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rsrs
White Belt
Joined: 22 Oct 2010
Posts: 22
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Post: #316  Posted: Wed Apr 09, 2014 6:15 pm Post subject: |
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| mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #317 Posted: Wed Apr 09, 2014 6:58 pm Post subject: |
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| rsrs wrote: | | mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
No..... Only follow the calls |
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rsrs
White Belt
Joined: 22 Oct 2010
Posts: 22
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| Post: #318 Posted: Wed Apr 09, 2014 7:50 pm Post subject: |
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| mikky wrote: | | rsrs wrote: | | mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
No..... Only follow the calls |
You mean, just follow. Not trade? |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #319 Posted: Wed Apr 09, 2014 8:05 pm Post subject: |
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| rsrs wrote: | | mikky wrote: | | rsrs wrote: | | mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
No..... Only follow the calls |
You mean, just follow. Not trade? |
i mean i share my trades only. You can trade as well, but please do not reverse trade when stop loss hit. |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #320 Posted: Wed Apr 09, 2014 8:19 pm Post subject: |
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NIFTY moved to new life time high of 6803. There is no point in shorting this market.
BANK NIFTY moved up smartly. Now the new BANK NIFTY life time high is in touching distance. Previous life time high is 13414.
One can BUY 13100, 13200, 13300, 13400, 13500 CALLS and FUTURE, as per risk apetite.
CNX IT is remains choppy.
NIFTY trend is UP and getting STRONG. |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #321 Posted: Wed Apr 09, 2014 8:37 pm Post subject: |
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UPDATE ON OPTIONS
**************************************************************
BUY NIFTY APRIL 6300 PUT AVG PRICE (CMP 2.70 )
Entry Price = 32.5
PROFIT/LOSS = 32.5-1.70(-1500)
**************************************************************
SELL SUN PHARMA 580 CALL (25)
Entry Price = 20 Exit Price = 25
PROFIT/LOSS = 20-25 (-2500) ---- STOP LOSS HIT
**************************************************************
SELL TCS 2150 PUT (25)
Entry Price = 47.50 Exit Price = 58
PROFIT/LOSS = 47.5-58 (-1312.50) ---- STOP LOSS HIT
**************************************************************
BUY BANK NIFTY 13100 CALL (206)
Entry Price = 175
PROFIT/LOSS = 175-206 (775) |
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rsrs
White Belt
Joined: 22 Oct 2010
Posts: 22
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| Post: #322 Posted: Wed Apr 09, 2014 9:58 pm Post subject: |
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| mikky wrote: | | rsrs wrote: | | mikky wrote: | | rsrs wrote: | | mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
No..... Only follow the calls |
You mean, just follow. Not trade? |
i mean i share my trades only. You can trade as well, but please do not reverse trade when stop loss hit. |
Got it.
How do you improve the system?
'SL got triggered' should lead you to the answer. Isn't it?
I am not expecting you to tell your method. You have every right to guard it. In fact, you should never divulge it to others. Each trader should strive to find a method suitable to him.
I am just curious to know if you keep on polishing entry/exit(SL) whenever your SL gets triggered.
*(I hope none of the above will be construed as updesh by someone). |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #323 Posted: Wed Apr 09, 2014 11:17 pm Post subject: |
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| rsrs wrote: | | mikky wrote: | | rsrs wrote: | | mikky wrote: | | rsrs wrote: | | mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
No..... Only follow the calls |
You mean, just follow. Not trade? |
i mean i share my trades only. You can trade as well, but please do not reverse trade when stop loss hit. |
Got it.
How do you improve the system?
'SL got triggered' should lead you to the answer. Isn't it?
I am not expecting you to tell your method. You have every right to guard it. In fact, you should never divulge it to others. Each trader should strive to find a method suitable to him.
I am just curious to know if you keep on polishing entry/exit(SL) whenever your SL gets triggered.
*(I hope none of the above will be construed as updesh by someone). |
i usually don't reverse the trade immediately after stop loss hit. Rather take new position in some other opportunity.
Sometimes i trade on news or rumour (recent example is Dr. REDDY LAB and SUN PHARMA) but mostly trade on technical. |
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rsrs
White Belt
Joined: 22 Oct 2010
Posts: 22
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| Post: #324 Posted: Wed Apr 09, 2014 11:41 pm Post subject: |
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| mikky wrote: | | rsrs wrote: | | mikky wrote: | | rsrs wrote: | | mikky wrote: | | rsrs wrote: | | mikky wrote: | | NIFTY FUT Stop Loss HIt ---- EXIT |
Are we supposed to go long(reverse) when SL triggers in your method? |
No..... Only follow the calls |
You mean, just follow. Not trade? |
i mean i share my trades only. You can trade as well, but please do not reverse trade when stop loss hit. |
Got it.
How do you improve the system?
'SL got triggered' should lead you to the answer. Isn't it?
I am not expecting you to tell your method. You have every right to guard it. In fact, you should never divulge it to others. Each trader should strive to find a method suitable to him.
I am just curious to know if you keep on polishing entry/exit(SL) whenever your SL gets triggered.
*(I hope none of the above will be construed as updesh by someone). |
i usually don't reverse the trade immediately after stop loss hit. Rather take new position in some other opportunity.
Sometimes i trade on news or rumour (recent example is Dr. REDDY LAB and SUN PHARMA) but mostly trade on technical. |
Thanks mikky.
Good luck with your trading.
I'll keep watching your levels. |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #325 Posted: Thu Apr 10, 2014 9:32 am Post subject: |
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| MODIFY STOP LOSS to 180 for BANK NIFTY 13100 CE bought yesterday |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #326 Posted: Thu Apr 10, 2014 12:10 pm Post subject: |
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| BUY ICICI BANK FUT @1266.5 TGT 1272-1275-1280 SL 1259 |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #327 Posted: Thu Apr 10, 2014 3:15 pm Post subject: |
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| BUY ICICI BANK FUT ---- STOP LOSS HIT |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #328 Posted: Thu Apr 10, 2014 11:33 pm Post subject: |
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NIFTY ends flat after sharp move yesterday. In coming days NIFTY will move up gradually.
BANK NIFTY corrected sharply in last 30 min. BANK NIFTY is near life time high, it will try to move above 13000 again in near future. Look for buying in BANK stocks and Index.
CNX IT is near strong support of 9200. Look for buying in CNX IT and stocks.
NIFTY trend is UP. |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #329 Posted: Thu Apr 10, 2014 11:37 pm Post subject: |
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UPDATE ON OPTIONS
**************************************************************
BUY NIFTY APRIL 6300 PUT AVG PRICE (CMP 2.70 )
Entry Price = 32.5
PROFIT/LOSS = 32.5-3.10(-1470)
**************************************************************
BUY BANK NIFTY 13100 CALL (206)
Entry Price = 175 Exit Price = 180
PROFIT/LOSS = 175-180 (125) ---- Trailing Stop Loss HIT |
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #330 Posted: Fri Apr 11, 2014 9:17 am Post subject: |
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| BUY BANK NIFTY 13100 CE @120-125 TGT 200 SL 85 |
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