diary of a day trader

[stock72]

Can you explain the meaning of above Quote. In my view the person shud never be reactive in market and enter & exit according to his plans only.

My view is do not buy proactively expecting that market will move up or sell speculating it will go down. yes , as you said enter and exit based on the your plan and obviously by your plan u will wait to move ( enter or exit ) as a reaction to the market move ...

 

[TraderRavi]

bot NIFTY 6100 CE @ 30.2 .............positional......target 40+.....

bot 5600 PE @ 28................

5750 - 5950 range ...since last two weeks............

position still open........lets see if NIFTY breaks above range this week.....:thumb:

 

[susheel04]

i wish it could break this week

 

[TraderRavi]

Very tight range in this month of April....
How many months like this we have seen....

 

[AW10]

Though it is rare to see such a narrow range month (<5% of current price) but it is not uncommon. It happened for 3 months in 2010 when we had range of whole month as lower than 5%. (april/july/aug). Interestingly we had almost 10% drop in following month.
result of 10% drop is consistent in 2003 and 2005 as well when we had narrow month.
If the pattern has to repeat, which we technical analyst believe in, then I wouldn't be surprised by 105 fall in May. Anyway, May has the track record of lower month (exception being 2009 election result month when it had blown up by 28% on +ive side).


For april, the range so far is 4.3 % but we still have 1 more week to go.

Lets see what market has to unfold this time.
Happy Trading.

 

[TraderRavi]

this narrow range april expiry killed my OTM PE - CE......

bot 5900 PE @ 66 , 2 lots...sold @ 70.2 ..., quick scalping done after a month...........options moving fast due to expiry week......

trying to bot this @ 56....,..but moved ahead..

 

[TraderRavi]

5800 call and put , expiry day game on today.............

 

[TraderRavi]

not moving......5822 - 27.......5 point range......

 

[TraderRavi]

bot 5800 PE 10 LOTS @ 14.5........ SOLD @ 16.61.....:thumb:

 

[nayachora]

Sahi hai Ravi bhai...lage raho....must be missing chat