Day Trading Stocks & Futures

[Riskyman]

haha. exactly. (wipro trader)

buying options and averaging loosing side .... has a inherent disadvantage because we are dealing with an instrument that can decay over time. (master trader whom i refered to earlier) having put a decade of trading experience in commodity know the level like the back of the hand. he could also recall approximately at what price he bought / sold certain instrument ... like its the back of his hand.

the narrative is like ... the likelyhood of success % of breakout trades is lesser than the failure of breakout trades. the same MM is not employed in Gold, Silver, Nickel or Natural gas and hence not traded. so if crude current contract is trading at its high of $75 he looks to short.

well an instrument is not always trading its high or low ... and when its in a range ... thats where you need to tread carefully.

(as narrated by master trader)

I wasn't referring to averaging options like wipro warrior. I was talking about forex when they are range bound.

 

[pannet1]

apni capital leke bhag lo bhai . ye so called master trader kisi din 100% drawdown kar dega.

sorry i am not from india .... i dont know hindi .. am from tamilnadu ... hehe ... just kidding.

he is averaging loosing trades I m not impressed. why he is mostly wrong on direction like me .

i did see him turnaround from 15% drawdown to 10% profit last month. there was only one loosing contract that too because he was not used to zerodha kite's maths. never seen anyone trade so positively in my entire life (may be my experience is limited).

the agreement is like you get 4% whatsoever happens ... no ifs, buts and drawdown. by 25th of november my patience will run out. this month i am giving the benefit of doubt to the man.

thank you so much for the concern ravi.

 

[Riskyman]

Max Pain for Nifty, Bank Nifty And HDFC Bank

 

[Raj232]

i will give it to you offline

Bhai.. give it online (link) .. I got time in Night shift to read some posts

 

[Riskyman]

Finally, much needed "reforms" carried out. This is very good for India

Cabinet approves changing GSTN structure; body to be 100% owned by govt
https://www.moneycontrol.com/news/b...ure-body-to-be-100-owned-by-govt-2988821.html

HDFC bank/icici bank etc have a lot of foreign investors, therefore indirectly to GSTN as well. Not sure why tax payers details was shared with private banks in the first place. Dr. Subramaniam swamy has been trying to get this changed for a very long time. This must have been RSS pressure over the BJP recently.

 

[Raj232]

just wanted to ask, one of my friends with a brokerage sends me a small support and resistance level, which is quite good. i can post it here for reference whenever i can.

should i start a new thread for that??

You can post here itself , but, better to have a new thread in the long run and post us the link

 

[Raj232]

Fed Interest Rate Decision @ 6 PM .. Interest Rate From 2% to 2.25% likely

 

[vikas2131]

Fund houses see increase in redemption pressure

At first glance, India’s mutual fund industry appears to be in fine shape. Net fund inflows — gross inflows minus outflows — are still positive, albeit only just. But a closer scrutiny of gross redemptions to sales ratio suggests that the scales are increasingly tilting in favour of the former.

In August, the month in which broader indices continued their northward climb, gross redemption to gross sales ratio reached 65.9%, compared with a median of 55% in the last 24 months,.

Read more at:
//economictimes.indiatimes.com/articleshow/65960316.cms?utm_source=twitter.com&utm_medium=social&utm_campaign=ETTWWealth&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[vikas2131]

In the past 12 months on the NSE,

About 600 stocks lost -30% to -90%
Next 550 lost between 0 and -30%
Next 300 gained between 0 and +30%
and 177 gained +30% to +750%

 

[vikas2131]