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Friday, 21 October 2011

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Futures trading - A lot of discipline required!

I have been trading the derivative segment for quite a long time.

In my early days of so called trading, I used to read many sites, blogs.
Used to watch business channels, always looking for some tips to buy or sell....

Every site mentions atleast 8 to 10 stocks to trade for a day.
Almost 7 of 10 stocks used to flop and 3 counters used to give returns.
Now the point is we cannot trade all the counters at a time.
But the next day, the blogger will talk about his 3 successful counters. 
He will not write a word about his losers. The trader holding that positions
 doesn't know what to do!

But my blog is purely and exclusively for "FUTURES TRADING ONLY".
I hardly give 3 to 5 counters to trade. Some times I give 1 or 2.
My motto is to give counters which are ripe for a trade.
Thats why I always strive to give exact trading levels and stop loss.
And most of the times, I try to follow up the counters I traded.
But due to time constraints, sometimes I may not.

Many bloggers used to mention " No future for futures trading".
Do you still feel so?

AFTER FOLLOWING MY BLOG, DO YOU STILL FEEL THAT THERE ARE 
INCONSISTENCIES IN MY BLOGGING? 
PLEASE FEEL FREE TO COMMENT!!!!!!!!!!!!!

2 comments:

  1. Dear Niftyreporter,

    I came across your blog while doing web surfing and following it regularly for last week or so. I am impressed with your recommendation. I hope you keep the good work and keep posting. I am in full agreement with your view about analyst flogging there winners while ignoring there losers. I have a request "Can you keep in the side bar your open request and move them to other side once closed?" that way one does not have to scroll the entire website

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  2. Dear Atul, thanks for ur valuable suggestions! I would wish to apprise u that providing full status report on my holdings will be an unjustifiable act towards my subscribers. I would advice u to get subscribed as my charges are nominal. Moreover this website is going to be a paid one soon! Regards...

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