Nifty : Real time discussions...!

[linkon7]

Yes. you are right, that I has in profit of 9-10 Rs for my positon. But what I do is to exit in step - step way. I do such exit when my jodi positon is in 10 -12 rs profit because I can use the unreal profit to keep my stop loss on direction postion. So today also I do the same way. But my thinking of moment at the close time was not right one so I did not earn profit. But this thing of wrong direction thinking is not all ways. Many time I thinking is right for the direction so in such time I making good profit without any risk of lossing because my jodi position is make unreal profit for me to take direction risk. So I am happy trade like this only.

Thank you and best of luck to you also for tomorrow.

your trade was good...! but i think u tripped on lady luck's tail...!

 

[kevin_shah]

just to share with u guys;

this gem of words is from my traderji forum's second guru....Linkon Sir,

"Markets reaction to a particular level gives him the direction to trade and he knows very well when market has proven him wrong and doesn't think before he gets out of the trade. If he knows he got it right, he lets it run. He is in no hurry to book his profit and always in a hurry to book his losses..."


Something similar to Nial fuller ( Price action based forex trader -full time in Australia)

Both are different personalities have different styles but there thoughts above are consequences of some bad decisions they made in their career...which comes through solid hard work and experience...

P.S my first guru from Traderji forum is Saint Sir and his thread on " teach a man to fish..." is my best source of learning ever

 

[ranger123]

your trade was good...! but i think u tripped on lady luck's tail...!

Yes Sir, it is my wrong thinking of direction of nifty moment so I do not make profit today. But it is like this many time when I thinking is in wrong direction. But it is not all ways. When I has right then I earn good profit. First I try to earn unreal profit by jodi trade (I learn this from TNSNsir idea of netral tradings) and when there is some profit, I some time go for direction trade by cover CE or PE option on the basic of my thinking of nifty index moment. Sometime I am right, I earn profit, when I has wrong I do not lose from my pocket so my capital is safe. So sir, my main thing is to profit from a jodi trade first so I the most important thinking for me is to buy a jodi or sell a jodi and this thing I learn from Danpickup sir thinking and help for many month ago and now also.

Thank you.

 

[ranger123]

just to share with u guys;

this gem of words is from my traderji forum's second guru....Linkon Sir,

"Markets reaction to a particular level gives him the direction to trade and he knows very well when market has proven him wrong and doesn't think before he gets out of the trade. If he knows he got it right, he lets it run. He is in no hurry to book his profit and always in a hurry to book his losses..."


Something similar to Nial fuller ( Price action based forex trader -full time in Australia)

Both are different personalities have different styles but there thoughts above are consequences of some bad decisions they made in their career...which comes through solid hard work and experience...

P.S my first guru from Traderji forum is Saint Sir and his thread on " teach a man to fish..." is my best source of learning ever

I also has two gurus at the TJ, 1st is Danpickup sir and second is TNSN sir. Because of them I has able to earn avarage 10% everymonth, with very small risk. And I has happy with this return. I also do service along with trading.

Thank you.

 

[munde_77]

Hi Linkon,

Where can I see this information during market hours?

Thanks,
Premi

http://www.nseindia.com/

You have to select F & O , then market today , then click Fii derivatives statistics

 

[munde_77]

trades today :

short 5410 sl hit 5418, loss 8 points
short 5444 exit half 5431, gain 12 points
short 5444 exit 5417, gain 27 points
short 5431 sl hit 5436, loss 5 points
short 5437 sl hit 5442, loss 5 points

day ends positive, but i was clue less most of the time....!

execution error :
5410 short was a blunder... forgot to remove order... and then exit at 5408 when signal came... no room for hope there...!
5444 short was perfect...
5431 was good...! but partial exit at 5425 was needed to made other lot free... same with 5437 short...!

Linkon,What about brokerages , stt and other expenses

 

[myamit]

Guys,

Please see attached Nifty EOD chart. Does this look like head & shoulder pattern? I know this not perfect but still does not this behave in same manner?

View attachment 16537

 

[manoharpillai]

Bears are trapped now just see the game from now on, market will take off from tomorrow will surely touch 5600 and above most would dare to touch the up move that is the magic play it again and again no one will ever understand this big dirty game!!

 

[rkkarnani]

Bears are trapped now just see the game from now on, market will take off from tomorrow will surely touch 5600 and above most would dare to touch the up move that is the magic play it again and again no one will ever understand this big dirty game!!

Hi Manohar, What you write is so very true : "no one will ever understand this big dirty game!"

So it applies to each one of us including you!!!

Your prophesy about market rising may turn out to be true but again though you sound so confident it is still just a 'speculation'!!

Be with the trend may be the best survival Mantra out here!! People loose more when they try to "predict" the market!!

Just my view, mean no aspersions on your views!!!

About the market rising, if it is your gut feeling, the matter ends, no further post are required. However if it has got to with FA or TA we would love to hear from you how you reached this inference.

I too 'think' market will rise as a few heavy weights like Reliance, SBI are at 52 weeks low and have double bottom like formation on charts. More often than not, price tend to take Support at Double bottoms, so we may have seen the low for the time being. But here again I will not take any position based on this, as the double bottom for me is confirmed only when the stock rises above the nearest Resistance!!!

 

[linkon7]

Be with the trend may be the best survival Mantra out here!! People loose more when they try to "predict" the market!!

Trend is my friend, but a most unreliable friend...!


Issue is, trend exist in all time frame and they can create conflicting mixed signals.

Trade what you see sometimes becomes difficult as the eyes see what it wants to see....!

There is no right way of trading. Anything that works for someone, be it predicting and having the conviction to follow through... will work as long as he has courage to act on his conviction.