Market Profile - Order flow - Nifty futures - BNF - 2005 started with markets - 10 years as full time trader - 6 years @greentickz
India
Joined August 2010
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RK retweeted
Daily market summary,plan charts and data of NF - 03Sep'25 greentickz.com/post/daily-ma…
RK retweeted
Daily market summary,plan charts and data of NF - 28Aug'25 greentickz.com/post/daily-ma…
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Two ways to approach trading :
a) focussing only about making money
b) learning to understand auction context and in that process making money.
What is the difference?
In option A, focus is mostly on how much to bet, where to bet, where to part book and where to exit etc.
If stopped then thinking again whether double bet or lower the size and enter etc. Mostly on toes thinking about profit/loss, placing self under pressure when price lures/beats all day.
In option B, focus is with, where is Nifty? what is it doing? is it doing good or bad job?
good means what zone to hold and what to expect next? If bad means what to be probed next? where should be the invalidation? etc.
Experienced stick to think in the lines of option B.That is objective/process based monitoring auction..
This way of focus and approach helps to avoid random/revenge trades as you are delved in monitoring auction and tracking movement of NF than in the urge of thinking about money made or lost..So, going with approach B results in higher survival rate. Survival is key. Longer you survive you will come across many factors in trading world to finetune yourself to reach the destination whatever you are planning.
RK retweeted
Daily market summary, plan, charts of NF and charts, data of BNF - 01Feb'25 greentickz.com/post/daily-ma…
RK retweeted
OAOR Nuance:
Large outside day and weak close on Fridays and then Monday gets follow through open means mostly we get lesser whips in morning and gets good extension on open side. Being start of week thats good open to set weekly range moves.
Our charts were also confirming our premarket bias so we played shorts from 23005 to 22905 based on above nuance.
RK retweeted
Daily market summary, plan, charts of NF and charts, data of BNF - 23Jan'25 greentickz.com/post/daily-ma…
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Daily market summary, plan, charts of NF and charts, data of BNF - 22Jan'25 greentickz.com/post/daily-ma…
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Based on these two factors we were not expecting any big breakdown today and wanted a mean reversion only for close. Took a minor whip via CE first then got the move right via futures into close.
RK retweeted
Daily market summary, plan, charts of NF and charts, data of BNF - 21Jan'25 greentickz.com/post/daily-ma…
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Today Sebi released a detailed study on the P&L of individual traders in F&O 1) No of F&O traders zoomed - 7.1 lakh (FY19) to 45.2 lakh (FY22)
2) 89% made losses in FY 22. Avg loss of 1.1 lakh.
3)11% made profit. Avg of 1.5 lakh.
4) Top 1% traders account for 51% of netprofit
RK retweeted
@kotakneo @SEBI_India @udaykotak @NSEIndia What has happened today is totally unacceptable by any standards.. Their system works for few mins then its gone. As a trader i do not carry any positions but today i m forced to carry because your system did not allow.
RK retweeted
So, if you suffer from impatience:
1. Calculate the cost
2. Find the cause
3. Brainstorm the solutions
4. Choose the one most likely to be effective
5. Make a plan and implement it
6. Assess the impact going forward
This is how you progress.
And it works for endeavour.