Day Trading Stocks & Futures

[Smart_trade]

Da i read somewhere it was a bearish bat pattern in gold. Have you ever used any such patterns in ta? Is it credible?

I dont trade on patterns.....I trade on structural pivots,supports and resistances and trends.

 

[checkmate7]

Just for fun I have seen so many animals moving in market wolf/bat/bulls/bear

 

[travi]

Just for fun I have seen so many animals moving in market wolf/bat/bulls/bear

there is snakeoba in that list it appeared today in BNF

 

[checkmate7]

there is snakeoba in that list it appeared today in BNF

Yes it may appear today for its prey

Edit: Oh it appeared didnt see the last line

 

[lemondew]

You admit you were / are wrong. Thats the culprit. Hence you felt i am rubbing/poking fun and so on.......Now looks like you should change your signature because you are not sure about it nifty 6800.

I thought you still feel we will go there. It possibly can..... Markets change way too quickly So does a persons trading account. 25% down we are just there. That wouldnt be odd..

Lemondew bhai, My signature was not so enthralling to you when Nifty was sitting at 10600??
Now that you have 1000 points upside to your side, everything all of a sudden seems enthralling

I have a view. OK? and Im open and honest enough to put it in my signature. If your analysis says we will go to 13000-14000, please share us. No one will mock you for having a view. At least I wont.

Baar baar you derive pleasure by rubbing it my face that im wrong. And that too only on days when Nifty is big green. Red days pe kyun nahi karte ho? Bade sadistic ho aap bhai.
Free ka mazaa loot lete ho aap.
Chalo koi nahi. At least you are having fun at someone else's expensive. Smart ho

 

[SarangSood]

Isko bolte hain pyaar se mazze lena

@SarangSood can answer this...he is very successful option writer..

This trading profession in which majority of us are in is not for those who trade compulsively. Just because we get ready in the morning and go to our office doesn't mean we have to take a trade. We need solid indicators to deploy our capital and that only keeps on becoming more selective as we gain more experience.

An option writer needs to know whether there is volatility or not. I have said in another thread that this week is going to be volatile, though people in that thread are still writing. My full position is built slowly and steadily, every lot made only in increasing profits. This week profits don't last for more than an hour. Even today premiums opened low and than increased just before the move. Only amateur writers who don't manage their risk and trade compulsively would be trading in this environment just by seeing the high premiums.

All this I'm trying to explain is not to defend whether i made profit or loss, but to educate that money can be made consistently in trading. Just because I'm primarily a writer, doesn't mean I'm bound to write every day. To be successful my system should tell me when to trade and when not to.

 

[Smart_trade]

Many members are sending me pms and asking whether they should invest in stocks at the current prices. Though I am bullish on the markets (for next few years) and some wealth compounder stocks, I dont chase the prices. One should keep the list of good shares they want to buy ready and when the market corrects, then they should buy......and buy only if you are convinced about the future of these companies and future of the Indian economy......be mechanical when the price comes to your target level, pull the trigger and buy ,without thinking who is saying what....my strategy is buy sheep (cheap) and sell Deer.

Same holds for selling......few people wait for the stock to go to the Moon......it is fine if they have the conviction for holding it for next 5-6 years...but small retracement and they start giving up their faith on the stock .Otherwise it is best to book profits periodically when you feel that the market is looking stretched and buy again in correction.This way you make some money in trading too...

Smart_trade

 

[Self-employedTrader]

I think a bat pattern is just pullback from a strong support/resistance and resuming the current strong trend.

 

[checkmate7]

Looks like pole dance started

 

[travi]

BNF Idhar chala main udhar chala..... Lo fisal gaya
very vola, not tradeable after 10:15