Day Trading Stocks & Futures

[Riskyman]

I am highly familiar with the instruments on a swing basis. I started off with Nifty options and later went to crude oil futures.

The last 6 months or so have been spent in a lot of introspection and extensive backtesting. I had become very intimately involved with both these instruments, and that's how I have decided to focus on these two mainly. I have also been working a lot with bank nifty these days but I will start trading it only after:

1.) I have become 0 debt 0 net worth
2.) Accumulated enough capital -- maybe perhaps when the 20 lot size thing kicks in from Jan onwards also! You never know

The thing with NIfty and crude oil for me therefore is a confidence thing

Good luck to you!

 

[vikas2131]

Whenever time permits, I will surely follow your suggestions.

hahahah ya right

 

[Riskyman]

hahahah ya right

Your wish is my command sir!

 

[afin]

I would suggest you to study the chart of nifty and bank nifty of previous years very carefully ( free data is available) like how to trade opening , divergence between nifty and bank nifty ,inside candles etc . You need to figure out these things if you wanna make good money swing trading nifty and bank nifty.

Yes I am going to do that diligently now. For now, my trading system is solely based on moving averages only. I need to become highly familiar with all the opening breakouts, nr7 and nr4 and most importantly also price action.

It is a never ending process to be honest. The moment I decide I am the master, the markets would kick me out. So I want to be humble yet confident in approaching it. I have also started doing mindfulness meditation & improving my health through diet and exercises - these are something we neglect but they can play a very important role.

 

[Riskyman]

@vikas2131 I was wondering when you would change the quote. Good you realized it in time

 

[primitivetrader]

It is a never ending process to be honest.

this is the long disconnect i have. making money in trading must be never ending process rather than endless knowledge of which almost all of it of no use once you mastered making money.

 

[vikas2131]

@vikas2131 I was wondering when you would change the quote. Good you realized it in time

My bad

 

[afin]

this is the long disconnect i have. making money in trading must be never ending process rather than endless knowledge of which almost all of it of no use once you mastered making money.

I don't think I understand you right. I will try to explain what is on my mind right now:

I have a method that will make me money for the foreseeable future- atleast that's what my backtests have told me. I want to hold unto that and use it to generate cash flows while also learning & being aware of the other methods.

 

[vikas2131]

I don't think I understand you right. I will try to explain what is on my mind right now:

I have a method that will make me money for the foreseeable future- atleast that's what my backtests have told me. I want to hold unto that and use it to generate cash flows while also learning & being aware of the other methods.

Have you tested 2011, 2012 and 2013 for nifty. How many points are you making in each year?

 

[afin]

Have you tested 2011, 2012 and 2013 for nifty. How many points are you making in each year?

I went back only 6 months as of today. I am getting an mt4 system that will give me data for the last 2 to 3 years atleast. Idea is to backtest for 5 years.