Nifty Futures Positional Trading

[manojborle]

You kept a 30 point SL. So clearly that is in a higher time frame and hence has more advantage over a 10 point SL.

I am expecting 6072 and then 6052

 

[jamit_05]

I am expecting 6072 and then 6052

Good going man.

Trading just got real... SL hit...am one unit down for the day...

 

[manojborle]

Good going man.

Trading just got real... SL hit...am one unit down for the day...

I am doing paper trading as I suffered heavy losses, so this is also a paper trade

 

[jamit_05]

I am doing paper trading as I suffered heavy losses, so this is also a paper trade

When do you plan to exit?


PS: The month of May has been a major eye opener for me also. It made me get into intraday... I was happy doing positional till I missed the biggest move of 2013 !! I now realize, the process of learning is literally never-ending.

 

[manojborle]

When do you plan to exit?


PS: The month of May has been a major eye opener for me also. It made me get into intraday... I was happy doing positional till I missed the biggest move of 2013 !! I now realize, the process of learning is literally never-ending.

I expect it to come down at least to 5982

 

[jamit_05]

I expect it to come down at least to 5982

So you won't exit before that? Or do you plan to exit partially at all those levels?

 

[manojborle]

6072 broken, expecting 6052 now

 

[manojborle]

This is what I have to learn, I have never done partial profit and adding when position is in profit

 

[manojborle]

My last expectation is 5852 where the gap will be filled

 

[gmt900]

Hi Jamit,
I just went thr' your recent posts. You had introduced me to SH's 315 system and I had backtested it for nifty for 5 years and found that it is a good system where you are unlikely to miss big moves.
I have still not started trading nifty using this system but am keeping track of nifty using this system. Why don't you follow 315 strategy for trading NF? It has several advantages and hardly any disadvantages. You guys are more experienced , so probably you have some reason for following a different method. I just thought that I will share this with you.
Btw right now I am trading only nifty options ( short strangle ) using whatever I have learned from DanPickUp's thread.
Good trading,
gmt 900