tag:blogger.com,1999:blog-1149152227980228556.post3349343445198991294..comments2009-05-23T06:09:39.774+05:30Sudarshan Sukhanihttp://www.blogger.com/profile/04872255827781271211noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1149152227980228556.post-20441258329435723902009-05-22T21:57:14.850+05:302009-05-22T21:57:14.850+05:30namaskar sukhani ji,<br /><br />thanks for your views regarding developing a vision for trading.<br />btw i bought 3600 call based on your closing strategy given on wednesday but unfortunately had to book heavy losses on thursday as the call bought at 104 came down to 61.<br />how do you think i should have avoided making such a big loss. in the early morning/afternoon i did get a chance to square off the position on an almost cost to cost basis but did not square off thinking eventually it may end up giving me profits.<br /><br />don't you think it would have been better had you given a stop loss. moreover if cnbc gives a closing strategy, one they must sometime during the next day announce the exit strategy. moreover whatever closing strategies are given must be as a rule discussed and their success or failure reviewed by cnbc on the next day.<br /><br />i am an ardent fan of yours and really love going through your posts.<br /><br />warm regards<br />rajiv malik<br />rajivhtc@gmail.comrajv malikhttp://www.blogger.com/profile/16568666269173852382noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-55981498266369331932009-05-22T18:56:03.333+05:302009-05-22T18:56:03.333+05:30one more strategy for day trading would be to buy oversold on 5-min chart when the trend is up on the daily chart.<br />for example-the price is above 20-day EMA on the daily chart, hence construed to be short term bullish. on the 5-min chart buy when stochastics goes below 20 &amp; then rises above.Manishhttp://www.blogger.com/profile/02859004199392751697noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-7602585099475886472009-05-22T15:52:15.292+05:302009-05-22T15:52:15.292+05:30Sir, do u use Twitter..??Junaidhttp://www.blogger.com/profile/10996374832022555641noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-88294369331538415482009-05-22T08:50:32.757+05:302009-05-22T08:50:32.757+05:30Traders might find scenario based trading useful.<br />Use your strategy to enter and exit in addition to this strategy.<br />For today example of this stragegy is :<br />1st scenario: BUY<br />American markets closed negative. Nifty yesterday closed at 4219 and low was 4205.<br />It made a lower low yesterday. <br />Now today Nifty may witness a gap-down opening. So it may go below 4205 at start of the session itself.<br />So lower lows are continued.<br />Thus this gap-down marks a buyng oppurtunity for intraday targets.<br />Exactly When will you buy?<br />When Nifty makes a higher high on 15 minutes chart.<br /><br />2nd scenario: SELL<br />If Asian markets are rallying at the time of our market opening. Nifty may open flat to positive. In that case we will go up or come down.<br />If we go Up then wait for a suitable level to short and bring market below 4205.<br />NOTE: 4330 is the stoploss for your shorts.<br />If we come down then SELL and keep your targets below 4205. <br /><br />I want your suggestions, so that I can tweak it furthur.Tusharhttp://www.blogger.com/profile/04177724584786477437noreply@blogger.com