General Trading Chat

[vivek.natraj]

two ways:

1. Sell the pair which has least premium and keep on shifting to lowest value pair as and when day/ month progresses. Say you got 400 points by selling a straddle. your profit will be 400*75 - (brokerage + slippages) for complete month.
2. keep on selling least value straddle without covering previous one. requires big amount of margin for doing it.

I was taking similar trades, selling premiums at 1.5 SD levels( and considering support levels... When nifty was 7800-7900, the levels 7300 and 7500 looked to me like big support levels and sold premiums) and things were fine for the past two years except for last week(Trading is not my full time job)... Added to some positions around 7260 levels... Couldn't tolerate more loss and closed on Friday morning... Wondering where to startwith now... VP, VWAP, order flow are all in front of me but I am lost... Went through posts on risk management and money management in the weekend but things had worked fine for the past two years....

 

[blackberry]

Nice support showing on +1SD

 

[cinderblock]

I was taking similar trades, selling premiums at 1.5 SD levels( and considering support levels... When nifty was 7800-7900, the levels 7300 and 7500 looked to me like big support levels and sold premiums) and things were fine for the past two years except for last week(Trading is not my full time job)... Added to some positions around 7260 levels... Couldn't tolerate more loss and closed on Friday morning... Wondering where to startwith now... VP, VWAP, order flow are all in front of me but I am lost... Went through posts on risk management and money management in the weekend but things had worked fine for the past two years....

I have said it before and will say it again regarding selling straddles / strangles:

Sau sonar ki EK lohar ki

 

[pratapvb]

Pratapbhai

Is it due to break away gap? .. or you are seeing something on vwap.
Pls eloberate if any vwap thing.


niftytraps.

on daily hammer + gap up above prev day high... if continues in direction of gap in first 5-15 mins then strong possibility of shorts giving up as the day progresses

 

[pratapvb]

Whats the next resistance level given 7131 gone on NF

7165-70 already mentioned

 

[mittens]

Nice support showing on +1SD

Is that an Amibroker chart, if yes how did you got such beautiful colors.

 

[jassinko]

Read in another thread that someone made 175 % on his capital and then finally lost all the gains and ended up in 45% loss.....is it trading or gambling?all this within 1 week......

All talks of mm,trade management etc is not for intelligent looking discussions but they are to be implemented in our trading.

Smart_trade

i suffered same thing many times..........it was pure indiscipline.......... by knowing all stufff....R:R, MM........still not able to implement ur set-up every time takes away ur edge, ur confidence, ur morale, ur money, ur peace and finally life...........so i think discipline is the utter most important thing in trading..........learning that from many years....and finally vowed to enter my hard earned money only when i m 100% sure about myself

 

[pratapvb]

Is that an Amibroker chart, if yes how did you got such beautiful colors.

there are parameters in the VWAP AFL to set the colors of choice for different zones

 

[vijkris]

Nice support showing on +1SD

looks like ninja trader, is it?
still very beautiful chart :thumb:

 

[vivektrader]

looks like ninja trader, is it?
still very beautiful chart :thumb:

Looks like ios7 version of pratap sir's vwap