Nifty Futures Trading

[learn2trade08]

happened to me a few weeks ago donated almost 1 peti to the markets ...was trading 3800 ca's bought at 89,and was trading at 103 during closing time(was waiting for a bo from h&s)realised it was 3.29 and placed a sell order but in vain markets closed at the second i tried placing the order..next morning opened at 49...had not much option but to sell it

Sunil didnt you like you that scalping thing ? or watever it is called btw 3250 and 3230 ??

Today i intraday trade after few days and earned like 50-60 points btw these levels only ... !! stop got triggered twice but as i had kept it as reverse also it didnt harm much ...


But did the biggest/stupidest mistake in the end ....

market closed and ended up with intraday Buy position.... !!
It had a stop of 3245, which it had triggered

I just forgot it was 3:30 !! i was looking for a break away :S

Now a gap down tomorrow may take away all my profit made today ...


Has this ever happnd to any1 else here ?

 

[orderflow13]

Sunil didnt you like you that scalping thing ? or watever it is called btw 3250 and 3230 ??

Today i intraday trade after few days and earned like 50-60 points btw these levels only ... !! stop got triggered twice but as i had kept it as reverse also it didnt harm much ...


But did the biggest/stupidest mistake in the end ....

market closed and ended up with intraday Buy position.... !!
It had a stop of 3245, which it had triggered

I just forgot it was 3:30 !! i was looking for a break away :S

Now a gap down tomorrow may take away all my profit made today ...


Has this ever happnd to any1 else here ?

once happend with me ... worse part is it was Friday and there was some political imp meet on Saturday .. and lot size were large as i placed order thinking its far away and wd adjust the lot size .. 2 days were night mares and even worse on monday market gap down, i was about to wrap all ta charts n level and press sell button to cut losses then remember it doesnt break last hours low.. and some how manage to break even.. its different story that after my exit market ran only to gave traces of how much money i wd hv made instead i stayed long ...

 

[columbus]

My god today is worst day for me did 16 trades on nifty and 8 on options.. finally ended up by deciding no trading for this expiry and wrote 2900 puts and 3600 calls and logged off..

hi nag,

Personally I feel one to five complete(buy+sell) trades (2 to 10 trades in all) is quite sufficient to cover a day's activity in general. One trade takes around Rs.200 approx from your profit.More number of trades means more loss.Some times I like ASISH way of logging out terminal for some time.

 

[nagendra_gb]

hi nag,

Personally I feel one to five complete(buy+sell) trades (2 to 10 trades in all) is quite sufficient to cover a day's activity in general. One trade takes around Rs.200 approx from your profit.More number of trades means more loss.Some times I like ASISH way of logging out terminal for some time.

Yeah columbus .. i agree usually i will not do so many trades as am not a complete trader by profession. But today some how got carried away.. thanks for you warm words.. will really keep an eye on this from tomoorow..

 

[arnav_rulz]

frankly arnav, i m sort of a trader who wants to choose his own exit level (after initiating position)....
i m not saying i don't like to get stopped out - no one likes it - but getting stopped out & nifty ultimately going towards your target; u know how this feels...
such instances were more today for me personally - thank God, it's not loss at EOD, but it could have been better - these big moves warrant less tighter SLs & accordingly, less quantity to trade with...

Hmm i get the point about getting stopped out and nifty finally going towards the aimed target ..

But in this what i have started doing many a times now is that i do this small jobbing in btw my target with 25% or 50% of my buy quantity in simple terms partial profit booking and then covering it again if it retrieves...

But yeah i have to say what this actually does is that, if nifty actually achieves my target, then i have to fully book my longs/shorts and cant continue with further trailing loss ....

So again when i think such circumstances may come, then i trade with normal quantity (where i have a target) and in btw make another trade for these kind of rangebound movements (but i keep very strict stops in these trades)

 

[Sunil]

TIMINGS FOR DIWALI MUHURAT TRADING ON 28-10-2008

Market will open at 18:15
Market will close at 19:15

AS PER NSE CIRCULAR

 

[uasish]

Asish da,
are u carrying forward your NF Call & fut of yesterday...???

Calls= http://www.traderji.com/derivatives...trading-part-2-positional-396.html#post239127

Fut= http://www.traderji.com/derivatives...trading-part-2-positional-398.html#post239453

 

[Sunil]

seems like an ascending triangle to me in 5 min chart

http://www.traderji.com/technical-a...ifty-futures-trading-thread-8.html#post222452

only requirement is that it should not take out its prev HL @ 3203 (which is near the pivot level for today @ 3210 & psychological round figure support)

Last chance as per chart 3155, which is also S1 for today

 

[uasish]

Nifty Fut 60 mins.

 

[Sunil]

more TBQs till now!!!