Swing Delivery Trading

[rajputz]

Hi Rajputz,

Do u hedge with call or put option ? If not , why ?

Good trading.

Pratik

Simple reason pratik - I dont know how to hedge. I am learning options trading with buying yet. Will move the selling, then combinations and then hedge.

Hi Rajputz,
sorry for bothering you again, but it looks like I might be needing some advice for swing trade.
If I want to swing trade, which would be for a week period, on chart do I have to go for different TF before jumping to trade in it. If yes what TF are to be consider, other than this what other points to consider. Also should I use BB along with other indicators?
Your word of advice/guidance might help me in making a trading stategy for swing trade.

Just a piece of advice prashant. Pick any system you want to trade. Watch it live with price action for 1 month, trade it on demo basis or with little money. You will understand how it works. As simple is that. You dont need any holygrail for that. People go around searching for systems that can generate profits, but there is not such system which can generate profits. You pick a system, get profits on it, make some losses and come to know that these were the wrong catches of the system. All you need to do is watch it, learn it and perfect it. Its the price action understanding which we finally trade, the system is just to smoothen our eyes that we are actually making profits through that.

 

[Prashant Patel]

Just a piece of advice prashant. Pick any system you want to trade. Watch it live with price action for 1 month, trade it on demo basis or with little money. You will understand how it works. As simple is that. You dont need any holygrail for that. People go around searching for systems that can generate profits, but there is not such system which can generate profits. You pick a system, get profits on it, make some losses and come to know that these were the wrong catches of the system. All you need to do is watch it, learn it and perfect it. Its the price action understanding which we finally trade, the system is just to smoothen our eyes that we are actually making profits through that.

Got that, but a small problem with me I can't always sit if front of terminal.
I get time to look at chart is at night only, so there always been problem of tracking market & scrips. Therefore thought of swing trade, which I think would suit me. But there's also problem of enrty & exit, cause merily looking at simple chart dosen't helps. So there should be some indicators that I could use with chart for a bit of accuracy in trade.

 

[rajputz]

Got that, but a small problem with me I can't always sit if front of terminal.
I get time to look at chart is at night only, so there always been problem of tracking market & scrips. Therefore thought of swing trade, which I think would suit me. But there's also problem of enrty & exit, cause merily looking at simple chart dosen't helps. So there should be some indicators that I could use with chart for a bit of accuracy in trade.

If this is the case then few pointers as i managed my time: -
1. Dont go for FNO. Instead Delivery.
2. Try buying at previous support levels and breakouts from range to upside.
3. Check your trades with weekly charts.
4. You can look into ichimoku system for swing trading. Its good for that purpose. The cloud acts as good support.
5. try to buy between 3:00-3:30 pm, and squarring of at the same time, cause swing traders get active at this time to make decision. Rest time is for intraday traders.
6. If nifty is in buy mode then go for buying and no counter to the trends trade in high caps.

 

[Prashant Patel]

If this is the case then few pointers as i managed my time: -
1. Dont go for FNO. Instead Delivery.
2. Try buying at previous support levels and breakouts from range to upside.
3. Check your trades with weekly charts.
4. You can look into ichimoku system for swing trading. Its good for that purpose. The cloud acts as good support.
5. try to buy between 3:00-3:30 pm, and squarring of at the same time, cause swing traders get active at this time to make decision. Rest time is for intraday traders.
6. If nifty is in buy mode then go for buying and no counter to the trends trade in high caps.

Thanks a lot, for your kind word of advice.
Will try out strategy based on points mentioned and would add some points if I could....
Thanks again. :thumb:

 

[absolute.zero]

Simple reason pratik - I dont know how to hedge. I am learning options trading with buying yet. Will move the selling, then combinations and then hedge.




Just a piece of advice prashant. Pick any system you want to trade. Watch it live with price action for 1 month, trade it on demo basis or with little money. You will understand how it works. As simple is that. You dont need any holygrail for that. People go around searching for systems that can generate profits, but there is not such system which can generate profits. You pick a system, get profits on it, make some losses and come to know that these were the wrong catches of the system. All you need to do is watch it, learn it and perfect it. Its the price action understanding which we finally trade, the system is just to smoothen our eyes that we are actually making profits through that.

Suggestion given (in Bold) is the key, I think. When larger money is involved in the trade, it makes us nervous, anyhow looking for exit, and the process of learning slows down. This is what I yet learnt through experience.

 

[Prashant Patel]

Is the following chart correct to consider for swing trading...

sorry for bothering you again...

 

[rajputz]

Is the following chart correct to consider for swing trading...

I am already long on SBIN. But its just not moving and breaking its range. Tomorrow or day after can be the day.

For now i purchased Unitec at 1.65 1 Lot - For target 67. lets c how the first day goes after so many days.

The sheet is : -

http://www.editgrid.com/user/rajputz/Trade_History

Just for the information. ICICIBANK and NIFTY Future has generated buy today on daily basis. I am already long on call of icicibank 1150 at 17 currently at 20

 

[rajeabc]

rohit (Sorry If I am wrong)
SO now you are free ? how did you exam go ?

 

[rajputz]

rohit (Sorry If I am wrong)
SO now you are free ? how did you exam go ?

Thanks rajeabc

Well Accounting didnt go as expected. Rest were fine. Lets c what the result in the end. Already thought of some improvement tests to be given in next semester. Some exams were tough and percentage deteriorating for will try to fill improvement form for them.

 

[rajeabc]

Thanks rajeabc

Well Accounting didnt go as expected. Rest were fine. Lets c what the result in the end. Already thought of some improvement tests to be given in next semester. Some exams were tough and percentage deteriorating for will try to fill improvement form for them.

you will be fine. just keep focus on what you want to do after your course.
If you planning to land up in Fin Industries then you may have to be proactive..
Good luck