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

Thursday, September 25, 2014

25092014


Nifty opened above PDC and sold. Went short on BPB  of BRN. TP when it bounced from PDL. There was another BPB at PDL to short. Skipped as I expected some chop due to expiry
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16 comments:

  1. UnknownSeptember 25, 2014 at 4:16 PM

    Hi ST

    Where would have been the entry for the second short?? (BPB PDL). Below 7940??

    Thanks

    ReplyDelete
    Replies
    1. SMART TraderSeptember 25, 2014 at 4:19 PM

      Below 7940 with SL above RN 7950
      Need not wait for SL exit when price move above flip

      ST

      Delete
  2. TrekkieSeptember 25, 2014 at 4:33 PM

    Hi ST,
    Could we say there was no manipulation today or did the overweight market just crash?

    ReplyDelete
    Replies
    1. SMART TraderSeptember 25, 2014 at 6:50 PM

      Big money always manipulate markets.
      I feel the up move of 18092014 was manipulated to trap longs and eat premium

      ST

      Delete
  3. nirtosSeptember 25, 2014 at 4:47 PM

    MY TRADES :http://screencast.com/t/hBKQCMRintk
    LAST TRADE : http://screencast.com/t/yMdillpQsEsZ

    ReplyDelete
    Replies
    1. SMART TraderSeptember 25, 2014 at 6:59 PM

      Third trade was within a range formed around RN.
      That too on an expiry day. Let the price prove that it is going to move away before entering the trade

      ST

      Delete
  4. kishoreSeptember 25, 2014 at 5:26 PM

    Hi ST,
    The place where you TP was a BOF PDL right ?

    rgds
    Kishore

    ReplyDelete
    Replies
    1. SMART TraderSeptember 25, 2014 at 7:02 PM

      Yes. But it moved just 2 points below PDL

      ST

      Delete
    2. kishoreSeptember 25, 2014 at 8:04 PM

      ST,
      You ignore tails right for PDL ?
      So how come its just 2 points ?
      I took that BOF long above the pivot .Please comment

      Between I closed this month with 4% loss .
      But better than I expected .

      thanks
      Kishore

      Delete
    3. nifty for breadSeptember 25, 2014 at 9:15 PM

      Sir,

      As per my chart, the penetration was more, if we exclude the tails. Should we see how far the tail extreme has been penetrated for taking PDH/PDL BOF?

      Thanks,
      S.Karthikeyan

      Delete
    4. SMART TraderSeptember 25, 2014 at 11:20 PM

      Right. It could be more. I did not measure it.I took the near round number 7960 as PDL
      Anyway after the BOF price went to FTA ,the earlier swing high, the last impulse low which acted as a flip
      Market gave more than enough time to exit the trade at a profit or at break even. Hope you might have used the opportunity
      Being expiry day , my focus was on RN 7950. Price was pushed down below 8000 strike in the morning itself. Now the question was whether bulls will be able to arrest the fall at 7950 or not. Then price made lower highs and lower lows . Then a breakdown.
      We cannot make some rules for price action like minimum 5 point overshoot is required like that.It is up to you to decide.

      ST

      Delete
    5. nifty for breadSeptember 26, 2014 at 7:19 AM

      Sir,

      Thanks for the guidance.

      S.Karthikeyan

      Delete
  5. rockySeptember 25, 2014 at 6:14 PM

    how many points s/l you took per trade?

    ReplyDelete
  6. rockySeptember 25, 2014 at 6:18 PM

    http://i62.tinypic.com/34nmvps.png

    ReplyDelete
    Replies
    1. SMART TraderSeptember 25, 2014 at 7:07 PM

      I do not trade expiry day afternoon session
      Especially around RN and BRN which are option strikes

      ST

      Delete

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