Nifty Futures Positional Trading

[rh6996]

Could not keep patience, already, heart beat racing.....have exited the balance 2 lots at 5838.80 !

Too good a day, and ended so fast... off for the day! Thanks rkk for guiding me on trailing SL as that helps to maintain the position even during some fast adverse moves.

xlent work Gautam ! Whats the position of your dear friend?
So whats your profit today!

 

[gkpc]

I think you should tight trailstop. Today is not the day to expect bumper profits as it is a day before expiry and there are all kinds of support above 5800. The RR seems poor.

Watch the price patterns with care. All I am saying is be suspicious.

Thanks jamit, shall keep this in mind too. Was helped with some pointers from rkk! Thanks.

 

[jamit_05]

Thanks jamit, shall keep this in mind too. Was helped with some pointers from rkk! Thanks.

You are in goods hands then.

 

[gkpc]

xlent work Gautam ! Whats the position of your dear friend?
So whats your profit today!

Well, rh, my friend is holding Shorts from overnight. For intraday he took small qty. much before I entered. He shorted at 5908 ! But said to be safe Sell below 5898 only.
He has exited half at 5878 and some more at 5854 and holding some qty. with a trailing SL !

I made good money : 2 X 20 + 2X40 + 2X60 = 240 points approx 12000/- less expenses !

 

[jamit_05]

My Short position is Exactly 200 Points ITM.

I have learned that it all Mark-to-Market till you actually exit the trade. D)

 

[rkkarnani]

Well, rh, my friend is holding Shorts from overnight. For intraday he took small qty. much before I entered. He shorted at 5908 ! But said to be safe Sell below 5898 only.
He has exited half at 5878 and some more at 5854 and holding some qty. with a trailing SL !

I made good money : 2 X 20 + 2X40 + 2X60 = 240 points approx 12000/- less expenses !

One sincere advise :

Dont get carried away my friend !

 

[jamit_05]

One sincere advise :

Dont get carried away my friend !

@gkpc

And definitely don't increase position size just yet.

 

[jamit_05]

If this is indeed a breakout failure then the move must have momentum, hence the fresh bulls who entered today would be punished tomorrow. If this does not happen and 5800 does not break tomorrow, then I will want to take some profit. Moreover, Price failing to break Ema-15 for two days means bulls are still in the game.

So far, panning out favourably. But, let the day close. You never know when the mood changes.

 

[jamit_05]

Fresh LOD ! This is bearish.

 

[rkkarnani]

Long above 5855.20 ! Intraday only