General Trading Chat

[TraderRavi]

Then u r huge fan of me

no , you are not transparent like augubhai

 

[cinderblock]

I object to such a general statement

I have 8500+ posts on this forum, and about 80% of them are live posts of my losing trades.

Please don't assume that all people are sane. :annoyed:

There are about 200,000 members (some with multiple ID) on the forum. That makes you 1 / 200,000. Even if there are 100 like you, that makes you less than 0.1% of the population.

I think the generalization is quite justified!

 

[rahulmalik]

Yes...hope that we get one soon and rahulmallik can get out with minimum damage...it pains a trader's heart if anyone loses money because we have been there many times...wishing good luck to him.

ST

Thank you for your wishes ST ji.

I want to share more on this - I hope there will be few learnings for others too. This is more about trade management, than about the trade itself.

I am currently going through the same anxiety levels - when i was holding my shorts when nifty touched 7980 , just before this fall. I started shorting when nifty moved to nearly 7830 levels and it kept going to 7980 before the fall (all my earlier posts can be referred, to see how bearish i was ).

When Nifty in my favour, i did felt happy but the anxiety levels still had their hang over effect, so this made me start exiting my positions pretty early ( i regret this now). A deep ITM put of BN bought at 16900 was covered at 16700, for 200 points profit. No chart was referred to while making this profit booking. It was the first of my put exits and i was too happy with 200 points. While I did expected a 'furious' fall, I had never anticipated 15200 levels. So the major learning was - we should trust our trading plan even for profit booking, based on which the trade was initially taken.

And now, lets see what happens on Monday. I will book losses fearlessly if required, and very high likely cover them in next trade :thumb:

I sincerely thank all experts here who share their learnings through charts, and help gain new insights.

 

[wisp]

Thank you for your wishes ST ji.

I want to share more on this - I hope there will be few learnings for others too. This is more about trade management, than about the trade itself.

I am currently going through the same anxiety levels - when i was holding my shorts when nifty touched 7980 , just before this fall. I started shorting when nifty moved to nearly 7830 levels and it kept going to 7980 before the fall (all my earlier posts can be referred, to see how bearish i was ).

When Nifty in my favour, i did felt happy but the anxiety levels still had their hang over effect, so this made me start exiting my positions pretty early ( i regret this now). A deep ITM put of BN bought at 16900 was covered at 16700, for 200 points profit. No chart was referred to while making this profit booking. It was the first of my put exits and i was too happy with 200 points. While I did expected a 'furious' fall, I had never anticipated 15200 levels. So the major learning was - we should trust our trading plan even for profit booking, based on which the trade was initially taken.

And now, lets see what happens on Monday. I will book losses fearlessly if required, and very high likely cover them in next trade :thumb:

I sincerely thank all experts here who share their learnings through charts, and help gain new insights.

Are there any lessons in your entry? Was your short entry too early? What logic did you apply for that entry?

 

[pratapvb]

I want upper pane as 15tf and lower pane as 3/5tf...so that I can monitor it from a long distance also...that to with my right eye closed

Like this-

http://postimg.org/image/4vbn3zieh/

3min and 5min will not be a good idea as they are not multiples...so it won't work perfectly I think

but something like 3 and 15 or 5 and 15 are possible as they are multiples

 

[pratapvb]

NF 3min and 5min

vertical lines in lower pane are day changes
as TF is different hozintal scale not there

one can select the bar and see time and details in title or on mouse move tip

 

[pratapvb]

nf 3min 15min

 

[pratapvb]

NF 3min 1st pane

bnf 5min 2nd pane

 

[pratapvb]

Does the above meet requirement?

Then AFL is possible. Will share if this is what one is looking for

 

[bpr]

woah just found out the real reason of lot size increase.

SGX nifty 1 lot is $2 i.e approx 130
1 lot SGX nifty Value approx 130* index ~10 Lakh INR

eailrer 1 lot nifty earlier 50 * index ~ 2.5 to 3.5 lakh INR

now 1 lot nifty 75 * index ~ 5~6 lakh INR

becuase of this even though SGX has very less volume but open interest value wise they are almost double/tripple.
This is 2014 statistics before the lot size increase.

No wonder NSE did not like it desperate attempt to salvage some of the damage by lobbying the policy by SEBI.

interestingly the band is suggested at 5 lakh to 10 lakh.
Expect more hike in future lot size till we attain parity with SGX.

Some more info:
SGX nifty minimum tick size is 0.50 comapred to Nifty 0.05
tick value 0.50*130= 65INR vs 0.05 *75 = 3.75 INR
Margin Overnight position 65000 INR vs 45000 INR
Margin percent 6.5% vs 8.1 %

So we can expect the margin to reduce over time till we have parity.