Day Trading Stocks & Futures

gmt900

Well-Known Member
re: Day trading Nifty & Banknifty Futures

@TP

It was just a little revenge as he pushed my legs in the past in an other thread and so I took my chance to push his legs at this time. But never mind. :lol: We all are one big family and pushing legs happens in every family, also in the best families. I at least have never seen or meet a family which not had from time to time a bit of pushing legs. :D

Now coming to the serious part of what I posted: Doing a job and trying to do intra day trades at the same time is only for very experienced traders and pros. It is absolute nothing for would like to bees and non experienced traders. Trading in that way needs a clear trading plan and strategy and what Trader15 posted did show that there is non of such existing. I do excuse my self to him in case there is one such proved trading plan around. If not, then hopefully what is posted are only paper trades and nothing bad with that.

About a new thread: There is one I post since at least three weeks ideas and trades I do in the Mini S&P 500 in the members section of the forum. I do not trade with big money, but I do trade proved trading plans when it comes to option trading and hedging. So I guess there is no need to open an other thread about that. I shorted Mini S&P 500 this morning and I am still short. I some times do intra day trades and this one is a positional trade with a clear defined stop loss on the upper side and a clear exit target on the downside. I also have puts in the same market. So nothing special to learn from that.

Take care / DanPickUp

Edit: Doing scalps with option trading and future trading and having small capital is a loosing strategy. Do never not forget that. (Al Brooks)
Dan,
If you don't mind, a small correction. It is PULLING leg and not pushing.
Cheers
 
re: Day trading Nifty & Banknifty Futures

After all the plus minus, today's day end available margin = 1093
i.e. a loss of Rs. 1110 from Tuesday i.e. 22.2 pts i.e. half the capital.

Now what can I do with this Rs. 1093 ?? Can't trade currencies. Equities, NF and BNF options, maybe currency options..

Let's see.
bhai mera account number deta hoon, you can try NEFT, brokerage is only Rs. 5.
 

stock72

Well-Known Member
re: Day trading Nifty & Banknifty Futures

I can't understand this much beautiful chart completely ...
As ST posted need to check my bags which is full of CE ...



Posting Nifty Futures 5 min charts. I have put 2 day VWAP bands which I use a lot for profit booking, entries, adds etc.

I have marked yesterdays uptrend as well today's downtrend. The uptrend which had started yesterday continued in the morning so there was a buy right in the first bar of the day. I have not marked the long trades as they are simple. The levels marked in red lines are the levels where the trend has changed from up to down.

The first trend change indication came when NF broke 6246....then second confirmation at 6241. The last and final call for the bears to check in and board the flight was at 6215....after that few more places where one could have gone short are shown in red.

The upswing is shown in green...downswing shown in red....

See the beauty of VWAP bands...how VWAP proved to be a resistance in the upward correction in downtrend. Finally the profit taking area is marked in red ellipse in rose band support area.

Smart_trade

Note : I am also posting the same chart in my Ideas on Day/Swing trades thread so that it could be useful for people in future.
 
re: Day trading Nifty & Banknifty Futures

I can't understand this much beautiful chart completely ...
As ST posted need to check my bags which is full of CE ...
This is a 5 min chart. . In 5 min we get swings every 2-3 days. May be tomorrow if trend changes to up, we will be doing trades from long side.

You trade on long term so I am sure your CEs will make money.

ST
 

stock72

Well-Known Member
re: Day trading Nifty & Banknifty Futures

This is a 5 min chart. . In 5 min we get swings every 2-3 days. May be tomorrow if trend changes to up, we will be doing trades from long side.

You trade on long term so I am sure your CEs will make money.

ST
Thx for reply ...I understood now ...
 

DanPickUp

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Dear Dan biradar,

How are you
Is it possible to day trade options based on standalone options chart?
What do you think? Its a chart too, with candlesticks, pivots and resistance?
Hi Jain.er

I am fine. What about your new live and now being married? :) :clapping:

About your question: I would appreciate if you could post such an option chart you mean you want or may think you could trade on? This just to be sure that we would talk about the same thing.

DanPickUp
 
re: Day trading Nifty & Banknifty Futures

Hi Jain.er

I am fine. What about your new live and now being married? :) :clapping:

About your question: I would appreciate if you could post such an option chart you mean you want or may think you could trade on? This just to be sure that we would talk about the same thing.

DanPickUp
Married life is going on smooth though I am terrible constrained for time these days but its fun :D



Uploaded with ImageShack.us

say for example this is an 5 min option chart for Nifty

Can one trade off the options chart itself or underlying chart is the one more important or a combo.

setting SL or targets in an option is difficult, NF has clear SL and target


This is the Nifty future chart



Uploaded with ImageShack.us
 
Last edited:

DanPickUp

Well-Known Member
re: Day trading Nifty & Banknifty Futures

@Jain.er

First of all: Happy to see you be happy with your current live situation, as this is the most important thing in live. That even is a guarantee for success in live. First live, then love and some one comes trading :thumb:

Second: Thanks to post your charts. Now I can see what you mean. I will post my thoughts about that tomorrow.

Until then, take care / DanPickUp
 

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