Nifty Futures Trading

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

SL now 4997.80

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

Sl hit at 4897.80

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

have gone short at 4897.80

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

shall cover 2 lots at 4885.80

 

[skarpio]

Re: Time to Stick my Neck Out ,Nifty 7300

Hello, I am trying to follow the Kolkata meet indicator so benevolently given to the members ere by senior member and moderator Ashish da (uashish). I was greatly assisted in the initial stage and also follow ups and in fine tuning the system by rkkarnani and also is setting the trading rules.
He somehow convinced me to back test the system for an year and if found good then to trade it for 3/6 months before rethinking about it.
As found in various posts here on this forum and elsewhere onthe net , consistency is the key!!!
R K Karnani told me that during Kolkata meet one thing vital he gained was the importance of " taking out the "I" from your trades!!!! If i am not wrong it was told by the most revered member here "SAINT".
Regards
Gautam

Thanks! To be honest, I am trying to learn as well, from your trades

 

[lalpar]

Re: Time to Stick my Neck Out ,Nifty 7300

hi GNPC u carry on with your trading rules....trading is not my professions...I just do it as like it...I go with weekly trends and sometime trade intraday!!!..

as you even I am learning...i started trading only six months back and one thing I lack is SL...I sometimes trade mechanically just to understand the market flow...I have learned a lot from SAINT Sir,Uashis sir and Sudoko sir...once i feel 100% confident of my trading startegy I will be a complete Trader!!!

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

hi GNPC u carry on with your trading rules....trading is not my professions...I just do it as like it...I go with weekly trends and sometime trade intraday!!!..

as you even I am learning...i started trading only six months back and one thing I lack is SL...I sometimes trade mechanically just to understand the market flow...I have learned a lot from SAINT Sir,Uashis sir and Sudoko sir...once i feel 100% confident of my trading startegy I will be a complete Trader!!!

Friend,
Please do not take this as a critisism..... You go long at 5015 with a tgt of 5080 i.e. 65 nifty points and as per you post above your SL was 4995 i.e. just 20 points, a really good favourable risk reward ration. But friend now u say you have a cushion of 200 points!! Can you please clarify!?
Also you say that very soon NF shall be ~5000 giving you an opportunity to exit. Does it mean now after see such huge loss in your trade you will exit at cost or minor profit!!!
My opinion for what it is worth : SL is to trade is as essential as clothes to a trader. A trader will not come to mkt to trade without clothes and equally should not also trade w/o a SL!!! (This quote courtsey rkkarnani)
Please understand the value of SL and consitancy, its very important.
My best regards and all the best for learning process and success!!!
I may be wrong abt things as positional trades are not my cup of tea!!! I trade intraday only.

 

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

R K Karnani told me that during Kolkata meet one thing vital he gained was the importance of " taking out the "I" from your trades!!!! If i am not wrong it was told by the most revered member here "SAINT".
Regards
Gautam

GAUTAM ...this is ur biggggest achievement ...believe me this is not easy to do ..congrats

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

exited 2 lots at 12 points, 4885.80 SL now cost

 

[gkpc]

Re: Time to Stick my Neck Out ,Nifty 7300

GAUTAM ...this is ur biggggest achievement ...believe me this is not easy to do ..congrats

No Sir!!! Not yet achieved, but trying really really hard.....still a long way to go. I am happy to say that with people like you around who appreciate even a small thing, and appreciation is a real booster of self-confidence and hopefully and also pray tthat the day is not far when i am sure of achieving it. I shall always remain in debt to this august Forum and its senior and junior members alike.