Day Trading Stocks & Futures

[primitivetrader]

shorted yesbank

 

[mohan.sic]

shorted yesbank

nice one...

 

[Smart_trade]

"again .. pls dont take in other sense..
My argument is every one who trade is in loss no matter u trade for a year or a decade.. that was i am saying i yet to see a successful trader. "

Came across the above shocking statement in the other thread.......I am speechless on such statements ....

Smart_trade

 

[Riskyman]

Not at all!

Tata Steel futures short at 441.7
TSL hit at 438.9


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You are trading on a 1 minute time frame??
I dont see how it could have hit a stop unless you were too scared of losing your profits?

 

[against_tides]

shorted yesbank

this trade was also taken based on morning order book..?

 

[primitivetrader]

this trade was also taken based on morning order book..?

what is morning order book?

 

[PreSap]

You are trading on a 1 minute time frame??
I dont see how it could have hit a stop unless you were too scared of losing your profits?

I trade on 5 mins using pivot method.

Not sure if my following explanation will help as you might have a different method: I shorted at aggressive pivot low (today’s second bar which was below a Visual Erl) and trailed stop loss to the last minor pivot high (438.9). The TS futures fell even more and I kept on holding with SL at the aforementioned level. Nifty fell like a rock and TS futures went up like a rocket( at least to me ).

Would be glad if you would be kind to explain what you noticed. TIA!


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[vikas2131]

"again .. pls dont take in other sense..
My argument is every one who trade is in loss no matter u trade for a year or a decade.. that was i am saying i yet to see a successful trader. "

Came across the above shocking statement in the other thread.......I am speechless on such statements ....

Smart_trade

Stupid generalization to make himself/herself feel better. Better not to bother.

 

[against_tides]

what is morning order book?

If I am not mistaken ..you mentioned in previous threads that you put all your orders before market opens

 

[primitivetrader]

If I am not mistaken ..you mentioned in previous threads that you put all your orders before market opens

no, there i clarified i dont put order before mkt open. but have all stocks with entries. sls and tgt before mkt open. most of my trades are limit order during the day mostly after mkt open i punched my orders in system.