Day Trading Stocks & Futures

TraderRavi

TraderRavi

low risk profile
#23,212
#23,212
re: Day trading Nifty & Banknifty Futures

How a trader just made $2.4 million in half an hour

In a very well-timed trade, a trader made over $2 million in just 28 minutes, playing what could be one of the biggest tech deals this year.

The Wall Street Journal reported on Friday that Intel (NASDAQ: INTC) is in talks to buy competitor chipmaker Altera (NASDAQ: ALTR). Shares of Altera shares soared 28 percent when the report was released, valuing the company at $13.4 billion by the end of trading on Friday.

For one trader, the report allowed for incredible profits in a very short amount of time.
Within seconds, a trader jumped into the options market and bought 3,158 contracts of the April 36-strike calls priced at about 35 cents. As each contract controls 100 shares, the trader's total cost was $110,530. A call is a bullish wager that gives the purchaser the right to buy a stock at a given price on a set date.

As the report surfaced, Altera was trading at around $34.76 per share. It then traded as high as $45, closing at $44.39.

However, the call options gave the trader enormous leverage that allowed returns far greater than the 28 percent the stock saw in those 28 minutes. The April 36-strike calls were worth $8.10 by the market's close. That means the trader was looking at a profit (on paper) of $2.5 million, or more than 2,200 percent.

Full story :
http://finance.yahoo.com/news/trader-just-made-2-4-143945204.html
 
TraderRavi

TraderRavi

low risk profile
#23,213
#23,213
re: Day trading Nifty & Banknifty Futures

1)NF shorted when 3rd candle broke the low of first candle @ 8460 , SL 8471. -11 (max move in favour +9) ,
2) BNF long @ 18500 , high made 18522 then fell , -8:(
3) BNF shorted when it broke support @ 18465 , low made 18405 (+60) but not booked :mad::mad:due to previous 2 losses affected psychology, SL hit -25 :annoyed:
closed terminal
 
TraderRavi

TraderRavi

low risk profile
#23,216
#23,216
re: Day trading Nifty & Banknifty Futures

amitrandive said:
Stop! Don’t make that trade… By Adam (Edited excerpt)
http://adamhgrimes.com/blog/stop-dont-make-that-trade/

Shared by DSM , reposting it here.

So you’re a trader, huh? (Or investor… if you think of yourself as an investor, just read “invest” instead of “trade”; this message is for you too!) If you are a trader, what do you do? What is your job? It’s too easy to think “I am a trader, therefore I trade”, but this is a serious mistake–if you are a trader your job is not simply “to trade”.

One of the biggest problems many traders face is forcing trades. Your analytical system won’t really help here, because, with a very little nudging, it’s almost always possible to justify any trade you want to make. Perhaps this is not true if you trade a strictly rules-based system (and, in fact, the discipline enforced by such a system is one very good reason to trade a fixed rule set), but if there’s even a little discretion you can probably justify whatever you want to do at any time. A lot of money bleeds out of traders’ accounts in adverse market conditions. Think about it: if you’re a daytrader, how often have you given away money midday? If you’re a swing trader, how often have you entered trades in rangebound markets? How much money would you have in your account if you hadn’t torn it up when you knew you shouldn’t be trading?

Well, good news: we can fix this problem, but it’s going to take some work. The first step is to realize that your job is not to trade–rather, your job is to take the best trades. Your job is to take on the right types of risk at the right time, and, sometimes, maybe for a long time, this means doing nothing.
So, if you’re a trader and the market enters a period where it does not favor your trading style, what are you to do? We have to stop trading in these conditions, and certainly have to stop trading out of boredom, but if you simply stop trading, the psychological stress can be pretty extreme’ some little voice in the back of your head starts whispering nonsensical tidbits like “you gotta be in it to win it”, or “just take a chance on it. You can always get out!” Here are some ideas for fighting that urge:

Get away from the market. If you’re a daytrader, go outside. Go out to eat. Take a walk. Be a human for a little while–it’s underrated. Do research. This is a valuable use of your time, and I have found that my time can often be put into coding ideas or looking at market stats. Doodle. Draw charts. The act of moving pencil on paper does something powerfully good to the brain.

You can come up with other ideas like this, but the key thing is to break the pattern. Don’t sit in front of the market and make boredom trades. (This applies to swing traders too, even if you only look at the market once a day. Metaphorically, get away from the market and don’t let it suck up all of your energy and passion.) Break the pattern and do something different, something rewarding, with your time.

One more thing: don’t get too far from the market; don’t lose touch. Difficult market conditions (like we’re in right now in stocks, currencies, and most commodities), lead to good trades when markets shift into different regimes. You need some system, perhaps as simple as price alerts or regular glances at the market, to know when it is time to shift your focus back, time to harvest the new opportunities in the market.
If you’re a trader, most of your job is discipline–the task of managing yourself.
Click to expand...
for reference.....
 
TraderRavi

TraderRavi

low risk profile
#23,218
#23,218
re: Day trading Nifty & Banknifty Futures

RKSV said:
Got it. In the meanwhile, please ensure you are on DND (check here: http://www.nccptrai.gov.in/nccpregistry/search.misc). What we found is that many telemarketers do check that you are not on DND before calling. If you are not on DND, you can activate it on most carriers by sending an SMS with the message START 0 to the phone number 1909.

If you still get calls/SMSs from people after you're on DND, you can straight-away forward it to 1909 (special formatting: http://ndnc.in/complain-unsolicited-commercial-calls). They get fined anywhere between 25K - 2.5 lac which is enough to put these snakes out of business.
Click to expand...
for reference
 
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