5 doubts about the Futures Market

#41
Keep Posting your experience and learning process.This thread is useful for many of the future trading aspirants(including me too).
Happy Trading Morkeus.
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@Beduk,

Hope you don't mind if i post my experience here too.

Tuesday was my 1st trading day. Traded 1 lot of Minifty twice.

Since i didn't have futures charts, i relied on GF spot chart and added the premium to it.

Trade 1: Shorted @5326.70.
SL hit @5350 :(

Trade 2: Buy @5381.65

This time i thought SL in 1st trade was too tight. So decided to have some flexibility. So kept only a mental SL and didn't place an SL order.

But the flexibility hurt.

Finally sold @5345

Total loss from 2 trades: 59.95 points :mad:

Hindsight Revelations: Got carried away by price action. All strategies planned before trading went into the dustbin.

I realize now what they mean by beginner's mistakes. :eek:

Also, it wasn't a good idea probably to trade futures with spot charts.

Since, there's no good free source for futures charts, i have now subscribed to icharts. Will trade on Friday with help of futures charts from icharts. Lets see if it makes a difference.

Would like to hear experience of u guys too.

Happy Trading,
Akash.
 
#42
You forgot to add "Ji" to my name. :lol:

Hope you don't mind if i post my experience here too.
-No Prob..But its advisable to open a trading diary/journal.


Since i didn't have futures charts, i relied on GF spot chart and added the premium to it.
-How futures charts are different than GF? I dunno.

Would like to hear experience of u guys too.
-Today only I received my Demat Kit.In 3-4 days(after opening Trading A/C),I'll write down my all trades.

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