General Trading Chat

[amitrandive]

need ur help on CE-PE..I'm new for options..why dont you open a new thread..the way you take an option trade.

I am too new in it, but it helps in leverage.
Am also learning from Seniors.

Nifty Spot and Nifty Future chart reading is absolutely essential for option trading.

 

[eku]

u r July 2010..
I'm July 2015..

 

[Smart_trade]

Da,
Would you keep SL below the highlighted bar (3 min Nifty)?

If you are asking for NF swing trades, my initial SL is at 7378...for daytrades buy at mph break and keep SL at mpl....

Smart_trade

 

[amitrandive]

u r July 2010..
I'm July 2015..

:rofl::rofl::rofl:

Seniority has nothing to do in the markets.
It is your system and discipline that makes the money,not knowledge.

Knowledge is not power , knowledge is potential power.

KNOWLEDGE will not attract money, unless it is organized, and intelligently directed, through practical PLANS OF ACTION, to the DEFINITE END of accumulation of money. Lack of understanding of this fact has been the source of confusion to millions of people who falsely believe that "knowledge is power." It is nothing of the sort! Knowledge is only potential power. It becomes power only when, and if, it is organized into definite plans of action, and directed to a definite end.

This "missing link" in all systems of education known to civilization today, may be found in the failure of educational institutions to teach their students HOW TO ORGANIZE AND USE KNOWLEDGE AFTER THEY ACQUIRE IT.

Napoleon Hill

 

[arsh22g]

Took a contrarian short at 7405 (NS 7400) based on S&P chart as part of undergoing experiment, initial SL 7435, now moved to 7425.

Failed trade, S&P didn't hold what it showed me

 

[cinderblock]

Failed trade, S&P didn't hold what it showed me

Maybe a case of right trade but wrong S/L or wrong timing. Let's see.

 

[nifty trade]

No there was no short as per the method till afternoon session when the market made a lower VPH and then there was a short trade at 7300 till the end,it gave a small trade of 20-22points.

After the event everyone will say we could have shorted on mpl break but that is not as per the system....system is designed to take care of most challenges the market throws at us but there is no system (Except our hunch system and we all know the fantastic results of hunch system) which will catch all the turns in the market perfectly and in real time.

Not elaborating further as most have not got the theory behind the method right.So let everyone trade as per his understanding.

Smart_trade

ST bro

I know it may be little disappointing to you seeing some people including me to not clearly understand or be able to follow exactly what system is all about...... I agree and understand

But we are new people trying to understand this system......... I am only 6-7 months old guy in this system, and it's a human nature to grasp things slowly......... Not to mention trading is a different dimension altogether and combining trading with human nature flaws, ........ It's extremely difficult sometimes to get hold of the things exactly as told

I would request you to please guide us with patience and correct our flaws when you can and support us because you are the follower of the markets for a long time and know the system also for many years now.......... Compared to people like me who are still only month into following the system.

Hoping for some good insight from you on the system

Thanks

 

[blackberry]

more than 2% our market intraday ?? question mark here?? if more than that strong momentum may be present. All swingers in action today :thumb:

 

[Sunnyraj]

need ur help on CE-PE..I'm new for options..why dont you open a new thread..the way you take an option trade.

I fully agree..Amit bhai you should start a new thread for options...at least sharing some basic knowledge....it will be really helpful..

 

[arsh22g]

Maybe a case of right trade but wrong S/L or wrong timing. Let's see.

aha...so you also saw what I saw
But looks like a wrong trade to me now as all key levels and patterns taken out, highly bullish sentiment prevailing.