Nifty Futures Trading

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Thks for your concern fro my Health,it is as usual,went for a 4th Opinion.

4th Opinion!
May GOD bless you and make you fit and fine soon!

Regards

 

[vvvv]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi gkpc,
hmm what you are saying is something that is going on in my mind since when. actually I was hitting SL left right and center. Plus there was some trades taken where I was unsure whether I was short or long now. and had to leave so just put up a long @4700 and in hurry forgot to put SL thinking they are getting hit stupidly anyways since morning. just imagine all SL got hit and I was saved/lost/earned in them. But one that I did not put, put me into deep losses.
Lesson to Self: Put SL and relax. small loss is greater than Big Loss (or mirage Large Profit)

ur 1st & biggest mistake :
u tried to anticipate tht market wud go up & the market went down.
this thing of urs has actually let u down...so the biggest thing to learn from it , for u & even for me is not to anticipate such things ever again...
no indicator can tell u the future..but 2dy if u had followed even a simple moving average u wud have had a killing day..i didnt trade 2dy..but i can see
3 distinctive trends on the nifty.( 1 down,1 up, 1 down).the last 1 was a beauty. i think gautam had a gud day ..buddy pls post ur profits for 2 dy..wud love to know..." its easier said than done"..thnks for sharin ur mistakes which help us to learn...better luck for 2mrw..so cheer up

 

[lvgandhi]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi, One thing I hv learnt is that never look forward to get "prediction" from the indicator , No indicator can ever tell you the future, why only today .
You did not use SL so u hv to cry out lutt gaya......etc. Friend, how can u take a tarde so lightly, and that too intraday that u leave it unattended!!!
SL are there to protect u from such scenario!!!
No two days are same, may be similarity ends with up day or down day but the movement of price on any given 2 days wud be entirely differnt, as different as two finger prints!!!
One shud not get complacent after a few winning days and equally important dont get morose after a few loosing trades or days!!! If your system is having a +ve rsik reward ratio checked historically u can be rest assured all that the system requiires from you is diligence, consistancy!!! I may be talking big, yes I realise that , but am happy to confess I hv overcome what u are going through!!! So friend, this situation is not to sit back and weep but to get up and get going!!! Tomorrow will be a new day!!!
Just a few minutes back rkkarnani sent me this quote, which is most appropriate for you :

"Our greatest glory is not in never failing but in rising up every time we fail."

-Ralph Waldo Emerson

Well Said with good quote. Thanks to RKK also for the quote.

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks all for ur concern and comments. Will surely follow it religiously now. Just a thought, is there intraday data just like EOD data for BSE & NSE that we can get on traderji? that I think will be excellent for study purpose. if no can someone volunteer for put up such data?

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

4448-4470 seems to be a strong support zone for nifty but a support that keeps knocked time and again will have a high probablity of being broken . I have been bullish on nifty for the last several years but just yesterday there seems to be a tl breach on the weekly aswell ( i have enc the chart in my previous post).A dramatic turnaround has to happen in the remaining two days for the sell signal to be false on the weekly charts.Also had a look at bank nifty (enc chart)which is resting at a major support ,if this support is also cracked then we might see levels like 5436 and eventually to 4892 . ..For now iam neither selling nor buying stocks for swing trading just staying neutral for the next couple of days .Will only trade nifty and bank nifty this week based on the hourly charts..

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Is Bank Nifty liquid ?

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

guys a quick question. I am using PIB. In PIB yest. I was long 1 lot @4700 then I added another order to Sell "2" lots(100) @4580. So shouldn't my Net position now be 1 lot(first 50 gets sold and next 50 be the final position)? PIB is showing 100 short. Is it that u have to Put Cover/Sell order matching previous position and put another order for the next positon you want to take. What is the status of 4700 Long then?

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

Is Bank Nifty liquid ?

yes,but not to the extent nifty is

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

double top on nifty 1 min

 

[Ank!t007]

Re: Time to Stick my Neck Out ,Nifty 7300

Nope, The second bar close lower than first