General Trading Chat

vivektrader

In persuit of financial independence.
#IDF
yesterday sideways/up
todays open gap up above range of yesterday, first bar bearish bar
-then close in range
should such a setup be traded as failure/rejection setup.
 

bpr

Well-Known Member
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Sunnyraj

Well-Known Member
I have seen few traders making more than 3 cr in trading but they have trading capital of 2-2.5 cr and they trade large positions in nifty and stocks futures...something like a position of 1000 NF contracts ( or 75000 nifty fut ) and in that position they day trade and increase their profitability.

ST
ST sir, do these traders use discount brokers or they have accounts with big brokers like ICICI direct, kotak securites etc etc....

Asking this because with big positions they'll be paying big brokerages and charges....
 

vivektrader

In persuit of financial independence.
I think for sideways, ST Da has suggested we use sideways bof trades or use VWAP bands.
Thanks, but even if open is gap up above yesterday's sideways range?
And what about yesterday's up?
 

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