Day Trading Stocks & Futures

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

shorted @ 6224 , it fell 10 points shooooo , covered @ 6214.......:lol:

 

[whisky]

re: Day trading Nifty & Banknifty Futures

Below 6200 breakega ab is series me ?

 

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

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

+97 points, after all charges +90 today :thumb:

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

In a strong trend, never trade contra....contra trades in sideways markets ok. In contra we make 10 points and feel happy but in trends there are 50-60-70 or more points to be made.why go ffor 10 points when we can go for 50 or more....

ST

 

[augubhai]

re: Day trading Nifty & Banknifty Futures

I must get out of this thinking of going contra - not to catch a falling knife, but acting oversmart and thinking that I'll catch the reversal before anyone else

Stop thinking, TP Baba, stop thinking

 

[kiran_thiru]

re: Day trading Nifty & Banknifty Futures

Stop thinking, TP Baba, stop thinking

this switch with mind is augubhai's mechanical brain. no one has this type of system.

 

[stock72]

re: Day trading Nifty & Banknifty Futures

Baba, just now 6200PE went from 24 to 32!!!!!

needless to say, had I held my 6150PE, I may have had a chance to get out at cost

But yes, ST, you are right. I must get out of this thinking of going contra - not to catch a falling knife, but acting oversmart and thinking that I'll catch the reversal before anyone else

IN this technologically advance semi/fully automated trading environment it is safer to trade in larger time frame . to catch these moves ...

 

[timepass]

re: Day trading Nifty & Banknifty Futures

IN this technologically advance semi/fully automated trading environment it is safer to trade in larger time frame . to catch these moves ...

and have a large balance to average 4-5 times, if necessary.

 

[stock72]

re: Day trading Nifty & Banknifty Futures

and have a large balance to average 4-5 times, if necessary.

is averaging is not like catching the falling knife ?

 

[timepass]

re: Day trading Nifty & Banknifty Futures

is averaging is not like catching the falling knife ?

Not necessarily, if you believe in direction and have a deep stoploss. As some member here said, "Options almost always give you a chance to exit" (I think it was Vssoma).