Day Trading Stocks & Futures

[TraderRavi]

Dow 25170 see gira to 24000 pakad lo....

2800 bhi jaane waala hai. Dow now 700 points down

 

[TraderRavi]

Hope some sensible deal is sorted out today. There is no way either have any advantage. There are 2 parties to a trade.
Moreover China is the supplier, USA will have huge inflation in case of supplies disruption, and now China is talking about treasuries, difficult times for both. Sooner a deal is sorted out the better.

ek saal ho gaya deal deal kehte hue. Trump understood ki chinese khali tehla rahe hain so he got frustrated.

 

[Jagadeesh T]

Say u have one stock/index closed at 100 today and next trading day it opens at 110 and moves higher or opens at 90 and goes lower ...in both cases if closing is above open/below open it creates a gap indicating lot of momentum in that direction....
Market have an uncanny habit of revisiting these lost grounds and hence we call it gap filling

Tq sir

 

[Raj232]

China is raising tariffs on $60 billion of US goods starting June 1

At least some maturity when the date is June 1 .. instead of "immediately"

 

[mohan.sic]

as a trader follow the market movements.
If you tried to analyze why it's moving then chances of getting biased are more.

So simply follow market trends on 5min, 30 min, intraday, weekly whatever as per your trading position.

"Don't predict the market, Just follow the market"
when ever market slaps on the face, this philosophy comes to mind.

I am following the market, but the intraday trend changed 3 times before it sharply fell down.
So the first 3 times, when I followed the market, my SL was sit and the 4th time, it collapsed so fast that I could not even take short position.

 

[Raj232]

No Problem, exit the long position and switch to short position if that is the intention. If you have realised that you need to switch sides,better late than never.

Put and order to buy PUTS at market open.. and mint all the way !!

 

[siddhant4u]

"Don't predict the market, Just follow the market"
when ever market slaps on the face, this philosophy comes to mind.

I am following the market, but the intraday trend changed 3 times before it sharply fell down.
So the first 3 times, when I followed the market, my SL was sit and the 4th time, it collapsed so fast that I could not even take short position.

@vikas2131 bhai did posted charts mid-day about downward pattern. Beside, if you look at below nifty spot chart, it broke the channel of 2 days and briefly went up only to come down.

 

[Raj232]

charts always looks good in hindsight .. and prediction would become very easy..
in reality however it is not so easy .... else we would have been crorepathis

 

[siddhant4u]

Axis Blue chip mutual fund - weekly chart -

Hdfc Small Cap Mutual Fund - Weekly

Axis Long term Equity Fund - Daily

 

[siddhant4u]

charts always looks good in hindsight .. and prediction would become very easy..
in reality however it is not so easy .... else we would have been crorepathis

Agree, however Experts who follow the charts must be making money it's us newbies who struggle..