Day Trading Stocks & Futures

Tuna

Tuna

Listen and act, don't ask it, it doesn't oblige
#25,831
#25,831
ap*

ap*

Well-Known Member
#25,833
#25,833
Tuna said:
Explains why I stopped taking Contra altogether from this year - totally. This was my finding on my trades well. The issue is, shorting at times is not bad. But it brings in the habit of 'calling top' on each upsurge and that is a deadly mistake. So , the value of winning 1-2 contra, brings the ill effect of losing more than that in contra. If you can stop this - it will help. I kept it simple for me, no Contra as long as price above STI on daily. Fine to lose the opportunities of shorting. At least I have only algo running in my mind - buy, buy, buy - whenever there is a situation of dynamic or fixed support.


Good decision @ Nifty, But taking intra on high beta stocks in direction of daily trend (whenever a situation permits) - is actually not bad. I kept myself restricted to crude as don't have time for enough screentime for BNF.
Click to expand...
Have copied your post and pasted it on my daily checklist. Contra has been my biggest killer too. Will try to follow this and not short based on short term trends. Looking back now in the month of Feb and march anyone who bought every dip made money. Whilst they probably made it off people like me:lol:
 
VJAY

VJAY

Well-Known Member
#25,836
#25,836
Tuna said:
Explains why I stopped taking Contra altogether from this year - totally. This was my finding on my trades well. The issue is, shorting at times is not bad. But it brings in the habit of 'calling top' on each upsurge and that is a deadly mistake. So , the value of winning 1-2 contra, brings the ill effect of losing more than that in contra. If you can stop this - it will help. I kept it simple for me, no Contra as long as price above STI on daily. Fine to lose the opportunities of shorting. At least I have only algo running in my mind - buy, buy, buy - whenever there is a situation of dynamic or fixed support.


Good decision @ Nifty, But taking intra on high beta stocks in direction of daily trend (whenever a situation permits) - is actually not bad. I kept myself restricted to crude as don't have time for enough screentime for BNF.
Click to expand...
ap* said:
Have copied your post and pasted it on my daily checklist. Contra has been my biggest killer too. Will try to follow this and not short based on short term trends. Looking back now in the month of Feb and march anyone who bought every dip made money. Whilst they probably made it off people like me:lol:
Click to expand...
Yes ...contra trades are always mind to attempt contra trades ...I too have this habit....though now days trying hard to avoiding it :D
 
timepass

timepass

Moderator
#25,838
#25,838
VJAY said:
I too watching this scene :) previously most of times this scene given good move
Click to expand...
Maybe check on other timeframes too. In case of Unionbank futures, it looked green on 1 min, but red bar on other TF upto 15 min.
 
VJAY

VJAY

Well-Known Member
#25,840
#25,840
timepass said:
Maybe check on other timeframes too. In case of Unionbank futures, it looked green on 1 min, but red bar on other TF upto 15 min.
Click to expand...
If its happen not in key area then colour is not important as its not reailers trades :) also I not check other TF which confuse me a lot :( These are only my personal views ...as per my personality :)
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
R Swing trading futures/stocks in marginable account? Equities 2
R Collective Investment Scheme in stocks and futures trading? General Trading & Investing Chat 7
Trade_Artist Trading Futures: Indices Vs Individual Stocks General Trading & Investing Chat 9
A Nifty Stocks Futures Trading Trading Diary 4
F Simple effective method for trading stocks futures AmiBroker 0

Similar threads