Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
re: Day trading Nifty & Banknifty Futures
Patience and Agility
One of the hardest things to come to grips with trading is that you need to hone two conflicting instincts. The first and foremost is patience. You should be able to wait patiently for a setup that you are confident is a high probability setup. However, when the setup does show up, you need to jump on it and act without hesitation.
Impatience and unrest when sitting out is an account killer and many new traders fall for this trap and blow their accounts. If you feel an urge to get back into the market right after the moment you are stopped out, you are afflicted by this trading ailment.
When traders see large bars , they get anxious about missing out on a potentially huge move. They suspect a potentially large drop or huge rally that will net hundreds of ticks which they have been waiting for all their lives and are compelled to act. Subconsciously, they have made a choice that losing one more trade among the thousands of lost trades is a small risk compared to the huge gain they are going to have if they chase this big bar.
Unfortunately, huge rallies and dramatic crashes are rare. But when they do happen, it leaves a strong impression in our memories simply due to the intensity of such moments. Our instincts are tuned to prepare for such moments and we act accordingly.
http://ninetrans.blogspot.in/2013/08/patience-and-agility.html
Patience and Agility
One of the hardest things to come to grips with trading is that you need to hone two conflicting instincts. The first and foremost is patience. You should be able to wait patiently for a setup that you are confident is a high probability setup. However, when the setup does show up, you need to jump on it and act without hesitation.
Impatience and unrest when sitting out is an account killer and many new traders fall for this trap and blow their accounts. If you feel an urge to get back into the market right after the moment you are stopped out, you are afflicted by this trading ailment.
When traders see large bars , they get anxious about missing out on a potentially huge move. They suspect a potentially large drop or huge rally that will net hundreds of ticks which they have been waiting for all their lives and are compelled to act. Subconsciously, they have made a choice that losing one more trade among the thousands of lost trades is a small risk compared to the huge gain they are going to have if they chase this big bar.
Unfortunately, huge rallies and dramatic crashes are rare. But when they do happen, it leaves a strong impression in our memories simply due to the intensity of such moments. Our instincts are tuned to prepare for such moments and we act accordingly.
http://ninetrans.blogspot.in/2013/08/patience-and-agility.html
re: Day trading Nifty & Banknifty Futures
Take the money and run
`cause the summer sun is sinking down
Take the money and run
`cause the four winds may not blow
Take the money and run
`cause the verdict has been handed down
Take the money and run
because there's no place left to go
You cannot give me any more time
You've already taken too much of mine
Take the money and run
Take the money and run
`cause the summer sun is sinking down
Take the money and run
`cause the four winds may not blow
Take the money and run
`cause the verdict has been handed down
Take the money and run
because there's no place left to go
You cannot give me any more time
You've already taken too much of mine
Take the money and run
re: Day trading Nifty & Banknifty Futures
got gud profit in the morning move , given back more than half profit in afternoon volatility , could not capture last upmove as twice stopped out due to deep pullbacks , later got the last portion of the move and then the last fall wiped out whatever points getting
got gud profit in the morning move , given back more than half profit in afternoon volatility , could not capture last upmove as twice stopped out due to deep pullbacks , later got the last portion of the move and then the last fall wiped out whatever points getting
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