Day Trading Stocks & Futures

[nitingosavi]

ACC fut hrly. looking good ?

 

[vikas2131]

Bpcl

 

[Riskyman]

Watch Apollo Tyres please. Can make a good long trade at 227.5??

 

[Riskyman]

Bpcl

Looking for 390. Hope I dont get butchered.

 

[jonty47]

BN and Nifty are highly correlated. Therefore, if of them moves ahead of the other in either direction, it forms a divergence. There usually is a limit to this divergence going by historical data. So what im saying is that the current divergence between the two indices is very high and eventually they should close this divergence.

Nifty and bn correlation sometimes goes out the window, check out between may and aug13 how much the divergence was off the historical data. It did converge after aug13

 

[Riskyman]

VEDL.. Think can make 227??

 

[Riskyman]

Nifty and bn correlation sometimes goes out the window, check out between may and aug13 how much the divergence was off the historical data. It did converge after aug13

Coming back inside the window is where the money is
Are you referring to may-aug this year?

 

[Riskyman]

Watch Apollo Tyres please. Can make a good long trade at 227.5??

15 minutes into this trade and I was tempted to "time stop" it at 226.30.
Realized zyada kujli accha nahi on a down day.

 

[Raj232]

too much zig zag.. getting headache watching this

 

[afin]

I was very active then. But not as a day trader or even in FnO. I was an investor then. I not only saw the crash in the stock market but also saw a great deal of pain in my job. I saw some of the biggest trading house of this world bite dust. Jobs lost, assets sold, commodity markets crash etc etc. I remember some of the cargoes i had personally sold went down the drain. Trading companies that had bought commodities from us had their LCs revoked by banks. Ships were willing to carry cargoes for free because they wanted to deliver the vessel to the buyer after selling their ship for peanuts. Hundreds of bulk carriers and oil tankers were laid up in singapore for want of cargo. The baltic index crashed from 13000 something to 600.

But in every crisis, there is an opportunity. Stocks were so cheap(only in hindsight) If one invested then in 2008, he/she would have been a millionaire. why anyone? If i had held on to some of the stocks I bought in 2008, I would have been a very wealthy(not rich) man today. Sab kismat ki baat hai par.

PS: I have been active in the market since 1997-98 as an investor. Began trading sometime in 2010(?). Full time trader since 2011.

Man this is the stuff of legend except in a bad way. Looking at the way things have unfolded its been a scary proposition just to think of it now.