Nifty : Real time discussions...!

[linkon7]

trade today :

shorted july 5500 straddle for 39...

shorted nf at 5498 SAR at 5512...

I normally hate trading on expiry as it goes crazy...!

Today it appears nifty is reserving its janwarpan for the last 30 min...

good news is 5500 straddle initiated at 39... is now at 28...

Bad news is..its boring the crap out of every nifty trader...!

 

[augubhai]

Bad news is..its boring the crap out of every nifty trader...!

It is boring crap and also the money out of me...
Whatever I am doing seems to be perfect for catching all the tops and bottoms in a whipsaw market. Only that I catching them wrong. But :! if I do the opposite.

 

[linkon7]

It is boring crap and also the money out of me...
Whatever I am doing seems to be perfect for catching all the tops and bottoms in a whipsaw market. Only that I catching them wrong. But :! if I do the opposite.

Bulls make money, bears make money... pigs get slaughtered...!

We are the pigs...! No matter what we try... we cant outsmart the big fish... !

Best way forward is to align with any one of them.

Like i filter my trades based on cam... so far OBR (first 3-4 min) is below S4 so bias is short with 5530 (S3) as sl... !

I decided to act smart... sold at 5498.. sar at 5494... net result is a lot of pain...!

 

[trader.trends]

The number of trades we do is inversely proportional to the TF we tend to trade. The number of trading errors we do is directly proportional to the number of trades we do. So if we want to reduce the number to trading errors, reduce the number of trades. If we want to reduce the number of trades trade on a higher TF. We simply have to reduce the number of decisions we have to make to be profitable. Of course all within the usual suspects of trading system, money mgt and discipline.

 

[augubhai]

exit @ 5495. no positions now

 

[augubhai]

short @ 5490

 

[PGDIMES]

Last hour of expiry... Watching from the sidelines... Only positional shorts are in place... will join the party of the winning side...

 

[linkon7]

The number of trades we do is inversely proportional to the TF we tend to trade. The number of trading errors we do is directly proportional to the number of trades we do. So if we want to reduce the number to trading errors, reduce the number of trades. If we want to reduce the number of trades trade on a higher TF. We simply have to reduce the number of decisions we have to make to be profitable. Of course all within the usual suspects of trading system, money mgt and discipline.

Lesser amount of trades normally doesnt translate to good profit. The amount of money needed to be put at risk to know if a trade will work is proportional to the tf traded. Higher tf normally means wider stoploss. And lack of movement is going to kill any system. Issue is damage control. A time tested ema crossover on eod like sh's 315 is whipped 5 times this month.

Every time i place a trade with 6 point point sl... thats the money i am willing to risk to know if the trade will work. 5 such trades fail, I loose 30 points plus brokerage. Same trade with 30 points sl can give it room to move in my direction but all i need is 1 such failed trade for a 30 point damage.

Every thing depends on how i manage my exits. with smaller sl, i have far more number of scratch trades and small loosers. But a small number of big winners is needed to offset all that.

With a wider sl...i cannot afford to be wrong too many times....!

 

[linkon7]

exited nf at 5505...

exited straddle short of 5500 at 17....!

Bhag bhag dk bose...!

 

[augubhai]

long @ 5511. Last trade of the day. Hope it at least gets to 5550.