diary of a day trader

[tspact]

Kid, what happen with you? Your question was already in one or the other way answered here and you keep posting it again and again in one or the other way.

Stop it now as it really gets bored to meet that post again and again, starting with it in the introduction section and then bringing it up here in different ways since post 8052.

Thank you for your cooperation and good learning in the forum.

nobody replied to that post so I posted it here...

 

[DanPickUp]

nobody replied to that post so I posted it here...

No problem that you brought it here as the intro section is not much used to build up a thread. But now your question is answered. You choose d a good thread to follow and now follow it and if you have NEW and OTHER questions, then come up with it.

Wish you all the best and further a fruitful time in the forum / DanPickUp

 

[tspact]

No problem that you brought it here as the intro section is not much used to build up a thread. But now your question is answered. You choose d a good thread to follow and now follow it and if you have NEW and OTHER questions, then come up with it.

Wish you all the best and further a fruitful time in the forum / DanPickUp

actually my question is still not answered..
Rajgreenpeace commented that SBIN can be traded in bulk quantity. But I trade in mid-cap stocks like Rel-infra, rcom and sun-tv.. (mostly intraday trading very few times positional). I would like to know whether anyone doing intraday trading in those stock futures in bulk quantity 10 lots and more. Any problem in executing such order, slippage points.. .. slippage mein hi jyada points lag gaye to fir profit kaise hoga

sorry if I am causing any inconvenience to you guys with this question
thnx in advance!!

 

[hc9001]

@tspact

OMG! I have never said it is not possible to intraday trading in midcap stocks like Rcom, Relinfra, Yesbank in futures.

Just wanted to say, when some future trader trading in most traded futures like NIFTY, SBIN, RELIANCE, ICICIBANK etc, the risk is lower in terms of liquidity and volatility comparing to such mid cap stocks. And slippage due to liquidity it not a concern for trading above mentioned futures. :thumb:

But, reward and risk are always related. Some trader like to take big risks (slippage & volatility), bcoz much higher return possible in midcap stocks like RCOM, RELINFRA, PUNJLLOYD, JPASSOCIAT etc (they can move 4-10% in a single day). It is obviously possible to trade intraday in futures over 10 lots in mid cap stocks. But, it depends on 'Risk Tolerance Level' of the trader.

Take One Step at a time. 1st try with SBIN FUTURES. If you succeed, then try with Relinfra, RCom etc one by one. Cheers.

 

[EagleOne]

actually my question is still not answered..
Rajgreenpeace commented that SBIN can be traded in bulk quantity. But I trade in mid-cap stocks like Rel-infra, rcom and sun-tv.. (mostly intraday trading very few times positional). I would like to know whether anyone doing intraday trading in those stock futures in bulk quantity 10 lots and more. Any problem in executing such order, slippage points.. .. slippage mein hi jyada points lag gaye to fir profit kaise hoga

sorry if I am causing any inconvenience to you guys with this question
thnx in advance!!

Actually, my friend, you are not asking any question. Truth is, you are trying to figure out how to cheat your way to quick success in the market. Sorry, pal, there aint any. I should know because I tried the same trick and soon enough the market wrote - specially for me - a new version of the typical 'horror story' which still sometimes wakes me up in the middle of night and bring angry tears of regret in my eyes. But don't believe me. Go ahead with your little scheme and see what happens. Market is ever ready to oblige a sucker with a new copy of 'horror story'!
ST bhai and other experienced traders might give you advice and general pointers to futures trading, but they won't do the lengthy and painful legwork for you. Nobody can. You want to trade 10 sbi lots like Rajgreenpeace right now, but do you know how much effort he might have put to get to that point? This is the guy I have seen putting charts on TJ at 10 pm at night and again at 7 am next morning. Not for a one or two days but everyday. He is passionately involved 24/7 in what he does. People like him do not bother asking how or why kind of questions but keep their eyes and ears open and learn silently every step of the way. That is how one reaches the top of a mountain, not by parachuting down from a plane. It is bloody insulting to the dignity of the mountain, you know!

I will tell you what. You stick with your cash segment and show yourself, not anyone else, a 20-25% consistent and cumulative (compounding) increase in your capital for a year, and I can guarntee you this: you wouldn't need anyone's help to get you on futures train. You would be sitting in the engine room of that train, man!

All right, friends, I think I am done for the day. Trading is on from tomorrow, so I better start preparing for it. See you next weekend. I wish you all very good health, happiness, and a very successful and profitable trading week. Thank you all for the company. Time well spent. Thanks again. Take care.

 

[arcus]

.....
You want to trade 10 sbi lots like Rajgreenpeace right now, but do you know how much effort he might have put to get to that point? This is the guy I have seen putting charts on TJ at 10 pm at night and again at 7 am next morning. Not for a one or two days but everyday. He is passionately involved 24/7 in what he does. People like him do not bother asking how or why kind of questions but keep their eyes and ears open and learn silently every step of the way......

ok guys...........if u follow this formula...........you will b winner............Lacs rupee Q is how?????????ok lets me explain..........in share market.........there two signal...........RED n GREEN.............there is no blue..............yellow or white..........I was in lasbegas...as an officer of GREENPEACE one day I visited in casino.........ROYAL...........entree fee was 300usd with unlimited foods n drink...........I entered 5pm.........n out from the casinio 2am with loss of 900usd............my most of the money............loss was to playing American Roullete.........why?...I bet on my birthday num 28....then play my wife birth day....10........then my daughter 16, then my son 11, every time i beat.........by casino...........why i beat by casino......?bcz when I put bet on my birthday....28 then come my son birthday 11.......wen bet on my daughter birthday 10 that time result was my birthday 28............I analyze.............If i follow my birthday num 28 upto 16 spin my profit wud b double of my loss.......this incident inspired me to follow this strategy in share market............bcoz in share marker there is only two Signal......either GREEN or RED.........now wait for the system.......I will reveal with example.........

Ok guys m back ... .........this the simple formula.........i follow..........I wake up...after bath ......analyze my system.........only nifty..........or bank nifty........n follow CNBC 1 hour.........NDTV profit 1 hour.........if my system n 70 % expert predict nifty will move in green..........then I will.........buy.........nifty..........target 20 points...sl 15 points.........trading hour 3 mnt.......trading period opening bell..........dnt forget always trade with low brokerage like zerodha..........ok coming to the point.........example.......1 lot buy.......tgt 25 points.....sl 15 points..........if sl hit..........my loss will b....750 plus brokerege total 810........now u people think how strategy is holy grail.......ok.....my loss is 810.....ok good........what I m doing.......I shut down my computer.........enjoy with frnd...go for deep sleep ...after 6 pm....I analyze my system with expert comment......what they say.....next morning same thing m doing.......but now my tgt is 15 points and sl is 15........but I will buy 2 lot.........if my tgt hit...my profit wud b 1500-870=630 ........if sl hit........again.......my loss will b.........2370......next morng...I will follow same but now buy 5 lot............I never failed 5 day in a row..................now u guys back test.....n feed back...me.................

Sure, I have learnt a lot from Mr rajgreenpeace passionate involvement in his discovery and subsequent revelation of the Holy grail to the general audience on the sacred day of 16th January 2013.

 

[DanPickUp]

@Rajgreenpeace

I will buy 2 lot.........if my tgt hit...my profit wud b 1500-870=630 ........if sl hit........again.......my loss will b.........2370......next morng...I will follow same but now buy 5 lot............I never failed 5 day in a row..................now u guys back test.....n feed back...me.................

Is your system of 70% back tested and is it a mechanical system? If so, then out of 100 times you must be 70 times in profit. You are 30 time in loss. If those 30 times happen at begin, then you would start on the 31 day with 49 lots in case I did not make a mistake in my math. Now you would need a row of 70 winners to fill up the 100.

If you run in an equal phase you could do 60 trades with out any profit at the end (1+1-2+1-2+1-2+and so on). You even would be in a loss as your 2 lots are traded with a lower target. After that phase, you then would need 40 winners in a row to fill up the 100. Did you back test that?

I may miss interpreted your MM and if so, then where did I do so?

Good trading / DanPickUp

 

[rajgreenpeace]

@Rajgreenpeace

I will buy 2 lot.........if my tgt hit...my profit wud b 1500-870=630 ........if sl hit........again.......my loss will b.........2370......next morng...I will follow same but now buy 5 lot............I never failed 5 day in a row..................now u guys back test.....n feed back...me.................

Is your system of 70% back tested and is it a mechanical system? If so, then out of 100 times you must be 70 times in profit. You are 30 time in loss. If those 30 times happen at begin, then you would start on the 31 day with 49 lots in case I did not make a mistake in my math. Now you would need a row of 70 winners to fill up the 100.

If you run in an equal phase you could do 60 trades with out any profit at the end (1+1-2+1-2+1-2+and so on). You even would be in a loss as your 2 lots are traded with a lower target. After that phase, you then would need 40 winners in a row to fill up the 100. Did you back test that?

I may miss interpreted your MM and if so, then where did I do so?

Good trading / DanPickUp

Your math is strong but Today m drunk will try to answer .......another day:thumb::thumb::thumb:

 

[ajeetsingh]

Every 12 years, Jupiter makes a visit to the earthy sign Taurus and spends a year there. This time also Jupiter entered Taurus on May 17, 2012 and will leave by May 30, 2013.
Let us take a look at how was the market effect during the previous uptrend when Jupiter was in Taurus. Here's a comparison between June 20 1988- July 04, 1989 and the present times.
Omitte 2000-2001 period because that was a downtrend.Jupiter tends to maintain whatever trend he picks up when he enters Taurus

Even the angles of progress of Nifty across time bands, seems to match.Jupiter retro and direct stations seem to have a reversal effect most often.Last time after topping out post Jupiter leaving Taurus, Sensex went on to make a bottom on February 08, 1990-8 months,after Jupiter left Taurus in July 1989.
It is interesting to see that as per NeoWAVE, the current wave E is slated to bottom out in January or February 2014, 8 to 9 months from now!

 

[ajeetsingh]

Todays Nifty Future Resistance @ 5975 so if stays above this level with volume then can test 6005 & 6025 level.. Again higher level is caution for me !!!
Todays Support is Fridays low 5937 if trades below this level then next are 5910 & 5890.