Methods of an unprofessional Futures trader.

rohitsx

Active Member
#1
Hello everybody,

This is my first attempt at trading live a/c, which is actually my dad,s a/c .
I hope to trade and learn the craft .

Its already late now ,feeling sleepy ,i will post my methods later.

Good night.:)
 

rohitsx

Active Member
#2
Some Rules of the Method

1)This method is applied currently on stock futures and index futures.
2)A position in a portfolio of stock is taken simultaneously but exited individually.
3)Initial position will be 1 unit, unit 2 ,3 are added later .
4)The core principle behind the trades is world and local macro and micro data(fundamentals)
5)Trades could last from 10 to 20 days.
6)Dont expect more than 10-15 trades in a year.

Late again..good night.
 

rohitsx

Active Member
#3
First Pick under this strategy:

BHARTI AIRTEL

Price action suggests that there is some informed accumulation going on in this counter.
From past few days the stock is making a base for the next leg of the rally.
There is a target of 400 on this counter .
Only positional futures traders with enough patience to hold position for a month and not get get carried away by M2M profits need to take position here, and also be prepared to pyramid at every 30 point rise.
This is only a trade alert, the trigger to go long will be posted here live
 

rohitsx

Active Member
#4
Was just reading an article about why there are so many loosers in the world of trading.
The article says 90 %(unverified figure) of the traders lose money . There are many reasons which is in a way hard to believe to even a guy who continously looses in the market, some of the reasons i am discussing below :
1) traders are egoiastic people, they think they can see into the future , wheras the fact is that no body has that vision to see tomorrow.
2) ED seykota famously said that eveybody gets what they want, loosers want to loose money in the markets, hance they win by loosing money. For a looser this is difficult to accept, but the fact is deep inside he doesnt want to win in the first place.
3)People tend to loose all rationality when it comes to money, and since trading is directly connected to money, traders are never able to make objective decisions.
4)9 of 10 people in trading is looking to take short cuts to make money , remember the words no gain without pain .
5) Contrary to what people think, trading is not about finding a magic system which gives pricise entry and exits , such a system is not created yet and will never be created.
 

rohitsx

Active Member
#5
Nifty is poised for an extended period of decline and consolidation.
Nifty target 5112 , this decline will end on 24-03-2013 ,when the new bull market will commence.

 

rohitsx

Active Member
#6
Bull markets start at the peak of investor pessimism and bear market starts at the peak of investor optimism- BE CAREFUL AT THESE LEVELS. Dont expect tress to grow to the skies.
 

rohitsx

Active Member
#7
Nifty is poised for an extended period of decline and consolidation.
Nifty target 5112 , this decline will end on 24-03-2013 ,when the new bull market will commence.

This Forecast is based on the theory of price symmetry.

There is also another Theory which is based on time symmetry ,but which is found on long term cycles, like a 5 year bull run(2003-2007) was followed by 5 years of consolidation(2008-2012) , based on this theory indian markets will hit new highs in 2013 , which will lead to a new cycle.
 

rohitsx

Active Member
#8
Trade No 1 .

Buying Feb Expiry 5600 PE @ 25.60

This goes with my theory of Price symmetry after every market cycle.
Also Vix is low, so that would be in my favour.
TF: 2 Months
Target : Nifty around 5200.
 

rohitsx

Active Member
#9
Trade 2 : A trade which could wipe out all your previous trading sins.

Buy Gold or Silver @ market open tomorrow. (Holding period 2 Months-approx)

Meanwhile holding positions of Trade no 1.
 

rohitsx

Active Member
#10


Took Long positions as this pair broke out of this year long triangle formation.
 

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