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[sayantan2u9]

the july 50/52 pair is down 7 pts from 162 to 155 now !

 

[pakatil]

GM......Frnds.

Amit, 50 / 52 Cost.....73+ 82 = 155.....do we go for it....

or wait till 11.00 AM...

 

[jamit_05]

The reason we did not enter was because NS did not break its range of 5100-5140; I want to enter after this range gets broken.... it may take another day (or not)... I will keep track.

 

[sayantan2u9]

i think we shd go for it..

though i m no expert.......

even i was thinking 5100 can break any moment, thus y i think it might be a good buy

 

[sayantan2u9]

i have been following the prices of options of the otm pairs ,
i think the time decay intraday is quite minimal ....
this is just my observation ....
can some one back this up..

n.b. : i am not talking about the week of options expiry , but the experies before that.

 

[ravinder0509]

Ravinder,

Now that I think about it... the reason taking trades is now easy, because I trust myself that under no circumstances will I put myself in a situation which becomes even slightly unpleasant. Loss on one single or a few trades back to back is routine. In fact, in my futures trading the stop loss orders are always punched...

Intraday trading is a very good exercise.

You are absolutely right...confidence in your system is the key.

 

[pakatil]

5100....broken.....

 

[jamit_05]

Lol;

You are absolutely right...confidence in your system is the key.

Honestly, the bloody thing (futures trading method) gives me quite many losses... to a point where I start doubting the weeks profitability. The system takes me to unbearable bends before the law of averages kicks in. What keeps me going is the 100% confidence that when the profits come in, I will have no complaints.

The key is to take trading in packets of 20 trades. No rule or thought process should change in a given packet. When those 20 trades are over one could analyse and do the needed alteration. And then take up a new packet. Most importantly, a new trader must set risk amount per trade such that he can last on several such packets.

Soon, there comes a time, when no major alteration is required... and the odds are now in your favor.

Amit.

 

[jamit_05]

5100....broken.....

New LOD is formed, but it is not a clear break.

Pair trading has this advantage... there is no need to act on the spot. My futures lots are shorted, but pairs can wait.

In case, this is a false breakout 5150 will reach before 2 p.m.....

 

[jamit_05]

i think we shd go for it..

though i m no expert.......

even i was thinking 5100 can break any moment, thus y i think it might be a good buy

waiting for clear confirmation may cost you a point or two more. Its worth the extra cost.