JJSingh
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Disclaimer: >This group does not provide any tips or recommendations >All updates or discussions are only for education and learning
Ko'proq ko'rsatish1 109
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1 109
Tip- when you are a day trader,
You go for a specific daily Target
but when your loss hits in one trade or two, now u want to get the same profit target.
This forces traders to either increase position size or overtrade.
The idea should be to maintain your daily loss cap and not increase the position size.
Increasing position size is revenge trading.
Don't trade for your pnl, trade for your setup. If it has worked in a trade, it will work in another one.
1 109
That's why I said that I'm not a big fan of patterns. It was at the wrong place also.
I am still not very bullish here. In range. Let's see.
1 109
Not a big fan of patterns but their psychology dictates bullish or bearish scenarios.
It's still in play and no confirmations.
Market is still with in the single day range of 8th July so nothing special other than gaps and volatile moves.
Yep, one can take advantage of the morning moves or tested setups during the day but its just that you have to be on the right side.
1 109
Many traders like opening range breakouts. I like it when the first bar is not so large and the next one or two bar are within the first bar.
The win rate might be less in ORB setups but you can make a home run when they work decisively.
1 109
On Friday's there is a general expectations for sideways market. The range is good enough though. Beyond this range would need a reassessment.
1 109
If I consider move from Jul 2 to 7 as a breakout of trend channel and waiting for a pullback, then yesterday's bearish move is not something that convinces me to go long.
This is not a kind of retest I like to trade. No doubt that today it is holding but it would need more evidence like another test of 23800 or so to decide what to do.
If price fails to sustain near this level, further downside to the bottom of the channel could be a possibility.
1 109
A typical range bound scenario- Nif Fut
Price reacts from resistance and then starts consolidating at the lower end.
Another range developed from 24000 to 24150. If it holds here and breaks out then upside possible. or else the range would stay for more time.
1 109
Today is a dangerous session. Morning pull and then going sideways.
Can't rule out gamma bursts on such days/expiry.
The idea is to control the risk.
1 109
I always prefer to trade Ideal scenarios in case of breakouts. Weak breakouts always stops you out. But this one is holding after the flush out.
1 109
Always notice where you are buying or selling- support or resistance?
And then manage your risk accordingly.
1 109
There is some selling pressure near 24k psychological number. Mkt ll try it's best to cross it.
I see a structure resistance at 24050.
1 109
A Put option chart
mkt hits option sellers and then option buyers. All this happening in the first 15 minutes.
Generally, you will notice that as an option's trader, most of your losses would pile up in the first 20-30minutes. This is because of highly volatile environment and nature of options.
Its best to rather wait for consolidations to understand what is happening- are buyers holding levels or sellers aggressive.
1 109
The market has been really erratic after 15 June gapup. It is getting sideways near previous swing high zone near 24100 but buyers are holding it buying every dip.
Weak option's movement due to such price action. Op sellers' mkt.
