Confused day trader

[deadbrain]

Friends. I have converted Breakout Method into a working excel sheet now!

As usual just fill in details and know your targets. As simple as that!


Enjoy!!!:clap:

 

[SavantGarde]

Are You Sure You Want get Into Options....????

If You Are Sure Then This What I Can Suggest.

Writing (Shorting) 5500 PUT CMP 164.00
BUY 5300 PUT CMP 83.00

There Is One More Stage Of Writing (Shorting A Call) But That Would Be Dependent On The Next 7 Days Movement.... Which Would Determine The Strike Price...

I Would Still Dissuade You From Entering Options So Soon, Considering You Have Just Started Earning For Last Couple Of Days.

Market Is Not Going Anywhere...It Will Always be There Whenever You Are Ready To Embrace Options Segment.

Above Recommendation On Option Is Only If You Are Bull Headed.... No Pun Intended...

Happy & Safer Trading

SavantGarde

 

[deadbrain]

Today was a good day again.

As per SavantGarde's recommendations, I chose six scrips with a consistent performance in the past 12 months. For the first half an hour, I did apply Brokers Strategy (some genius has posted about BS on this forum), and there was a perfect day start with some profit. After 9.30 am, I started scalping methods (the sheet is attached above); all the targets were hit by the end of the day, but there was one blunder I did I must admit, which killed my earnings in just one instance.

Castrol was at 481 at about 10 am and as per breakout method, my upper breakout was supposed to be 482, but to my surprise after 481 it jumped to 492 with very heavy volumes. I thought some heavy buying is coming and forgot about all the rules/parameters and just thought of making hay while the sun was shining, I bought them, and the solar eclipse started. The stock took the U-turn and it was back to 480 in no time.

Now that I have been developing trading skills lately, I still need to learn on patience.


So, another lesson for newbies, BE PATIENT AND DO NOT GET SWAYED BY THE SUDDEN MOVEMENTS OF THE MARKET. IT IS BETTER TO BE A OBSERVER AT SUCH TIMES.

Best Luck next time!!:rofl::rofl:

 

[jagankris]

Thanks.What's your observation on Brokers Strategy trading ?

 

[aditya14]

i guess this thread is similar to the FAKE IPL Player only that bluff has been exposed......

 

[SavantGarde]

Suggest You Stay Away From CASTROL... Twice You Have Burnt Your Fingers Already.... You Have No Idea What Is Happening With This Scrip.... Or Who The Operators Are....Kapisch...!!!

Stay With The Most Liquid Ones... If You Want Continue....With Profitable Trading...

Days You Can't Figure Out What Is Happening With The Market Or A Particular Scrip..... Stay Away From The Market.

Happy & Safer Trading

SavantGarde

 

[SavantGarde]

What Is With You...Aditya... You Talk Most Times Like A Jilted Lover....
The Day...You See DOW Cow In Red You Go Through All Threads To Find Those Who Are Long... Telling Them How They Are Jacked...That's All I Have Been Seeing From You

SavantGarde

i guess this thread is similar to the FAKE IPL Player only that bluff has been exposed......

 

[Evilboy]

Today was a good day again.

Good to hear that. Trading can be really addictive. I have gone through that phase where sometimes you try trading based on your thinking rather than what the market is telling you.

 

[deadbrain]

SavantGarde...... Suggest You Stay Away From CASTROL...

Thanks, I think your expert guidance is like a ray of light to keep me going. I am going to place skip this scrip only in observation for now.

Friends, you may find all the details of Brokers Strategy in this forum itself. Please use search options. Just a little of homework is needed before you take position. Paper trade to check its worthiness. It does not work in gap openings though.

I have learnt a lot from this board itself and trying to elicit my experiences to other learners.


P.S. Aditya, should not it be better for you to back test the strategies I have opted(they are not my own anyway) before you open your mouth and spray fakeness.

 

[aditya14]

What Is With You...Aditya... You Talk Most Times Like A Jilted Lover....
The Day...You See DOW Cow In Red You Go Through All Threads To Find Those Who Are Long... Telling Them How They Are Jacked...That's All I Have Been Seeing From You

SavantGarde

Thats a priceless comment and made me smile.Savant sir i have lost the will to fight the markets now so my comments should be taken with a large pinch of salt.......

But i still make decent money doing what i advise against doing lol

-Jilted lover!!!!!