Nifty Futures Trading

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Ajax

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Re: Time to Stick my Neck Out ,Nifty 7300

I agree with u Ashish, thats the problem with me also. When we keep stoploss of say ten points trade will stop out fast because of volatality. Again when it going up or down we will again enter into trade.This is really becoming problem for me too. Any one here pls suggest me some thing. Is it better to keep some steep stop losses ?
How steep is too steep.. SL learning is an art.
Do keep ur SL as usual....
Once in a while ur trade will take u out & then reverse.
But many a times u will thank ur SL for saving u from ruin.

Another point is. keep ur SL. Even if volatility take u * trade reverses
re- enter..
I know hittin SL is emotional drawdown
 

new2sm

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

hi ajax,
you use PIB to do trade and get realtime tick by tick from Truedataindia and feed that into amibroker right? Funny Firefox is flagging www.truedataindia.com as a Suspected Forgery site. Rightly so since it is currently redirecting to some wierd site :)
 
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qa_y2k

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Re: Time to Stick my Neck Out ,Nifty 7300

dear uashish and aca_trader,
sincerely appreciate your replies.yes i totally agree with you wrt overtrading,but i only increase the volumes when i am sure of a trade.If i am not 100% sure i do not trade with high volumes.Initially,i had lost a lot of money trying to trade anything and everything.Lately,i hardly do one or 2 trades a day with a turnover of around 10-15lacs a day.Only when i am sure do i overindulge.
Peace and prosperity to all.

Hi!

There is no such limit rather your broker would be pleased.
However, one must avoid overtrading as it tends to cause wrong decision making but then overtrading is a subjective & psychological issue.

Regards,
--Ashish
 
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robin_malihan

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Re: Time to Stick my Neck Out ,Nifty 7300

Thanks everyone for sending your charts , its really been a good learning.

it seems that u people are teaching me how do fishing.

Robin Malihan.
 

Ajax

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

hi ajax,
you use PIB to do trade and get realtime tick by tick from Truedataindia and feed that into amibroker right? Funny Firefox is flagging www.truedataindia.com as a Suspected Forgery site. Rightly so since it is currently redirecting to some wierd site :)
Hi
I am using PIB2Ami which is independant of ya hoo. Even if closes down
data converter should work. Hopefully.
Anyway, I am on look out for other PIB2Ami converters

Thanx
 
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qa_y2k

Guest
Re: Time to Stick my Neck Out ,Nifty 7300

dear ajax,
did u check investbulls,they were supposed to come up with a odin2ami and pib2ami....
cheers

Hi
I am using PIB2Ami which is independant of ya hoo. Even if closes down
data converter should work. Hopefully.
Anyway, I am on look out for other PIB2Ami converters

Thanx
 

renu daga

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

invest bulls....owner satya,,i no him very well,,,rgt now no plans for odin ...software,,ratgher he is updating hispib to meta...now,,and he already has pib to ami..

renu
 
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