Trading Stock Futures for the day

Cubt

Algo Trader
Hi
Thanks for ur posts & congratulations on ur trades success..
please keep posting ur trades &charts..it will be good for learning purposes..
If I am right, u use only support & resistance for trades..could u please tell the setup,entry,exit rules & sl rules, if possible for u..
thanks
thats right, i use only support & resistance level for my trades. I do not use any other indicators. I always keep a thumb rule not to Short at support & not to buy at resistance. But sometimes due to emotional factor i do make mistake of just doing exactly the opposite trades.

I follow list of few momentum stocks like auropharma, tatasteel, arvind etc.

whenever these stocks trade near their support level i just buy and keep days low as stop loss, if the stop loss is hit , i reverse my positions and go short.

same for short trades, i short at resistance level and sometimes if the stock breaks that resistance and hit my stop loss, i reverse my position and go long. Whenever the momentum stocks gives a breakout, it will be really huge and we need to make use of that.

I keep trailing my stop loss with 5 mins S/R level and exit based on my TSL.
 

Gandhar.

Well-Known Member
thats right, i use only support & resistance level for my trades. I do not use any other indicators. I always keep a thumb rule not to Short at support & not to buy at resistance. But sometimes due to emotional factor i do make mistake of just doing exactly the opposite trades.

I follow list of few momentum stocks like auropharma, tatasteel, arvind etc.

whenever these stocks trade near their support level i just buy and keep days low as stop loss, if the stop loss is hit , i reverse my positions and go short.

same for short trades, i short at resistance level and sometimes if the stock breaks that resistance and hit my stop loss, i reverse my position and go long. Whenever the momentum stocks gives a breakout, it will be really huge and we need to make use of that.

I keep trailing my stop loss with 5 mins S/R level and exit based on my TSL.
do you have some criteria for selecting stocks ?
or follow a group of stocks ?
 

Cubt

Algo Trader
Even today I made 25k with Arvind n Auropharma.



Arvind I entered at days high of 142 @ 9.40 wit days low of 139 as stop loss. Exited at 147.



I was down -15k at one point of time but reversed my position from short to long in auropharma at the right time. Which resulted in net gain of 25k. Will post my chart later
 

Gandhar.

Well-Known Member
Even today I made 25k with Arvind n Auropharma.



Arvind I entered at days high of 142 @ 9.40 wit days low of 139 as stop loss. Exited at 147.



I was down -15k at one point of time but reversed my position from short to long in auropharma at the right time. Which resulted in net gain of 25k. Will post my chart later


excellent bro waiting for ur charts
i too made 3.5k today combined in OBC and BNF :D
 

Biswajit Das

Well-Known Member
Even today I made 25k with Arvind n Auropharma.



Arvind I entered at days high of 142 @ 9.40 wit days low of 139 as stop loss. Exited at 147.



I was down -15k at one point of time but reversed my position from short to long in auropharma at the right time. Which resulted in net gain of 25k. Will post my chart later
but still u have to post ur chart.....actually I was waiting to see ur chart how u done ur trade today.....this may help us our trading skill.....