Day Trading Stocks & Futures

[TraderRavi]

re: Day trading Nifty & Banknifty Futures

There are every possibility for spot to reach 6320 ...IMO

you say tomorrow, he says not in six months :rofl:

While there may be expectations that the Nifty would see 6500 by May 2014 , Dhiraj Agarwal of Standard Chartered Securities sharing a contratian view, told CNBC-TV18 that he doesn't see the market even touching 6300 in the next six months.Given the current economic scenario, he cautions that risk in the market is much higher than returns and the macro data still continues to point on the downside.

Read more at: http://www.moneycontrol.com/news/fi...-stanchart_978596.html?utm_source=ref_article

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

instead . why we should not fix.. like.. when position goes in red reduce the quantity and when it goes in green increase the quantity ..?

Nice statement from a good trader which likes to take risk. :thumb:

My two cents to that: Today I was in a loss of about 70'000 INR and now at the moment am in profit of around 6'100 INR.

So having clear levels where we will add to our positions, even we are in red, is very important. MM is a very important part to that. Most problem to trade like this is: It needs deeper funds in the account.

Take care / DanPickUp

 

[timepass]

re: Day trading Nifty & Banknifty Futures

Today's earning - F&O : plus 98, margin available 1093.

 

[timepass]

re: Day trading Nifty & Banknifty Futures

Today's earning - F&O : plus 98, margin available 1093.

had I held on to BNF11300CE, I might have made Rs. 2000 today. Even the one losing trade, I bought the PE @16.6 and waited for 19+. It went up to 17.9 and retraced. Should've managed that trade better, at least I wouldn't have ended with a loss.

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

had I held on to BNF11300CE, I might have made Rs. 2000 today. Even the one losing trade, I bought the PE @16.6 and waited for 19+. It went up to 17.9 and retraced. Should've managed that trade better, at least I wouldn't have ended with a loss.

Yeap, that is the ******* problem with such positions. You need a clear proved reason to hold or leave it. Stop loss surely helps.

What about your entry points? Any way to over work them? Just a question with out any valuations to your trades. You know best by your self what you do.

Take care / DanPickUp

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

had I held on to BNF11300CE, I might have made Rs. 2000 today. Even the one losing trade, I bought the PE @16.6 and waited for 19+. It went up to 17.9 and retraced. Should've managed that trade better, at least I wouldn't have ended with a loss.

You sold BNF 11300 CE for some reason, may be BNF was coming down....so that time it was a right decision. But when BNF starts going up you could have bought that again. So holding when the trade is not going your way is a bad strategy...but re-entry when the market starts going your way is a correct trade to do. It would make money for you and at the same time you dont hold a loosing trade. So re-entry is the correct action not holding a bad trade in eternal hope that sometime it will work.

Smart_trade

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Nasdaq had again some problems. If you have any problems, here the numbers you can contact:

http://www.nasdaqomx.com/newsroom/pressreleases/pressrelease?messageId=1218946&displayLanguage=en

 

[yankeetrader]

re: Day trading Nifty & Banknifty Futures

Nasdaq had again some problems. If you have any problems, here the numbers you can contact:

http://www.nasdaqomx.com/newsroom/pressreleases/pressrelease?messageId=1218946&displayLanguage=en

Thats great help for those who trade on nasdaq. Is the market stuck like Facebook Ipo time.. Is it bad or worse...

oh my god ... how am i going to trade on nasdaq now... All my money is stuck .. :clapping:

 

[DanPickUp]

re: Day trading Nifty & Banknifty Futures

Thats great help for those who trade on nasdaq. Is the market stuck like Facebook Ipo time.. Is it bad or worse...

oh my god ... how am i going to trade on nasdaq now... All my money is stuck .. :clapping:

Well, at least some hope if it would be like that :lol: But I am sure you are not one of those who are affected by it. :lol:

 

[yankeetrader]

re: Day trading Nifty & Banknifty Futures

Well, at least some hope if it would be like that :lol: But I am sure you are not one of those who are affected by it. :lol:

I'm one of those affected by it.