Hello Everyone,
Coming back to TJ after a short break, Used the time in learning about psychological aspect of trading, money management, building my trading system from scratch that suits my style of trading and psychology, back-testing and gaining confidence on the system.
After much experiments with different trading strategies, I found out, to me intraday trading is way too fast, where as swing trading seemed way too slow. Therefore wanted to build my own set of rules for short term trading, where I will hold the trade from few minutes to few days. From back test result this set up has shown a 55-60% winning probabilities where as failing for 40-45%, with a average R:R as 1:3.5. Going to start trading live the system from FEB series.
I got buy signal today at 6082, and took long position in FEB series NIFTY FUT. Kept the position open for tomorrow.
Regards
Taiki