Day Trading Stocks & Futures

re: Day trading Nifty & Banknifty Futures

tough week specially last two days
We were in buy on dips market so far. Last 2 days the trend has changed to down and we are in sell on rallies market...

Smart_trade
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

tough week specially last two days
some points to work =>
1) Patience/Discipline to wait for right setup
2) jumping into low probability trades
3) if trade not working out , not wait for SL to hit , better to exit at cost/at low profit
4) one scrip only , to concentrate at present
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Some traders are over obsessed with high returns. High returns with high risk, high leverage is killing....I know that as I have done all that , had been there. In my early days on 3-4 occasions I have had returns of over 100 % in a day..( YES in a day...my capital used to be small 1.25-1.5 L that time and days profit was 1.5 L )

But the eventual thing happened and I lost 200 % ( double my trading capital ) on one occasion...that was a turning point in my trading. That time the margins used to be payable next day. I had to sell 1000 SBI shares (which I had accumalated from my trading profits at Rs 97 ( these were Rs 10 shares) ).These shares today could be worth 25-30 L...but that was the lesson...I could not sleep for 4 days and from that day I NEVER had a major loss....What I was doing was outright foolishness.

Making 50 % in one month and loosing 60 % in the next is a fool's game...any fool can do it if he has total disregard for risk.....I would give much more credit to a person making 7-8 % per month with low drawdowns and consistancy... a steady upward slope to his trading equity...no sudden shocks, he is a real winner and has a potential to become good trader.

Smart_trade
:thumb::thumb::thumb:
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Linkon said:
If u feel market will fall or is over valued, u'll find reasons to sell on the chart and all of the sell signals will look perfect at time of initiating the trade.
If your view is not in sync with the market, then u'll end fighting the market whole day.
Bias is what differentiates the 5% successful traders from the wannabe...
my weak points.
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Quarterly Results :

22 april - Yesbank
23 - HDFC Bank
24 - Infy

next week :
27 april - ICICI bank
30 - Axisbank

May :
5 may - kotak mahindra bank

SBI ??
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Xray bro/ST bro/Hem bro and all day traders, What do you believe in how much % risk per trade is good for day trading, I am taking 0.5% risk per trade these days and profit per month has also gone down, As I am new to full time trading, do you think I am being very conservative in taking risk? Is there any study to resolve this or any advice from you all?

Before going full time I was taking 2% per trade but now, I am not taking that much risk not sure why, may be some psychology problem :eek:
All depends on individual risk apetite..if you take 4-5 or more trades in a day then risk 0.5 to 0.75 %...if you take 2-3 trades in a day, trade with 1 % risk so that if all trades fail, you still dont loose more than 2.5-3 % of your capital in a day. Every trader has to find out the answers to these questions himself.

Smart_trade
for reference
 

TraderRavi

low risk profile
re: Day trading Nifty & Banknifty Futures

Nifty Future (NF) Lot size 200 to 25

For Nifty Futures, it has been a long journey since it was launched on the NSE in June 2000. At that time the market lot was 200, which means a swing of one point would result in a gain or loss of 200 to traders. But Nifty then was ruling in the range of 1,800-2,000.
The steady rise in Nifty resulted in the lot size getting reduced to 100 in June 2005.The Nifty lot size has been 50 since March 2007. The National Stock Exchange has halved the lot size of Nifty Futures to 25 from October 31, the day on which new contracts for January 2015 will be available for trading.

Losing interest

Nifty Futures, which is used for investment, hedging and arbitrage purposes, has been losing its market share on the NSE in the equity derivatives segment. At the end of September, index futures accounted for just 7 per cent of overall trading, and index options for 73 per cent.

Even in index futures, Bank Nifty, which was launched in June 2005, stole the march over Nifty as it has been attracting more investor interest.

It will be interesting to see whether the revised market lot size will revive interest in Nifty Futures, as the market lot for Bank Nifty is also 25, which is ruling at almost twice the value of Nifty at 16,760.

http://www.thehindubusinessline.com/markets/nse-cuts-nifty-futures-lot-size-to-25/article6549129.ece
 

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