Nifty Futures Positional Trading

jamit_05

Well-Known Member
Bhai 6022 or 6122 ??
Bade Bhai... this is positional trade on Daily Chart. Entry will be far, at daily pivots, and the Stop will also be wide... cannot help it... :)

So, yes 6022 is correct. And if materializes, this trade will give atleast 300 points... Which may happen only in November...
 

jamit_05

Well-Known Member
Purchased a Bear Put Spread. 6200-6100 for a debit of Rs.35; Under the Outlook that, if this strong up move fizzles out, which often happens near major resistances, then I will get 65 points at Expiry. If it continues then I will get out at Rs.10 loss. So it is an RR of 6x.

The motivation was the fact that my positional entry is 200 points lower! Cannot SOH, now can I :)
 
Bade Bhai... this is positional trade on Daily Chart. Entry will be far, at daily pivots, and the Stop will also be wide... cannot help it... :)

So, yes 6022 is correct. And if materializes, this trade will give atleast 300 points... Which may happen only in November...
Which software you are using for positional trade?
Pl. elaborate how you continue on stop loss?And how many days the trade continue?


regards,


Srri
 

jamit_05

Well-Known Member
Which software you are using for positional trade?
Pl. elaborate how you continue on stop loss?And how many days the trade continue?


regards,


Srri
I have tried to keep it very simple. I update the Stop Loss everyday. Nothing fancy. Just have to calculate the premium.

The trade may continue for as many days... but I usually take profit out after sometime.

Software: Amibroker.
 

TraderRavi

low risk profile
Some Big Individual Traders have a belief that Always Be "Bullish"

It seemed strange to me at first. But, it kinda makes sense cuz the price tends to spend more time being Bullish than Bearish, this happens for two reasons that I can understand:

1) In Bearish trends, the good part of the move is quick. Much Quicker than Bullish trends. In other words price spends a lot more "TIME" being bullish.

2) Market has thus far, in almost 25 years, always made newer highs. And never newer lows. So prices has, as yet, travelled more distance upwards.

The dynamics of Bearish and Bullish trends are very different; their ways of making tops and bottoms. Having a one track mind, helps the dedicated trader to completely get absorbed and become one with the dynamics of Bulls. His eye gets used to "seeing" the entries and exits. This is a significant edge for a professional. Its specialization, just like in any other field.

In fact, the ones who take bearish trades are kinda looked upon differently and are called names ("mandodia", "satodia"). Taking bearish is amateurish in their eyes. Some older blokes say that they have NEVER seen a single trader who takes on bearish trades survive one complete cycle. Plus, Bears are their arch enemies. Its like India and Pakistan for them !!

It makes sense for even a new trader since it gives him twice as much time to survive and hence learn. :)

Interesting culture eh!
good post !!!
 

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