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Future Trades -- Rel Infra |
shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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Post: #586  Posted: Fri Sep 07, 2012 1:56 pm Post subject: |
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| arvindeept wrote: | | prabit wrote: | | no swing/ positional set up can have any control on gaps. gaps can be in favour or against, so sometimes you gain, sometimes you lose. If you want to avoid gaps, you will have to do daytrading only. |
prabit true........but then you cant have 13 point SL and carry a positional trade...... |
Thumb rule on first day of the positional trade. Carry overnite only if you are plus 40-60 points (wrt NIFTY). My two cents 
SHEKHAR |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #587 Posted: Fri Sep 07, 2012 2:00 pm Post subject: |
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| shekharinvest wrote: | | arvindeept wrote: | | prabit wrote: | | no swing/ positional set up can have any control on gaps. gaps can be in favour or against, so sometimes you gain, sometimes you lose. If you want to avoid gaps, you will have to do daytrading only. |
prabit true........but then you cant have 13 point SL and carry a positional trade...... |
Thumb rule on first day of the positional trade. Carry overnite only if you are plus 40-60 points (wrt NIFTY). My two cents
SHEKHAR |
. Yes, sekhar, same thing was also suggested by speculator in his ssps method. |
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prabit
White Belt
Joined: 02 Jul 2009
Posts: 133
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| Post: #588 Posted: Fri Sep 07, 2012 2:11 pm Post subject: |
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| shekharinvest wrote: | | arvindeept wrote: | | prabit wrote: | | no swing/ positional set up can have any control on gaps. gaps can be in favour or against, so sometimes you gain, sometimes you lose. If you want to avoid gaps, you will have to do daytrading only. |
prabit true........but then you cant have 13 point SL and carry a positional trade...... |
Thumb rule on first day of the positional trade. Carry overnite only if you are plus 40-60 points (wrt NIFTY). My two cents
SHEKHAR |
Yes, I agree to both of you. thanks. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #589 Posted: Fri Sep 07, 2012 2:13 pm Post subject: |
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in last 8 months--- 5 stop loss may got protected due to the system just posted here
But 11 times next day it went to 60 points in trade ditrection
out of which 4 times it was gap up only
so 4 Stop loss resulted in 125 point loss
4 gap ups resulted in 120--130 point loss
so its equal ---
so we will stick to the basic rule--- |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #590 Posted: Fri Sep 07, 2012 3:04 pm Post subject: |
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| shekharinvest wrote: | | arvindeept wrote: | | prabit wrote: | | no swing/ positional set up can have any control on gaps. gaps can be in favour or against, so sometimes you gain, sometimes you lose. If you want to avoid gaps, you will have to do daytrading only. |
prabit true........but then you cant have 13 point SL and carry a positional trade...... |
Thumb rule on first day of the positional trade. Carry overnite only if you are plus 40-60 points (wrt NIFTY). My two cents
SHEKHAR |
Well said Shekhar.The point here is not to have control on gaps. When you know there is going to be a gap either on upside or down side (If you know which side the gap is going to be then no need to discuss  ). What should be your stance? Square up your position before and watch the drama to unfold and then take a position as per your strategy. Alternatively if you are willing to take a chance be in your position if the gap is in your favor enjoy....otherwise...
There is no amendments suggested for the strategy, it's only commonsense approach in dealing with the gaps that are known in advance, nothing more or nothing less one need not be extra intelligent to understand this. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #591 Posted: Fri Sep 07, 2012 3:08 pm Post subject: |
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well said RK
after years of my running here n there-- right now--this set up what i have got is excellent for me--
as i said in last 8 month-- everything happ-- gap up--gap down--rally
sideways-- all counted in it |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #592 Posted: Fri Sep 07, 2012 3:27 pm Post subject: |
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| Rahulsharmaat wrote: | well said RK
after years of my running here n there-- right now--this set up what i have got is excellent for me--
as i said in last 8 month-- everything happ-- gap up--gap down--rally
sideways-- all counted in it |
That’s wonderful Rahul. If you take such a stance the gaps may probably neutralized. One time in your favor other time against, net net could be neutral.
If I know in advance that gaps are going to be there and in case don’t have any bias then I prefer to be away from it. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #593 Posted: Fri Sep 07, 2012 5:19 pm Post subject: |
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| just want to see-- how it behaved when there was circuit in 2005---2008--2009-- buy data not available |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #594 Posted: Fri Sep 07, 2012 6:03 pm Post subject: |
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| Rahulsharmaat wrote: | | just want to see-- how it behaved when there was circuit in 2005---2008--2009-- buy data not available |
That's really a point to ponder.2009 we can avoid a position .2005 & and 2006 don't know.
I do remember 2009 election result. It was an upper circuit for the market .What if we were short? Like yesterday. That’s why I don’t want to take a position before the major events. If it happens without any hint that’s a different story, you have to bear with it by shedding some of the profits you made. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #595 Posted: Fri Sep 07, 2012 6:52 pm Post subject: |
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in 2008--2009 in was call towards trend only---
In 2008 it was short--- n 2009 it was long |
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shekharinvest
Yellow Belt
Joined: 21 Dec 2007
Posts: 549
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| Post: #596 Posted: Sat Sep 08, 2012 9:22 am Post subject: |
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| Rahulsharmaat wrote: |
so its equal ---
so we will stick to the basic rule--- |
That's the crux of any trading method and that's how ppl make money trading.
What I have suggested is the risk management, for the ppl like me who are jittery about the gaps, I still don't carry my positions home on weekends and that's another basic rule for myself
SHEKHAR |
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Vevensa
White Belt
Joined: 12 Jul 2011
Posts: 59
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| Post: #597 Posted: Sat Sep 08, 2012 10:14 am Post subject: |
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| rk_a2003 wrote: | | When you know there is going to be a gap either on upside or down side (If you know which side the gap is going to be then no need to discuss ). What should be your stance? Square up your position before and watch the drama to unfold and then take a position as per your strategy. |
These are words of wisdom I hope to remember as long as I trade.
Last friday before Jackson Hole event my nifty option position was in 90 point profit. Thought of hedging or closing but didn't do. Nothing happened. Then, before ECB meeting I was in 120 point profit, brushed aside the thought of closing or hedging hoping nothing against my position will happen. Yesterday, I had to close the position with a small profit since system gave reversal signal. |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #598 Posted: Sat Sep 08, 2012 11:03 am Post subject: |
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Its own choice of trader-- i will stick to my rule
dont want to see others trade n rules-- rather |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #599 Posted: Sat Sep 08, 2012 11:38 am Post subject: |
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| Rahulsharmaat wrote: | Its own choice of trader-- i will stick to my rule
dont want to see others trade n rules-- rather |
. See our mentality........we will be silent to series of success..........but will throw all possible stones to single failure.......... |
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #600 Posted: Sat Sep 08, 2012 12:11 pm Post subject: |
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ha ha ha
U are right Sonila
but all this wont let me re think anything
I am here --n here only |
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