General Trading Chat

[Mungus]

Scalp in the direction of trend, scalp when the price is breaking a PL./PH...same usual ideas...nothing new.

ST

mostly ATM naa?

 

[Smart_trade]

mostly ATM naa?

Yes but in the money options will give you larger profits ( and larger losses also if wrong ). For scalping I use in the money options.

Smart_trade

 

[Smart_trade]

With that money one could buy a few BMWs.

Motor cycle was a depreciating asset. Eicher Motor share was an earning and appreciating asset.

If one had invested Rs 1 L in Maruti shares when its plant started in India instead of buying a Maruti 800 car at Rs 1,10,000 ( that was the price in premium market and official price in lottery system allotment was Rs 55,000 ) today he could buy a private jet with the wealth which Maruti shares created.

Smart_trade

Many have created large wealth with shares of HDFC,HDFC Bank,Hero Motors,Asian Paints,Nestle,Maruti,Bajaj Finance,Eicher Motors .....one of my close relative bought a 3 bedroom flat in Mumbai on his investment in Asian Paints alone.8-10 years long holding is necessary in growth stocks.So wealth is not created in Infosis and Wipro only, many companies have created wealth for their shareholders.

ST

 

[vagar11]

Most of them are sugar stocks. Dwarikesh jumped by 8.5 times within a year.
http://profit.ndtv.com/market/stocks-gainers/allnse_yearly

 

[Vipul_84]

Smart Trade Sir, At "other" place, you had a method called as SWIFT. The concept was trying to amalgamate higher TF in lower TF chart. The concept is based on sound trading principle of trading in the direction of higher TF trend. Just to cross check- does it still work in the current times of algo dominated world? Also, for Nifty futures intraday what SMA do you suggest on 5 min chart? I found some old charts but mostly they are BNF, I am looking for NF. Can you share a couple charts marking SWIFT trades?

Scalp in the direction of trend, scalp when the price is breaking a PL./PH...same usual ideas...nothing new.

ST

 

[Smart_trade]

Smart Trade Sir, At "other" place, you had a method called as SWIFT. The concept was trying to amalgamate higher TF in lower TF chart. The concept is based on sound trading principle of trading in the direction of higher TF trend. Just to cross check- does it still work in the current times of algo dominated world? Also, for Nifty futures intraday what SMA do you suggest on 5 min chart? I found some old charts but mostly they are BNF, I am looking for NF. Can you share a couple charts marking SWIFT trades?

Swift system was created for people who found it difficult to understand pivots and its nuances.It still works great. I know a few traders who made large profits on swift. One young boy from Kolkata traded swift and from first month's profit he bought an airconditioner for his parents as they were staying in a small house with tin roof which used to get hot in summer.

In swift we had 50 SMA for trend direction....it could be 21 MA also for aggressive traders. In my view it is not the system which makes money, it is the trader trading that system who makes money. I dont quite remember it now though broad parameters I remember. 2MA system shared by Subhdip also is similar in nature.Swift uses single MA and simple minor pivots.

Smart_trade

 

[ap*]

Manish9300 and AP* Sir,
1)which option do you trade-ITM,OTM,ATM?
2)do you carry forward?
3)naked trading or straddles etc you trade Sir?

pls reply.

90% of the time i trade index futures only. 5% of the time naked options buying. 5% of the time each lot of index futures hedged with 3 lots of the corresponding put or call.

No matter what the premium i only trade ITM options.Whenever im confused i get onto straddles. Straddles are also itm only.

 

[Blackhole]

--- removed incorrect thread---------


sorry had posted by mistake moved to correct- columbus thread http://www.traderji.com/options/70810-banknifty-puts-calls-78.html#post1156999

 

[adg123]

confusing, is not it Short Gut ?

 

[Blackhole]

confusing, is not it Short Gut ?

long or short Straddles are ATM like 7800 call + 7800 Put.

long or Short Guts are ITM.... 7500 call or 8000 put