A lot of people watch the #SGX pre and post close , and I know whatsapp and telegram groups are always focussed on the #Sgxnifty moves post our close.
New guys think what happens on SGX gets carried to Nifty next day .
Misconception NO 1.
New guys think what happens on SGX gets carried to Nifty next day .
Misconception NO 1.
Most SGX traders are short term traders and capitalise and close gains within hours.
This is the reason you won't see a follow through at the open. They are fixated on the global front and if that changes they move out.
The added hours help them to do so.
This is the reason you won't see a follow through at the open. They are fixated on the global front and if that changes they move out.
The added hours help them to do so.
You will see memes of a drunk woman at night and a sober lady in the morning for SGX justifying the moves which took place overnight :)
A little bit of fun does not hurt
Reality -Open opportunity was closed in huge profits by funds who show up next morning with big big smiles
A little bit of fun does not hurt
Reality -Open opportunity was closed in huge profits by funds who show up next morning with big big smiles
A lot of people are not aware that for the same 100 points of Nifty move, an SGX trader makes 3X the amount of money you and I make
If you had a 100 point win in NF, you make 5000 per lot
Your SGX friend made about 15,000 INR @75 to the dollar
Same work
Return 3X.
If you had a 100 point win in NF, you make 5000 per lot
Your SGX friend made about 15,000 INR @75 to the dollar
Same work
Return 3X.
Every point move on the SGX is $2. For the same margins. Do the math
And there are no option traders to come and spoil the fun. Clean moves based purely on what the US and European markets do.
Why will he wait for our Option maharathi's to come and spoil the fun in the morning.
And there are no option traders to come and spoil the fun. Clean moves based purely on what the US and European markets do.
Why will he wait for our Option maharathi's to come and spoil the fun in the morning.
Truth be told, the 2 markets are very different and operate differently.
Many people waste their time watching SGX and expecting a follow through next day.
Some people even waste their holidays :)
All the information relevant to our market, is already in our price.
Many people waste their time watching SGX and expecting a follow through next day.
Some people even waste their holidays :)
All the information relevant to our market, is already in our price.
So it is simply this at SGX.
See profit . Book profit
Wouldn't you and I do the same?
Except they made 3X for the overnight work
Some party that is.
See profit . Book profit
Wouldn't you and I do the same?
Except they made 3X for the overnight work
Some party that is.
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