Day Trading Stocks & Futures

[mohan.sic]

for what its worth, i bought calls now.

you exited Fridays calls ?

 

[kharikumaar]

you exited Fridays calls ?

yes. i wasnt comfortable end of day. i exited 50% and bought it back today .
i am not sure of maruti. will let it go to SL if it goes down. but calls i plan to carry now

 

[Riskyman]

for what its worth, i bought calls now.
also long in maruti at 6020. 40 rs sl

Any specific reason for going long in Maruti? Playing for pullback?
Sorry. I dont mean to interfere in your trading thought process but Im just curious.

 

[mohan.sic]

A good quote from moneycontrol

Charles Darwin, who is best known for his theory of evolution, said that it is not the strongest of the species that survives, nor the most intelligent, but the one which is most adaptable to change. Successful traders would fit in this description. An adaptability to change is what separates the winners from the losers.

Successful trading is less about strategies and technical analysis, but more about adapting to a constantly changing environment. It is about dealing with and managing uncertainty. But that is easier said than done in any stream of life.

This is so true... I have copied this post to my notes.

 

[against_tides]

@Riskyman ..bhai..today 11350??

 

[Riskyman]

@Riskyman ..bhai..today 11350??

Hahaha!! Thats 220 points away. Maybe possible if you go to sleep now and have a nice dream

Edit: Have patience. It may come this week. Who knows?

 

[kharikumaar]

Any specific reason for going long in Maruti? Playing for pullback?
Sorry. I dont mean to interfere in your trading thought process but Im just curious.

no issues, its not rocket science. i do not have any views on maruti for long term. i only pick that stock because of the price point , lot size and general movement of 50 -100 rs. it is not a great influencer of the index . it's action is more or less governed by stock specific news, it generally tends to move in the direction of the index unless there is specific news against that.
whenever i see that there could a directional move in the index i also look at maruti to see it's behaviour if it is more or less in tandem with the index movement i trade the stock in that direction. it's more or less correct and generally i am able to get 25-30 rs for it.
of course it doesnt work all the time but its quite consistent that way and not subject to wild swings for index manipulation.

this is my take, and i an quite ok with it working out 50-60% of the time. because when it does move i may get 70-80 + also from it


hope i was able to convey something

 

[mohan.sic]

@Riskyman ..bhai..today 11350??

most of the times you choose down side.... bear mentality
( I too have same inclination. I enjoy falls. I don't like up moves ...seems a kind of sadism..)

 

[TraderRavi]

@Riskyman ..bhai..today 11350??

mujhe to 11600 + lag raha hai aaj , lets see if 11570 holds

 

[against_tides]

Hahaha!! Thats 220 points away. Maybe possible if you go to sleep now and have a nice dream

Edit: Have patience. It may come this week. Who knows?

after fryday's zumba dance....nothing is impossible...on downside...