Nifty Futures Trading Part 2 (Positional)

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Czar

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Some Famous quotes from the Man himself for today, which somehow we can relate in Stock Markets:

Happiness is when what you think, what you say, and what you do are in harmony.

Hate the sin, love the sinner.

Live as if you were to die tomorrow. Learn as if you were to live forever.

Nobody can hurt me without my permission.

My imperfections and failures are as much a blessing from God as my successes and my talents and I lay them both at his feet

Earth provides enough to satisfy every man's need, but not every man's greed

The Roots of Violence: Wealth without work, Pleasure without conscience, Knowledge without character, Commerce without morality, Science without humanity, Worship without sacrifice, Politics without principles

Men often become what they believe themselves to be. If I believe I cannot do something, it makes me incapable of doing it. But when I believe I can, then I acquire the ability to do it even if I didn't have it in the beginning

The difference between what we do and what we are capable of doing would suffice to solve most of the world's problems

Almost everything you do will seem insignificant, but it is important that you do it

If I have the belief that I can do it, I shall surely acquire the capacity to do it even if I may not have it at the beginning.

An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it.

Faith... Must be enforced by reason...When faith becomes blind it dies.

You may never know what results come of your action, but if you do nothing there will be no result

Patience means self-suffering

Adaptability is not imitation. It means power of resistance and assimilation.
 
Renu jee, Alex, Sunil, Sat Da, Czar,...

What is the technical position of the market (Nifty) for purposes of positional trades? Is it (strongly) trending, reversing trend, neutral...?

The extreme two-way volatility has been a boon w.r.t. intra-day trading, but making it difficult to hold positional trades. How would you approach it? Just think out loud - I trade on my own, but appreciate everyone's views, which I critically evaluate.

The risk, not sure how relevant just yet, is that we may break out of the range (which to be sure had been consistently coming down forming lower highs and lower lows) and start to trend (higher/lower), and it would be terrible if one were wrongly "positioned" at that time. Currently I am able to operate without stop-loss levels (by managing quantity) and trades, both long and short, turn out profitable. But I am not sure that will last very long.

All your analysis/views are appreciated.

Thanks

Ashish
 
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