General Trading Chat

[Smart_trade]

IDF as the name suggests is a intraday system . IDF is in long mode from Friday onwards ( above 6950) and today also it is in long mode right from the market opening....

Everybody trades his own system and each system has different sensitivity to the changing market environments.So when I used to be caught in similar situation I used to ask a honest question to myself that whether my system sensors are sensitive enough to catch the reversal ( but it should not be hyper sensitive to catch many false starts and whipsaws) and once we have a convincing answer ( convincing not to others but to my own mind ) then I am fine ...else I need to make some changes to the system sensors.

Just writing how I used to deal with a similar situation....

Smart_trade

 

[vijkris]

Only Method does't make money.
Whole system has be in place to make it work.
When i say system
Method - Setup,pattern
Risk/Reward
Money management
Psychology
Last 3 are edge which you have develop and vary from person to person.

thanks, saved ur post as well.
if edge == Risk/Reward ,Money management ,Psychology ,
then I feel its almost developed. needs polishing.
BTW, thanks for contribution in josh1 utility. :thumb:

 

[XRAY27]

well, saved ur post in my notes.. thanks:thumb:
I have the answer for last 2 questions for sure. :rofl:
1st Q, I feel I will find out the answer after some more real trades.
thanks xray27 garu.

:lol::lol:... 3 questions are not simple and finding answer is also not easy ...anyways what matters is profit...for me low risk entry matters with reasonable hit rate counts...

 

[praveen taneja]

FII?s & DII?s activity on 15-02-2016
Cash Segment (Rs in Cr)
FII?s: -1311.59
DII?s: +1987.45
Net Cash Position: +675.86
Itna bech ke bhi market nahin gira paaye looks something cooking big

 

[josefjohny]

thanks, saved ur post as well.
if edge == Risk/Reward ,Money management ,Psychology ,
then I feel its almost developed. needs polishing.
BTW, thanks for contribution in josh1 utility. :thumb:

In most cases this 'feel' last's a lot longer than we normally would like to

 

[Fundootrader]

On the topic of automation, I do see brokers mentioning excel based trading - isn't that automated

Say NEST to excel - keep monitoring the levels and then trigger trade - At least in ads from data providers/bridge providers they mention trade placement - does that also require certification - or will that fall under semi automated

I'm assuming these bridge providers will be using NEST API for this trading

My query got burried - so just bumping up for fellow trader's inputs

 

[vijayanscbe]

I don't understand much Hindi... Whenever volatility rises above 20, I notice issues...Anyhow, thinking to tweak based on Vega and making it delta neutral... It is a good system for range bound markets and there are people who have made millions with this kind of system...

you from TN?

Very easy to spot a poster is from TN or not :rofl:

 

[sadiq]

ST sir,
Planning to invest 50k tommorow ..long term ..
Please suggest one script (blue chip ??) and target to exit ..long term means say a year or two ..please suggest

 

[Rish]

Very easy to spot a poster is from TN or not :rofl:

Yes, we always use to walk in Middle of the Road, due to poster culture..:rofl::rofl::rofl:

 

[333]

ST sir,
Planning to invest 50k tommorow ..long term ..
Please suggest one script (blue chip ??) and target to exit ..long term means say a year or two ..please suggest

ST sir will not answer,he is strict in forum rules