General Trading Chat

[kaalchakrasamay]

may be your yesterday's post apply for today :lol:

IMO, it wont be a tuk tuk day today, either
IMO the high - low difference is likely to be more than 100 points.

 

[Riskyman]

The Fed is scheduled to kick off its two-day meeting on US monetary policy Wednesday and is slated to announce its decision Thursday at 2 p.m. ET.

Read more at: http://www.moneycontrol.com/news/as...ets-mowat_3077781.html?utm_source=ref_article

Much awaited event eh!. Thursday NSE is closed. So good to catch some moves on the spx.
EDIT: I was short in Tata steel this morning but had to exit with 2 point profit due to internet. Now its its down 6 more points. Naseeb kharab hai aaj.

 

[Smart_trade]

The Fed is scheduled to kick off its two-day meeting on US monetary policy Wednesday and is slated to announce its decision Thursday at 2 p.m. ET.

Read more at: http://www.moneycontrol.com/news/as...ets-mowat_3077781.html?utm_source=ref_article

If the Fed increases the rates, it will be good...the markets will sell off and then that event is discounted. But if they postpone the increase in Dec then uncertainties will continue which is bad for any market.

Smart_trade

 

[TraderRavi]

IMO, it wont be a tuk tuk day today, either
IMO the high - low difference is likely to be more than 100 points.

definition of tuk tuk day :
if for most part of the day, range is very small , its tuk tuk day

 

[TradeJoker]

much awaited event eh!. Thursday nse is closed. So good to catch some moves on the spx.
Edit: I was short in tata steel this morning but had to exit with 2 point profit due to internet. Now its its down 6 more points. Naseeb kharab hai aaj.

sebi !! Sebi !!!

 

[kaalchakrasamay]

definition of tuk tuk day :
if for most part of the day, range is very small , its tuk tuk day

which range you are talking of. Give some example
It may depend on the time frame one is trading.

 

[nifty trade]

If the Fed increases the rates, it will be good...the markets will sell off and then that event is discounted. But if they postpone the increase in Dec then uncertainties will continue which is bad for any market.

Smart_trade

Sir ji

please share your options strategy when you were not trading actively due to health issues

 

[pareshR]

Much awaited event eh!. Thursday NSE is closed. So good to catch some moves on the spx.
EDIT: I was short in Tata steel this morning but had to exit with 2 point profit due to internet. Now its its down 6 more points. Naseeb kharab hai aaj.

i think we have to kept one internet for backup..

 

[Riskyman]

i think we have to kept one internet for backup..

I have 3. All down due to some cable/electrical maintenance in my building. Thankfully Tata photon is working well today(which is rare)

 

[Smart_trade]

Sir ji

please share your options strategy when you were not trading actively due to health issues

Not possible to share the exact thought process until I give exact trades, levels etc and now I think it is not right to post all those as it is against the rules.

I can give the basic idea without going into levels, profits made etc.....As the market was in downtrend. I bought a 7900 puts....later because of my illness it was not possible for me to sit infront of the computer and monitor the trade as I was running high fever and the risk was if Gov Rajan cuts the rates by larger than expected, then the market would have taken a upswing and I would have lost on puts premiums...so I sold 7600 puts just to recover some premium....so it was a debit spread using puts...

As the markets went down, I booked profits on some 7900 puts and converted the spread trade into ratio spread..( took some additional protection of deep out of money puts at small premiums just to protect in case of crash scenario )and when the market was not going down, squared off the entire position giving profits....

As it is an old trade now, the above details will be sufficient to get the idea.No great strategy or system or anything...just trade management.

Smart_trade