Hello from Nifty Trader

Hello Members

I am trading for past 3 years, after trading stocks unsuccessfully have found some moderate success with trading nifty futures and options.

When started to trade thought nothing would be easier than trading ...

Found out after a big cost that it is not easy to predict what will happen next, it's a game of chance ...

For me, the lesson so far is, never stand with a loss making position ... cut it before it cuts deep into your margin account.

I have read documents from this site on Trend Following, kindly shared by a friend, also he recommended to join the site for further learning...

Hope to learn from seniors

Thanks for help

niftychance,

A warm Welcome to the Forum,all of us have to give Fees to the Mkt to Learn.

Asish

hi and welcome niftychance,

you id seems to include nifty+chance, trade in nifty and believes in chance!!!

With stocks, gains and losses are more but with nifty; there are moderate returns. still that would do great if used wisely.

could you share how to decide stoplosses?

Hello

Thanks for your message.

The outcome of every trade we take is uncertain.
We may know the reason for our entry but can't be sure about what the market will do after that,
thus every entry is a chance we take ...

Anyway, failed to understand the -eek- part of your message.

Deciding the point/area of stop is the easiest part of your trade, only if you know the reason for your entry.

For e.g. if you are using a S/R method your entry signal on a short will also be your stop for longs..

Have a nice day.