Hello from Nifty Trader

[niftychance]

Hello Members

I am trading for past 3 years, after trading stocks unsuccessfully have found some moderate success with trading nifty futures and options.

When started to trade thought nothing would be easier than trading ...

Found out after a big cost that it is not easy to predict what will happen next, it's a game of chance ...

For me, the lesson so far is, never stand with a loss making position ... cut it before it cuts deep into your margin account.

I have read documents from this site on Trend Following, kindly shared by a friend, also he recommended to join the site for further learning...

Hope to learn from seniors

Thanks for help

 

[uasish]

niftychance,

A warm Welcome to the Forum,all of us have to give Fees to the Mkt to Learn.

Asish

 

[fast_rizwaan]

Hello Members

I am trading for past 3 years, after trading stocks unsuccessfully have found some moderate success with trading nifty futures and options.

When started to trade thought nothing would be easier than trading ...

Found out after a big cost that it is not easy to predict what will happen next, it's a game of chance ...

For me, the lesson so far is, never stand with a loss making position ... cut it before it cuts deep into your margin account.

I have read documents from this site on Trend Following, kindly shared by a friend, also he recommended to join the site for further learning...

Hope to learn from seniors

Thanks for help

hi and welcome niftychance,

you id seems to include nifty+chance, trade in nifty and believes in chance!!!

With stocks, gains and losses are more but with nifty; there are moderate returns. still that would do great if used wisely.

could you share how to decide stoplosses?

 

[niftychance]

niftychance,

A warm Welcome to the Forum,all of us have to give Fees to the Mkt to Learn.

Asish

Hello Sir

Thanks for your message.

Was checking all the forums about Nifty on this gr8 site, yours is the biggest of them all...

Looking forward to learning from you

Thanks

 

[niftychance]

hi and welcome niftychance,

you id seems to include nifty+chance, trade in nifty and believes in chance!!!

With stocks, gains and losses are more but with nifty; there are moderate returns. still that would do great if used wisely.

could you share how to decide stoplosses?

Hello

Thanks for your message.

The outcome of every trade we take is uncertain.
We may know the reason for our entry but can't be sure about what the market will do after that,
thus every entry is a chance we take ...

Anyway, failed to understand the -eek- part of your message.

Deciding the point/area of stop is the easiest part of your trade, only if you know the reason for your entry.

For e.g. if you are using a S/R method your entry signal on a short will also be your stop for longs..

Have a nice day.

 

[fast_rizwaan]

Hello

Thanks for your message.

The outcome of every trade we take is uncertain.
We may know the reason for our entry but can't be sure about what the market will do after that,
thus every entry is a chance we take ...

Anyway, failed to understand the -eek- part of your message.

Deciding the point/area of stop is the easiest part of your trade, only if you know the reason for your entry.

For e.g. if you are using a S/R method your entry signal on a short will also be your stop for longs..

Have a nice day.

thanks and sorry about the eeky smily

 

[niftychance]

Hello rizwan

Just read a post from uasish sir, where he has given 3 steps for trading

1. Decide on the Direction.
2. Decide on the Stop.
3. Decide on the Entry.


Makes us re-think on the concept.

Thanks