General Trading Chat

[vivektrader]

Still holding my trade. Have trailed sl to 7700s and now will close my system and wait for it. No target as such. Will look at tightening my sl tomorrow. In my opinion (my analysis of the charts) now 7500 is slightly more likely than 8100-8200. Rest in the hands of God and market makers.

Ap
Can you tell me why you took shorts where you did, you almost caught top of market?

 

[manish9300]

All markets are rigged ....Job of regulator is not to look after interests of retail traders....their job is smooth running of market.As far as market is moving their job is done....they panic only when market freezes.So trade accordingly.

 

[deba72]

I am not saying it's rigged. What I am trying to highlight is the shallowness of our market which stands exposed especially with increasing number of HFT traders.

 

[ap*]

Ap
Can you tell me why you took shorts where you did, you almost caught top of market?

Sir i manage to catch the top of the market only 1 out of 10 times. Today was probably only luck. But generally if u want my perspective on how i trade i follow a very simple system of trading developed after years of being on the loosing side.

I have 3 charts open. 3min,1 hour, 1day. So when nifty breaks previous day low i go short judging by the best moment ( highest point i can short ) looking at the lower tf charts. And vice versa to go long. I also actively look at the option chain to see addition of oi and increase or decrease of price. I quantify that and try to see logic from it whether its being sold or bought. I look at options chain as a last min checkpoint before entering a trade.

Using all the above about 4 out of 10 of trades are sucessful. The only way i survive is with sls protecting me on my wrong trades and then trailing my sls on winning trades to make the most out of it on the winning trades. With this system getting 300 nifty points per month isnt difficult at all.

 

[timepass]

USDINR breaks its open high.

 

[vivektrader]

Sir i manage to catch the top of the market only 1 out of 10 times. Today was probably only luck. But generally if u want my perspective on how i trade i follow a very simple system of trading developed after years of being on the loosing side.

I have 3 charts open. 3min,1 hour, 1day. So when nifty breaks previous day low i go short judging by the best moment ( highest point i can short ) looking at the lower tf charts. And vice versa to go long. I also actively look at the option chain to see addition of oi and increase or decrease of price. I quantify that and try to see logic from it whether its being sold or bought. I look at options chain as a last min checkpoint before entering a trade.

Using all the above about 4 out of 10 of trades are sucessful. The only way i survive is with sls protecting me on my wrong trades and then trailing my sls on winning trades to make the most out of it on the winning trades. With this system getting 300 nifty points per month isnt difficult at all.

Thanks buddy for detailed answer, and no I am no sir, thanks again.

 

[throwawayacc123]

There is no harm in using sir. Its not necessary one has to be teacher to be called sir.

Sir can be used normally as a sign of respect to anyone.

Do not think that just because someone addresses you by sir, you become a teacher or hold any position there of.

So please go ahead use sir to address anyone you respect.

 

[ap*]

Thanks buddy for detailed answer, and no I am no sir, thanks again.

Though i have been trading from a few years now, i still think im quite young in this forum. Hint ( im well below 30 ). So id rather address everyone as Sir since im guessing most of the time im addressing people older and wiser than me.

 

[Smart_trade]

Bought some mutual funds today as I am bullish with 3-5 yrs view on our markets.

ST

 

[vikas2131]

TVS is down 10 %