Nifty Futures Positional Trading

[jamit_05]

Will take a little profit at the next support of hourly ema... will watch 5 min momentum for that...

 

[jamit_05]

All out of shorts with a minor loss. Trade not convincing. Will short again below LOD.

Seeking Long, if filled then this will mark breakdown failure... target 6200

 

[jamit_05]

Long 6143.55; Hope to see a strong HOD break and sustaining price.

 

[jamit_05]

Now comes the 2 p.m-factor... lets see which way it swings... I have bet my lots on Longs.

 

[jamit_05]

Kinda bullish right! Not much room left for sideways anymore. But, this is a 15 min chart, so will have to wait for the 15 Min forces to kick-in...

 

[nac]

^ Yes, it looks bullish.

 

[jamit_05]

Out of Longs... sideways... and more sideways... took a little loss. Apparently, I do not have much problem with small losses

 

[jamit_05]

Quite impressive buddy. Just going thru your thread. Btw anywhere you have specified your trading strategy, how you enter, exit what specific analysis you do, how many lots you lay with..

I do not have a set of rules to trade. My only rules are regarding Stop Loss and Position Size... whereas everything else is "feel" based.

I tried rule based trading. It is not satisfying. It instils fears of sorts.

 

[toocool]

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the person (stock 72)is one of the best trader, his opinion counts -also he is a system trader. Big size trade is strength ,also good at stop. But his direction bias is highly accurate. So many a believes -his decision is more accurate on indian market than super computer

let today and tomorrow be an example , you guys must understand that markets are huuuuuuge ...........way huuuuge than an individual , we are nothing we are even smaller than an ant before the greatness of the markets .

i hope stock 72 has cut his shorts if at all in the markets ,sgx is beyond 6200 right now as i see it.respect the markets and follow the technicals as you should and you shall rise where you want to be

we must be a follower of the markets ,the moment we try to become the masters of it ..............it will crush us down in billionth of a second if it wants to .

i cannot find a quote of a Chinese emporer from 15th century , i want his words exactly to reveal something so true , so true that it must make tears in your eyes , however if i did not find it i will post its meaning in my own version ,but i want you to have it as it was originally said by the emperor ,provided i could find it

 

[Cubt]

It doesn't matter for him, even if market moves 200 points up further he can still hold short position as he has enough margin money to cover.

Its a matter of how much he gains when he is right and how much he lose when he is wrong. I believe stock72 is very good in money management, he don't put all his money in single trade, at the max he puts only 20% of his capital in single trade.

So toocool, just be cool