diary of a day trader

[vssoma]

i think stop loss buy order will fulfill your purpose, just try n let us know.

ex: if nf is trading @ 6000, just place a SL order for 6010, it'll be pending until pirce'll reach 6010, then only execute your order.

For example nifty future current market price: 6000.

If we need to buy it at after crossing(breaking) 6010 .

If we put a normal buy limit order at 6010. The current market price is 6000.
we are putting the order to buy at higher price(6010) which is higher than the current market price(6000). So the system will consider it as a market order to buy at a minimum possible best buy rate at the time(around 6000) of execution.

So by using limit buy order to buy at 6010 while current market price at 6000 is not possible.

If we place buy limit order at 5990. It will go to pending orders waiting for the price to reach 5990. If the buy limit order at 5990 executed at cmp (6000) we will scold our broker for buying the order at a higher price.

So we need to place stop loss buy order to buy at 6010.
By specifying a trigger price and buy price.
If Trigger price is 6010 and buy price 6010.

When market reaching(trigger price) 6010 a limit buy order at 6010 placed at the exchange.

If the current market price(after triggered 6009) less than buy price(6010) after triggered.
our buy price is greater than the cmp(6009).We are agreeing to buy at a higher price(market order).So it will be executed at lowest possible best buy rate(which is cmp 6009).

If the current market price (after triggered 6011) higher than buy price(6010).
Our buy price is less than the market price. So it will remain pending until buy price(6010) is reached (lowering from 6011 to 6010).

So to convert limit order to market order(same in stop loss limit to stop loss market).

We specifying some higher price when buying (Agreeing to buy at a higher price than the current market price. It will be executed as market order with lowest possible buy rate.

And we are specifying some lower price for selling order(Agreeing to sell at a lower price than the curren market price. It will be executed as market sell order at a highest possible sell rate.

simply...........
To buy at market (specify higher price than current market price).(select price box and hold up arrow few seconds).

To sell at market (specify lower price than current market price).(select price box and hold down arrow few seconds).

Not able to explain in a brief manner.So long post.

Happy trading...
Veera...
____________________
B as a Bee.

 

[TraderRavi]

Ravi, like always showing 'sportsmanship' while getting slapped around by nifty options (a genetic compulsion, I suppose!)...

hamam mein sabhi nange hain............:lol:

 

[EagleOne]

hamam mein sabhi nange hain............:lol:

Ravi bhai, yeh toh woh hamam jahan nange khaddey rehne ke siva koi aur 'option' bhi nahin hai. Nal mein paani hee nahin aata. Hafte-das din mein aata hai toh neeche rakhi bina pendi ki baalti se bahar nikal jaata hai. Toh bhai, kaya nahana kya kapde pehnana! :lol:

By the way, saw some of your 3 years old posts. And I thought, what a brave guy who didn't mind showing himself as he is. But, bhai, another thought also came: By now, even saali history should be too ashamed and tired to repeat itself.

..but my problem is ..whenever I am in profit I book early at the slightest hint of trouble ,only to see profits getting bigger and bigger..while averaging losing trades losses grow bigger...I am cursed by many here but at least I am honest with my trades.....HUM HUNGA KAMYAB EK DIN...

Whoa...What a day......made 10000/- today..:clap: trading options....
but I hav to say booked early as my call went from 56 to 121..ie 65 points in a day..9 lots bought = # 29500/-....

anyway ..bar bar aaye hazar bar aaye..aisa din ..dali ho ....dali ho......

...earned a profit of 11000/- in the strong rally at the morning @ 10 am...instead of pocketing that..thought oh,its only 10 am..and given back all that to the sharp fall that followed..and end up with 500 loss..I felt dejected..but I have learnt my lesson today... .though a bit hard way....after earning good profit , runaway from the market before they snatch it back......

OK bhai, Take care. See you perhaps next week. Hope in the meantime you and your friends here would have the pages filled with funny posts.

 

[HEM]

hamam mein sabhi nange hain............:lol:

nange hai........isi liye to trader hai..........

trader hai......... isi liye to nange hai......... :lol:

 

[HEM]

Ravi bhai, yeh toh woh hamam jahan nange khaddey rehne ke siva koi aur 'option' bhi nahin hai. Nal mein paani hee nahin aata. Hafte-das din mein aata hai toh neeche rakhi bina pendi ki baalti se bahar nikal jaata hai. Toh bhai, kaya nahana kya kapde pehnana! :lol:

By the way, saw some of your 3 years old posts. And I thought, what a brave guy who didn't mind showing himself as he is. But, bhai, another thought also came: By now, even saali history should be too ashamed and tired to repeat itself.











OK bhai, Take care. See you perhaps next week. Hope in the meantime you and your friends here would have the pages filled with funny posts.

slowly slowly.......Eagle dear is now coming in form......:lol:

 

[soft_trader]

 

[ajeetsingh]

Banknifty Futures facing Resistance @ 12570 so if trades above this level then will check 12645 & 12700 levels.
Higher level hurdle is @ 12700(around).
Todays Support are @ 12350 so if trades below this level then go upto 12260 & 12200 levels

 

[ajeetsingh]

I am hoping some unexpected Levels in coming Days in nifty future
main Hurdle level is 5975……so If closes above this level then i am sure nifty futures will see 6130 level
If not closes above 5975, and If close below 5900 then it will see 5700 level…..
Today’s Resistance is @ 5950 so if trades above this level then will check 5965 & 5975
Today’s Supports are @ 5920 & 5890

 

[ajeetsingh]

 

[ajeetsingh]

today earned 13 points
bought @ 5950 and booked 5963 as option trend too was up.
combination of option trend and volatility sheet is superb
so far 2 loss trades only but still i hesitated a lot while trading today and traded with 1 lot only.