General Trading Chat

[ap*]

Apart from news any other reason for short?

Consistent upmove for a few days in a row followed by a break in previous day low ( which is my primary indicator ) and one of the lowest delivery percentages i have ever seen for reliance infra ( around 6% ) all pointed to one thing for me. I am short since yesterday. Hoping to add more lower.

Still holding Nifty short also from yesterday. Updated sl today.

Both the above is what my system of trading primarily consists of. Hoping that it works

 

[timepass]

Consistent upmove for a few days in a row followed by a break in previous day low ( which is my primary indicator ) and one of the lowest delivery percentages i have ever seen for reliance infra ( around 6% ) all pointed to one thing for me. I am short since yesterday. Hoping to add more lower.

Still holding Nifty short also from yesterday. Updated sl today.

Both the above is what my system of trading primarily consists of. Hoping that it works

What is your current SL for Nifty and Relinfra ? Spot or futures ?

 

[Rehab]

MM and Risk Management Question
1L me 1 lot Nifty Futures
2L me 2lots Nifty Futures

Option trading how to manage?
115rs is premium=8625rs for 1 lot Nifty Option
so can we trade 10-11 lots in 1L?

pls write your view on this Pls.

 

[arsh22g]

Wickets are falling down like supports getting broken in a bear market, trader inside me is looking at the match like red candles on a chart

 

[ap*]

What is your current SL for Nifty and Relinfra ? Spot or futures ?

Reliance infra Sl is 520.
Nifty Sl is 7550.

Both spot.

 

[XRAY27]

All Learners should remember this

Trading is not something where one picks up a system from someone or learns a systems and starts making money. Every individual is different with different mindset...so every trader has to make a system which is in tune with his mind and beliefs. And that is not an easy task.

I have seen many successful traders but not yet seen 2 successful traders trading same/identical system....each of them has a different system...so system is not a plug and play thing.
Smart_trade

Bottomline: All the system/s or setups, will reduce your time in learning curve and helps to build your own ...

 

[vikas2131]

FED meeting today and tomorrow...statement to look out for..

 

[wisp]

All Learners should remember this

Originally Posted by Smart_trade View Post
Trading is not something where one picks up a system from someone or learns a systems and starts making money. Every individual is different with different mindset...so every trader has to make a system which is in tune with his mind and beliefs. And that is not an easy task.

I have seen many successful traders but not yet seen 2 successful traders trading same/identical system....each of them has a different system...so system is not a plug and play thing.
Smart_trade

Bottomline: All the system/s or setups, will reduce your time in learning curve and helps to build your own ...

Everybody has to start somewhere though and systems/methods/setups are the place to start, otherwise we will never learn anything as a newbie if one comes and says one wants to make their own system before they start trading. I think we need to pick a system/method trade it, make some profits, then do whatever is necessary to modify the system/method, create your own to become more successful. ST Da probably was refering to pheonomenally successful traders.

 

[timepass]

BNF has open = Low

Crompton seems to be in a hurry to get to 50.

 

[traderniftybank]

NF now looking to 7500, if holds 7440