How to invest 40 lakhs in equity, FnO, commodities etc. Part 2

[abhi.]

Nifty SPOT at a major support of 5600, Expect a big bounce back. I m out of shorts both in market and at home(its winter time :rofl: )

Now as expected after strong support big bounce back occured but guess what .......... this is the 2nd time in 2 days a double top has occured once again, so once again bull crush in morning session :rofl::rofl::rofl:

 

[a1b1trader]

Double Top.
Which time frame man.
Post a chart or post the time of formation and time frame.
Cheers

Hi Abhi
Please either post the details for the 2 double tops or post the charts.
Cheers

 

[sr114]

Now as expected after strong support big bounce back occured but guess what .......... this is the 2nd time in 2 days a double top has occured once again, so once again bull crush in morning session :rofl::rofl::rofl:

r u talking of these tops? i cud not find the double top -(though i may miss the definition of double top)

time frame - 7 min

range bars

sr

 

[SexyTrader]

From what I sense, Nov expiry will be around 5600 or 5580 :thumb:

So the 5600 Put will make money for sure! Hence my DOUBLING trade no.1 as per my NEW STRATEGY is going well as yet!

Bought 5600 Put at 20/- and profit-book at 40/- with CAPITAL-AT-RISK of 1 Lakh is going to DOUBLE the coming week

 

[SexyTrader]

Coming Monday....Markets will open High....Good opportunity to Short-sell Nifty Futures to 5550 :thumb:

The notional loss in any trade is profit-booked ALWAYS as a PROFIT Thats the fun of TRADING.

TRADING means to get PROFITS, cover the notional losses with real profits before expiry and DERIVATIVES as a whole(oops not that hole ok!!! ) works MAGIC :thumb:

 

[abhi.]

IT wud be strange if Nifty opens with a GAP up :rofl:

 

[SexyTrader]

The game for speculators on Monday is pretty simple Get the market all excited and maybe cross 5650-5660 and then suddenly start SHORT-Selling all the way to 5550

I'm just going to profit-book the 5600 Put as soon as it reaches my DOUBLING target of 40/- Better to keep things simple!

Coz spot-Nifty can reach 5550 or much lower in this week for sure.....

 

[abhi.]

I dont know but the feel of GAPup is not there
My take is spot opening around 20-25 points down and from there either a rush among bulls or the crush of bears happening there on. My take is a big day on either side after a Gapdown.
Just pray that GapDown of 20-25 pts dont occur else :rofl:

SHANGAI index just might drive on this GAPDOWN thing. So just watch out for shangai, if it is up problem just mite not occur else :rofl:

 

[prabhsingh]

The game for speculators on Monday is pretty simple Get the market all excited and maybe cross 5650-5660 and then suddenly start SHORT-Selling all the way to 5550

I'm just going to profit-book the 5600 Put as soon as it reaches my DOUBLING target of 40/- Better to keep things simple!

Coz spot-Nifty can reach 5550 or much lower in this week for sure.....

ST Bhai,

Why to take such a big risk.If there is Gap-UP on the up side then why not to short the market for Dec series.I think that would be bit let risky as well.What are your thoughts for same?

 

[abhi.]

No RISK NO GAIN. It just depends on an individual the amount he wanna take. For ultra conservative individuals there are equities like Hindustan Unilver and ITC , while for people on other end of equity spectrum there are equities of real estate sector like HDIL, Unitech etc. Then Comes more risk oriented Future traders again having same spectrum from ITC-HDIL types.
And Finally comes the EXTREME Risk taking category(and hence forming the major category which either go broke or end up with millions in no time which u can see from SexyTraders Virtual doubler ) that of option traders.
So while it may take an equity player to reach from 1Lakh to 1crore his whole life, an option trader mite reach that target 100 times but also has a high prob to get broke same or even greater amount of time
So it all is a personal preference ....