Day Trading Stocks & Futures

[sridhga]

I took long at 1481/82 . at that time RIL was moving up with nifty. My SL was 1470 . but when RIL fell to 1470 I did not exit and waited to turnaround as my mind was fix on that crap press conf and I thought later operators will move nifty up with the help of reliance.
and later I put SL at 1450.



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On Monday, RIL gave a possible sell signal on daily candles. Since then, every day RIL closed in the red. Today, I did not find any reason to go long. That is why, I asked.
On Nifty, Yesterday (Wednesday), there was a big green in the first 15 minutes. After that it was all red. Even Nifty was screaming "Sell,Sell".
Anyways, just sharing my thoughts after I saw your posts.. Good luck next time.

 

[TraderRavi]

Do you think it would be helpful if we published stats about trading activity at FYERS? If yes, do give suggestions as to what could be interesting. We can give some useful data but cannot disclose individual traders' information at any cost. All other suggestions are welcome.

you can share various data without disclosing traders identity. like their capital range , profits made per month /year. instrument traded etc. how many % earning. or if in detail then day trades or swing etc.

 

[cinderblock]

Do you think it would be helpful if we published stats about trading activity at FYERS? If yes, do give suggestions as to what could be interesting. We can give some useful data but cannot disclose individual traders' information at any cost. All other suggestions are welcome.

What % of clients daytrade? Swing?
What is the avg profits/loss made in both after filtering outliers?
How many outliers meaning those making supernormal profits?

Or if you want some more work for your employees, a bell curve showing the profits for each of the different participants: daytrade, swing, option buyer, option seller

 

[Smart_trade]

Do you think it would be helpful if we published stats about trading activity at FYERS? If yes, do give suggestions as to what could be interesting. We can give some useful data but cannot disclose individual traders' information at any cost. All other suggestions are welcome.

This statistics will be very useful. You can segregate the traders as per their trading capital say less than Rs 2 Lacs, Rs 2-5 Lacs,5-20 Lacs and over Rs 20 Lacs etc and give number of traders in each catagory, how many are profitable consistantly for atleast 4 months in last 6 months, what is their ratio of profits to the expence such as brokerage,taxes ,how many trade options, how many trade futures .....what is their hit rate,what is their profit factor for index traders etc....this will help in understanding the trading performance of traders.

Smart_trade

 

[marimuthu13]

Anybody know the reason why PM told 20 L crores whereas 9.5 L crore already taken care?

Also any reason why FM cannot give all details in one press conference?

 

[mohan.sic]

On Monday, RIL gave a possible sell signal on daily candles. Since then, every day RIL closed in the red. Today, I did not find any reason to go long. That is why, I asked.
On Nifty, Yesterday (Wednesday), there was a big green in the first 15 minutes. After that it was all red. Even Nifty was screaming "Sell,Sell".
Anyways, just sharing my thoughts after I saw your posts.. Good luck next time.

sridhga bhai see each time frame may give different view.
It can be uptrend on intra, sell on daily and again buy on weekly. So too much analysis is not going to help really. Sometimes trades wont work. A loss is a loss. simple. All trades wont work.

How can anyone disagree if I say that trade was taken a good entry. Bcz, it was a clear intraday uptrend 1475 to 1495 ( at time of entry ), then trader waited for a pull back and took into at 1481 kind of decent retracement in up trend. Thats a good idea ..right ? Bad part was trend is gone which is not in traders control.

Moreover a short cant be taken at 1481.. then every one will say why short in up trend

 

[sridhga]

sridhga bhai see each time frame may give different view.
It can be uptrend on intra, sell on daily and again buy on weekly. So too much analysis is not going to help really. Sometimes trades wont work. A loss is a loss. simple. All trades wont work.

How can anyone disagree if I say that trade was taken a good entry. Bcz, it was a clear intraday uptrend 1475 to 1495 ( at time of entry ), then trader waited for a pull back and took into at 1481 kind of decent retracement in up trend. Thats a good idea ..right ? Bad part was trend is gone which is not in traders control.

Moreover a short cant be taken at 1481.. then every one will say why short in up trend

That is why I asked if he found any buy signal. I just wanted to improve my understanding.

 

[Smart_trade]

sridhga bhai see each time frame may give different view.
It can be uptrend on intra, sell on daily and again buy on weekly. So too much analysis is not going to help really. Sometimes trades wont work. A loss is a loss. simple. All trades wont work.

How can anyone disagree if I say that trade was taken a good entry. Bcz, it was a clear intraday uptrend 1475 to 1495 ( at time of entry ), then trader waited for a pull back and took into at 1481 kind of decent retracement in up trend. Thats a good idea ..right ? Bad part was trend is gone which is not in traders control.

Moreover a short cant be taken at 1481.. then every one will say why short in up trend

That is why I asked if he found any buy signal. I just wanted to improve my understanding.

I normally dont comment on anyone's trade but as you asked for your understanding my comments are as under :

On the 3 min chart posted, RIL long trade was clearly a wrong trade. RIL was in a visual downtrend for last 4 days and what we had in the morning was a minor uptrend in a visual downtrend and that too after opening gap down in yesterday's range...so the right trade was to look for an opportunity to go short....

Even assuming that someone was trading a short term(minor) uptrend, then he should have booked profits quickly (because you are trading against a visual downtrend) or atleast got out the moment that minor uptrend was over on break of the minor pivot low....and scratched the trade( this opportunity was available ) but waiting in the hope when you are against the visual trend and minor trend both is bad trade management...

Posted not to point out anyones mistakes as we all make mistakes but for the correct understanding of the trade ......

Smart_trade

 

[sanju005ind]

I normally dont comment on anone's trade but as you asked for your understanding my comments are as under :

On the 3 min chart posted, RIL long trade was clearly a wrong trade. RIL was in a visual downtrend for last 4 days and what we had in the morning was a minor uptrend in a visual downtrend...so the right trade was to look for an opportunity to go short....

Even assuming that someone was trading a short term uptrend, then he should have booked profits quickly or atleast got out the moment that minor uptrend was over on break of the minor pivot....and scratched the trade( this opportunity was available ) but waiting in the hope when you are against the visual trend and minor trend both is bad trade management...

Posted not to point out anyones mistakes as we all make mistakes but for the correct understanding of the trade ......

Smart_trade

Might have gone long based on the first 3/5 min candle which is at which would be at 1481 .But it could not go beyond PDC.After that it would have been a scratched trade. By that same stretch. Should have gone short once it went below the first 5 min candle. Happens that sometimes we get frozen.

 

[travi]

I normally dont comment on anyone's trade but as you asked for your understanding my comments are as under :

On the 3 min chart posted, RIL long trade was clearly a wrong trade. RIL was in a visual downtrend for last 4 days and what we had in the morning was a minor uptrend in a visual downtrend and that too after opening gap down in yesterday's range...so the right trade was to look for an opportunity to go short....

Even assuming that someone was trading a short term(minor) uptrend, then he should have booked profits quickly (because you are trading against a visual downtrend) or atleast got out the moment that minor uptrend was over on break of the minor pivot low....and scratched the trade( this opportunity was available ) but waiting in the hope when you are against the visual trend and minor trend both is bad trade management...

Posted not to point out anyones mistakes as we all make mistakes but for the correct understanding of the trade ......

Smart_trade

sirji, see Titan, didnt oblige
shorted somewhere in the middle of the 9:45 bar