Looking at your post made me laugh, Rahul. Good placement of smileys!
But, yaar, one thing I must say. If you look through intraday lens, Sudoku's targets would come across as a kind of big joke. But looking through Big players kind of trading style - say, 2-300 points SL, high TFs, with lot-pyramiding and minimum 2R+ profits - he is very very precise in his targets.
And let me tell you something else, bro. The way markets nowadays drift in sideways mode for weeks, giving HFT plenty of chances to screw scalpers/intraday traders from all sides, his way of trading may possibly become the only logical way to beat the algos in the future...
I know you would say, the best thing is to write options on both sides. But many traders don't want have that kind of ledgers and/or strategic thinking ability. And many might not be very comfortable psychologically in writing options - that is, scared of Black Swan happening to them.
(P.S. What happened to your option writing thread?)
Confluence with mly , wkly, Ichi CS target and falling wedge's base(>65% distance,not drawn here) at 5060 lvl.
Let us see what market will say.
Thanks.
Looking at your post made me laugh, Rahul. Good placement of smileys!
But, yaar, one thing I must say. If you look through intraday lens, Sudoku's targets would come across as a kind of big joke. But looking through Big players kind of trading style - say, 2-300 points SL, high TFs, with lot-pyramiding and minimum 2R+ profits - he is very very precise in his targets.
And let me tell you something else, bro. The way markets nowadays drift in sideways mode for weeks, giving HFT plenty of chances to screw scalpers/intraday traders from all sides, his way of trading may possibly become the only logical way to beat the algos in the future...
I know you would say, the best thing is to write options on both sides. But many traders don't want have that kind of ledgers and/or strategic thinking ability. And many might not be very comfortable psychologically in writing options - that is, scared of Black Swan happening to them.
(P.S. What happened to your option writing thread?)
Buddy It was only bcoz of ur post that i m replying else now i had decided i will only thru way of smileys :clapping:
1st disclousre : I m not a day trader(and u must have seen that i have never changed my position during intraday) and i think it explains all that intelligent people like u want to know...
I wont speak more bcoz . So :clapping:
Buddy It was only bcoz of ur post that i m replying else now i had decided i will only thru way of smileys :clapping:
1st disclousre : I m not a day trader(and u must have seen that i have never changed my position during intraday) and i think it explains all that intelligent people like u want to know...
I wont speak more bcoz . So :clapping:
You don't have to tell me, Rahul bhai, that you are not a day trader. An option writer can't be anyway...That is why I again and again ask you to start that option writing thread. I want a little balance on TJ, yaar. Saala every other thread is either making somebody a crorepati in no time, or giving Nifty range so narrow that even an ant can't pass through! :lol:
Not always... don't forget times like January when stoploss never came, and those looking for contra/reverse trades got screwed both ways.. and those that waited for the trend to form didn't get a chance to catch on.
This is the money market, bro, risks have to be taken.