Day Trading Stocks & Futures

[timepass]

re: Day trading Nifty & Banknifty Futures

Your stops are tooooo small. You must give some space to the trade to breathe....

ST

The option was Rs. 20 or less..

 

[comm4300]

re: Day trading Nifty & Banknifty Futures

Well, I shorted in the morning at 1758.50 with a few lots.

Then had my targets during pre market hours and reduced my lots constantly until I was out with every lot.

Doing 6 -8 Points is in some days very easy and in other days you do not make it. But it is all about MM and how many lots you want to trade. No indicator needed to trade that and get that profit.

After that was not sure what market will do. So was waiting for an entry I could take a go for a long for at least a two points. Target was not 100 % fixed, as I was not sure if any will be reached with that vola. So toke my profit at 1757.50 with the idea, that vola is not very strong.

Again was not sure what is coming now. Then went short at 1756.25 and took profit at 1754.50 as I was happy with what I had in my hands.

Now market is still dancing in the range and now we have reached again resistance levels at 1757. Vola is low, but certain pattern appear, so went short again now with a clear stop loss.

Take care / DanPickUp

Dan,

i thought you were more into strategic options investment/trading than "day trading" futures.

surprise for me.

 

[bearishbull]

re: Day trading Nifty & Banknifty Futures

The option was Rs. 20 or less..

Your stop loss should have been at 25%, so 15 if purchased at 20. This way you would either be getting a profitable trade or getting done with your capital faster, not 100 Rs. at a time.:rofl::rofl:

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Dan,

i thought you were more into strategic options investment/trading than "day trading" futures.

surprise for me.

Well, I still can do Option strategies with far out of the month options. Never told that we only can do one thing. It was alway a target for me to get more into future trading compare to what I did in the past. It also makes fun.

What about you?

Take care / DanPickUp

 

[comm4300]

re: Day trading Nifty & Banknifty Futures

Well, I still can do Option strategies with far out of the month options. Never told that we only can do one thing. It was alway a target for me to get more into future trading compare to what I did in the past. It also makes fun.

What about you?

Take care / DanPickUp

I have been focusing on Option strategies. Have put on a bearish spread in Nifty for Nov expiry.

Have decided to leave day trading as iam not ready to take on the emotional roller coaster ride. I have had enough of it. I tried to day trade a lot (crude/nifty futures/stock futures/ nifty options/stock ). But, its not for me.

I have decided to become more of a "theta" trader now a days. This helps me, decide my followup action when things go against me. Markets may go up/down or sideways...Theta will always play out. Another aspect is volatility. Good volatility will help me collect premium.

this is what i am focusing on. Not very actively, but with my job and all, iam saving money and hopefully will have enough to get some income (small amount) through options.

i blew up a lot of money in day trading. But i find myself suitable for options strategies as they give me "buffer" for error and "time " to take corrective action.

i just hope, i get to keep my job long enough to accumulate a decent amount to earn via options later. decent return to me is beating fixed deposit and inflation returns.

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Dan,

i thought you were more into strategic options investment/trading than "day trading" futures.

surprise for me.

Any way, I am now stopped out as I had a small stop loss this time and now I stop trading for today, as I am tired. Realized in the past that when I get tired my trading with futures starts to get no more as controlled as it does in the morning. Just to tell you also this side of the game.

DanPickUp

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

The option was Rs. 20 or less..

capital now @ 50%, if things wud not improve , I soon have to buy option with less than 10 Rs. price

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

Asian markets red/green mixed, SGX Nifty @ 6119.
RBI Policy announcement @ 11:00.
lets see......

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

capital now @ 50%, if things wud not improve , I soon have to buy option with less than 10 Rs. price

3 days to go , down by 100 NF points(after all charges) this month :annoyed:

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

Your stop loss should have been at 25%, so 15 if purchased at 20. This way you would either be getting a profitable trade or getting done with your capital faster, not 100 Rs. at a time.:rofl::rofl:

ye be accha suggestion hai