General Trading Chat

[vivektrader]

I am not talking from perspective of amount of orders, because my order will anyways be tiny compared to the size of the market. It's about how fast your order gets in the queue, depending on the broker's infra. If an institutional trader is running the same strategy, his delay will be minuscule due to co-location. Even if the strategy is going to work, I will be exposed to more risk as my order will be further away from the start of the move.

Why not just decide that we won't be enticed by such a risky trade, if seniors are advising us to not burn our fingers, we should take it at face value and look elsewhere for our trade.
Thanks

 

[vijkris]

Why not just decide that we won't be enticed by such a risky trade, if seniors are advising us to not burn our fingers, we should take it at face value and look elsewhere for our trade.
Thanks

frankly speaking, I also tried many times to trade @ 11, but always lost.
volatility will be very high sometimes and heavy slippage occurred even at 1.30-2pm , maybe due to Europe opening...

 

[pratapvb]

nice day till now

I was short 67 from around 10 (pre RBI I trade only half qty) ....with SL around 83

gave nice BD added some more to it to make full and then booked some at 21.2

now trailing

 

[arsh22g]

Very good, but there's a corollary for all of us here. The trading systems developed/tested by masters like ST, Saint, Traderji etc, are for all of us to learn as a starting step. If our learning stops there, then we haven't really done anything with our chosen profession, it will be like feeding off from someone else' skills. Testing, tweaking, experimenting and innovating should not stop for us if we really respect our teachers/masters, and want to give something to the next generation of traders in addition to what we got from our teachers/masters.

I know it's hard and may sound like "gyan", but think about it for a minute. Even the World's oldest and tested profession like prostitution makes money........but just money, nothing else.

Why not just decide that we won't be enticed by such a risky trade, if seniors are advising us to not burn our fingers, we should take it at face value and look elsewhere for our trade.
Thanks

Because of this

And I don't think it's because of enticing, it's about finding opportunities and trying to exploit them. If it didn't work for someone, we can try to find reason and try to improve (if it can be improved by us, otherwise let someone else put their thinking cap on), but just putting a stop to everything doesn't gel with me.

 

[vivektrader]

Because of this

And I don't think it's because of enticing, it's about finding opportunities and trying to exploit them. If it didn't work for someone, we can try to find reason and try to improve (if it can be improved by us, otherwise let someone else put their thinking cap on), but just putting a stop to everything doesn't gel with me.

That point is well taken. But if somebody tells us that if we jump from a cliff, its gonna hurt, we should just accept it, well on a lighter note, if somebody literally jumps, it does keep people like me in business

 

[HEM]

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[tradingstudent]

Hi Tracer Bullet,

Thanks for the inputs. Nice user name: Huge fan of Calvin.

Could you please tell me what ERL means in ST's method?

Thanks

 

[amitrandive]

Will this strong momentum push Nifty beyond 7600?

 

[arsh22g]

That point is well taken. But if somebody tells us that if we jump from a cliff, its gonna hurt, we should just accept it, well on a lighter note, if somebody literally jumps, it does keep people like me in business

No hard feelings :thumb:

 

[tradingstudent]

Because of this

And I don't think it's because of enticing, it's about finding opportunities and trying to exploit them. If it didn't work for someone, we can try to find reason and try to improve (if it can be improved by us, otherwise let someone else put their thinking cap on), but just putting a stop to everything doesn't gel with me.

I have mixed feelings about this...

We will end up in one of the following categories:

Fortune favors the brave (or) Fools go where angels fear to tread. :thumb:

I agree with you, nothing wrong in trying to find an opportunity and exploiting and figuring out the drawbacks:thumb:

Anyway trading is such that, the proverbs were passed down from one generation to other. The younger generation had to break them to fully understand why there were to told.

Simple Thing Like "Don't trade against the trend" is repeated so many times but until one experiences it and trades against the trend does one not understand the meaning....