Nifty Futures Trading

[lalpar]

lalith, we both were actually thinking of each other while composing our respective posts...!!!

dil mile huye hain...
aur mere dil se tere liye yehi dua nikalti hain ke tera loss agle mahine ke andhar hi cover ho jayega + with profit too.

ALL THE BEST...
as you say, keep walking + i would add, keep studying charts ( i hope u follow & do trading only in nifty, though)

Yaar Sunil..I am not worried of the loss..I can recover it ..Its just that I got trapped!!!I did not follow my own rules!!!!I diid not trade what I see....
I have gone thorugh Saint Sir's docs and undertood quite a lot of it...but stilll I did not follow thats what is letting me down!!!

But with yoour support...I will move fwd friend!!

 

[Sunil]

i would still advise u (like last time) of following Vinodji's mechanical trading.
A modification in it I would suggest for you is to enter a position using this ratio:
One lot of ATM options
+
Two lots of mini futures
(keep this ratio, and scale up acc to your risk taking liquidity)

Now, one thing that mech. trading lacks is profit-booking levels. Now, in this thread's cousin (positional), most of the members mention the upcoming strong support/resistance level which can threaten the current trend as suggested by mechanical trading)...

Initially, book out your profits in mini futures together (or one-by-one, as u gain experience) at/near such strong RSR levels. Then, keep the options position open & SAR it as suggested by mech. trading. Add on those closed 2 minis when such RSR level is broken convincingly, so that u continue with the trend.
Atlleast, if such RSR actually proved to the fullstop for ongoing trend, you would have already booked out partly even before the mechanical trading reverses.

Believe me, I have been doing like this, and I have been successful in this. Atleast, booking out partly gives u an initial peace of mind... rest, follow the mechanics of the system.

Thus, besides intraday trading & personal positional trading, I also indulge in this modified mechanical trading (original by Vinodji)

 

[kapil123]

YES SUNIL,....AS I said I was so much engrossed in the opinion of somebody whom I admire ,respect and love the most..I dont say its his mistake its my mistake of buying CALLS and CALLS without hedging..

This was the 1st time that happned to me..LAst time it was all paper trade..Real Trading is far difficlult than that..AS said I will Keep Walking...

going fwd I will post every single trade of mine with SL...

AS I said I am cursing myselg so much that I cannot explain...After going through saint sir docs still i did not follow discipline..I wont quit but I WILL make sure I beocome more disciplioned

Yes, real trading is very difficult as compared to paper trading. And the reason is psychology. It is easier on paper to book small losses and run profits but becomes difficult when it comes to actual trading.

As you wrote in your post, that you have started trading just now, my advice will be start small and do not take very heavy positions. Markets will always behave the way they want to behave. We have to take care that we are on the right side of it. We can not be right always, but the only thing we can do is remove the psychological aspect and trade to the T.

My best wishes for your next trades

 

[lalpar]

i would still advise u (like last time) of following Vinodji's mechanical trading.
A modification in it I would suggest for you is to enter a position using this ratio:
One lot of options
+
Two lots of mini futures
(keep this ratio, and scale up acc to your risk taking liquidity)

Now, one thing that mech. trading lacks is profit-booking levels. Now, in this thread's cousin (positional), most of the members mention the upcoming strong support/resistance level which can threaten the current trend as suggested by mechanical trading)...

Initially, book out your profits in mini futures together (or one-by-one, as u gain experience) at/near such strong RSR levels. Then, keep the options position open & SAR it as suggested by mech. trading.

Believe me, I have been doing like this, and I have been successful in this. Atleast, booking out partly gives u an initial peace of mind... rest, follow the mechanics of the system.

Thus, besides intraday trading & personal positional trading, I also indulge in this modified mechanical trading (original by Vinodji)

Thank U very much friend,

Will start doing it from next month...

 

[Czar]

Hey Lalpar, its part of the game, but usually many get destroyed by the time the start getting disciplined, that they no longer have strength to trade anymore, even though they have learnt the lesson... move on try harder but look at your debits, they tell you the story, 2 times is final support, today morning there was ample opportunity to exit, even if you followed any thread all said nearly the same stop... never hope when market is going against you.... even i missed selling in the morning y'day's position, due to other work, but getting out is important otherwise you get dragged till your last drop. All the best Friend

 

[lalpar]

Hey Lalpar, its part of the game, but usually many get destroyed by the time the start getting disciplined, that they no longer have strength to trade anymore, even though they have learnt the lesson... move on try harder but look at your debits, they tell you the story, 2 times is final support, today morning there was ample opportunity to exit, even if you followed any thread all said nearly the same stop... never hope when market is going against you.... even i missed selling in the morning y'day's position, due to other work, but getting out is important otherwise you get dragged till your last drop. All the best Friend

Thanks czar...
I got caught in the trap this time!!!but yes I will keep walking!!

Going Fwd I will post each of my trade here with STOP LOSS and will adhere to it at whatver cost this is my word!!!

 

[Czar]

one last word, verify your stop with guys like sunil or someone initially even if it means bothering them, cause a bad stop is a waste of money....

 

[lalpar]

one last word, verify your stop with guys like sunil or someone initially even if it means bothering them, cause a bad stop is a waste of money....

Yup Czar Agreed...

 

[cheeku]

YES SUNIL,....AS I said I was so much engrossed in the opinion of somebody whom I admire ,respect and love the most..I dont say its his mistake its my mistake of buying CALLS and CALLS without hedging..

AS I said I am cursing myselg so much that I cannot explain...After going through saint sir docs still i did not follow discipline..I wont quit but I WILL make sure I beocome more disciplioned

FRUSTATION is not having anyone to blame but yourself.



A person who never put a foot wrong never put a foot anywhere.


Cheers!
I am new to trading, faced and facing losses but I haven't failed. I have found 10'000 ways that won't work

 

[Czar]

FRUSTATION is not having anyone to blame but yourself.



A person who never put a foot wrong never put a foot anywhere.


Cheers!
I am new to trading, faced and facing losses but I haven't failed. I have found 10'000 ways that won't work

the thing to note is there are 100,099 more, so enguard