Stock future positional trading ideas

[Tradewithhunter]

New trade opened today:

Wipro futures shorted at 556.


HDIL fell 6% today, booked out early yesterday.... :annoyed:

Cheers
SH

 

[Tradewithhunter]

Good day for shorts today again, Nifty continues it's short and medium term downtrend. Short term trend trailing stoploss is 8385 now (nifty spot) and medium term trend stop loss is close above 8450 (nifty spot). Larger term trend is still up.

Wipro futures shorted this morning at 556 has closed at 552. All other positions held.

Cheers
SH

 

[marimuthu13]

so far ...all stock futures trades are just dream trades...good going sir.....

 

[Tradewithhunter]

so far ...all stock futures trades are just dream trades...good going sir.....

Thanks Marimuthu - thankfully broader markets have helped... but remember ..when markets get choppy ..all trades end up as nightmares....

The idea is that if you get 5 out of 10 trades profitable while capturing the trending moves (and cut losses short in losing trade), you should end up with very good profits after the 10 trades are over. The system I am using has a 70% success rate.

Cheers
SH

 

[anilnegi]

Thanks Marimuthu - thankfully broader markets have helped... but remember ..when markets get choppy ..all trades end up as nightmares....

The idea is that if you get 5 out of 10 trades profitable while capturing the trending moves (and cut losses short in losing trade), you should end up with very good profits after the 10 trades are over. The system I am using has a 70% success rate.

Cheers
SH

SH

How u hedge your positions of shorting

anil negi

 

[simplebuthard]

SH

How u hedge your positions of shorting

anil negi

Me too want to know how to hedge such stock futures> or just we have to care about the stoplosses and position sizing/

 

[Tradewithhunter]

I would use options to hedge or reduce risk when I feel there is a need. Please check how I bought some calls today to hedge my shorts in L&T and JSWSteel to make them 100% risk free.

Cheers
SH

 

[Tradewithhunter]

JUSTDIAL futures trading at 1372, fell almost 9% in 3 days .... hedging by buying 1400 CE at 33.50 now to lock profits and making the position 100% risk free in Dec.

Maximum Loss possible on this position now is 0
Maximum Profit unlimited

New Trade taken today (low conviction longs and hence shorting puts)

DRREDDY 3400 PE sold at 63

Cheers
SH

 

[Tradewithhunter]

We are still in a bull market and I am holding shorts which are against the larger trend of the broader market. Therefore it is always advisable to keep booking partial profits when available and keep making positions risk free through option hedging wherever possible. Bull market corrections are known to end abruptly so traders need to remember that instead of trying to be heroes.

Therefore:


LT partial profit booked at 1523 (booked Rs 17500 profit). rest 50% still held, bought 1550 CE at 19 to lock in Rs 6000 profit minimum on rest (profit unlimited if LT keeps falling, 100% risk free position now for Dec)

Justdial booked 50% at 1408 (Rs 7000 profit booked). Rest 50% holding.

SAIL shorts still holding.

JSW Steel shorts still holding. Bought 1150 CE at 18 to look in minimum profit of Rs 10250 on rest of JSWSteel (unlimited profit if it keeps falling, 100% risk free position now for Dec).


ACC and Bajaj Auto sold calls also holding.

Cheers
SH

JUSTDIAL down 6% today ... trading at 1300 ..... booked 100% (profit Rs 20500) ..... exited 1400 CE at 14 (loss Rs 2400)

Cheers
SH

 

[Tradewithhunter]

Tomorrow will be buying Lupin futures and selling PFC futures. Small capital traders can buy Lupin calls and PFC puts.

Cheers
SH