Nifty : Real time discussions...!
- Thread starter linkon7
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Kevin, Why so worried!!! Linkon doesn't drive the market... 
Try to trade on your own...
For the followers of Saint's 30 min flow, the SAR is at yesterday's HOD...
Try to trade on your own... For the followers of Saint's 30 min flow, the SAR is at yesterday's HOD...
Its just that traders like me require ppl like Linkon da and other experienced ppl to share our expereices , thought process and get timely advice when required.
I know he doesn't drive the market neither he intends to....Since i m happy today as i did follow my trade plan...
And I do trade on my own Dear, its just that succesfull trading is boring so require other traders to share for their knowledge
Ranger,
Again an unwanted advice... Don't cover today... 2 days of holiday... Let the time remain by your side...
Again an unwanted advice... Don't cover today... 2 days of holiday... Let the time remain by your side...
I do in sometime but only in the week day (monday to friday) only.
Thank you.
power situation is good here...! only during mansoon, we have plenty of instances where trees get uprooted or branches falling on electric poles etc ... so as safety measure they cut the power till the employees make a survey and restore power.
I have a 4 hour backup..and that has run dry... only laptop battery and 1 net connection alive now....!
This phase is when i am blind and just use it to exit positions. Dont keep charting software on this laptop as it'll tempt me to take trades...
I have a 4 hour backup..and that has run dry... only laptop battery and 1 net connection alive now....!
This phase is when i am blind and just use it to exit positions. Dont keep charting software on this laptop as it'll tempt me to take trades...
@ Ranger
Why u dont like to carry short straddles for weekend is a mystery to me. market rarely gap more than 60 points in one direction and that normally causes a 10-12 point rise in straddle. Gaps are a lot easier to play as u can afford partial exits or enforce damage control as one segment of the players are under considerable stress and gaps either get filled in the first hour or act as trend determinant. Either ways, u can recover ur 10-12 point easily and that too within the first hour itself.
There is one exercise that i think can improve expectations or know what to expect when you short straddles with the hope of milking it for few safe points. download the nse futures bhavcopy and make a excel sheet and make a study of the price of straddles / OTM strangles at various price points and how much they wither with time. I also used to maintain the vix lvl for the corresponding day and the OI of NF.
Keep in mind, TA is all about studying past price movement with the premise that history repeats itself. I think your fear stems from the fact that u dont know where to cut for pain of loss from straddle. AW10 advises using %-age based stops as that can help u know where u should set the limit of maximum tolerable damage. that %-age will come from ur study on excel sheet.
I did this exercise long time back and to my surprise i found that shorting straddles and keeping it for a period of 2-3 weeks generated good profit unless we saw a rapid rise in vix / shift in OI. Then i found a co relation of the price of the straddle compared to location of close compared to where it was WRT its present EOD range.
I lost lot of my research work in a hdd crash and never really felt the need to revive it but your approach reminded me of a time when i used to write a straddle and use it as a hedge for nf positional. That method worked like a charm and i really cant remember a valid reason for not using that any more. I used to make more points with lesser stress using simple trend lines.
just food for your thought...!
Why u dont like to carry short straddles for weekend is a mystery to me. market rarely gap more than 60 points in one direction and that normally causes a 10-12 point rise in straddle. Gaps are a lot easier to play as u can afford partial exits or enforce damage control as one segment of the players are under considerable stress and gaps either get filled in the first hour or act as trend determinant. Either ways, u can recover ur 10-12 point easily and that too within the first hour itself.
There is one exercise that i think can improve expectations or know what to expect when you short straddles with the hope of milking it for few safe points. download the nse futures bhavcopy and make a excel sheet and make a study of the price of straddles / OTM strangles at various price points and how much they wither with time. I also used to maintain the vix lvl for the corresponding day and the OI of NF.
Keep in mind, TA is all about studying past price movement with the premise that history repeats itself. I think your fear stems from the fact that u dont know where to cut for pain of loss from straddle. AW10 advises using %-age based stops as that can help u know where u should set the limit of maximum tolerable damage. that %-age will come from ur study on excel sheet.
I did this exercise long time back and to my surprise i found that shorting straddles and keeping it for a period of 2-3 weeks generated good profit unless we saw a rapid rise in vix / shift in OI. Then i found a co relation of the price of the straddle compared to location of close compared to where it was WRT its present EOD range.
I lost lot of my research work in a hdd crash and never really felt the need to revive it but your approach reminded me of a time when i used to write a straddle and use it as a hedge for nf positional. That method worked like a charm and i really cant remember a valid reason for not using that any more. I used to make more points with lesser stress using simple trend lines.
just food for your thought...!
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