General Trading Chat

St,

Any Swing position ? It closed above yesterdays resistance. Two days its closing towards the highs.
Yes, yesterday I had taken long position but in options and few stocks. Today taken long in Nifty futures also at the open.This is a swing trade.

Smart_trade
 

wisp

Well-Known Member
Yes, yesterday I had taken long position but in options and few stocks. Today taken long in Nifty futures also at the open.This is a swing trade.

Smart_trade

Da, what is the rate of success when you take a trade at open? By open I am assuming you mean as the first one min bar is forming.
 
Da, what is the rate of success when you take a trade at open? By open I am assuming you mean as the first one min bar is forming.
I take a trade at open when the set up is in place and the market did not act yesterday but it is acting as per the setup today. As the set up is already in place, it has a good success rate.

You can take a trade on first consolidation and the breakout from that. But sometimes the first breakout will come at higher prices.

If the set up is not in place, I wont buy the first bar as it is risky and the market may sell off on gap up opening.

Smart_trade
 
Today market is up so you are in Long position :confused:;)
I traded from long side yesterday also but did not keep long position in Nifty futures. Today also if the market closes strong , I will keep the position else will get out.

ST
 

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