General Trading Chat

[blackberry]

Jan 2016 summary

total points +207.6 intraday, but overtrade killed me number of trades are 74.It was very high,Restless.

In Feb series I will try to reduce my trade and do when correct setup appears.

 

[blackberry]

Traderji was down today for me....... Was it for all traders?

around 3 pm not opening..even some other website were not opening.Some DNS problem over internet.

 

[praveen taneja]

Baba Ji Ne7777 dene ka mood akhir banaa hi liya Jai Ram Ji KI:clap::clap::clap:

 

[TradeJoker]

Baba Ji Ne7777 dene ka mood akhir banaa hi liya Jai Ram Ji KI:clap::clap::clap:

7777

Dede baba dede baba

 

[Fundootrader]

Jan 2016 summary

total points +207.6 intraday, but overtrade killed me number of trades are 74.It was very high,Restless.

In Feb series I will try to reduce my trade and do when correct setup appears.

with 74 trades how much of your profit ends up going for stt/tax etc, assuming you trade in futures

 

[XRAY27]

Just few points for intraday players from my little trading experience as intraday trader

1. R:R will not be there in intraday at most...we have to move as per the setup...say pivot entry then move with pivot if it is range trade just book at 80 % of the previous range..

2. Your trading setup should not hit more the 6 trades of consecutive losses,without being moved to TSL

3. Ambiguity is trading system leads in over trading example entry based on pivot and exit based on candle sticks...net result jumping between trades like monkey

4. More trades you do per day..more likely that your broker will be much more rich, then your account as a whole

5. Don't apply every trading psychology point to intraday, there are more or less for positional one..only few apply for intraday..

6. Backtest a setup for at least 2 years then form a conclusion on MM and Draw down.

7. Intraday moves more or less with traping understand that in full

 

[timepass]

BOJ accepting negative interest rates means - Japan as a country wants to make spending money more beneficial for their people. As interest rates become negative, holding Japanese Yen becomes less and less profitable and next investors will start switching to other currencies. This will appreciate other country currencies for e.g. USD or EUR or INR. Look at USDJPY today - it had a big shoot up today. Exporting from Japan will eventually become cheaper and profitable but importing will be "not so profitable".

Now, is there a co-relation of this with NIFTY jump today? Yes , might be if some FIIs think that Yen depreciation (which is for sure) will in turn bring up INR.

This is what I think, I can be wrong in interpreting today's NIFTY jump.

Be bad if it leads to currency wars with everybody vying to depreciate theirs. But I think it benefited Maruti today (which had open = low = 3940)

 

[blackberry]

with 74 trades how much of your profit ends up going for stt/tax etc, assuming you trade in futures

It is not satisfactory what all I would say

 

[blackberry]

Just few points for intraday players from my little trading experience as intraday trader

1. R:R will not be there in intraday at most...we have to move as per the setup...say pivot entry then move with pivot if it is range trade just book at 80 % of the previous range..

2. Your trading setup should not hit more the 6 trades of consecutive losses,without being moved to TSL

3. Ambiguity is trading system leads in over trading example entry based on pivot and exit based on candle sticks...net result jumping between trades like monkey

4. More trades you do per day..more likely that your broker will be much more rich, then your account as a whole

5. Don't apply every trading psychology point to intraday, there are more or less for positional one..only few apply for intraday..

6. Backtest a setup for at least 2 years then form a conclusion on MM and Draw down.

7. Intraday moves more or less with traping understand that in full

Thanks for sharing,it is much required thoughts.I will take hard copy of this.

 

[XRAY27]

Thanks for sharing,it is much required thoughts.I will take hard copy of this.

Good to see that these points value-add to your trading !!!