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READING THE LINE [DAY TRADERS MIND] - FUTURES ONLY |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #391  Posted: Fri Dec 06, 2013 3:40 pm Post subject: |
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as long as you don't take a tangential trade like me, it's ok. 
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #392 Posted: Fri Dec 06, 2013 3:43 pm Post subject: |
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| vinay28 wrote: | | as long as you don't take a tangential trade like me, it's ok. |
Your tangentials must be getting you good profits.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #393 Posted: Fri Dec 06, 2013 3:46 pm Post subject: |
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| rk_a2003 wrote: | | The profit on diagonal spread as per closing rates of Terminal is 1425/-.NF is nearly 80 points up from my entry price. |
Infact, it should be exactly double i.e 2850/-.I did a mistake by entering in to the trade at mid of the day contrary to ST's rule ...to enter at the end of the day.I missed it...oversight....That mistake eaten up 50% of the potential paper profits as of now.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #394 Posted: Fri Dec 06, 2013 6:40 pm Post subject: |
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Great RK... This is practical application
Meanwhile, I had exited morning at cost 6400 calls sold...(So selling call put 6400/6000 trade over - 30 rs profit in put trade and 15 rs in call trade)...I reversed the sell positioning as below (since sense was becoming bullish)(important thing is my short call trade helped me to keep away from whipsawing stocks / nifty):
At very end of today, entered long 1 6500 call - 53
Short 2 6600 call - 28*2-56
(If market opens sideways to down any extent, no loss)
If market gaps up, shall exist 6500 call...and keep 6600 short open..and then see)..
Shall exit both, if futures opportunities arise ( stock trading opportunities shall be many on Mon and shall then trade futures)
If markets remain bullish beyond 12 pm, shall enter stock longs..or enter longs about resistances in stocks like DLF above 160 futures, Union bankabove 130, (watch rel infr and r cap also)
Look for short sale opportunities in Tata steel and JSPL and even BHEL...
All prices would mean nothing in case of wide gap ups and downs
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #395 Posted: Fri Dec 06, 2013 7:56 pm Post subject: |
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| All Credit goes to ST.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #396 Posted: Mon Dec 09, 2013 2:03 pm Post subject: |
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| dlf strong above 160 bought..stop 155...target 164/166/171
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #398 Posted: Mon Dec 09, 2013 2:33 pm Post subject: |
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| whats target..timeframe....since i had bought heavy and a day trader...have sequared many at 163 already.....tsl to minor profit on balance.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #399 Posted: Mon Dec 09, 2013 2:35 pm Post subject: |
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| amitagg wrote: | Great RK... This is practical application
Meanwhile, I had exited morning at cost 6400 calls sold...(So selling call put 6400/6000 trade over - 30 rs profit in put trade and 15 rs in call trade)...I reversed the sell positioning as below (since sense was becoming bullish)(important thing is my short call trade helped me to keep away from whipsawing stocks / nifty):
At very end of today, entered long 1 6500 call - 53
Short 2 6600 call - 28*2-56
(If market opens sideways to down any extent, no loss)
If market gaps up, shall exist 6500 call...and keep 6600 short open..and then see)..
Shall exit both, if futures opportunities arise ( stock trading opportunities shall be many on Mon and shall then trade futures)
If markets remain bullish beyond 12 pm, shall enter stock longs..or enter longs about resistances in stocks like DLF above 160 futures, Union bankabove 130, (watch rel infr and r cap also)
Look for short sale opportunities in Tata steel and JSPL and even BHEL...
All prices would mean nothing in case of wide gap ups and downs |
status : calls squared at zero profit...
Tata steel sold and squared...
JSPL fell from 280 to 260...see my post above....however could not trade...
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #400 Posted: Mon Dec 09, 2013 2:39 pm Post subject: |
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| singh.ravee wrote: | | amitagg wrote: | | dlf strong above 160 bought..stop 155...target 164/166/171 |
hi
i m long from 148 
rgds |
is this -ve WW or triangle breakout above
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #401 Posted: Mon Dec 09, 2013 3:00 pm Post subject: |
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hindalco check out.....
though metals prone to Q2 talk and Birla company...yet breaking 125 .....very criticial level...not sure if to sustain or fall back
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #402 Posted: Mon Dec 09, 2013 3:10 pm Post subject: |
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| amitagg wrote: | | dlf strong above 160 bought..stop 155...target 164/166/171 |
squared ....
shall look to trade tomorrow as well on buy side....
hindalco
india cements etc buys....
view on Tata Steel, JSPL, BHEL, DLF, all right direction.....[need more stock picking for tomorrow...shall research]
markets buy...with trading mindset....due to uncertaintties....but still a buy..
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #403 Posted: Mon Dec 09, 2013 3:16 pm Post subject: |
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bought 1 lot century at 282.5...
shall add with 3 points down each one lot....stop 270...after sideays move it shall move higher...
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #404 Posted: Mon Dec 09, 2013 5:50 pm Post subject: |
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| amitagg wrote: | | singh.ravee wrote: | | amitagg wrote: | | dlf strong above 160 bought..stop 155...target 164/166/171 |
hi
i m long from 148
rgds |
is this -ve WW or triangle breakout above |
triangle breakout on the upside. need a close above 170 for good upmove
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #405 Posted: Mon Dec 09, 2013 8:52 pm Post subject: |
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| singh.ravee wrote: | | amitagg wrote: | | singh.ravee wrote: | | amitagg wrote: | | dlf strong above 160 bought..stop 155...target 164/166/171 |
hi
i m long from 148
rgds |
is this -ve WW or triangle breakout above |
triangle breakout on the upside. need a close above 170 for good upmove |
any other postions....u intimated holding dlf since 148 when price crossed 159........would request you to update your buy sell when u take positions [ as i do] and not later....that helps others...
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