There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits

Tuesday, March 11, 2014

11032014



Nifty opened near PDC and moved up .IR formed. Went short on the BOF of IRH ignoring PDC. Covered the short when price bounced from RN and came back above IRL.Could not capture the next down move from IRH.This was the best move of the day. Went long on the break of RN into the fluid. But found the real flip was above RN from which price bounced and stop hit.Could not attempt the next up and down move inside the range. There was a BPB at range low . Skipped it as I was not comfortable trading around NS BRN. Long on BOF on break of MSP. I scratched it, but later it moved a little.

15 comments:

  1. Hi ST,
    Bad day for me..Took wrong trades ...
    1.BO of IRH
    2.BOF PDC and RN , took long above PDC..

    Both the trades within the first 1.5 hours.SL hit both the time ...

    Closed the day with -20 points (max limit set)

    rgds
    Kishore

    ReplyDelete
  2. Kishore

    Nothing to worry
    Today is one of the toughest days to day trade. Nifty made 9 directional moves. 4 in first range and 5 in lower range.

    ST

    ReplyDelete
  3. ST,

    Any particular reason why you didn't take bo trade when break of NS BRN.

    Naveen

    ReplyDelete
  4. Naveen

    I was closely monitoring NS. Twice it went below 6500 and bounced back.It was supporting well.
    Further PDL was very close which may act as another barrier I would have gone short if price broke PDL

    ST

    ReplyDelete
  5. Hi ST

    Can RN be traded as a DP always??
    Today we had BOF RN and also BPB RN.
    Can they be traded??

    Thanks
    TBP

    ReplyDelete
  6. TBP

    This RN is a recent phenomenon.
    Now it has become a nuisance. With NF quoting at an average premium of 25-30 points, there is a fixed barrier every 25 points (RN,BRN of NF and NS}. The play field has shrunk.
    Still I do not trade the signals at RN like BRN. But for trade management I look at these levels.

    ST

    ReplyDelete
  7. Sir good evening sir in todays trade the price flips r IRL, PDC and IRH,kindly update thnx

    ReplyDelete
  8. ST Question on Tax implication of trading.
    1> How is Tax calculated on Trading?
    2> Can we deduct stamp duty, brokerage, Stt ?
    3> Does Zerodha give computation sheet at the end of financial year.If not do you keep track of P&L Manually ?
    4> What about Advance tax ?

    ReplyDelete
  9. Amber

    I am referring to the Flip marked as range High

    ST

    ReplyDelete
  10. Xrtrader

    I have not thought about that
    This year it may not come as I traded single lot in 4 different brokerages ( Different names)

    ST

    ReplyDelete
  11. Hi ST

    You say you have accounts with 4 diff brokers..Does none of them provide good charts? I was just wondering why you are spending so much on Icharts.Any reason for it?

    Thanks
    Karthik

    ReplyDelete
  12. Karthik

    All discount brokers only
    NOW or NEST platforms
    Thinking about Trade Jini. I chart is free with it

    ST

    ReplyDelete

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