Day Trading Stocks & Futures

TraderRavi

low risk profile
re: Day trading Nifty & Stock Futures

starting two weeks were bad but still November month ended in good profit due to last 7 days were great.
Lot size increase to 75 in NF seems good as even with 10 points one can get 750 Rs. per Lot :D
in next four month of the financial year 2015-16 wants to concentrate on NF :cool:

DEC 2015 to MARCH 2016 :
1. NF primary trading instrument
2. BNF if found good setup , as SL is tricky in it.
3. no nifty/banknifty options
4. no stock futures
 

TraderRavi

low risk profile
re: Day trading Nifty & Stock Futures

2015 - 16 : some stats

October most range bound month in nifty :

tradable range greater than 80 points => only 5 days (20%)
intraday moves greater than 100 => only 1
intraday moves greater than 60 => only 8

in comparison april and september given good moves

April :

tradable range greater than 80 points => 16 days (85%)
intraday moves greater than 100 => 9
intraday moves greater than 60 => 32

September :

tradable range greater than 80 points => 16 days (80%)
intraday moves greater than 100 => 10
intraday moves greater than 60 => 29
 

TraderRavi

low risk profile
re: Day trading Nifty & Stock Futures

from zerodha site :-

That said, we also realized there is this small community of traders who are extremely talented and passionate. But, the biggest problem they face are:

Not enough trading capital. A client with Rs 1lk returns 10% in a month which is brilliant, but that is just Rs 10,000, which in today’s world, is not enough to survive trading full time (more than 90% of our traders have less than Rs 1lk in their account). To earn more, he starts over trading taking bigger risks, and eventually ends up making a loss. Most of the times before blossoming into a great trader, the career ends.



=> 90% traders are undercapitalized :(
 

TraderRavi

low risk profile
re: Day trading Nifty & Stock Futures

Good day , made 2 nifty centuries today :thumb:
the last long trade I wanted to sell at 7615 , but it never came , missed selling at 7600 as I thought there will be short covering due to VWAP gap and reversal , and it will reach over 7600 again, but NF lost 30/40 points from top in the end.

 

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