Day Trading Stocks & Futures

[TraderRavi]

Morning around 10.20, indices broke day low indicating downtrend, then after a hour they went day high changing the day trend. Now at middle of the range What next. Towards day high or low ?

neither towards high or low , patli gali se nikal legi

 

[Riskyman]

neither towards high or low , patli gali se nikal legi

Nifty/BN ka High, Low chod do bhai.
Aaj India/NZ Semi-final match hai.
Match ka High/Low enjoy karo!

 

[checkmate7]

Toss lost....bowling

 

[cinderblock]

I think it's a blessing. I know Pak chose to field on the same ground and lost.

I just feel it'd be better to bat in the afternoon.

 

[iwillwin]

Traders should never average losing positions....if you are trading, market after 2-3 days of move in one direction change direction. So taking the current example, it is right to trade from short side because the trend was down ...even today it is fine to short but we have to keep immediate higher pivot high as a stoploss.....if the stoploss is met, we are out of short positions....but we dont go long immediately....there is some level above which we say the trend has changed and we now go long..in case of Bajaj Finance that level was 3466/68 or max 3495.....so above these levels one should change the direction of the trade to long.

If you are trading then you have to be able to quickly change direction of your trade and this has to be learnt by practice else you go on averaging and suffer a loss as the market trend ( atleast in short term or our trading timeframe ) has changed.

Smart_trade

For veterans like u sir it may have become normal to cut loss position and hold on to winners....
Can you throw some light on how to hold on to the winning position and negate urge to exit when in profit.... recently I exited one profitable short trade in Titan, which would have been great trade had I held to it longer...
Of course it can be natural for few to have above trait ....but I am finding it more demanding to hold on to winning position...
Please share your thoughts when you have time

 

[vikas2131]

Fear is the number reason of trader not able to hold on to positions according to his/her system. In that case, trader needs to reduce the size to bare minimum to regain the confidence of trading with system.

 

[sridhga]

Any idea why REC has fallen off the cliff?

 

[sridhga]

Any idea why REC has fallen off the cliff?

I searched all over internet and I think I found out the reason. Ashwini Gujral recommended it for buying on 4th July and since then it started falling.

Wait a minute! I just seem to have discovered a new way of trading!

https://www.moneycontrol.com/news/b...itessh-thakkar-for-short-term-51-4167651.html

 

[Riskyman]

I searched all over internet and I think I found out the reason. Ashwini Gujral recommended it for buying on 4th July and since then it started falling.

Wait a minute! I just seem to have discovered a new way of trading!

https://www.moneycontrol.com/news/b...itessh-thakkar-for-short-term-51-4167651.html

 

[marimuthu13]

I searched all over internet and I think I found out the reason. Ashwini Gujral recommended it for buying on 4th July and since then it started falling.

Wait a minute! I just seem to have discovered a new way of trading!

https://www.moneycontrol.com/news/b...itessh-thakkar-for-short-term-51-4167651.html

Lol...