Going with the Intraday Mini-Flow!!

[vpsarathy]

VPS, Have started to have a feeling as if you are taking things casually!! Saint writes : If long 6 lots, (he does not write, long 10 lots)
How did you deduce 10 lots!!! It may come to 10 lots after adds, but the size of the trade may not suit your temperament or RR or MM.... so heed the advise by Rakesh!!!!

RKK,

Sorry 10 lots was an error it is 6Lots. Why make an issue of it? Would appreciate if you don't adjectives like 'casually'. I feel your post will look and read better without the need for such. Thank you for kind reply
vps

 

[Saint]

Thanks Mr Saint..Definitely we need to get it from you.

Just "Saint" is fine......and if I have not already done it,wishing you a warm welcome to Traderji and to this thread.

Saint

 

[vpsarathy]

No ill feelings......but a lot of scared feelings,my friend,when I see this post of yours.

I know you have some amount of respect for me.........if that is true,then listen when I tell you that the time to put in money into a trade is still far off.Please go to my earlier threads,figure things out.Paper trade the 60min Flow and this one......Get the cobwebs cleared.How many shares should you buy?Why there?Why stops there?Posn Sizing?Figure all of this and be clear in your strategies..............Then and then only should you even consider buying even one lot of Nifty.

All this said out of concern alone and not anything else......Please heed this friendly advice.

Saint

Saint,
Inadvertant errors creep into my posts. I should double check b4 clicking the 'submit' button. May be I should change my specs.

Incidentally, I have not put in money; still paper trading. Only now (when doing practicals) doubts come up. While reading every thing seems clear. I know you have enormous patience to answer queries. Just expoilting. Looks like I have reached a limit. Thank you for your greatness of explaining patiently all these days above all thanks for creating the threads. I will not bother you any more.

Thanks for the advice

vps

 

[vpsarathy]

And why would this strategy work only if you get in with 10 lots
I guess you seriouly study the thread 'teach a man to..."....position sizing, MM, drawdowns etc before reading this or any other thread of Saint or others....in short start from the start, its very risky to catch a moving train. Till then you can be on the sidelines and get a feel of things...as I am presently doing.

This is just a free advise, but dont treat it as one.

Rakesh

Rakesh,

It essential that what you write should have connection to what you quote.

10 lots was an inadvertent error. It should have been 6lots.

Thanks for the advice. Will consider the same.
vps

 

[milkyblack]

Saint if you are around...

Should the SL be changed to 4182-9? Bearish bar low minus room...
Just a query... is it a reversal bar? no confusions in mind as such with the system! Just a bit on the reversal bars

Regards

 

[rakeshluthra430]

Rakesh,

It essential that what you write should have connection to what you quote.

10 lots was an inadvertent error. It should have been 6lots.

Thanks for the advice. Will consider the same.
vps

10 lots or 6 lots or 1 lot.....thats not the question VPS....

I dont want to say anything....which will start an argument and waste everyones time. So let it be......and thanks a ton for considering my advise.

Rakesh

 

[Saint]

Saint if you are around...

Should the SL be changed to 4182-9? Bearish bar low minus room...
Just a query... is it a reversal bar? no confusions in mind as such with the system! Just a bit on the reversal bars

Regards

Will be laid to rest after market today........meanwhile raise your stops on the to 4182- room if it goes sideways for much longer or if it goes to new highs.And no,.........no reversal.

Saint

 

[milkyblack]

Will be laid to rest after market today........meanwhile raise your stops on the to 4182- room if it goes sideways for much longer or if it goes to new highs.And no,.........no reversal.

Saint

Ah thanks a lot Saint for your prompt reply! Able to understand bit by bit ...
As always eager to learn from you!

Regards

 

[vpsarathy]

Wanted you to take notice!!!! And there is no issue from my side!!! Just wanted you not to make a blunder!!! Ofcourse it is none of my business!!
But still , please note that
It is also not 6 lots too (as added by me!!! in the said post) Saint said, "IF" , it could very well be 3 or any figure more than one. Yes multiple lots it is, and for that we have an option of Mini contracts to keep the exposure small!!!

RKK
Yes, I understood immediately after I read your post. Last 2 days too many inadvertent blunders are getting into whatever I do. I have related this to age and have to forget it.
vps

 

[ThE HaMmEr]

sl hit...4171.......