General Trading Chat

[Smart_trade]

Today was a day in which rallies and declines were overlapping each other....by afternoon it was clear that the market is going into correction( every pivot high was lower than the earlier pivot high so market was loosing its steam)...so just 1 short trade in the afternoon session.

Smart_trade

 

[lemondew]

Some suggestions pls Any good reads you have done lately

Adding a little more Am looking at mid timeframes. Not 15 min trades. Any method which would give some indication on where price is headed for next few hours or days.

Which ones seems good Volumes, pattern recognition or any indicators.

Adding I ve read little stuff on MM, psychology, RR.

Seniors,

Some good books or topic suggestions pls which will give some more perspective. For now my knowledge restricted to

I have read for now Technical analysis
1. YTC - volume 2
2. STs/ Subhadips collection of posts

Options side
1. One strategy for all markets - Lord
2. Some Options strategies
3. Volatility

Something other than this. Havent read al brooks. Just heard its all about patterns in the (Resistance/support) zone.

 

[blackberry]

no profit no loss +3 points thats all.

 

[lemondew]

The last nifty high around 2 which around 7578-80 around 2:30ish was much lower than the highs it made the whole day and then I felt the same aroun below those levels.

Today was a day in which rallies and declines were overlapping each other....by afternoon it was clear that the market is going into correction( every pivot high was lower than the earlier pivot high so market was loosing its steam)...so just 1 short trade in the afternoon session.

Smart_trade

 

[amandeep86]

This fear comes when you dont make large profits when the trade goes in your favour...we book out too early so we are always on marginal profitability.....small profits/small losses....but if we have few large profits, we will not fear the terminal fluctuations when the trade comes...that is why traders MUST have some large profits trade in their pocket.

ST

St da ,

For Intraday perspective only , When we say large profits does it mean 3R or above ??Or 2 R is also sufficent??

 

[Smart_trade]

St da ,

For Intraday perspective only , When we say large profits does it mean 3R or above ??Or 2 R is also sufficent??

3 R possible only on trending days.On other days 1.8 to 2 is good RR for day trading.On swing trades 3:1 or 5:1 or even more is achievable.

Smart_trade

 

[amitrandive]

Applies to trading 100%

 

[XRAY27]

Today RR CANDLE day... ..will wait for 11 clock..

 

[Fundootrader]

ST da

What instruments do traders with medium to large capital - take two categories - 30L capital and second 70L capital - trade.

Such traders - do they trade intraday primarily or swing - or what would be ratio : 30:70 intra:swing which these large traders would trade.

I do understand that traders do diversify to other investment avenues - like real estate/mutual fund etc or invest in multibaggers.

But what's of interest is post what point of capital does it becomes difficult to manage day/swing trading

ST Da - whenever you get time - Any view points from your perspective of yours trading and other large traders which you have met.

 

[arsh22g]

Today RR CANDLE day... ..will wait for 11 clock..

Since market is not expecting a rate cut, I guess surprise is only a cut and the following upside. In case of no cut, do you expect a major down-move?