Day Trading Stocks & Futures

[kharikumaar]

possibly a good idea to buy some calls now

 

[kharikumaar]

i did something which i dont do normally. i bought and sold banknifty ce, like the scalpers, 4 times today for a trgt of 30rs each time. finally have taken a position now 22900 ce at 280. lets see what happens to this

 

[Raj232]

possibly a good idea to buy some calls now

Strange movement in Banknifty. Looks like it is facing upside pressure and downside pressure. It might make a bigger move either side.

 

[kharikumaar]

true

Strange movement in Banknifty. Looks like it is facing upside pressure and downside pressure. It might make a bigger move either side.

, highly unpredictable jerky movements. it was just my luck my earlier trades were on target. . this one went through to sl. might as well keep off.
but i realised this short target multiple trades is also a reasonable strategy if we can work out a method of entry and exit.

 

[rajin90]

I was getting the feeling the market will come down and yet shorted Nifty PE and booked them with some chillar. Right time exit. Missed perfectly booking the CE's. Entry you can salvage with strategies, but timely exit is what makes you profit.

 

[timepass]

true

, highly unpredictable jerky movements. it was just my luck my earlier trades were on target. . this one went through to sl. might as well keep off.
but i realised this short target multiple trades is also a reasonable strategy if we can work out a method of entry and exit.

Do you average your options, if you are expecting a directional movement ?

 

[midhoo]

My entry was at right time. But need to work on exit. Once entered I am seeing more Res/Supp lines than Normal.

Now @ 03.05 PM

 

[kharikumaar]

Do you average your options, if you are expecting a directional movement ?

the initial purchase itself is usually in 2-4 tranches. like when i do expect a direction move i will have orders with a space of7-10 rs for bank and 5-7 rs for nifty.
for eg., i may have 2 lots at 250, 2 lots 240 , and 2 lots at 230 and a stop at 200.
i usually do not add to positions for the sake of averaging unless i am confident of the move, even then it will come under the stoploss cover.
i have learnt to take my losses gracefully and am in the process of learning how to hold my profitable positions , ( reducing the instance of covering positions early in panic) .
its not very often that i carry positions, because earlier on most of my overnight positions used to end up in loss due to decay.
wednesdays and thursdays i generally trade the next week options.

 

[Romeo1998]

both targets on upside n downside done, now tomorrow high probability of gap up n back to 23200

 

[Raj232]

both targets on upside n downside done, now tomorrow high probability of gap up n back to 23200

If the indo - chine nonsense escalates, maybe another selloff.. but I'm expecting probably more downside, the way the indices moved in the last 60 minutes..