General Trading Chat

[Brill]

Aaj kaafi free time hai...have bought in dips..now waiting....

ST

Sir,
Are you still doing INTRADAY?

In your experience, intraday and positional which one is good?

Thanks

 

[Smart_trade]

Sir,
Are you still doing INTRADAY?

In your experience, intraday and positional which one is good?

Thanks

I do both, intraday as well as swing/positional trades.

Intraday and swing both have their advantages and disadvantages. So one cannot say which is better. It depends on one's mindset and comfort levels. I know people who are good swing traders and few people who are good daytraders...both are successful.

Comfortwise swing trades are more comfortable but intraday has lots of fun.....so choose any mode based on what you like.

Smart_trade

 

[Brill]

I do both, intraday as well as swing/positional trades.

Intraday and swing both have their advantages and disadvantages. So one cannot say which is better. It depends on one's mindset and comfort levels. I know people who are good swing traders and few people who are good daytraders...both are successful.

Comfortwise swing trades are more comfortable but intraday has lots of fun.....so choose any mode based on what you like.

Smart_trade

Sorry to trouble you with more questions ST Sir and thank you so much for your patience to answer each and every question.

Which method you suggest for NF swing/positional trade for a beginner(never done swing/positional )? and How much capital required to start with one lot?
Gone thru SuperTrend using Zerodha Kite with 1H tf. is it good for positinal?

Thanks

 

[princy01]

Dear all

Please all, please provide information on client wise position limits, my broker India info line today told me that they have hit some kind of position limit in bank nifty options, but as I understand the limits are on banknifty futures only, there is no broker wise limit in options as per my understanding.

I think he is lying to me for some reason as I had requested him to open extra limits for me on expiry days

 

[amitrandive]

I dnt believe any such theory, I try to trade all the signals from my system. I believe in uncertainty of market. BDW, yesterday I missed the Long by my system, and had a minor loss day .

This is not any theory ,dear friend.

This is based on the simple fact that many times markets consolidate after a big move on the previous day.

And when the price action keeps wandering between PDH and PDL,it becomes an almost inside day.

BDW , this is also uncertainty.

 

[mudraatrader]

some one trading in ZEEL !!!!!

 

[mudraatrader]

SGX Nifty (Jun 8) 8,310.50 +26.50

any news
or
happy because of arrival of monsoon (officially) in mainland India

 

[Smart_trade]

Sorry to trouble you with more questions ST Sir and thank you so much for your patience to answer each and every question.

Which method you suggest for NF swing/positional trade for a beginner(never done swing/positional )? and How much capital required to start with one lot?
Gone thru SuperTrend using Zerodha Kite with 1H tf. is it good for positinal?

Thanks

Any mechanical system will give you average returns as during sideways period they lose lots of points earned in trending period.I have never traded with supertrend but few people in this thread are of the view that it is an efficient system. But be prepared to withstand whipsaws/drawdowns.

Best methods are price action methods but there is no readymade method, one has to build his own method putting in various components togather and that is not an easy job.

Before starting trading any method backtest it bar by bay manually for a long period so that you know the various aspects of that method well and you have confidence in that method. From your question it appears that you have not backtested any method. So do it before you start actual trading.

Smart_trade

 

[vikas2131]

Any mechanical system will give you average returns as during sideways period they lose lots of points earned in trending period.I have never traded with supertrend but few people in this thread are of the view that it is an efficient system. But be prepared to withstand whipsaws/drawdowns.

Best methods are price action methods but there is no readymade method, one has to build his own method putting in various components togather and that is not an easy job.

Before starting trading any method backtest it bar by bay manually for a long period so that you know the various aspects of that method well and you have confidence in that method. From your question it appears that you have not backtested any method. So do it before you start actual trading.

Smart_trade

I use supertrend and i could tell ya that on its own..it wont be good enough...u need additional filters to make it work ...

 

[Smart_trade]

Dear St Sir
Please put some light on scaling up the trading business..I mean how can we scale up trading business ? as a price action discreationary trader, we cant concentrate on more than 1-2 scrip.so how to scale up as a price action trader? as somebody have another buisness..if they succesfully run 1 shop, they can invest their profit & start another shop/factory..other buisness can scale up easily..& they grow exponentially ..they can set more branches & increase income..but in our business, how can e do that
1) suppose some trader initially invests 10 lakh / 20 lakh as initial capital and makes on an average 10 percent profit per month ,he doesn't withdraw any money out of trading for expenses ( he has other sources to take care of household expenses) he invested all 100 % profit in the same trading business , so he can compound his money at the rate of 10% @month.
after 2-3 years, it can be a huge capital..then how to trade with that amount..as scrips are limited..what about 5 -8 years, how will he scale up that tradign business?
2) how does & how much can we scale up that business?
3) you know many senior & profitable trader who has been in this period for a very long time..what is the limitation of scaling up this businees for them?I meant after a certain capital, they need to withdraw money & invest in other business?what is the maximum limit of capital to invest in this buisness?
4) If After a certain time, there is limit for scale up, so do we need to do other businesses for more income ?if we dont want to ivest in other business or we dont want to invest in real estate or long term equity etc, then what is our options to trade?
as price action trader, we cant concentrate on more scrips or more markets..then how to scale up?
I know I am sounding follish or like mungeri lal key haseen sapney...but i beileive nothing is impossible..
please share your view
thanks

Few ideas on scaling up of this business :

1) If you want to scale up, then you have to trade larger timeframe,trade mechanical systems which require less thinking .

2) Trade more scrips on larger timeframe so that you have time to think about various positions.

3) Think of trading long term and investing after some time for generation of wealth.Stocks and mutual funds we can use.

4) Think of starting a KPO in which you decide mechanical trading systems and employ people who will trade in groups say one group of 2 employees trade Nifty, other group trades SBI, 3rd group trades Bank Nifty etc. These people should not be held responsible for profits/loss but they should be held responsible if they have not taken the trade as per the system.

5) Start a hedge fund and employ traders to trade some fixed capital and increase the capital limit once you have confidence in their trading abilities.

6) Go for algo based trading in which you can programme for number of scrips.

As and when you overcome various stages, next stage doors will open.

Smart_trade