Day Trading Stocks & Futures

[afin]

I think 1st such move after Trump election result Day, its been 1.5 yrs since.

I am not trading today owing to net issues which turned out to be such a blessing today I posted about it earlier too! But whatta fall!! I am absolutely loving this volatility!!

 

[Riskyman]

There has been some massive selloff in stocks in the non-banking financial companies (NBFCs), led by a fall in Dewan Housing Finance (DHFL). The stock has slipped below Rs 400 per share and is down 40 percent in intraday trade. Other housing finance companies such as Indiabulls Housing and Bajaj Finance, among others,

I think the pain dont end here. Today may have been just one of those fat finger kind of days where market recovered very quickly. I think Monday onwards or at least Next series on, we will those painful down moves.

 

[afin]

I am in absolute sympathy with the investors though. It must be so so painful to hold any of these shares. Again probably proves that day and swing trading is better than long term investments?? Don't know but I would be comfy with balance in my SB account to having an equity portfolio in these times.

 

[sanju005ind]

I think the pain dont end here. Today may have been just one of those fat finger kind of days where market recovered very quickly. I think Monday onwards or at least Next series on, we will those painful down moves.

Yes you are right.It just that it went 3 StDev away that's why the recovery.But it will continue the downtrend

 

[raindrops]

tcs started to crack

 

[sanju005ind]

I am in absolute sympathy with the investors though. It must be so so painful to hold any of these shares. Again probably proves that day and swing trading is better than long term investments?? Don't know but I would be comfy with balance in my SB account to having an equity portfolio in these times.

these kind of crashes or mini crashes happen. Every TF investment/trading has its own charm and risk/rewards.

 

[Riskyman]

Bhai, If this 26600 doesnt hold in the interim without offering a pull back, then next support as per gyani Gann is 26020-26050 and for Nifty spot its 11090 levels. If these levels are achieved, it means we finish only a part of the turn. Will have another half round to go. Imagine the money for traders there.

Ps: If this gann stuff of mine doesnt make sense, dont bother much as slightly long term is very diff from day to day pullbacks and rallies.

I re-iterate above. We are half way. Nifty below 11090 and we are ready to see more pain.
No Longs please!!

 

[Riskyman]

I am in absolute sympathy with the investors though. It must be so so painful to hold any of these shares. Again probably proves that day and swing trading is better than long term investments?? Don't know but I would be comfy with balance in my SB account to having an equity portfolio in these times.

Clearly holding long positions was silly. Hoping for more gains in an already over extended market is nothing but pure human greed. Please remember that corrections are very healthy as it gives one a chance to enter stocks.

 

[Riskyman]

Yes you are right.It just that it went 3 StDev away that's why the recovery.But it will continue the downtrend

There are algos sitting and waiting for these kind of moves. Humanly not possible to sell and buy so quickly.
Yes Bank is back close to 30% now. DHFL is a F&O stock?? Now sure what those holding long did with the positions?

 

[Riskyman]

these kind of crashes or mini crashes happen. Every TF investment/trading has its own charm and risk/rewards.

Are you not glad you are not trading today but just watching?? Absolute nightmare for traders today!! At least for some