Stock FUTURES To Keep A Close Eye On

[Prashant Patel]

Machine-tool stocks ratcheted upward.

Toilet-paper companies wiped away earlier losses.

Boeing stock soared and Lockheed really took off.

A swimming-pool company floated a loan, and its IPO is going swimmingly.
But boat-building stocks were sinking fast.

Stock in 7-Up is flat.

Sun is expected to rise during morning trading.

EverReady stock was weak, but Duracell stock charged ahead.

Stock in several NFL franchises fumbled - many shareholders opted to punt.

Bell Helicopter hovered around its highs.

Real-estate investment trusts lost ground.

Pest-control companies got killed.

Victoria's Secret asset values were stripped.

But panty-hose companies found support.

Gillette stock had a close shave but finished up, a hair above yesterday's high.

Earnings report: Clairol came out a little dark, but it shouldn't be permanent.
And Sylvania looked bright in light trading.

SG,
No words, left me alone, as they were there.....
fabricated in your Stock narRATTED ryhme...


PP

 

[Prashant Patel]

SG,
I'll be going away for almost a week, hence won't be able to cover the discussion's here.
Just a lot of DELTACORP long @ 68.90 is open...
Any suggestions so as I would instruct RM over phone.

PP

 

[SavantGarde]

SG,
I'll be going away for almost a week, hence won't be able to cover the discussion's here.
Just a lot of DELTACORP long @ 68.90 is open...
Any suggestions so as I would instruct RM over phone.

PP

Will you be able to Instruct him on daily basis once ...from wherever you are...or do I just give you a price at which we just keep it till you return...!!!

If it is the latter..then Just keep an exit @ 71.65

SG

 

[Prashant Patel]

SG,

Had been doing some or more wrong trades along with your suggested trades.
Also got the answers even before asking you again for the same...

Here's a go through of the past discussion's:

Have commented before that INFY will stop being the bellwether of IT sector.....TCS is the company....that should ideally be on the top among the frontline IT bluechips......!!!

Cognizant...is another that I have liked for very long time....!!!

SG

PP...for today concentrate on TATASTEEL & DELTACORP.....!!!

SG

Hi SG,

Still waiting for your inputs.

No hurry, just a reminder from an anxious trader.

Thanks

Please don't take it otherwise
Patience is first thing to learn
Keep watching market make your note and then you can discuss with SG
Regards

I am waiting. They are just reminder to say to SG that how badly i need some lessons from him.

Thanks

Aarav....put NIFTY Future April & May Series, BNF April & May Series
JPASSOCIAT 85 CE on your watchlist.....

SG

Done added all in my Watch list.

what next as i get very few time to watch the scrips.

The above sentence is my current situation and if what you are going to tell me require more time to be dedicated i will try my beat to do that.

Thanks

SG,
Kept Watch on Delta Corp.
It moved from 68 to 68.90 in approx. 10min, moving range of 0.40-0.45 paisa
On sideways it's range of approx 0.20 paisa.

PP

Tats a power of delta.. it should have been in 70's range but movibg slow for last 2 days..once it cross 70 see the magic . if everything goes fine will touch 80by this series. lets see...

Hi Aarav....those are just for the watchlist.... looking for a few more to put on the watchlist...will let you know...and don't worry about time....it willnot take more than 5 minutes of your time.....on a daily basis...!!!

SG

Aarav....for today...keep 1 Lot Minifty to Buy @ 5297.00 in the system....and you can close the system...and carry on with your work....!!!

SG

Small waves are always present in any sort of uptrend or downtrend..... so here is an attempt to catch that if it happens...or else we wait another day....

One thing as a Trader we MUST learn is to wait for the price instead of chasing....as if there is no tomorrow....!!!

SG

i was just about to ask the logic of catching the falling knife! but got the answer.. thanks

Done mininifty Buy @5297.

Thanks

SG,
Second wave for DeltaCorp from 68.75 to 69.60
Approx 0.85 paise upward movement.

PP

PP...now that you have seen the High of 69.60 you can now prepare for an entry on any sort of correction.....you see through the day....!!!

Also, if you witness a quick up surge again...then go ahead and short it forto cover on the first down tick...or second down tick.....!!!

SG

dear,
what abt MM, it's about to crash???
5M and 1M it's showing over baught

What has been advised to Aarav is from MM view..even if NF crashes there is no problem....!!!

He has a capital of 75k and has placed a Buy for 1 lot of MNF...!!!

5 min & 1 min overbought condition can only drop to 30 min low....that's all

SG

PP...look for entry in DELTA @ 68.80

SG

SG,
Had entry @ 68.90

Okay....PP...keep for sell @ 70.85 ....!!!

SG

Aarav....if you happen to see this message change the Buy order for MNF to 5307.15

SG

Done !

?? 15EMA ??

sir,
just curious, where does this figure come from? is it some support level or fib level or something else?

Sorry seen it late. Order modified when MN is at 5310.lets see whether it will get executed or not.

During the market I have no reference to chart....it was just what is observed on the Odin watchlist....while NF went down to 13-15 earlier..... and went back up.... proved to be a good enough support....since even a good support gets broken overdone in the next leg down.... that is why the figure was shifted to 5307.xx from 5297.....it is purely what is observed and absorbed during Trading....No Charts...no levels....Nothing...!!!

SG

Don't worry Aarav..it's quite okay....there is still a good chance of execution around 1.30...ish

SG

Target / TSL ??

TP,

This exercise for Aarav is not for Intraday....keeping in mind his time constraint....!!!

But you could see ...5337-5348 today on NF....!!!

SG

Yes.. I just tagged along. I am a bit fearful about trading the index, preferring equities or options. But just to rid myself of the fears, it's good to have hand-holding guidance.

Setting an initial SL of 5304 (low of 5 min bar). Will trail it.

Since Exit & S/L is entirely dependent on my instructions.....Aarav will go through the emotions.... when he did things on his own.....but will be unable to execute orders without any instructions from me....as a result he will understand that how to ride the smaller waves of price movement......over a period of time....of 1-2 months....also a very important lesson would be how to manage money without.....over trading....!!!

SG

TP ....if you are following 5min TF.... then look to adjust it upwards for smaller Profit...... remember smaller the TF more trades one gets but at the same time profit or loss in each trade is also smaller....!!!

SG

Order get completed mininifty [email protected] at 1.00 pm.


Yes thats true Emotions seems very easy to control but that is the most difficult part of the game.

Thanks

go through the emotions very very big lession for trading....

When the High Frequency Trading (HFT) guys strike around 1.20 to 2.10 it plays havoc with everyone's positions and their emotions....!!!

SG

Aarav....keep another MNF to buy @ 5228.35

SG

Market Jumping even stoploss orders
some serious

Done order executed.

Aarav..please confirm what price it executed...because market had gone down below...5200 is a flash.....!!!

SG

5268 is the average now.

Thanks

Aarav,

Time to step back and think aloud....what would you have done if you saw such a flash crash of NF and overall market....!!!

SG

SG,
My question, wht should be done for this kind of crash?
With no SL on place.....

PP

i would have exited my position.

The thing is i am very scared of losses so till today the maximum loss i allowed for my position is 1000 rs.

If i have seen such a drop i will be trying to exit at market price if stop loss is not set or not hit.

Thanks

Thanks for your thoughts Aarav......!!!

Keep the 1 Lot of MNF to sell @ 5258

SG

Order Placed @5258.

Thanks

Well This is my First time that i am seeing such a big loss. I am not used to it. and also i always want to do EOD trading (as i do not have much screen time) but always ended up doing intraday trading.

But today i am not having any fear because SG is teaching me something which he think i am lacking.

Today it will hurt me but in future i will remember this.

THanks

Aha... but no losses booked as yet, your position may ultimately turn out to be profitable.

The Only thing matter is i will learn and more importantly will keep it in my mind what i learned and keep doing that.

Hi Aarav,

It is good you are going through all that you would have done....so this is going to be a very new experience....hopefully you will not fear the downside......and NOT OVERTRADE....

From my end I can assure you that you will have atleast 7-8 winners out of 10....will try for more.....!!!

As an after thought...I am glad you got see this kind of flash crash while holding a position....

SG

Hi SG,

I am not taking any other trade other then what is told by you.

My only concern is the time. Today i got time so able to see you intraday post on regular basis but this happens very rarely. i get time in morning only where i can do trading.

Just wanted to tell my concern.

Thanks

bro,

what you have learned from this trade? plz share.

thanks

(if you already replied, or SG did, then tell me post no., b/c i read last some post only.)

The thing is in past i have traded using many different strategies. May be some of them are good and will keep me in profit at end of month. But i am having no control on my emotions so traded for very small period using any of the strategy.

I tried to learn by my self but failed.

SO asked SG for help.

as i told this is the first time i am seeing big loss in my MtoM and still in position.

May be this is a learning for me but not so useful to you.

Thanks

What i have learnt will share with you

1. When market start tanking we panic and try to close positions @ market but by the market has already reached extream and our loss is big
2. then we see Market rising again almost 50% of the fall and we think it was only momemtary news and everything has settled so we reenter and again this is @ other extream
3. Market falls again to the low or nearby and again we close position and again book the highest loss
Regards

dear,
this lessons are not only for aarav....most of us are doing or did like those type of trades....
for all of them...
thank you savantji....keep teaching...

Hi Aarav.... don't worry I am mindful of the fact that you will not be able to stay in front of the terminal ......!!!

SG

Despite this we are there to burn our hand, coming back to take vengeance with the market... and doing so we end up deep in red, making a BIG hole in the ledger balance.

I would say I'm the one of this kind of trader... , so soughted help from SG.

PP

Vikrit....& others ...it is rather unfair & too early to ask Aarav what his takeaways from todays Trade.....!!!

He has his limitations of time and etc.... therefore, I am trying to get him out his panic syndrome ....if I may call it that ....so that he gets into the right frame of mind for positional trading....!!!

Why not give it a couple of weeks and then ask Aarav...!!!

SG

That to was happening despite the fact i read the charts nicely still to see my ledger turn green

Regards

thanks for reply

every bit of knowledge is useful, and more if we can make it learning.




rkgoyal, thanks for reply. have seen your charts and discussions, and also you are very old member of this community,
i believe you can answer me, having some query about above points-

1. how person can assume/know this or that is a extreme?
2. what should a person do, if market tank in flash? (no SL)

.

TP....a few years back somebody posted that he was basically a day trader and lost lot of money....and was left with only with 4-5k without any possibility of adding anymore......!!!

Considering he mentioned he was a day trader.....had to first get him off the Day Trading Addiction....so got him to deploy.... about 70-80% of what he had in Scrips.... with a view to get back to about 10k..... which is what he had lost while Day trading....he did as he was instructed.... while I kept track of the 3-4 scrips....that he had bought...!!!

Scrips did keep moving...up...and at some point... he was able to read charts fairly well by then.... and was able to exit some of those scrips....thereafter what happened ...I have no idea....!!!

Hopefully, he is cured of his addiction to day trading...!!!

SG

Anyways... for all those who think of keeping a S/L in the system....come back and review.... in about a 2-4 weeks....!!!

When Aarav's ledger is position sized to 4 MNFs for positional trading because he cannot devote full time to trading.... Flash crash gave an opportunity to enter the 2nd Lot....where is the question of S/L.....!!!

SG

replying assuming you are indicating my question where i mentioned 'SL'.

mentioned it to clearly draw the situation that no SL of any kind in mind, means person can hold. As, wanted to know about that kind of situation what should do?, hold then till when? etc.

sir, so do you advise against day trading.???
As i told you earlier i will be trading full time from next month and i can only think of daytrading as i am very nervous of gaps on the next day.

When you are in sync with the market, you shouldn't fear about gaps... most of the time market gaps in the direction of the trend... In the 70s and early 80s, traders like Michael Marcus, Bruce Kovner etc were used to trade in the direction of the trend and markets used to gap up or down from one circuit to the other...

Hi APDD,

Please don't confuse what I am attempting to do with Aarav as a rule for others....what I have in mind for Aarav..is based on his available capital and time he can devote to Trading....!!!

For you it will be entirely a different ball game.....which I will outline it tonight....!!!

SG

I have yet to learn all the tricks, but one thing that i am getting on to is feel of the Market, Its not that i had never been positive many months i ended in green but still whenevr i make losses they were bigger, so overall in red, This all is for the greed part of it, fear i have atleast in control now, greed is yet yo be.

Today i had put sell stop order on nifty smeeling the fall when it started after 1 pm just to cash in intraday fall it was at 5264.05 for sell and 5265.55 for trigger, still market jumped over it

After this i just watched the screen, nothing i did, i wanted to add to some of my positions as per the stretegy i had been following since last 45 days buy then just waited

Now i am also trying to understand market structure over all as per the wave counts and trying to add/reduce positions with each wave and getting little sucess in this
A lot more is to lean yet
Regards

sir, if you get free time tonight for my guidance then following info may be helpful to you:

>ledger balance 1.5 lacs (earlier i said 1 lac)
> brokerage 4 paisa intraday Indiabulls
> I find 5 min TF to long even if i try to use it(get anxious or nervous). end up using 1 min TF and most of the time sl gets hit

APDD,

First things first...please drop the 'Sir' while addressing me.... simple SG will do fine....!!!

Let me outline what you have told me so far....
a) Available Capital is 1.5 Lac
b) Unlike Aarav you are available throughout the Trading session
c) Your comfort level is 1 min because even 5 min TF makes you anxious
d) 4 paisa Brokerage with India Bulls

Plan is as follows....

a) In 2-3 months you should have no fear of Trading any TF
b) You will refrain from checking on Channels, Forums, Friends as to what they think Market is doing or going to be doing....!!!
c) Since you can devote full time ...will send you a link where few friends meet up during Trading hours....this is so we can communicate faster...!!!

Guess that's about it for now.... we meet up on Monday...!!!

SG

SG...

But I still think, being bored is better than being panicked... I would have definatlly sold CIL @ 335ish (at loss out of panic), but the way you bought down the average cost from 345.35 to 340 and then finally selling at 343.30, we were able to make some profits + (profits is some other trades also).

I saw the flash crash yesterday, though being long on nifty, I did not panic for once, infact , it gave me an another chance to add more which I sold on 40 points profits...

What I Have learned while working with YOU, ANANT and ANAY is

1) DONT PANIC OTHERWISE THEY WILL HUNT US DOWN.
2) ALWAYS HAVE LESS POSITIONS IN MARKET SO THAT WE CAN MANUVERE LATER INCASE OF UNFAVAOURABLE MOVE.
3) ALWAYS LOOK FOR AN OPPORTUNITY RATHER THEN CRY FOUL ON BAD TRADE.
4) AND BELIEVE THE MENTOR INSIDE OUT, AND DONT RAISE EYEBROW ON THEIR STATEMENTS.
5) DONT FEAR FROM SHORTING ANY STOCK/INDEX.

See I always try to look on the brighter side of the story. Thanks for opening our GYANCHAKSHU and one little story for you. Hope you will like it.

Student: How to get enlightend.
Mentor: Change your clothes first then have food daily.
Student: I dit not understand Sir.
Mentor: If you did not understand, then have your food first then change your clothes.

Moral of the story: Dont question your mentor....

Regards

Sunil

SG, can you expand a bit more on this, with an example or two if possible. My purchase price was 5307.xx, SL was previous pivot low (5304, actually 5300 with filter). So what should've been my SL & target ? All this considering that my breakeven is about 4 points.


PS : I have been meaning to ask you this ever since I read it, but the markets had me stumped yesterday

Hi TP,

In fact I was thinking of writing about it... even without being asked... when I realised that you didn't book profit when NF jumped to 5315 -5317 levels...!!!

Will explain....in the evening ...have some work.... for which I need to go just now....!!!

SG

 

[Prashant Patel]

SG,

No Problem...
Will be able to instruct him daily basis also, or I would do by self also.

PP

Will you be able to Instruct him on daily basis once ...from wherever you are...or do I just give you a price at which we just keep it till you return...!!!

If it is the latter..then Just keep an exit @ 71.65

SG

 

[Prashant Patel]

SG,

Mailing you a excel file for reference on the trades done by me.
Do check and advice for the same.

PP

 

[dineshN]

Good Morning Guys

Someone please explain how you use stop loss/trailing stop loss with following e.g..
I've TATA Motors bought @ 285. Last Friday price went up to 294. Now I want to protect the profit in the case of price fall but still want to remain open to see price testing levels of 300+

Is this stop loss sell order ok?

Assuming CMP/LTP @ 294
Trigger @ CMP/LTP = 294 (to make the order active immediately)
Stop loss limit @ 290

 

[rkgoyal_98]

Good Morning Guys

Someone please explain how you use stop loss/trailing stop loss with following e.g..
I've TATA Motors bought @ 285. Last Friday price went up to 294. Now I want to protect the profit in the case of price fall but still want to remain open to see price testing levels of 300+

Is this stop loss sell order ok?

Assuming CMP/LTP @ 294
Trigger @ CMP/LTP = 294 (to make the order active immediately)
Stop loss limit @ 290

As i understand we should have some logic to place stoploss

Fisrt way is
1. Look for pivot on hourly/30 min/15 min charts
but ur entry price is above the pivot low on hourly/30min chart which is at 284.65 so best place for stop loss is this as per intraday chart
Incidently this is also aggresive pivot on Daily Timeframe and more chances are that this be protected by the institute that are long on the scrip
Regards

 

[dineshN]

As i understand we should have some logic to place stoploss

Fisrt way is
1. Look for pivot on hourly/30 min/15 min charts
-----

How do I find Pivot point on various time frames. Currently I get Pivot point directly in Odin software.

Also RK
Is my sell order correct? I tried this on other scrip and the order got executed instantly.

 

[rkgoyal_98]

How do I find Pivot point on various time frames. Currently I get Pivot point directly in Odin software.

Also RK
Is my sell order correct? I tried this on other scrip and the order got executed instantly.

I do not use any pivot point, i have given level of pivot low on hourly and 30Min TF

Sell Stop are 2 type

1. after trigger sell @ Market
2. after trigger order become a limit order

You have to check what kind are allowed by ur broker
I use only limit after trigger
Regards