Nifty Futures Trading

kapil123 · #**11281** 14th August 2008, 04:23 PM

Quote:

Originally Posted by rishig38

I'll do that..ill position my trailing stop losses..but what about putting in trailing stop losses and adding new positions? How does that work? When to decide we can enter in some position and where should the stop loss be for that?

For example, I might have opened up a short from 4624 and putting in trailing stop losses, but when I added new short at 4439 (when should I have entered?), where should I place my stop loss? I might be making money on my opening position of 4624 but losing more money on my new position at 4439. This is something that I am still learning and would need some help with.

Adding to the winning trades is a good strategy. But addition to the position should be done at a logical level/trigger e.g break of a particular important level. Further additions to the position will also depend on your Risk Profile. Be sure not to overtrade, as overtrading can certainly be bad for trading.

As for the stop loss, I think there would same stop loss for the entire position. Now, you need to keep trailing this SL according to the strategy adopted and the time frame.

Cheers,
Kapil

rajaram.dilipkumar · #**11282** 14th August 2008, 04:49 PM

Quote:

Originally Posted by rishig38

i am definitely with the trend but everyone always suggests that either I should book partial profits (which Ive been doing so far or risk loosing all your profits) and at the same time put in appropriate stop losses...

Now I am thinking of stop booking profits and just keep moving stop losses to appropriate intervals..is that better than booking small profits?

rishi,when everyone told you were wrong you held on to your shorts and look who is right today .....yes you have to put stops but do what you are comfortable doing... most of them in this thread are scalpers (those who play with 10-20 pts) hence their attitude towards trading may not necessarily work for you ......as i understand you are a position trader and any kind of trader needs these kind of large profits to offset inevitable losses .so far you have done everything right
1.you have added more to a winning position while most of us here are no.1 in taking whatever profits we get..
2.you have so far stayed with your winning position while most of us would have entared,exited,entared.......a 100 times..thereby making our brokers also rich.
3.you are not thinking about taking profits on a trailing basis which again is the way to trade .... we should only take profits when the trend has changed (imagine if this trend ends at 4200 and you have booked out at 4400 you will have no one else to blame but yourself...it might go to 4500 also but the question is did we give ourselves the best chance to make maximum out of the trend)
Now back to monday morning , if the market gaps up dont think that others were right, as there will always be a "i told u before" gang(iam also part of that gang

) everywhere...

tinchu76 · #**11283** 14th August 2008, 04:56 PM

Are we off for Tomorrow??

rishig38 · #**11284** 14th August 2008, 05:00 PM

Quote:

Originally Posted by tinchu76

Are we off for Tomorrow??

yes, tomorrow is 15th August. And then sat and sunday are off as well. So Monday we might have a big move one way or the another..

rishig38 · #**11285** 14th August 2008, 05:02 PM

Quote:

Originally Posted by rajaram.dilipkumar

rishi,when everyone told you were wrong you held on to your shorts and look who is right today .....yes you have to put stops but do what you are comfortable doing... most of them in this thread are scalpers (those who play with 10-20 pts) hence their attitude towards trading may not necessarily work for you ......as i understand you are a position trader and any kind of trader needs these kind of large profits to offset inevitable losses .so far you have done everything right

Is there a thread here on this forum that is focused towards positional trading rather than day trading? I think I might fit in there better

rajaram.dilipkumar · #**11286** 14th August 2008, 05:09 PM

Quote:

Originally Posted by rishig38

Is there a thread here on this forum that is focused towards positional trading rather than day trading? I think I might fit in there better

dont worry , u are with good company here ...though many here trade options for positional play rather than futures...

kapil123 · #**11287** 14th August 2008, 05:15 PM

Quote:

Originally Posted by rishig38

Is there a thread here on this forum that is focused towards positional trading rather than day trading? I think I might fit in there better

Yes Rishi, Going with the 60 min flow, and Nifty Futures Mechanical Trading are two such threads.

rishig38 · #**11288** 14th August 2008, 05:15 PM

Quote:

Originally Posted by rajaram.dilipkumar

dont worry , u are with good company here ...though many here trade options for positional play rather than futures...

I am not familiar with Options trading at all..maybe a quick tutorial somewhere?..

praveen taneja · #**11289** 14th August 2008, 05:16 PM

Quote:

Originally Posted by rajaram.dilipkumar

dont worry , u are with good company here ...though many here trade options for positional play rather than futures...

yes sir raja ji is right many do intra in nifty n take options for hedging i know now some ppl here

SamFisher · #**11290** 14th August 2008, 05:18 PM

Quote:

Originally Posted by rajaram.dilipkumar

rishi,when everyone told you were wrong you held on to your shorts and look who is right today .....yes you have to put stops but do what you are comfortable doing... most of them in this thread are scalpers (those who play with 10-20 pts) hence their attitude towards trading may not necessarily work for you ......as i understand you are a position trader and any kind of trader needs these kind of large profits to offset inevitable losses .so far you have done everything right
1.you have added more to a winning position while most of us here are no.1 in taking whatever profits we get..
2.you have so far stayed with your winning position while most of us would have entared,exited,entared.......a 100 times..thereby making our brokers also rich.
3.you are not thinking about taking profits on a trailing basis which again is the way to trade .... we should only take profits when the trend has changed (imagine if this trend ends at 4200 and you have booked out at 4400 you will have no one else to blame but yourself...it might go to 4500 also but the question is did we give ourselves the best chance to make maximum out of the trend)
Now back to monday morning , if the market gaps up dont think that others were right, as there will always be a "i told u before" gang(iam also part of that gang

) everywhere...

I agree with you rajaram 100%. Positional traders should not get carried away with the messages posted on anywhere but just follow their logic. I remember yesterday (13th) 'someone' here was advicing so strongly to go LONG as opposed someones elses currently held SHORT position. I'm sure his advice proved wrong today. I also remember one of the trader here Squared off his short position based on that advice.

Also It would be better if anyone posting a trade BEGIN on a thread to promptly also post a CLOSE to the trade referring to his original post. So that anyone following that LEAD would understand what happened or when to close that trade. There is no point in just posting ONLY WINNING TRADES.

Just my observations.

The Following User Says Thank You to kapil123 For This Useful Post:
praveen taneja (14th August 2008)

The Following 6 Users Say Thank You to rajaram.dilipkumar For This Useful Post:
bbrahma (14th August 2008), columbus (14th August 2008), prabhjeetrana (14th August 2008), praveen taneja (14th August 2008), rishig38 (14th August 2008), uasish (15th August 2008)

The Following User Says Thank You to kapil123 For This Useful Post:
rishig38 (14th August 2008)