Day Trading Stocks & Futures

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

Too bad it didn't show that price before closing. Id be overjoyed otherwise.
Was long @ 66 SL @ 36 which got taken out.

Nirav you went long in Nifty today @7666 ?

Smart_trade

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

why d ANGRY icon ? :-D

cause its a level that i wud have appreciated a lot had it been during MKT time ... got stopped out @ 36 ... had half a mind to take it over night, but im wary of overnight trades ... so cut it ... 30 points gone.

 

[Somatung]

re: Day trading Nifty & Banknifty Futures

Nirav you went long in Nifty today @7666 ?

Smart_trade

Just had a look at the chart and even I did ask my self this question: Why on this level?

 

[TradeJoker]

re: Day trading Nifty & Banknifty Futures

how is this number 6999 , is it possible nifty trade below 7k in future

 

[nirav_j]

re: Day trading Nifty & Banknifty Futures

Nirav you went long in Nifty today @7666 ?

Smart_trade

No, Half @ 81 and the other @ 48 .. BEP @ ~ 66 and had kept a STop at 36.

SL got hit pretty quick.

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

how is this number 6999 , is it possible nifty trade below 7k in future

Anything is possible...but does not look probable...

ST

 

[Smart_trade]

re: Day trading Nifty & Banknifty Futures

No, Half @ 81 and the other @ 48 .. BEP @ ~ 66 and had kept a STop at 36.

SL got hit pretty quick.

Trying to catch the falling dagger ...it does not help...you should have shorted instead and used 10-15 points stoploss...

ST

 

[sudoku1]

re: Day trading Nifty & Banknifty Futures

around Spot 7555 EOD wil b on my radar nxt week if a bounce doesnt materialize

 

[starscream]

re: Day trading Nifty & Banknifty Futures

Thanks for the response.



I personally felt you were doing wonderful in scalping ~5k+ everyday.



I am trying to understand the risk in 5 min vs 1min. In todays trade it was 18 points [entry - 7717, stop - 7735] for 4 lots its 72 points Vs on 1min you usually took 6 lots with stops close to ~6.5 points with a total risk of 39 points.



What is your experience with 5min Vs 1min in terms of risk?

One thing with scalping is that it's very taxing and quite intensive and very easy to become indiscplined . Even after having rules I break them.

With 5 mins we have more time to think so lesser damage.

Some day want to start positional like HEM, smart trade ..

Observing swing trades as of now .

 

[chhota_bheem]

re: Day trading Nifty & Banknifty Futures

One thing with scalping is that it's very taxing and quite intensive and very easy to become indiscplined . Even after having rules I break them.

With 5 mins we have more time to think so lesser damage.

Some day want to start positional like HEM, smart trade ..

Observing swing trades as of now .

Sir.. I have read your prev posts. Sir you said your accuracy very high thats why taking many trades in 1 min. 2 days ago you start in 5 min nd now you think of positional only.

Sir I am confused.. please help me. Which one is good. Also please share ur method it will be great. Thanku sir