Nifty Futures Trading

[nonstopkaran]

3927 proves to be a very good resisitance......

 

[nonstopkaran]

short @ 3930

expecting to break 3927 levels sharply...

SL 3940

 

[Sunil]

is this easier said than done...???:

1. Trade with 2 lots of Nifty Fut
2. There are 5 hours in a trading session. Scalp net 10 points in each hour. (ie 10 pts * 100 Fut = Rs 1000)
3. Thus at EOD, after 5 hours, you should have Rs 5000
4. There are 5 trading days in a week. So, at end of week, you should have Rs 25000 (Rs 5000 * 5 days)
5. There are 4 weeks in a month. So, at end of month, you should have Rs 1 LAC (Rs25000*4weeks)

Even if you cant have 10 net points (after brok + other charges), even a gross 10 points will result in around Rs 80000 at end of month.

Think of it, just 10 points scalp with 2 lots in each hour - - - that's all what is required (just to put it in a most simplified way)

 

[nonstopkaran]

s sunil rightly said... it may look very eady when one read it...
but it is very difficult to put in action...

by the by where s our asish sir.....

 

[arnav_rulz]

short @ 3930

expecting to break 3927 levels sharply...

SL 3940

Wow , was paper trading for a few days... It was going fine.

Today shorted after observing wat u said about 3927 and shorted @ 3931.

earned 11 points

 

[circle zee]

I think it is easier said than done because in this scenario our stop loss should not be 2 pts above or below our entry price.

 

[Sunil]

s sunil rightly said... it may look very eady when one read it...
but it is very difficult to put in action...

by the by where s our asish sir.....

it may not be that easy... but it is not impossible... BOs, resistances, supports. H&S, RSI, etc....
there are many things which may help you scapl just 10 points in every hour of trade...

Point is, be patient.... set a mental target of just 10 points for every hour (10 points target within every 60 minutes.... i m not saying wait for 60 minutes... sometimes, 10 points come within 5 minutes)...

TRADING WITH MENTAL CALM & DISCIPLINE GO A LONG WAY IN HELPING YOU REACH YOUR MONTHLY TARGET...
(after all, for full time traders, this is their main source of income, and Rs 1 lac beats any decent job's salary... atleast for starters)

 

[lalpar]

The most important thing that I have learned until now by trading is

"Know What you want"...I have a target of usually 100 points per week and I do not trade other than that...This week luck was on myside as in two trades I was able to get 150 points!!!

400 points per month is by target!!!

 

[mitasatyajit]

Profit booked at around @3930 - 10 lots (4144 - 3930). Let us wait for primary trendline. No courage to long (against the rule).

Regards.

 

[tinchu76]

any idea about Europe?? Might be opening now??