Today nifty gave very predictable move accroding to TA. Just trend line and sup res line.
There was a short trade in morning around yesterdays strong res, short cover zone was was near yesterdays gap up zone.
Got easy 40 pt, another 40 pt as nifty reversed from support and hit same res zone...
My observation is in the line of previously discussed topic in this thread that time decay (theta) is the biggest enemy of option buyer. It is like slow poison.
Options are expiring assets, from above example 8400 CE lost 60% of its value in last 4 weeks (about only 20 trading days). When some...
Just a simple observation.. :lol:
Just 4 week ago (22nd april) nifty was nearly same level like today.
8400 CE was around Rs 240 then, today only Rs 90.
150 point premiums decreased out of Rs 240 due to time decay(mainly) in 4 weeks. This shows why option buyers ultimately struggle to making...
Thats is not true. As a day trader you can choose your time to trade. If u missed early trade, can compensate with some late trade too (another 1 hour means more opportunity). :p
Waiting for Evening Crude Oil trading after some work out in Home Gym to refresh again.
More hungry now, as wasted...
NSE-BSE must think of increasing market time to at least 5PM.
When Currency Derivatives market of NSE-BSE is open till 5PM. That is not a big problem for them to extend it upto 5.
Actually some lazy fund managers & big old brokers loby preventing it.
For summer time 3:30PM is too much...
That 2:30 pm snakes don't came today. :annoyed:
That snake may come early hour of tommorow bcoz Bollinger Bands Squeezed for too long. :lol:
Market usually fraustrate traders before giving sudden big move. :p
Best Wishes & Happy Trading.
On 1st day of ITL top ranked player is with 14% profit. Must be an option trader. :)
It is going to be a tough and interesting competition for future traders. :D
Hopefully a trader with Marathon Trading Plans & strict maney management would win the final race. Many option trading account can...
Actually present IPL is the brain child of ICL. ICL was 1st T20 Cricket league in India.
BCCI & ICC jointly restricted international players to joining it, even blocked most of international cricket stadium for ICL. :rofl:
IPL is the copy of ICL. BCCI took the idea of ICL & implemented it in...
You are speaking from my mind. :)
I just want to share one inspirational quote from my diary:-
Champions are not the ones who always win races - champions are the ones who get out there and try. And try harder the next time. And even harder the next time. 'Champion'...
Todays high is important: it is created by exactly 50% fibo retracement
Fibo levels also gave big profit opportunity today.
Todays high is important as it is created by exactly 50% fibo retracement of totall fall. Many analyst (elliot wave :lol:) is saying 8550 as max, actually they are...
Trading is not childs game, that can not be learn in trading schools.
No trading school can tought how to build Trading psychology . :D
Many analyst talk before TV or start a trading school, bcoz they can't able manage their real trades. :lol:
Analysing a trade, telling current trend &...
No one can learn trading by paying big fee to professional traders.
Just think someone is willing to pay hefty amount to sachin/rahul/sourav so thay can make their child a successful cricketer. :rofl:
Trading is a mind game, just like a player psychology of a trader is developed by years of...
Shorted near days high (with very small stop loss) booked more than 75+ pts profit. What could be the reason? ;) 3956-3718
Same golden ratio, just have to be alert. Shorted at 61.8, booked half at 38.2 rest 23.8.
Just watching price action around sup & res and a small dynamic stop loss can...
Exchanges are said to have sent their feedback on the proposed move to Sebi. While NSE and MCX-SX are against the proposal, the Bombay Stock Exchange is in favour of it :lol:.
It is clear that this is 2nd attempt to restrict the business of discount brokers after prevoius attempt failed...
We must know one real life fact, even most successful coin tosser like Dhoni faced a prolong bad patch when he lost 27 tosses out of 30. He revealed that fact recently when some one called him lucky after winning a toss. :lol:
There is no luck in coin tossing when we tossed a coin 1000-10,000...
Different method suits different to traders. First you have to discover yourself using diffrent trading tools or methods which one exactly suits you.
My fev books are present below:-
You can get some best free tuturials in that site completely free...
I think you have not read all previous posts. :) what TP wanted is all 4 free(1st 3 with brokerage reuturn) but the 4th with advance absoute Zero Brokerage as a Prize (Zero brokerage on contract notes for 60 days from day 1) so that break even decreases from the start of the 4th challenge. An...
In bengali there is famous saying,
"Alpo bidya voyonkori." :rofl:
Which translate as,
A little knowledge is a dangerous thing.
A small amount of knowledge can mislead people into thinking that they are more expert than they really are.
I have already warned here...
Re: Instead of brokerage refund, u can hv option to hv Zero Brokerage for Next Challe
If you trade 1000 trades even with Zero brokerage your broker will be more than happy, bcoz they get good discount on turnover cost, more trade/volume means more profit there for them. They actually get more...