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[travi]

Traders become pulp with moves like this. It seemed like a quite day to trade with everything moving down well till the backlash... This is one of the reasons why I prefer taking positional trades. Hate the intraday volatilty

How do you deal with it?

I'm quite the opposite, most of the time we're expecting such a knock, so do intra with SL, so theirs hardly any risk. Those gap ups/downs can't be measurably controlled then we have to go into prayer mode

 

[TraderRavi]

Think Nifty will have one go below 8100

lets see

 

[TraderRavi]

Traders become pulp with moves like this. It seemed like a quite day to trade with everything moving down well till the backlash... This is one of the reasons why I prefer taking positional trades. Hate the intraday volatilty

How do you deal with it?

simple . if volatile move in your favour it prints a green bar on ledger , if not then red bar :lol:

 

[NoviceStockTrader]

I'm quite the opposite, most of the time we're expecting such a knock, so do intra with SL, so theirs hardly any risk. Those gap ups/downs can't be measurably controlled then we have to go into prayer mode

Sir,What I do is..If Im short futures and if its in profits then just before each eod I will buy calls. If there is a gap up opening next day, call will be higher so will offset loss on futures and so on. This is just something I use to deal with gaps. Next day when markets open I get rid of the call asap.

 

[travi]

Sir,What I do is..If Im short futures and if its in profits then just before each eod I will buy calls. If there is a gap up opening next day, call will be higher so will offset loss on futures and so on. This is just something I use to deal with gaps. Next day when markets open I get rid of the call asap.

True, that's the old hedge style. Earlier brokerage was a killer, with current plans, getting in-out quick doesn't hurt that much.
So in these kind of volatile days, overnight sleep is sound

Ravi bhai would have a blown a few a/c's only paying brokerage with nil profit back in those days

 

[NoviceStockTrader]

lets see

Sir, Broken!

 

[NoviceStockTrader]

True, that's the old hedge style. Earlier brokerage was a killer, with current plans, getting in-out quick doesn't hurt that much.
So in these kind of volatile days, overnight sleep is sound

Ravi bhai would have a blown a few a/c's only paying brokerage with nil profit back in those days

Yes correct sir. Thanks to zerodha and the likes, taking a hedge is now cheaper. Has worked so far. Only problem is very close to expiry, OTMs may not move much so you have to keep ITM which will require slightly higher margins but you can at least protect your profits.

 

[NoviceStockTrader]

Now LIC not correcting in line with nifty. Made a low of some 550 when Nifty hit 8110. Now nifty at 8080 but LIC trading at 555.7

 

[NoviceStockTrader]

Very tempted to buy IOC 280 pe. Theoretically, It should be worth about 3.2-3.3 rs if IOC is trading at 295. Wait? Buy? Wait? Buy?:annoyed:
Also Auropharma 700 pe. But will wait till monday since its fallen over 3% today.

 

[TraderRavi]

Now LIC not correcting in line with nifty. Made a low of some 550 when Nifty hit 8110. Now nifty at 8080 but LIC trading at 555.7

idea is moving up while nifty falling