Long or Short Opinion

[jassinko]

I am waiting for 5140 to be taken out on our intraday chart of spot nifty....Will go intraday long at that moment....

Till Now 5130 is proving to be a major resistance...once crossed, nifty can zoom to upside...

rajputz sir, is there any btst safe share

i have suffered some losses in nifty puts today taken on yesterday so want to cover some losses.

waiting

 

[praveen taneja]

If u exit now and enter on monday morning time decay would save u more then 10% IF and ONLT IF mky open at same level

 

[jassinko]

If u exit now and enter on monday morning time decay would save u more then 10% IF and ONLT IF mky open at same level

exited now and will wait on monday

but my intuition is saying, since i have exited...market will open at some 5050 lvls or maybe down..........

lets see

 

[praveen taneja]

exited now and will wait on monday

but my intuition is saying, since i have exited...market will open at some 5050 lvls or maybe down..........

lets see

Bro intuition and sixth sense are different things:clap:
Intuition is man made and sixth sense is gods gift:clap:
so instead of trading by intuition try to get sixth sense from godand for that no hard work just do unconditional love to God:clap:

 

[rajputz]

Well, that kind of indecision was wid me also, so i closed all my open positions today. Today was very range bound day. Whole time market struggled to cross either 5140 or 5112. I was waiting for these level to be broken and go long or short accordingly...Market is in no clear direction, so i am not suggesting any thing to my self also. better do intraday. I am testing a strategy. For last two days it has proben good. If goes good for next 28+ days, then will make it out.

Hi Jassinko,
IMO, dont keep this type of personality in share market that you have lost this much in trading, and now want to cover those wid one sure shot call. Trading is a profession that requires a lot of patience. Money lost doesnt come back in a single shot. You have to earn it slowly wid patience. Remeber slow and steady wins the race. Most of the traders, lose more money wid dis attitude of covering losses wid single good trade.

Better keep in mind the drawdown factor before trading. You lose 10% out of 100%, you got to make 11% from 90 again. Simmilarly, you lose 50 from 100, you got to make 50 from 50 i.e. 100% return.

A detailed Table is Given Below showing how much percentage of profit you require to recover a given percentage of drawdown.

LossOfCapital/Percentage of Profit Required
10% ----- 11.11%
20% ----- 25%
30% ----- 42.86%
40% ----- 66.67%
50% ----- 100%
60% ----- 150%
70% ----- 233%
80% ----- 400%
90% ----- 900%
100% ----- Blowout/Broke
__________________

So every time you lose some money, it becomes difficult to recover as drawdown increases. and you got to recover more money from the less money....

make your way with slow and steady process....hope it helps...

 

[simple_trader]

Vijaya Bank proving that might call was right didnt have the patience or risk appetite for a deeper stop loss. You were wrong about 2 days late because the stock has been making higher high. It was tuesday that it failed to hold the high wednesday confirmed it and thursday I went short and since tuesday everyday it is failing to maintain its high with high volumes. There might be a massive down move here soon. Still not late to enter short. If some1 has a bigger risk profile go short with 64 as stop target still at 58 first followed by 55

Its an up-trending stock. I do not trade this stock. But if I spot anything in my trading stocks. I go short 2-3 days continuously in intraday when price comes to the resistance level (avoid if there is any gap down).

 

[nimish_rulz]

My targets achieved on upside Wednesday there was a rally on the dow but it failed to keep the gains which were taken back of thursday. My expectation was a hit. Now today is Friday and I expect a bit of bad news late this evening and will look for a target of 10050 on the dow. I expect the dow to open around -100 and look to fill the gap created yesterday by gaping down. On the upside if 10,200 is taken out my target would be 10,351. I am still sticking my neck out and will like to believe we will hit 10,050 as that is what my system indicates. Volumes yesterday were low.

I expect a target of 10,700 beginning of july to mid july on the dow. As long as 9775 is not taken out.


And like I said before in my post on tuesday that friday will give us the trend decider and what a prediction it came out to be the dow is critically placed on the top of the downward slopping trendline. If we fall today we will continue in the bear market however, if we breach it we will go up.

How about that the whole day the markets were trading water the dow future especially now it looks like my target will be achieved before open.:clap:

 

[crown]

Bro intuition and sixth sense are different things:clap:
Intuition is man made and sixth sense is gods gift:clap:
so instead of trading by intuition try to get sixth sense from godand for that no hard work just do unconditional love to God:clap:

:thumb:
very right bhai jee

 

[kingfisher3210]

Bro intuition and sixth sense are different things
Intuition is man made and sixth sense is gods gift
so instead of trading by intuition try to get sixth sense from godand for that no hard work just do unconditional love to God

Well said :clapping:

On a serious note, trading is an intuition business. In my early trading days, when i was not making money, i had to delve into neuroscience to understand trading and from there i got my answers.

Any trader who uses word intuition is on the right track.

 

[praveen taneja]

Well said :clapping:

On a serious note, trading is an intuition business. In my early trading days, when i was not making money, i had to delve into neuroscience to understand trading and from there i got my answers.

Any trader who uses word intuition is on the right track.

:rofl::rofl::rofl:
Bro you are trying to tell wrong person about Intuition