Day Trading Stocks & Futures

[travi]

Let us look at this from another perspective. Do you think one would have benefited more if one traded RIL and Hdfcbank instead of Nifty and Bank Nifty? Are other shares in the indices contributing more as friction rather than as tailwind?

Again I'm reiterating, this started with Vivek Bhai posting NS count in TD is high CD range and BN had always been in comparison due to their high weightage in previous years.

So benefiting from stock specific trades like RIL and hdfcbank vs NS is just left to imagination.
Most investors dont buy all 50, even 20 from that list is enough to mimic NS/BN which is my case. This is due to sector influence.

The purpose of the index is to give a broader weighted average view of its constituents.

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[mohan.sic]

I have been reading ninja bhai's trading methods in this forum for long.. although not 100% but most of his trades are in correct direction..I think he takes multiple top up trades on a day depending on the way he sees the chart..the accuracy of his shots is high because he uses confirmation from more than one method..

This is not about any one persons method. It is about the fundamental premise on top of which all these methods are evolving. 95% of the TA web content /books has the same concepts/methods and they project the same views. So we naturally are placed in a state to believe that the candles or etc stuff holds the key and traders need to use them diligently to unlock their potential. We see the positivity mostly because we truly believe that they have a potential to work and that is because that is what all the internet around tells us.

For example, what is a candle stick ? It is simply four data points put together for a time period. It gives a visual picture of price action on a single stamp. It is a data presentation format. Its not a predictive tool. But all the stuff is on dojis and hammers ad how market moves when they appear.

 

[against_tides]

This is not about any one persons method. It is about the fundamental premise on top of which all these methods are evolving. 95% of the TA web content /books has the same concepts/methods and they project the same views. So we naturally are placed in a state to believe that the candles or etc stuff holds the key and traders need to use them diligently to unlock their potential. We see the positivity mostly because we truly believe that they have a potential to work and that is because that is what all the internet around tells us.

For example, what is a candle stick ? It is simply four data points put together for a time period. It gives a visual picture of price action on a single stamp. It is a data presentation format. Its not a predictive tool. But all the stuff is on dojis and hammers ad how market moves when they appear.

Yes...
I have seldom seen anyone posting between a trade.. although I don't trade on individual candles, I myself had seen the support resistance theory work and gained from it.

One important main reason for his success is trading with the trend..this simple reason is main contributor to successful trade on most of the days

 

[mohan.sic]

Yes...
I have seldom seen anyone posting between a trade.. although I don't trade on individual candles, I myself had seen the support resistance theory work and gained from it.

One important main reason for his success is trading with the trend..this simple reason is main contributor to successful trade on most of the days

... My post was only on your query so please let us not take anyone success or failure in trading... bcz that may pass wrong impression that i am pointing someone.

Yes support and resistance theory works. Infact every theory works in market. That's the reason why even astrologers dint leave market. The main reason why every concept seems working in market is not because of the power of the method. Yes some methods have an edge over other but the main reason is the market itself. Market design contributes a lot. Market has only 2 directions, either up or down. so every predicting method has a theoretical 50% probability. I, my friend my office boy every one has a fair chance here while making predictions.

Similarly every analysis method/concept has a fair chance to prove its success. Because it needs to pick the right one from just two options.
If we apply these techniques on game like casino or any other form of games with multiple options ( to choose from ) and try to predict the patterns , its success scatters away.

 

[TracerBullet]

Every theory does not work. Most probably dont. Otherwise why do we have losing traders ? My experience certainly has been that.
50% win rate with 1:1 RR does not make money live, we need better than that. On a small sample size yes anything might win just be chance - but that is not useful.
You prob know this, so unclear what you mean.

 

[vivektrader]

Every week or fortnight, big tech companies taking a pie from jio's cake, Reliance with its subsidiaries is going to be the most valuable company by a mile in very near future.
Aramco deal may also fructify finally to add to its oil and petrochemical business in addition to almost 1.2lakh crore investment by foreign tech companies in last three months in Jio platforms.

Vivek

 

[against_tides]

... My post was only on your query so please let us not take anyone success or failure in trading... bcz that may pass wrong impression that i am pointing someone.

Yes support and resistance theory works. Infact every theory works in market. That's the reason why even astrologers dint leave market. The main reason why every concept seems working in market is not because of the power of the method. Yes some methods have an edge over other but the main reason is the market itself. Market design contributes a lot. Market has only 2 directions, either up or down. so every predicting method has a theoretical 50% probability. I, my friend my office boy every one has a fair chance here while making predictions.

Similarly every analysis method/concept has a fair chance to prove its success. Because it needs to pick the right one from just two options.
If we apply these techniques on game like casino or any other form of games with multiple options ( to choose from ) and try to predict the patterns , its success scatters away.

Nobody thinks you are pointing to someone..
It's an open discussion and all points are valid as per individual experience..
And I normally don't get clear answers from technical analyst and chartists.. but that itself is an answer

 

[primitivetrader]

some interesting levels/zones to watch out in the NF 5M chart. dynamics of levels/zone may change immediately after open. all these levels/zones are as off now.

 

[Romeo1998]

chart is very clear, nifty wants to go till 11200

 

[jd1234]

ye motu alone index ko kaha tak leke jayega