General Trading Chat

[TraderRavi]

Though directed to ST Sir, will just add some nibbles of info that I have.

On an interview, Anton Kreil said he allocated 60% to equities, 25% forex, 10% commodities and 5% for intraday opportunities. Also, some big retail traders trade just FX due to 24 hour trading and high liquidity. One of my known persons (prof) trades ~$20 mn globally on Indices (including SGX Nifty), Commodities and Forex, I have seen him do 2 hour trades (taken and covered during the classroom session) to 2 month trades without any specific plan on how much to allocate where, just looking at the opportunity and exploiting it. Summarily, I think it will become difficult to focus on just one instrument, one strategy and one geography/market if you are planning to set-up a hedge fund or trade ~50 L - 1 cr as retail trader.

In fact, I asked a similarly intended question just yesterday, but in terms of the max # of NF shares seniors have seen as being traded by Indian retail traders.

In nifty many times we see 75000 Q , may be some HNI.
Daytrading with 15000 Q may become too risky due to slippages.
Swing traders with 4-5 crore capital some trade only NF .
Some big capital traders only trade crude oil.

 

[pareshR]

In nifty many times we see 75000 Q , may be some HNI.
Daytrading with 15000 Q may become too risky due to slippages.
Swing traders with 4-5 crore capital some trade only NF .
Some big capital traders only trade crude oil.

RAvibhai you are also trading Crude Oil

 

[pareshR]

How does a lion fetches its food? Day Trading ( be a Lion)

A lion, will wait, patiently, for its prey to be at an attack distance. It positions itself so that its prey can be cornered. When the right time comes, it attacks with a high speed. Strikes with a precision. It catches the prey at the right place and focuses on its kill until it is over.

Now question your self.

Are you patient enough to wait for the right trade set up.

More than 50% of time market runs in side trend. It takes longer time to fuel a trend momentum. But the trend lasts for a shorter duration. Can you wait patiently until a trade set up is complete? That is why I say trading is boring.

Can you make the right decision in one or two seconds.

Market is dynamic. Unlike the study of day bars, where the market is closed and there is plenty of time to make decision, until the next day, study of minutes bars poses a challenge. The market is open and changing. There is hardly any time to make decision. In such a situation, can you make trading decision in seconds?

Are you ready to wait until a valid buy / sell signal is triggered.

Premature entry to a trade will make your trading life miserable. If the valid signal has not yet triggered, there are more chances that the trade may go opposite, to the expected direction.

Can you place and execute the required orders, before the prices moves away from the price of entry.

Once a trade entry is triggered, the prices reaches the target in a very short time comparatively. I have seen the target achieved in less than a minute. Such a dynamicity requires a fast decision and a fast action.


Can you focus on your trade without any sort of disturbances, until the trade is completed.

After the trade is triggered, anything can happen. It may be a false break out and the price might reverse immediately after the entry. The trade might achieve its target and reverses, so the once profitable trade will turn into a loss trade. Or it might linger in a side movement, wasting the precious time. So once you enter your trading room, no phone calls, no chit chating, no TV, no story books. (And no quarreling with your spouse, or no romance also.) You cannot combine day trading with other businesses. So can you spare your undivided, undisturbed, attentive trading mind, until the trade is completed.

Are you young and energetic?

Maximum percentage of beginners who succeed in day trading, are below the age of 35. Younger age tends to be dashing, takes higher risk and makes decision faster. Older age tends to be more slow and avoids risk. Same is true for learning any other faculties, like swimming, car driving, skiing, para jumping, etc;. But once you have trained your day trading mind, continuing at older age may not be a problem.

source : internet

 

[vivektrader]

How does a lion fetches its food? Day Trading ( be a Lion)

A lion, will wait, patiently, for its prey to be at an attack distance. It positions itself so that its prey can be cornered. When the right time comes, it attacks with a high speed. Strikes with a precision. It catches the prey at the right place and focuses on its kill until it is over.

Now question your self.

Are you patient enough to wait for the right trade set up.

More than 50% of time market runs in side trend. It takes longer time to fuel a trend momentum. But the trend lasts for a shorter duration. Can you wait patiently until a trade set up is complete? That is why I say trading is boring.

Can you make the right decision in one or two seconds.

Market is dynamic. Unlike the study of day bars, where the market is closed and there is plenty of time to make decision, until the next day, study of minutes bars poses a challenge. The market is open and changing. There is hardly any time to make decision. In such a situation, can you make trading decision in seconds?

Are you ready to wait until a valid buy / sell signal is triggered.

Premature entry to a trade will make your trading life miserable. If the valid signal has not yet triggered, there are more chances that the trade may go opposite, to the expected direction.

Can you place and execute the required orders, before the prices moves away from the price of entry.

Once a trade entry is triggered, the prices reaches the target in a very short time comparatively. I have seen the target achieved in less than a minute. Such a dynamicity requires a fast decision and a fast action.


Can you focus on your trade without any sort of disturbances, until the trade is completed.

After the trade is triggered, anything can happen. It may be a false break out and the price might reverse immediately after the entry. The trade might achieve its target and reverses, so the once profitable trade will turn into a loss trade. Or it might linger in a side movement, wasting the precious time. So once you enter your trading room, no phone calls, no chit chating, no TV, no story books. (And no quarreling with your spouse, or no romance also.) You cannot combine day trading with other businesses. So can you spare your undivided, undisturbed, attentive trading mind, until the trade is completed.

Are you young and energetic?

Maximum percentage of beginners who succeed in day trading, are below the age of 35. Younger age tends to be dashing, takes higher risk and makes decision faster. Older age tends to be more slow and avoids risk. Same is true for learning any other faculties, like swimming, car driving, skiing, para jumping, etc;. But once you have trained your day trading mind, continuing at older age may not be a problem.

source : internet

Are you sure about this <35years thing

 

[XRAY27]

How does a lion fetches its food? Day Trading ( be a Lion)

A lion, will wait, patiently, for its prey to be at an attack distance. It positions itself so that its prey can be cornered. When the right time comes, it attacks with a high speed. Strikes with a precision. It catches the prey at the right place and focuses on its kill until it is over.

Now question your self.

Are you patient enough to wait for the right trade set up.

More than 50% of time market runs in side trend. It takes longer time to fuel a trend momentum. But the trend lasts for a shorter duration. Can you wait patiently until a trade set up is complete? That is why I say trading is boring.

Can you make the right decision in one or two seconds.

Market is dynamic. Unlike the study of day bars, where the market is closed and there is plenty of time to make decision, until the next day, study of minutes bars poses a challenge. The market is open and changing. There is hardly any time to make decision. In such a situation, can you make trading decision in seconds?

Are you ready to wait until a valid buy / sell signal is triggered.

Premature entry to a trade will make your trading life miserable. If the valid signal has not yet triggered, there are more chances that the trade may go opposite, to the expected direction.

Can you place and execute the required orders, before the prices moves away from the price of entry.

Once a trade entry is triggered, the prices reaches the target in a very short time comparatively. I have seen the target achieved in less than a minute. Such a dynamicity requires a fast decision and a fast action.


Can you focus on your trade without any sort of disturbances, until the trade is completed.

After the trade is triggered, anything can happen. It may be a false break out and the price might reverse immediately after the entry. The trade might achieve its target and reverses, so the once profitable trade will turn into a loss trade. Or it might linger in a side movement, wasting the precious time. So once you enter your trading room, no phone calls, no chit chating, no TV, no story books. (And no quarreling with your spouse, or no romance also.) You cannot combine day trading with other businesses. So can you spare your undivided, undisturbed, attentive trading mind, until the trade is completed.

Are you young and energetic?

Maximum percentage of beginners who succeed in day trading, are below the age of 35. Younger age tends to be dashing, takes higher risk and makes decision faster. Older age tends to be more slow and avoids risk. Same is true for learning any other faculties, like swimming, car driving, skiing, para jumping, etc;.But once you have trained your day trading mind, continuing at older age may not be a problem.

source : internet

Paresh Bhai !!!!

Excellent stuff !!! started @ 25 and got hold at 27,turned my self as Full time trader, now running in 35's...:lol: with this year it is 8 years as TFL( Trading for living)

 

[TraderRavi]

RAvibhai you are also trading Crude Oil

some low capital traders also trade crude oil :rofl:

 

[XRAY27]

Are you sure about this <35years thing

i have seen old persons starting @ 40's doing well in intraday !!! but majority favors younger age...off course it depends on trade system and it must be ambiguity free for any success from entry to exit..

 

[vivektrader]

i have seen old persons starting @ 40's doing well in intraday !!! but majority favors younger age...off course it depends on trade system and it must be ambiguity free for any success from entry to exit..

Never mind I am only 2yrs older to you

 

[wisp]

Are you sure about this <35years thing

In my experience age has nothing to do with a sharper brain or risk taking appetite. Just have to spend enough time with people of varying age groups and backgrounds to realise this.

 

[XRAY27]

In my experience age has nothing to do with a sharper brain or risk taking appetite. Just have to spend enough time with people of varying age groups and backgrounds to realise this.

Wisp Bro !!!!

Just give examples of trading...not politician ,inventors and sportsmen...they have nothing to do with trading..

Sir Isaac Newton – “I can calculate the motion of heavenly bodies, but not the madness of people” :lol::lol: