General Trading Chat

[headstrong007]

Trapped shorters covered today with loss..Still no weakness in chart..fresh long..probably 7930 on the card..soon..

Achieved & faced res there as expected..it was Higher Time Frame res..

 

[mudraatrader]

SP 500 likely to make ATH, in this week (likely) or in next few days
Only hurdle is to cross BRN decisively, though moving around it
What say.

 

[Mungus]

when my SL get hit back to back in a day(max 3 trades),I feel very insecure.
then I look at 1TF and see there many quick scalps of 8-10 points of NF or 2-4rs of move in Stock Fut and my mind says, "kal se 1TF..."
and again I got hit badly there inspite of a good trading system.

dunno wht the exact prob is this

 

[Tavnaz]

when my SL get hit back to back in a day(max 3 trades),I feel very insecure.
then I look at 1TF and see there many quick scalps of 8-10 points of NF or 2-4rs of move in Stock Fut and my mind says, "kal se 1TF..."
and again I got hit badly there inspite of a good trading system.

dunno wht the exact prob is this

If the highlighted text in quotes is true then,dear friend you needn't worry you will turn up a profit in the long run.
But ofcourse to make the statement in highlighted text, i am sure you have already done the testing of atleast 6 months to confirm maximum drawdown your strategy has during trading periods when trading days were bad,plus the maximum loss which occurred each day(this loss will be the pain threshold when trading for a living) and this loss is the loss you can withstand each loosing day and still not hurt the bottom line.
The above statement in quotes with red text is your answer to the following dilemma
dunno wht the exact prob is this
If you can swear by the highlighted text inspite of a good trading system there is nothing to be afraid.
But if there is even a slight doubt that the system is not net profitable ,the thing that happened today can happen again in future.
Of course is the system good or bad needs faith,which you develop during testing phase,the same phase also tells you how system performed and how you will have to use it in future.
About the S/l hits we all have them,they can never be avoided,important point is to not loose more then what max loss is allowed as per your system each day.
Start fresh tomorrow.
Things will be beautiful on a new day.
God bless you.

 

[ap*]

Booked out of my nifty longs yesterday near market close. Finally feel that there might not be much steam left. So will look at shorting nifty today finally on the break of an hourly low and then go short and hopefully add to that position slowly.

 

[princy01]

this happened to me many times i thought this is because gdfl doesnt support tick data. i changed my data feed to tick data still sometimes this happens.
this is zero sum game because suppose instead of stoploss if u put target order it also would be executed without showing price on chart and this also happens to me many times.

sir

which tick data do you use now ?

regards

 

[Mungus]

Booked out of my nifty longs yesterday near market close. Finally feel that there might not be much steam left. So will look at shorting nifty today finally on the break of an hourly low and then go short and hopefully add to that position slowly.

TA Reason of closing long position please.We're still in uptrend na.

 

[The Disciplined Trader]

sir

which tick data do you use now ?

regards

neotradeanalytics. because its same like gdfl but very low cost specially for zerodha clients.

 

[timepass]

Hi this is the thread to keep record of PnL of my ATS trading stuff. I will be posting my PnL at day end only.

copypasteaee, since your thread is read only, I am posting the query here. What is your opening capital ? How many lots do you trade ? What kind of stoplosses do you keep ? How many points per lot/trade do you aim for ?

 

[Mungus]

copypasteaee, since your thread is read only, I am posting the query here. What is your opening capital ? How many lots do you trade ? What kind of stoplosses do you keep ? How many points per lot/trade do you aim for ?

yes copypasteaee,I was to ask this query but the thread was in lock mode.
As u r sharing ur P&L,why to blurr the initial capital part?