Trading Stock Futures for the day

Cubt

Algo Trader
Biocon and SSLT has given breakout with high volumes after a period of consolidation at support level of 420 and 180 levels respectively.
Expecting the upmove to continue in coming days if no bad news hit the market. I entered long on both the stocks today. Only worry is Bank Nifty not supporting the upmove.
 

Gandhar.

Well-Known Member
Biocon and SSLT has given breakout with high volumes after a period of consolidation at support level of 420 and 180 levels respectively.
Expecting the upmove to continue in coming days if no bad news hit the market. I entered long on both the stocks today. Only worry is Bank Nifty not supporting the upmove.
still holding tatapower? its started to move up after forming good base around 71-72 :thumb:
 

Gandhar.

Well-Known Member
No patience :( exited early
hmmm ok
if you carry futures overnight do u hedge that position? if yes how?
selling options in same direction or buying options of opposite direction
auro gave good results looks like its set for another big upmove if mkt does not give any sharp correction
 
Trading in many stocks I called it.....THRILLS...............So always remember Thrills kills!!!!:thumb:
 

Gandhar.

Well-Known Member
Trading in many stocks I called it.....THRILLS...............So always remember Thrills kills!!!!:thumb:

:D
never chase 2 rabbits :)
the problem is about controlling the young boiling blood...
any solution to get rid of it would be good may be meditation or yoga will work anything other? :)
 

Cubt

Algo Trader
hmmm ok
if you carry futures overnight do u hedge that position? if yes how?
selling options in same direction or buying options of opposite direction
auro gave good results looks like its set for another big upmove if mkt does not give any sharp correction
I never ever hedge my over night position, when you analyze n enter into a position you are clear about its direction n know when to exit if trade doesn't move in ur expected direction.

But when you hedge, u limit ur profits when u r right. Hedging works only during uncertainties. Cases like Ranbaxy bad news, big gap down next day, all these always happens when u trade with stock futures. That's the risk with stock futures but it doesnt happen every now and then.
But gap down n gap ups, always happen every now n then with index futures due to global events, that is why I fuqin hate NIFTY.

Yes, Auro is in big bull market I guess, every drop is a big buying opportunity, even the fundamental supports the price thats why it is not cracking easily. Its hard to find such trending stocks, even if we find one its rare tat we find it in FnO.

Luckily Auropharma is in FnO, its an golden egg. But retail investors like us, how many of us have guts to hold onto this stock? I have entered at 270, 360, 400 but never carried forward more than 2 days.
Its always easy to enter but really fuqin hard to exit a profitable position, but once u learn how to do that.... Man.. thats it. You're next Jesse Livermore :)