diary of a day trader

[TraderRavi]

Hindalco bot @ 241.25....sold 2 hours later @ 241.75....then immediatly jumped to day high @ 243.45......

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Now stuck in NIFTY 6100 CE and 6000 CE...

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[TraderRavi]

NIFTY 6000 CE SL Hiiiiitttt........

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[TraderRavi]

Total Loss till now in Expiry Day option gambling....7500......

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[TraderRavi]

NIFTY moving in a 20 point range on expiry day...

 

[TraderRavi]

Now Last gamble of the day...ZEROOOOO ......YA.......HEROOOOOO....:clap:

 

[TraderRavi]

These Big B#@^%$% ...not allowing Nifty to move.......This whole month was a waste trading......
Todays Dec Expiry donations....12K....:clapping:

 

[charts trader]

These Big B#@^%$% ...not allowing Nifty to move.......This whole month was a waste trading......
Todays Dec Expiry donations....12K....:clapping:

Do you trade a system based on adequate back testing?

 

[alroyraj]

These Big B#@^%$% ...not allowing Nifty to move.......This whole month was a waste trading......
Todays Dec Expiry donations....12K....:clapping:

How come you woke up and started options trading on the expiry day,yaar...Zyada hoshiari kya...Time decay is the highest on this day.
Its risky to start with.
Just monitor Sg sir's calls and adjust...
I mean IFCI 65 CA was at 3 ,closed at 6.45 today....and Hindalco calls 240 CE is worth keeping an eye on...

 

[alroyraj]

Do you trade a system based on adequate back testing?

Can you explain your style of trading and how your system complements it. Would be interested in learning what you have to say...I suppose you were active in forex so expect your system to be robust ,would appreciate your input.

 

[charts trader]

Can you explain your style of trading and how your system complements it. Would be interested in learning what you have to say...I suppose you were active in forex so expect your system to be robust ,would appreciate your input.

I'm full time trader. My day starts with tokyo open at 5:30 IST and ends at lunch time of CBOT. Fx and emini have been my main trading instruments for last 3 years. When I saw in May 2010 Amarnath's MT4 intraday data of NF available, i tested it thoroughly on VHands and was amazed. I trade Nifty till London opens because Fx generally doesn't move after Tokyo's 1st session.

I trade without any indicator, solely based on support and resistance. Targets and stop loss are determined (based on previous data) before entering any trade.