Thoughts on Day/Swing Trading

[EagleOne]

A drop of ocean is the OCEAN, Raghav.
You carry on with your 'dharma'. That is all there is to it.

Keep up the good work.

 

[krish4166]

raghavacc, you have not made a big story out of my small query. yourself and ST have supported me UNSELFISHELY. Both of you are good mentors in my path.
" Learning is the beginning of wealth. Learning is the beginning of health. Learning is the beginning of spirituality. Searching and learning is where the miracle process all begins."

 

[krish4166]

There are plenty of people doing it for money.How effectively they are doing it I really don't know.
Regards
Raghav

Do what you know.Know what you do.
Reply With Quote
So called experts who comes on channels, technical analysts, tips providers , vendors system sellers, they talk as their prdcts are only way to earn money and following their systems accordingly and if any losses as per their system for one year and above and if you question them they are not bothered to answer. They are only interested in your money money moeny and that amount whether you might might have earned very very ethically, they are not bothered, they worst than any terrorisst in the world, they loot you and your peace. COMPARED TO ALL THOSE WORST TERRORIST, RAGHAVACC,ST, PRIDE,AND COLUMBUS ARE DOING GOOD ONE.

 

[krish4166]

TRADERJI,
you have done a good job of bringing this forum to public.
I thank thank thank you for this.
ST, plz dont mistake me for posting here as I do not know the owner of this forum and where to post this one.

 

[SexyTrader]

I agree to most of the stuff stated by ST and Raghav...

But just my curiosity on the actual topic:

Scalping as I know is very stressful...isnt it ? I mean, is all that effort and hard labor worth the money it brings over normal intra-day trades ?

How much does a good scalper make over normal intra-day trades ? I'm curious to know coz given the experience of scalping, giving more than 100% effort into the trades and straining your neck and back to get profits, how can that be comfortable ?

 

[Smart_trade]

I agree to most of the stuff stated by ST and Raghav...

But just my curiosity on the actual topic:

Scalping as I know is very stressful...isnt it ? I mean, is all that effort and hard labor worth the money it brings over normal intra-day trades ?

How much does a good scalper make over normal intra-day trades ? I'm curious to know coz given the experience of scalping, giving more than 100% effort into the trades and straining your neck and back to get profits, how can that be comfortable ?

Scalping is a style of trading like day trading,swing trading etc and it really depends on one's mindset if one is suitable for this kind of trading. There are few very successful scalpers like there are successful day traders and swing traders.

Any type of trading is not stressful if one knows how to do it, has liking for it and knows how to get out of bad trades which invariably come in to you no matter what method/analysis one uses....

How much does a successful scalper makes depends on how hard he works,what is his capital and risk tolerance and we cannot have a general answer which will cover all scalpers. But I have known scalpers making 4-5 % of their trading capital in a good day....

Scalping requires continuous monitoring of the market so it is a bit tiring physically and mentally ...but some people find it extremely satisfying and rewarding....

I do few scalp trades in a day but I am not a scalper who is continuously scalping the markets. I find day trading suits my mental set up better....but some extra money by scalping as always welcome particularly when my day trade is in comfort zone....

Smart_trade

 

[SexyTrader]

Scalping is a style of trading like day trading,swing trading etc and it really depends on one's mindset if one is suitable for this kind of trading. There are few very successful scalpers like there are successful day traders and swing traders.

Any type of trading is not stressful if one knows how to do it, has liking for it and knows how to get out of bad trades which invariably come in to you no matter what method/analysis one uses....

How much does a successful scalper makes depends on how hard he works,what is his capital and risk tolerance and we cannot have a general answer which will cover all scalpers. But I have known scalpers making 4-5 % of their trading capital in a good day....

Scalping requires continuous monitoring of the market so it is a bit tiring physically and mentally ...but some people find it extremely satisfying and rewarding....

I do few scalp trades in a day but I am not a scalper who is continuously scalping the markets. I find day trading suits my mental set up better....but some extra money by scalping as always welcome particularly when my day trade is in comfort zone....

Smart_trade

Given what you have stated about scalping, it sounds like a lot of hard work

For a few lakhs more or less, breaking backs and necks is not so much fun right ?

But I admire your ability to do all of that.... It works for you coz you are so good with the TA and FA...

Scalping on sole instinct as I do my intra-day trades...may not work for me as I realize

My simple form of understanding Scalping is "churning the milk and having malai time-to-time right" ? I like malai but continuous churning can be painful

Thanks for the info...I learnt something new!

 

[krish4166]

Given what you have stated about scalping, it sounds like a lot of hard work

For a few lakhs more or less, breaking backs and necks is not so much fun right ?

But I admire your ability to do all of that.... It works for you coz you are so good with the TA and FA...

Scalping on sole instinct as I do my intra-day trades...may not work for me as I realize

My simple form of understanding Scalping is "churning the milk and having malai time-to-time right" ? I like malai but continuous churning can be painful

Thanks for the info...I learnt something new!

Sexy trader,
Yes, as you have mentioned For a few lakhs more or less, breaking backs and necks is not so much fun right ?
Here in forum with seniors help they can advice us to trade with lot of fun.
To come out of stress without breaking backs and necks.

 

[Smart_trade]

Sexy trader,
Yes, as you have mentioned For a few lakhs more or less, breaking backs and necks is not so much fun right ?
Here in forum with seniors help they can advice us to trade with lot of fun.
To come out of stress without breaking backs and necks.

Yes Krish...you can have fun and get paid too in trading.....Keep an aim to achieve that stage when trading is no longer tension/friction/agony/stress...but it is fun and enjoyment like you have when you play your favourite game....

Smart_trade

 

[Smart_trade]

Inside Story

The trading idea which I am sharing this week is a very powerful idea and I have used this idea to book profits and initiate new positions. As Nifty futures gave examples of both long and short on the same day ....ie on Friday 17-JUN-2011 , I thought of sharing the same with you.

Price Action study is nothing but study of price bars to judge the strength of bulls and bears and many times the price bars reveal the "Inside Story" of the fight between bulls and bears. As traders we just have to read these signals in time and join the dominant or more powerful group,bulls or bears....

The chart posted is 5 min Nifty Futures chart of 17-JUN-2011. The market has been trending down and look at the price action in the bottom circle. You see 3 skinny and leggy bars with long legs . What does this mean ? It means that the market is attracting buyers at lower levels and the prices snap back.....and bears are unable to press the market further down.Now see the bar marked as A in that circle....it is a bearish bar which closed into the wicks of earlier bars but a clear down close bar....this is the last attempt of the bears to pin the prices down...and the next bar bounces back and proves that bears got exhausted......once we broke the high of the bar A ...we knew that the short term bottom has been in place.

Look at the top circle......the bar preceeding the bar marked as B is an inverted hammer with a long tail......it is something like a 60 Kg weightlifter lifting 150 Kg weight and suddenly dropping it.....the bar marked as B is a bullish bar which has its high lower than the earlier bar and is a last attempt of the bulls to once again lift the weight....and once low of the bar B was cracked we knew that the bulls gave up.......

These are trading ideas and not proper trading methods/systems.....but they can be incorporated in your existing trading methods to give you an edge in the market.

Smart_trade