Day Trading Stocks & Futures

[Riskyman]

We should utilize and expolite fully these chances........... because these chances comes occasionally.
HEM

I think those that were short early on when NIfty showed signs of cooling off would have made money. I am sure a large number of traders would have been caught on the wrong side today looking at the gap up and they would have been "buying on dips".

 

[niftytaurus]

We should utilize and expolite fully these chances........... because these chances comes occasionally.


HEM

hi
but only experienced traders like you can handle those kind of volatile day..1000 points down & then 700 points up &then down..only skilled traders can trade & profit those markets ..
thanks

 

[Riskyman]

As the old saying goes.. " Bulls make money, Bears make money but the pigs always get slaughtered" .

 

[TraderRavi]

I think those that were short early on when NIfty showed signs of cooling off would have made money. I am sure a large number of traders would have been caught on the wrong side today looking at the gap up and they would have been "buying on dips".

for every profitable trade there is a losing trade on opposite side. many traders must have lost a lot today.

 

[sanju005ind]

hi
but only experienced traders like you can handle those kind of volatile day..1000 points down & then 700 points up &then down..only skilled traders can trade & profit those markets ..
thanks

Some Gyan. More than skill.Staying calm when extremes happen is more important. Whether it is going up or going down fast.remember the statistics.Screentime also plays.finally experience.

 

[TraderRavi]

TS from high 647 to low 584 => 10% down and then recovered.

 

[sanju005ind]

Don't know why Sanofi in my portfolio is running.

 

[Riskyman]

for every profitable trade there is a losing trade on opposite side. many traders must have lost a lot today.

Agreed!! A 3% move on the Nifty Index is not common. Point I was making was that longs were not warranted despite a gap up. Trading against it will hurt most of the time.

 

[sanju005ind]

TS from high 647 to low 584 => 10% down and then recovered.

View attachment 28630

Yes.closing above 625 on the weekly is crucial for TS.If 636 even better.

 

[vikas2131]

There was never any long position in nifty . it never got triggered in the first place