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

Thursday, July 30, 2015

30072015

Nifty gaped up above PDH and BRN. Long on BPB of BRN. Exited a BO above RN failed. Missed the down move. My order did not get filled. On expiry day play option strikes. Expiry days  are very quite unlike earlier. I wonder why.
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19 comments:

  1. TrekkieJuly 30, 2015 at 3:59 PM

    Thanks a lot ST

    ReplyDelete
  2. TrekkieJuly 30, 2015 at 6:05 PM

    ST where would you have exited.the short?

    ReplyDelete
    Replies
    1. SMART TraderJuly 30, 2015 at 6:25 PM

      Very difficult to go below 8400 being expiry.Price was lifted above 8400 by big money in the morning itself
      Exit when second leg failed to extend

      ST

      Delete
    2. TrekkieJuly 30, 2015 at 6:26 PM

      thank you very much ST

      Delete
  3. UnknownJuly 30, 2015 at 6:36 PM

    Can you expand your last sentence please, what difference you see in earlier and now expiry action ?

    ReplyDelete
    Replies
    1. SMART TraderJuly 30, 2015 at 7:37 PM

      It used to be very choppy especially during second half just like announcement days
      I used to avoid the session due to this reason.

      ST

      Delete
  4. salildaliJuly 30, 2015 at 9:24 PM

    I think volatility is less because of introduction of Round number option ie 8350 , 8450 , 8550 etc. Earlier their were only BRN options.

    ReplyDelete
  5. TrekkieJuly 31, 2015 at 4:00 AM

    Hi ST,
    Was there a shorter earlier than where you have marked or should we wait for complex pullback? Thank you.

    ReplyDelete
    Replies
    1. SMART TraderJuly 31, 2015 at 9:15 AM

      TST after the BOF is a good location to short. i hesitated as it was trending up like a type 1 day

      ST

      Delete
  6. TrekkieJuly 31, 2015 at 8:55 AM

    Good morning ST, Today is it better to use last contract's PDH/PDH or current one's? Thanks a lot.

    ReplyDelete
    Replies
    1. SMART TraderJuly 31, 2015 at 9:21 AM

      Current month chart could be more reliable it seems.

      ST

      Delete
    2. TrekkieJuly 31, 2015 at 9:36 AM

      Thanks a lot ST.

      Delete
    3. UnknownJuly 31, 2015 at 10:09 AM

      How you manage fresh month start ? with past month data it seems like gap up, however with current month data it opened inside, plod, phod.. which levels to use ?

      Delete
    4. SMART TraderJuly 31, 2015 at 2:33 PM

      Most of the professionals follow continuous current month chart
      Trade the levels that market respect. Dont attempt TST trades on such days

      ST

      Delete
  7. Lazy Trader 8July 31, 2015 at 9:36 AM

    Dear ST,
    Where would you place the stop for the first trade?

    ReplyDelete
  8. The SpeculatorJuly 31, 2015 at 11:47 AM

    ST,

    I have also see another strange phenomenon occurring on everyday basis.

    20-30 pts candles even in 1min charts...

    I think that's why you are locked out of good move and many trapped traders were forced to pay extra 20 pts loss.

    ReplyDelete
    Replies
    1. SMART TraderJuly 31, 2015 at 2:42 PM

      Volatility is good and bad. We will be shaken out more but rewards also can be bigger if we are on the right side
      At the end everything even out like Luck

      ST

      Delete

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