studying futures, what do you see in current Nifty/Banknifty chart ?
even now I'm seeing you trading options