I would suggest crude oil, i dont trade in equity anymore just the IPO’s if i get them()
Have been studying crude since July now, getting consistent, i use below news and stats data to trade hope its useful.
today two of my cover orders were automatically squared off by zerodha while in loss, they said it was due to some technical error.
Still after the inventory data results i was able to get those in profit
Yes, I know about this When Funds are not available in the account and The Loss have crossed the highest permissible limit the order get auto squared off. ( I am not sure about this )
Yes this was 18th october 2017 trade, the square off you’re talking about is RMS, yesterdays trade were squared off due to some technical error they said, and they waived off brokerage for next trade but that doesn’t cut it because i lost my sell position at that point.
I usually buy/sell 100 quantity of CRUDEOIL Mini lot and exit in 5 points which gives me around 4K profit after 750 as brokerage and other charges like CTT, GST and Turnover charges.
For 1 point movement you either get 1000 rupees profit or loss for 100 quantities of CRUDEOIL Mini lot.
Currently i am using morning strategy, i start at 9.45am and check all the news regarding crude oil and check the general trend and also the WTI crude oil price as our market closes at around 11.30pm but US market is still open till around 2.30am and again it starts at 3.30am so there are price fluctuations and that is why crude opens at gap up or down at the beginning of our 10am indian market session.
Crude usually moves 5 points up and down from the morning sessions start, and the movement is slow compared to how it moves after 4.30PM, so as per the news and trends i put my Cover order in that direction and i am usually out within couple of hours as i get my 5 points.
Also one can check the API weekly data, EIA weekly data, Baker hughes rig count, OPEC news, IEA reports to gauge the trend and go into the trade with more analysis and predict as to where is the trend going.
@haribabu Scripts which are showing Avg Price 0.00 are they closed or Open???
I know in Stock Market your loss can be Unlimited (Untill you have funds in account Broker will not close your Postions) Just like your Profits can be Unlimited.
How You can face this much loss and how you recover this much loss?
@haribabu Yes sir, How can they close your positions if you have sufficient balance. Please let us know, if they still close the positions even after the balance due to whatever might be the reason, then its not acceptable
I am not sure about the other order types, i was on a coffee break at office and suddenly got an SMS from Zerodha and when i checked the kite on phone i was no longer holding the sell position and in loss, and surely the stock came down atleast 12 points after few minutes of the square off.
Some time, zeordha behaves pathetically. In this case yours is Cover Order, but does it also happen for the NRML @haribabu Sir you please shed some light on the same
This happen for every Order as per my knowledge.
If your Loss will start crossing the permissible limit as per the available funds in your Trading Account You Positions will be squared off.
Every Brokerage House do this.
But Yes, You receive a systen generated mail before the square square off of your positions to add more funds to Account. If you will not add more funds to cover that loss. Positions will be squared off. Because Brokerage House will not pay for your Loss from there pocket to exchanges.
All my positions are open. Zerodha does not update closing prices don’t know why? They show like that.
For Long position it will show huge profits and huge loss for shorts. Actual loss is about 20k. Still open. Hope today evening will do something to recover. Since most traders here are intraday may not know this. This is common for positional trading on Holidays.
)
)
