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  #8831  
Old 23rd July 2008, 03:26 PM
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Default Re: Nifty Futures Trading

Hi ,

I made about 350 points in last 3 weeks and lost all of them in my last one trade....
I am doing all my tades on paper and I do paper trading with same passion as I will do real trading...

The most important thing now for me going fwd before I do paper trading is set down rules for myself which I wont break at any COST!!..After this again I will do paper trading..But do not mind if I post here that I am long or Short although I will be trading on paper..

I will update my rules here once I write them out...I thank each and every one on tradrji specially Saint,Sudoku,Savany and Ashisda) from whose threads I have learnt a lot...Keep Walking!!!


I will get to real trading only if i adhere to these rules consistently on paper .It is my attitude which is dynaic and thats causing problems for me while trading...Next time I will think on 100 parameters before I trade....Trading is helping be grow as a person also and thas why I enjoy trading..I am in to a diff profession and love trading!!!

Thanks All once again!!

Regards
Lalith
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  #8832  
Old 23rd July 2008, 03:29 PM
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Default Re: Nifty Futures Trading

yes, but if it's a 4500 PUT, then till expiry, chances are less of SPOT closing above 4500...

just will have to stomach the risks of few intermediate days of UPs...

watch out for 4535 SPOT
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  #8833  
Old 23rd July 2008, 03:34 PM
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Default Re: Nifty Futures Trading

Ahh 4507 did not cross. Good or Bad!?!?!?
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  #8834  
Old 23rd July 2008, 03:36 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
yes, but if it's a 4500 PUT, then till expiry, chances are less of SPOT closing above 4500...

just will have to stomach the risks of few intermediate days of UPs...

watch out for 4535 SPOT
Yes . 4535 being the resiatnce on weekly pivots . And 4510 -4550 is the gap of island reversal on 19/06/2008 .

Naresh
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  #8835  
Old 23rd July 2008, 03:36 PM
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Default Re: Nifty Futures Trading

buy Puts when mkts is at a High and indicators showing weakness. But all are currently pointing upwards(or showing recovery) and as someone mentioned, you "might" get lucky i.e if mkt ends below 4500 on expiry but do this only if u can bear the mental tension when mkt goes against ur wish.
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  #8836  
Old 23rd July 2008, 03:41 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by lalpar View Post
Hi ,

I made about 350 points in last 3 weeks and lost all of them in my last one trade....
I am doing all my tades on paper and I do paper trading with same passion as I will do real trading...

The most important thing now for me going fwd before I do paper trading is set down rules for myself which I wont break at any COST!!..After this again I will do paper trading..But do not mind if I post here that I am long or Short although I will be trading on paper..

I will update my rules here once I write them out...I thank each and every one on tradrji specially Saint,Sudoku,Savany and Ashisda) from whose threads I have learnt a lot...Keep Walking!!!


I will get to real trading only if i adhere to these rules consistently on paper .It is my attitude which is dynaic and thats causing problems for me while trading...Next time I will think on 100 parameters before I trade....Trading is helping be grow as a person also and thas why I enjoy trading..I am in to a diff profession and love trading!!!

Thanks All once again!!

Regards
Lalith

Lalith, just remember two things:

1. MARKET IS ALWAYS THE KING... REMOVE "I" or "ME" or "MY" from trading. If you have been proved wrong by the market, then (as u say) keep walking... tomorrow is a new day

2. ALWAYS DECIDE A SENSIBLE STOP PROFIT OR STOP LOSS BEFORE TAKING A POSTION AND RESPECT IT, NO MATTER WHAT...



i am quite junior to you, and our trading style somewhat matches (as i had discussed in my earlier pos with you)...
But i would like to guide your attention towards a thread on "Mechanical Trading" by Vinod Nadoda... it's perfect for positional traders (less trades, more points) with defined entry & Stop Loss / Stop profit points, (but without part-profit booking points - that is left to your judgement)
Visit it & try it with Options atleast...
(i had also begun with this, and still sometimes trade accordingly)

traderji . com/futures/16351-nifty-futures-mechanical-trading.html
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  #8837  
Old 23rd July 2008, 03:45 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by nareshch View Post
Yes . 4535 being the resiatnce on weekly pivots . And 4510 -4550 is the gap of island reversal on 19/06/2008 .

Naresh
so what if an island reversal get island reversed once more
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  #8838  
Old 23rd July 2008, 03:48 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
Lalith, just remember two things:

1. MARKET IS ALWAYS THE KING... REMOVE "I" or "ME" or "MY" from trading. If you have been proved wrong by the market, then (as u say) keep walking... tomorrow is a new day

2. ALWAYS DECIDE A SENSIBLE STOP PROFIT OR STOP LOSS BEFORE TAKING A POSTION AND RESPECT IT, NO MATTER WHAT...



i am quite junior to you, and our trading style somewhat matches (as i had discussed in my earlier pos with you)...
But i would like to guide your attention towards a thread on "Mechanical Trading" by Vinod Nadoda... it's perfect for positional traders (less trades, more points) with defined entry & Stop Loss / Stop profit points, (but without part-profit booking points - that is left to your judgement)
Visit it & try it with Options atleast...
(i had also begun with this, and still sometimes trade accordingly)

traderji . com/futures/16351-nifty-futures-mechanical-trading.html
Hi Sunil,

Thanks ...I have been referring to that thread and infact I am more inclined to be a positional trader rather than taking intrady positions because I am not a Trader by profession..I can be at terminal from 10 to 3 30 but I am in to a diff profession....

Options:Quite frankly speaking I dont undertsnad options at all....Can you provide me with a good link on options....

Thanks once again..

Regards
Lalith
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  #8839  
Old 23rd July 2008, 04:00 PM
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Default Re: Nifty Futures Trading

BEAR SCARE:

1. Refer to the EOD chart of SPOT with Bar/candlestick as charting style
2. Join the peaks (HOD) of 9 Jan, 2 May, 16 May....
3. This is a downward sloping line, and today's HOD as somewhat touched it
4. SPOT has reacted sharply downwards after touching this line...

i would like comments from other members. as I am not a proper TA...
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  #8840  
Old 23rd July 2008, 04:12 PM
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Default Re: Nifty Futures Trading

Lalith,

tell me your email id (or PM me) and i'll send one OPTIONS A to Z file,.. read it over the weekend.
it has basics + advanced strategies which you can use to gain on both upside & downside, with limited risk..

BUT, knowing the liqudity of stocks, try these strategies only on NIFTY...
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