Nifty 2 Points - How to trade
Is your betting acc several times bigger than 200-500 lots ? If not, you may be over risking your betting account, an occasional drawdown will completely ruin this set up, if you are betting 100% of your account money (If you are trying to do this in options, forget that! or still better teach me!) despite your SL risk management.
Whatever you do, don't start with fully leveraging your account, that's sure fire way to ruins!
start small, if you find the strategy working then add volume ! 300-500 lot size is drop in the ocean, it can't move markets!
Whatever you do, don't start with fully leveraging your account, that's sure fire way to ruins!
start small, if you find the strategy working then add volume ! 300-500 lot size is drop in the ocean, it can't move markets!
I got your point. You put a buy order at 5010. Lets assume it gets filled at 200 lots. And you have a sell order at 5011. Now lets assume it moves up to 5010.5 and then something happens because of which market falls by 10 points. What then?
Trading without stop loss is like suicide my friend. Please be careful. All traders do have such plans of trading in 1000 Nifty and getting just 1 point. But it never happens like that. Remember that more than 80% of all traders fail. Please remember 2 or 3 consecutive losses will create a terrible psychological impact. I strongly suggest you try it in paper trading for atleast 15 days and then see for yourself.
Trading without stop loss is like suicide my friend. Please be careful. All traders do have such plans of trading in 1000 Nifty and getting just 1 point. But it never happens like that. Remember that more than 80% of all traders fail. Please remember 2 or 3 consecutive losses will create a terrible psychological impact. I strongly suggest you try it in paper trading for atleast 15 days and then see for yourself.
Someone mentioned "Not Possible at all"
It would be nice to provide some reasoning , as honestly I would like to understand why.
Any other inputs on how / whether / why not to "mini scalp"
Can someone please tell with surety how the SL-L works.
If present market is at 5000 , I place a buy order for 5010 , and sell order 5011 both simultaneously at present. Assuming market does head upwards to 5020 - or whatever more. Will they not get executed flawlessly ? Or is it possible that someone randomly places a sell order at a higher price and my order matches it despite the overall market not being at that point yet ?
And if 300 - 400 lots is a drop in the ocean , then I shouldnt be concerned that the market may quickly head upwards and my order may not get fulfilled despite it crossing the point. That is , the movement may take it to 5020 quickly and my buy order at 5010 will be left unfulfilled as the movement was too soon.
It would be nice to provide some reasoning , as honestly I would like to understand why.
Any other inputs on how / whether / why not to "mini scalp"
Can someone please tell with surety how the SL-L works.
If present market is at 5000 , I place a buy order for 5010 , and sell order 5011 both simultaneously at present. Assuming market does head upwards to 5020 - or whatever more. Will they not get executed flawlessly ? Or is it possible that someone randomly places a sell order at a higher price and my order matches it despite the overall market not being at that point yet ?
And if 300 - 400 lots is a drop in the ocean , then I shouldnt be concerned that the market may quickly head upwards and my order may not get fulfilled despite it crossing the point. That is , the movement may take it to 5020 quickly and my buy order at 5010 will be left unfulfilled as the movement was too soon.
So, you are dividing your capital in 2 parts, right ? Half of your money is blocked for the "buy" order, and half for "sell" order. Fine. That is very much likely to get you your 1 point for HALF, and then you will need another similar trade to make 1 point for the whole.
You will only face problems if the index reverses between your buy and sell prices.
What is your breakeven in banknifty ?? It is much faster moving and the chances of scalping 1-2 points better than in nifty.
You will only face problems if the index reverses between your buy and sell prices.
What is your breakeven in banknifty ?? It is much faster moving and the chances of scalping 1-2 points better than in nifty.
The problem here is if u place a buy stop order at market it can be filled at any price above trigger so the sell cannot be placed simultaneously.
A limit buy stop may not be filled at all if the limit price is gapped...so there
Another problem would be u would need to put up margin to short sell options without a buy in place.
rework a little cheers
A limit buy stop may not be filled at all if the limit price is gapped...so there
Another problem would be u would need to put up margin to short sell options without a buy in place.
rework a little
cheers
Last edited:
very simple put a sl at 4 points.(2 points in option)
stop if u r winner the first time.
if looser then play until u r winner 2 point overall.
i.e if first looser then needs 3 wins to call it a day.
if first two are looser then needs 5 wins to call it a day and so on....
easy peasy
stop if u r winner the first time.
if looser then play until u r winner 2 point overall.
i.e if first looser then needs 3 wins to call it a day.
if first two are looser then needs 5 wins to call it a day and so on....
easy peasy
The allure of 2 points a day bites almost all day traders at one point or the other
It has to be addressed
Usually by making a substantial donation to the market Gods.
It has to be addressed
Usually by making a substantial donation to the market Gods.
Of Course there are some considerations - thats why there are these forums to discuss and be cautioned. It would be pleasant if you would support in not making the donation.
Most others in the forum , have considered only 5 - 7 points , thats why thought that 1 - 2 point may be achievable , Zerodha has come in the last couple of years , this may not have been possible without it.
What would be helpful is some experience to highlight how and when to enter the trade.
Similar threads
-
21500 points in banknifty spot in 13 months, will this survive post charges and slippage
- Started by Utkarsh Gupta007
- Replies: 1
-
Entry & Exit points for NiftyBEES - should I plot the NiftyBEES data or the Nifty Index data
- Started by VijayShetty
- Replies: 1
-
Trading Nifty futures for a target of 200 points per trade
- Started by kirankamuju
- Replies: 8
-
-
5Hardsell Pattern:Grab +500 points of nifty in one trade
- Started by grossivecapital
- Replies: 38