General Trading Chat

[amitrandive]

what is the solution to this bro?

Trade on pullbacks , so that stop loss is low.Even if stop loss hits you can get out with a low damage compared to entering on the actual breakout.

If there is no pullback leave it.Chasing a trade will do more damage to the account than not having any position at all.

 

[amitrandive]

Spot Nifty minimum target 7241 , yesterday low.
Need to see European open .

PS: Not a trading call, for educational purpose only

5 min chart of spot Nifty

bhai broker call de raha hai bank nifty intraday ke liye -- broker log ko solid upmove nazar aa raha hai lagta hai

Target was not reached , just missed by some points.
The huge upmove that brokers expected came and got sold into the weakness prevailing on the higher time frame.
High risk traders/scalpers may have made good gains in the up-move too.
But the point in trading in the direction of the larger time frame and understanding support and resistance.
We just need to use our heads and eyes to understand what is happening as per price action and trade accordingly.

 

[wisp]

 

[Fundootrader]

Target was not reached , just missed by some points.
The huge upmove that brokers expected came and got sold into the weakness prevailing on the higher time frame.
High risk traders/scalpers made have made good gains in the up-move too.
But the point in trading in the direction of the larger time frame and understanding support and resistance.
We just need to use our heads and eyes to understand what is happening as per price action and trade accordingly.

Yes boss right and trend still down. Me holding n carrying shorts overnite . Don't trade long so have to miss the up move. I did exit 50% positions to reduce overnight risk

 

[Fundootrader]

Thanks buddy

I have actually traded international markets before, I am relatively new to NF and found it too volatile with my SL and TSL getting hit at an uncomfortable rate. So decided to experiment to reduce the loss rate : actual (because of wrong trade) and opportunity (because of wrong SL/TSL).

So I too observed the same nifty following dax .. Still to observe how to leverage this

 

[amitrandive]

:clapping::clapping::clapping:
Applies to trading 100%

 

[TraderRavi]

Sensex ends below 24K for 1st time since May 2014

Read more at: http://www.moneycontrol.com/news/lo...n-100-pts_5105221.html?utm_source=ref_article

 

[amitrandive]

https://in.news.yahoo.com/india-richest-man-company-killing-010000266.html

And shareholders who brought at high expecting breakout are crying

 

[ganeshams]

Sensex ends below 24K for 1st time since May 2014

Read more at: http://www.moneycontrol.com/news/lo...n-100-pts_5105221.html?utm_source=ref_article

is that mean more panic ahead.

i bought SBI in 2010 @ 1800 levels today i am seeing the same level today

 

[TradeJoker]

is that mean more panic ahead.

i bought SBI in 2010 @ 1800 levels today i am seeing the same level today

Zero sum game