The Nifty Trading Lounge

[Taurus1]

Nifty minor high on Aug 7th, ±1

Slight down to sideways expected.

EPFO enters Dalal Street, plans to hike investments further
http://zeenews.india.com/business/n...plans-to-hike-investments-further_133224.html

There is an intermediate top on the 9th, ±2 for the Dax, Spx, Cac and Ftse.

Gold is at a 4 year low with a guaranteed unbreakable support at $0 ..... the only 2 left in this giant Ponzi are gold and silver, as the Central banks keep printing trillions more to save their fat a$$e$.

China has spent $147 billion to prop up stocks: Goldman Sachs

http://economictimes.indiatimes.com...stocks-goldman-sachs/articleshow/48376187.cms
Wots that?....... free markets? Never heard of any such thing....

Iamhousefulltatamotorscalls........

 

[Taurus1]

China Plunges 13% Since July Despite The Following 24 Market Manipulation Measures
http://www.zerohedge.com/news/2015-...ite-following-24-market-manipulation-measures

Since July 1st, China has unleashed at least 24 separate "measures" aimed purely and simpy at manipulating the stock market higher than prevailing market forces would warrant.

And the result is...

The Nikkei is just about managing to hang on despite pouring the entire equivalent of the Japanese provident and pension funds in. If any cracks develop, I wouldn't bet on the chances of Abe getting re elected ........... ever.

Minor low on Aug 11th, ±1

 

[Taurus1]

Today, I'm going to office after 12

My call postion is still in place

I bought a few September calls, stop at 8495 S.

Minor low on Aug 11th, ±1

The low is in

the next high is on Aug 20th, ±1

 

[Taurus1]

As usual. when everything is going normally, somebody has to come along and stir things up.

China Currency War Contagion Spills Out, Leads To Global FX Heatmap Bloodbath, PBOC Intervention
http://www.zerohedge.com/news/2015-...-leads-global-fx-heatmap-bloodbath-pboc-inter

Global Markets Turmoil After China Extends Currency War To 2nd Day - Devalues Yuan To 4 Year Lows
http://www.zerohedge.com/news/2015-...-hits-2-year-high-after-china-devalues-curren

The reversal date of Aug 11th, has been "extended", courtesy the yuan devaluation. Possible bounce by the 14th.

Reminder to bbuulllssss, the May 22nd bar, holds the key.

If there is no gap down, I will buy calls at the open, stop at 8315 s

 

[Taurus1]

It looks like the lot size increase is going to be implemented

Increase in futures lot size may shut out retail investors
http://economictimes.indiatimes.com...out-retail-investors/articleshow/48430033.cms

The real reason for this action is hidden, but lets go with their theory of protecting small investors and see what happens.......

To protect small investors from high-risk products, market regulator Sebi had increased the minimum investment size for equity derivative products to .`5 lakh

The difference between futures and equity is the leverage and time limit.......

If the stock is going down, holders of both futures and equity are losing....... therefore according to said logic, small investors must be prevented from buying equity.

Or, is there a difference between losing in futures and losing in equity?

History has shown.........
paan masala causes cancer = paan masala ban
Liquor causes social problems = liquor ban
lead in noodles = noodles ban
stock market investors lose money = ????? ban


Posted on 11th Aug

the next high is on Aug 20th, ±1

There is a small change, the high is on Aug 21st, ±1

 

[TradeJoker]

Or, is there a difference between losing in futures and losing in equity? :confus:

Data shows Only 5% derivative traders survive

 

[Taurus1]

Data shows Only 5% derivative traders survive

5% of daytraders make money. The time frame makes all the difference.
The statistic on how many equity traders make money will never be published because the lie must continue to be told.

IMO there is no difference between futures and equity traders, both are in the same boat.

I have friends who only trade through futures, they don't mind paying the margin month after month if it keeps going down. In rupee terms their profit and loss is the same as the equity trader given the same entry and exit. :lol:
They make lakhs in a day and loose the same way.

I'm least interested in debating the matter....... anyone who thinks that equity trading is better ...... then you must jump in and find out the hard way..... after all it is your money.

 

[Dax Devil]

5% of daytraders make money. The time frame makes all the difference.

100% agree. TF makes all the difference.

The statistic on how many equity traders make money will never be published because the lie must continue to be told.

IMO there is no difference between futures and equity traders, both are in the same boat.

IMO similarity between trading futures and cash segment ends if the TF elongates beyond intraday TFs. They go poles apart infact as equity trading on higher TF will have only one option - to go long. Not to mention extra cost on delivery due to 10 times more STT, 15% CG tax if in profit, and no leverage - your own money in full gets tied up. Minnows are destined to get screwed, be it in sea or on land.

I have friends who only trade through futures, they don't mind paying the margin month after month if it keeps going down. In rupee terms their profit and loss is the same as the equity trader given the same entry and exit. :lol:
They make lakhs in a day and loose the same way.

I'm least interested in debating the matter....... anyone who thinks that equity trading is better ...... then you must jump in and find out the hard way..... after all it is your money.

..............................

 

[TradeJoker]

5% of daytraders make money. The time frame makes all the difference.
The statistic on how many equity traders make money will never be published because the lie must continue to be told.

IMO there is no difference between futures and equity traders, both are in the same boat.

I have friends who only trade through futures, they don't mind paying the margin month after month if it keeps going down. In rupee terms their profit and loss is the same as the equity trader given the same entry and exit. :lol:
They make lakhs in a day and loose the same way.

I'm least interested in debating the matter....... anyone who thinks that equity trading is better ...... then you must jump in and find out the hard way..... after all it is your money.

Few Indian investors with declaired asset above 100 CR
Just imagine if they were day traders :rofl:

Jhunjhunwala
Chandrakant Sampat,
Sanjay Bakshi
Raamdeo Agrawal
havook Tripathi,
Dolly Khanna (Rajeev),
Vijay Kedia
Prof Manekekar
Radha Kishan Damani

 

[Taurus1]

Reminder to bbuulllssss, the May 22nd bar, holds the key.

This bar is a minor high, but think of it as the lowest low of this year to understand it's significance.

Get ready, 2 WRBs are in the pipeline........