Confessions of a banknifty trader

niftytaurus

Well-Known Member
#11
If you cant control emotion..make it algo..machine will trade for you..it has no emotion..
Ya! thought about that also!
But algo can trade only mechanical methods..again I have not find any profitable mecahnical method..otherwise i put lacs of rupees on it.SERIOUSLLY!!! I have tried so many..Besides, I am software programming illetrate..so couldnt understand AFL ,PRogramming ,back testing etc:-(

If you have some mecahnical method which can give me Just Net 50 POINTS DAILY OR 1000 POINTS in a month..Or LEASTNet 400 Points in Banknifty/200 points in nifty..Please share it with me..
From tommorrow, I will put 20 lacs Rs on it & put it that method on ALGO..My friend, I am not joking..I am serious!! If you have that method..please share with me..as i am tired findign it!Please share..my life will be more easier..
As my eyes sores & back always ache..sitting in infront of screen & watching SCREEN & PRICE..my health is really deteroiating ..Please dotn get me wrong..I always ready to learn new things..please share
Thanks
 

mechtrader

Well-Known Member
#13
Ya! thought about that also!
But algo can trade only mechanical methods..again I have not find any profitable mecahnical method..otherwise i put lacs of rupees on it.SERIOUSLLY!!! I have tried so many..Besides, I am software programming illetrate..so couldnt understand AFL ,PRogramming ,back testing etc:-(

If you have some mecahnical method which can give me Just Net 50 POINTS DAILY OR 1000 POINTS in a month..Or LEASTNet 400 Points in Banknifty/200 points in nifty..Please share it with me..
From tommorrow, I will put 20 lacs Rs on it & put it that method on ALGO..My friend, I am not joking..I am serious!! If you have that method..please share with me..as i am tired findign it!Please share..my life will be more easier..
As my eyes sores & back always ache..sitting in infront of screen & watching SCREEN & PRICE..my health is really deteroiating ..Please dotn get me wrong..I always ready to learn new things..please share
Thanks
If you are really into it, I can help you find material for research. But to make a strategy only you have to align the pieces of the puzzle.
People say there aren't many mechanical trading systems.. trust me there are many waiting to be explored. The only thing is they have to designed properly. I myself was a discretionary trader but couldnot handle the emotional aspect so shifted to automated strategies.
But all this demands a lot of work.. sometimes more than discretionary trading (no offense). Also beware its a completely different field altogether.

I am saying this to you because I have noticed that you are always up for learning and very much dedicated.

Best,
MT
 
#14
Ya! thought about that also!
But algo can trade only mechanical methods..again I have not find any profitable mecahnical method..otherwise i put lacs of rupees on it.SERIOUSLLY!!! I have tried so many..Besides, I am software programming illetrate..so couldnt understand AFL ,PRogramming ,back testing etc:-(

If you have some mecahnical method which can give me Just Net 50 POINTS DAILY OR 1000 POINTS in a month..Or LEASTNet 400 Points in Banknifty/200 points in nifty..Please share it with me..
From tommorrow, I will put 20 lacs Rs on it & put it that method on ALGO..My friend, I am not joking..I am serious!! If you have that method..please share with me..as i am tired findign it!Please share..my life will be more easier..
As my eyes sores & back always ache..sitting in infront of screen & watching SCREEN & PRICE..my health is really deteroiating ..Please dotn get me wrong..I always ready to learn new things..please share
Thanks
I am deeply sorry that for the time being i dont have such strategy..But am with you in the learning process to earn..You have a very good attitude of following heart and not giving up..
 

monkeybusiness

Well-Known Member
#15
Ya! thought about that also!
But algo can trade only mechanical methods..again I have not find any profitable mecahnical method..otherwise i put lacs of rupees on it.SERIOUSLLY!!! I have tried so many..Besides, I am software programming illetrate..so couldnt understand AFL ,PRogramming ,back testing etc:-(

If you have some mecahnical method which can give me Just Net 50 POINTS DAILY OR 1000 POINTS in a month..Or LEASTNet 400 Points in Banknifty/200 points in nifty..Please share it with me..
From tommorrow, I will put 20 lacs Rs on it & put it that method on ALGO..My friend, I am not joking..I am serious!! If you have that method..please share with me..as i am tired findign it!Please share..my life will be more easier..
As my eyes sores & back always ache..sitting in infront of screen & watching SCREEN & PRICE..my health is really deteroiating ..Please dotn get me wrong..I always ready to learn new things..please share
Thanks
Boss don't get distracted by algos and mechanical trading method, it can cause serious harm to trading capital, as you have selected price action as your trading method, it will take some time for you to grasp it properly, once you get some grip on price action things will get easier and it will take you to your goal, if you have some free time check YTC and Albrooks if already not done.

All the best and happy trading.:clap:
 

niftytaurus

Well-Known Member
#16



chalo doston batein bahut ho gayi! ab jara kaam ki batein kar ley..yeh aa gaya mere aaj key trades ka lekha jokha..MERI bEWFKOOFIYAANNNN!!!
So I am going to POSTMORTEM myself! OOPS!! Sorry! POSTMORTEM of MY trades
I have done all the mistakes ..many of them are really like a immature trader & mindless trader...Jo ki main hu!
Trade-1)
15 min trend was up from yday closing session..price goes up from PDL & PDH..& A GOOD strong bull candel..I couldnt find place to enter..price gets down for some movement & i enter on that pull back..ENTRY-17612 ,9:20 ,SL=17580..32 POINT SL IN MY LIMIT..so ENTRY According to every rule..till then my idea was to take profit Around RN 17700..but again fear comes to loose profit..as price resisting slightly at 17675..so EARLY PROFIT BOOKING- 17655 ,9:32, PROFIT TRADE=43 POINTS mistake-EARLY PROFIT BOOKING
2) 9:45 & 9:5O CANDEL Make a bearish piercing pattern..I dont trade on candel patterns..but it shows weakness at 17695 level..which is near to brn 16700..after that also , weak bulls showing 2 spinning tops & then a red candel ..I shorted 17667 ,10:07 , SL WAS 17701..SL was 34POINTS ..IN LIMIT..but price moves up & my sl hit..I put SL-M order for SL..so exit @17704..L=37 POINTS MSTAKE-IMPATIENT ENTRY OR EARLY ENTRY ON WRONG TIMING
3)PRICE JUST MOVES UP TILL 17719..somehow pa Around 17700 is not looking strong..it shows weakness..so gain short 17686,10;43..sl -hod,but I didnt wait for SL HIT..i saw price arent going down much..so i EXIT WITHOUT SL HIT..I exit 17696..L=10 POINT MISTAKE- DIDNT WAIT FOR SL HIT,EARLY EXIT
4) AGAIN A FOoLISH TRADE..wHEN AGAIN SEE any strength in bullish move..I again short @17680, 11:58..but after a small pin bar ,price didnt go down, I exit without sl hit.!17692, 12:18..Mistake- EXIT WITHOUT SL HIT
5)then price start moving in range..again i noticed a short @1:10 candel..but I didnt take as I see a range..& afraid now to take any trade in that range..So when that range breaks, I took short @17666, 1:28..sl-17715, target was @17600..but when I saw a red candel with big volume..sign of exhaution ..plus next candel is small hammer ..that level is OR high..so BOF ..I managed to get out @ 17630..1:50..my Assumpton was RIGHT of BOF..P=36 points..NO MISTAKE
6)wHEN i ASSUMED bof, i SHOULD HAVE BEEN with my assumption..But as i SEE FAILURE @ 2PM CANDEL..I get alert, after that 2 candel is also weak..so I thought, though bears are fail but bulls are also not strong..A CONFUSION.I shouldnt have traded..But I shorted@2:11, a very bad entry..ebtry not according to rules as There is no S/R THERE..& I was shorting just by seeing candels..VERY BAD TRADE..EXIT 17677..
2:24 l= 37 POINTS..LOT OF MISTAKES=entry NOT ACCORDING TO RULES AS THERE IS NO LEVEL, 5 min & 15 min trend is amalgamating there..so confusion..ANO TRADE ZONE, I trade n NO TRADE ZONE
7)NOW i see short term trend now is agan up..besides, A trend line is also supporting..PA showing strong bull moveent, enter into a small puback @ 17684..sl=17650, target was 17750..price goes very fast ..couldnt book @17750..booked at 17740..NO MISTAKE
8) BLUNDER OF THE DAY-I booked at 17740 in last trade & I see Price going up.. & I just bought it @market..HIGH OF THE DAY..BROKE MY RULE ..ENTER JUST BLINDLY & i HAVE TO BEAR THE COST OF THAT TRADE..ITS BLIND TRADE WITHOUT RULE, SO i DIDNT KNOW WHERE TO PUT SL..& I just waited..as nifty was up & i thought, t also make new high, that was a big mistake..I broke my rules &I anticipate..very mahanga trade..MANAGED TO GET OUT @17725..AS i SEE TREMENDOUS weaknes in price..BUT for my stupidity, I also missed that short trade which was obvious BOF..
9)NAIL IN COFFIN TRADE- din bhar galtiyan kar key dil nahi bhara..as I have a feeling that I missed A veru good short trade..& jatey jatey market ki poonch pakdi & for scalping, short @ 17650..frankly I knew, Its an very late entry, But I took a bad chance..i NEVER TRADE ON LUCK, bUT HERE i TRADE ON CHANCES & without rule & a loSE TRADE- mistake- WITHOUT RULES TADING
sO FRIENDS, i Have described my trade as HONESTLY AS POSSIBLE..bESIDES, i DEScribe probles & mistakes & IN detail, I mention my emotions with every candel..I judge it from my prespective..
But I request you, Please you also judge it from your perspective ..
This is a very BAD BAD TRADING..WHEN i DO overtrading & those kind of stupid trading, I called it MONKEY TRADING..but i have no shame to tell you all with prooof..abhi tak logon sey success key proof die hongey, but I think I am the first jo apko apni bewkoofiyon key proof de raha hai..because, when I start trading, I remember rules but fir pata nahi kya hota hai, i did stupid mstakes again & again & I really improve it
so 10 june trade summary-
total trade-9
profit trade 3
loss trade-6
profit point-135
loss points-161
gross loss=26 points
tax cost=-36 points
Total loss=62points

I broke 1 more rule..i should have taken 3-4 trades..I have taken NINE trades..ts so stupid & childish trading..shame on me! what a stupid i am!!
Anyway! will improve
Thanks
 

niftytaurus

Well-Known Member
#17
Hi
in chart,
Dark blue lines..main s/r..light blue, small levels
I showed trades with NUMBER..so arrow near NUMBER OF TRADES SHOW ENTRY of that trade..THE NEXT ARROW IN ORDER TO THIS ARROW WILL SHOW EXIT
ex- trade 1,arrow is showing BUY ENTRY ..& now next arrow 9:35 candel..SOITS EXIT, SELL ARROW BECAUSE ITS EXIT OF BUY MEANS SELL.
These entries & EXITS ARE NOT SAR...SO SEE chart according to it..every trade has 2 ARROWS, 1 is for entry &1 is for exit
Thanks
 
#18
so 10 june trade summary-
total trade-9
profit trade 3
loss trade-6
profit point-135
loss points-161
gross loss=26 points
tax cost=-36 points
Total loss=62points
Only tax cost, no brokerage charges ? Monthly unlimited scheme ? And what about including the cost of trade tiger (say 1 banknifty point per session).
 

niftytaurus

Well-Known Member
#19
Only tax cost, no brokerage charges ? Monthly unlimited scheme ? And what about including the cost of trade tiger (say 1 banknifty point per session).
Ya Right Timepass bhai!
ya I have fixed brokerage monthly plan..I have adjusted it with first week profit..I mean after excluding those 2100 rs , Then I will count profit points..
this thread is not for purpose of hoW much points I EARN..but about SHOWING MY MISTAKES & in this procees , RECTIFYING THEM..aS MY COMPETITION is not with anybody, just with myself..
& timepaas bhai, abhi to 1 mahina bhi profit ka kar ley usi key totey pad rahey hai

Ya Trade Tiger Cost, I didnt include..ya ..it will be 1 point per session..so we will reduce 20 points /month for that
waisey pata nahi, kya hoga..as previous monthes are just break even, so net loss bhi ho sakta hai
waisey bhI i have already paid a huge admission fees & now try to reducing tution fees per month
Thanks
 
#20
If you are unable to handle BNF which is fast and furious, trade Nifty Fut for some time....

None of my systems is totally mechanical....it has combination of mechanical and discretion so wont be of help to suggest 100 % mech system...but my experience is 100 % mech systems give poor performance.

Smart_trade
 

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