no one going to earn even single rupee day trading
- Thread starter abhiwhy
- Start date
Some doubts again......
Todays Values for NIFTY futures 28th jan Fut
in 1 ..Icharts O 5280/H 5295/L 5248/Close5257
2..Indiabulls O 5275/H 5295/L5248/C5249
Why the differences in values and
Which values to be used for say...Camarilla pivots calculation...
Rgrds and thanks
Sreenan
Todays Values for NIFTY futures 28th jan Fut
in 1 ..Icharts O 5280/H 5295/L 5248/Close5257
2..Indiabulls O 5275/H 5295/L5248/C5249
Why the differences in values and
Which values to be used for say...Camarilla pivots calculation...
Rgrds and thanks
Sreenan
JUST AN IDEA i myself prefer my brokers pvs close after updation in the early morning and find pivots at that time.
Last edited:
Just sharing my little experience.
Time and again it happens. But herds gets slaughtered again and again Today market was expecting something. Results of Infosys and then IIP numbers both were more than expectations.
Last time when IIP numbers were out I remember 5180 was res and the market broke it and would have sucked so many traders to go long and then a big crash of 60 points in 5 minutes. After so many blunders and costly pains I was alert that day and placed my Short order @Low Of The Day and within half an hour my day was made.
Today ,If the IIP numbers were more than expectations then why it would fall like a dog? Its nothing but a trap by Big fishes who always have collaboration with business news channels.Today's chart itself says it all.
My intention is to tell new day traders that don't go by what herds or news channels say but to have something in place to see whats really going on.
One more example is when we heard news of real estate crash in Dubai. On that day everyone was heavy bearish and everyone thought Nifty would go to "Paataal".In news channels I felt the news readers were almost weeping Then Everyone who were short got buldozed before they could realise as to whats going on.
So it helps if we think different from the crowd.
Regards
Raghav
Time and again it happens. But herds gets slaughtered again and again Today market was expecting something. Results of Infosys and then IIP numbers both were more than expectations.
Last time when IIP numbers were out I remember 5180 was res and the market broke it and would have sucked so many traders to go long and then a big crash of 60 points in 5 minutes. After so many blunders and costly pains I was alert that day and placed my Short order @Low Of The Day and within half an hour my day was made.
Today ,If the IIP numbers were more than expectations then why it would fall like a dog? Its nothing but a trap by Big fishes who always have collaboration with business news channels.Today's chart itself says it all.
My intention is to tell new day traders that don't go by what herds or news channels say but to have something in place to see whats really going on.
One more example is when we heard news of real estate crash in Dubai. On that day everyone was heavy bearish and everyone thought Nifty would go to "Paataal".In news channels I felt the news readers were almost weeping
Then Everyone who were short got buldozed before they could realise as to whats going on.So it helps if we think different from the crowd.
Regards
Raghav
Just sharing my little experience.
Time and again it happens. But herds gets slaughtered again and again Today market was expecting something. Results of Infosys and then IIP numbers both were more than expectations.
Last time when IIP numbers were out I remember 5180 was res and the market broke it and would have sucked so many traders to go long and then a big crash of 60 points in 5 minutes. After so many blunders and costly pains I was alert that day and placed my Short order @Low Of The Day and within half an hour my day was made.
Today ,If the IIP numbers were more than expectations then why it would fall like a dog? Its nothing but a trap by Big fishes who always have collaboration with business news channels.Today's chart itself says it all.
My intention is to tell new day traders that don't go by what herds or news channels say but to have something in place to see whats really going on.
One more example is when we heard news of real estate crash in Dubai. On that day everyone was heavy bearish and everyone thought Nifty would go to "Paataal".In news channels I felt the news readers were almost weeping Then Everyone who were short got buldozed before they could realise as to whats going on.
So it helps if we think different from the crowd.
Regards
Raghav
Time and again it happens. But herds gets slaughtered again and again Today market was expecting something. Results of Infosys and then IIP numbers both were more than expectations.
Last time when IIP numbers were out I remember 5180 was res and the market broke it and would have sucked so many traders to go long and then a big crash of 60 points in 5 minutes. After so many blunders and costly pains I was alert that day and placed my Short order @Low Of The Day and within half an hour my day was made.
Today ,If the IIP numbers were more than expectations then why it would fall like a dog? Its nothing but a trap by Big fishes who always have collaboration with business news channels.Today's chart itself says it all.
My intention is to tell new day traders that don't go by what herds or news channels say but to have something in place to see whats really going on.
One more example is when we heard news of real estate crash in Dubai. On that day everyone was heavy bearish and everyone thought Nifty would go to "Paataal".In news channels I felt the news readers were almost weeping
Then Everyone who were short got buldozed before they could realise as to whats going on.So it helps if we think different from the crowd.
Regards
Raghav
After going through volume book i have found these two basic principle really at working in stock market
There are two main principles at work in the stock market which causes a market to turn. Both these principles will arrive in varying intensities producing larger or smaller moves.
Principle One.
The herd will panic after substantial falls and start to sell usually on bad news. Then ask yourself. Are the trading syndicates and market makers prepared to absorb the panic selling at these price levels? (must be on a down bar). If they are, then this is a strong sign of strength .
Principle Two.
The herd will at some time after substantial rises as seen in a bull market become annoyed at missing out on the up-move and will rush in and buy, usually on 'good news'. This includes traders that already have long positions, and want more. Then ask yourself. Are the trading syndicates and market makers selling into this buying? (must be a up-bar) If so, then this is a strong sign of weakness. Does this mean that the dice are always loaded against you when
Want to make a small point here:
Heard one great trader writing in his book that trading should be so boring that it should look like a factory work. He was talking of discipline.My cousin introduced me to his friend who wanted to put 40000 in the morning and get back 1 lakh in the evening.I told him to go to Horse race instead!!.This is the mentality of most new traders out there.
However being the most toughest profession there are no short cuts .
Great trader Gann said in 1909:
For the past 10 years I have devoted my entire time and attention to this speculative market. Like many others, I lost thousands of dollars and experienced usual ups and downs incidental to the novice who entered the market without preparatory knowledge of the subject.
I soon began to realise that all successfull men, whether lawers, doctors or scientists, devote years of time to the study and investigation of that particular pursuit or profession before attempting to make any money out of it"
So in my personal opinion three stages for a successfull man:
1. Identifying what suits my personality, it can be a job, profession or an art.
2.Years of relentless effort to find out how the vibration ( in modern words its nitty gritty) works behind that job, profession or art.
3. Tune our personality in harmony with that vibration.
4. Flow of wealth in the form of reward.
From the book 'trading for a living': "An amateur trying to get rich quick is like a monkey on a thin branch .He reaches for a ripe fruit but crashes when the branch breaks under his own weight".
Regards
Raghav
Heard one great trader writing in his book that trading should be so boring that it should look like a factory work. He was talking of discipline.My cousin introduced me to his friend who wanted to put 40000 in the morning and get back 1 lakh in the evening.I told him to go to Horse race instead!!.This is the mentality of most new traders out there.
However being the most toughest profession there are no short cuts .
Great trader Gann said in 1909:
For the past 10 years I have devoted my entire time and attention to this speculative market. Like many others, I lost thousands of dollars and experienced usual ups and downs incidental to the novice who entered the market without preparatory knowledge of the subject.
I soon began to realise that all successfull men, whether lawers, doctors or scientists, devote years of time to the study and investigation of that particular pursuit or profession before attempting to make any money out of it"
So in my personal opinion three stages for a successfull man:
1. Identifying what suits my personality, it can be a job, profession or an art.
2.Years of relentless effort to find out how the vibration ( in modern words its nitty gritty) works behind that job, profession or art.
3. Tune our personality in harmony with that vibration.
4. Flow of wealth in the form of reward.
From the book 'trading for a living': "An amateur trying to get rich quick is like a monkey on a thin branch .He reaches for a ripe fruit but crashes when the branch breaks under his own weight".
Regards
Raghav
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