A new Life, A new Career, A new Dream - I am a Trader

[augubhai]

Taiki,

U could always do the analysis after market hours - unless the analysis is needed to execute live trades.

 

[sachin928111]

taki as u said u r determined to face the life as it comes but there are only two possibilities either u fail or succeed i wish u succeed but in case u fail u have to face only money problem all ur problems in life will have roots lies here. so i wud advise u to have proven system unless u have it do not leave ur job for practice in the beginning everthing looks good but wen u do not earn means u loose after so much hardwork u are loosing like minus marking wt u r loosing? first trading money second the money u could have earned while in job third while being in job u meet and interact with so many ppl make contacts and relations thsese things could help u in future but in trading u are missing all this its a very lonely job i always feel sleepy while trading. a proven plan is a must . finally i wish u to have that plan.
i wanted to wish u luck here but i have realised commited traders shouldnt talk abt luck at all.:thumb:

 

[Taiki]

taki as u said u r determined to face the life as it comes but there are only two possibilities either u fail or succeed i wish u succeed but in case u fail u have to face only money problem all ur problems in life will have roots lies here. so i wud advise u to have proven system unless u have it do not leave ur job for practice in the beginning everthing looks good but wen u do not earn means u loose after so much hardwork u are loosing like minus marking wt u r loosing? first trading money second the money u could have earned while in job third while being in job u meet and interact with so many ppl make contacts and relations thsese things could help u in future but in trading u are missing all this its a very lonely job i always feel sleepy while trading. a proven plan is a must . finally i wish u to have that plan.
i wanted to wish u luck here but i have realised commited traders shouldnt talk abt luck at all.:thumb:

Thanks Sachin for your valuable advice.

I am not afraid to fail, and in case i fail, no one is stopping me to try again. Yes money will be a problem during loosing time, but that is what i am saying, I am ready to face as it comes. And I have already left the job, and now there is no turning back.

Lets get commited then, lets not talk about luck, lets talk about hard work, and learning then..

Thanks again bro

 

[godfather]

Thanks Sachin for your valuable advice.

I am not afraid to fail, and in case i fail, no one is stopping me to try again. Yes money will be a problem during loosing time, but that is what i am saying, I am ready to face as it comes. And I have already left the job, and now there is no turning back.

Lets get commited then, lets not talk about luck, lets talk about hard work, and learning then..

Thanks again bro

all the best bro looks like raring to go....yes u said it correct hard work is the most important part....DO IT :thumb: 'It's hard to beat a person who never gives up

 

[Taiki]

1st Trade for the day

Bought 1 Lot of 6400 PE at 310.00, Stop loss = 303, Target = 325.
Target achieved and out at 325.

 

[Taiki]

EOD Summary

Today was a break even day. Nifty was range-bound, moving with a range of 30 points. Did only 4 trades today. My first trade gave me profit where the next two went into loss.

1. Bought 1 lot of 6400 PE at 310, Stop loss = 303. Exited at 325.
2. Bought 1 lot 5800 CE at 318, Stop loss = 310, Target = 326. (1:30 PM)
Exited at 315. As nifty formed a double top and started falling, I expected it to be range-bound in 6088 - 6075. So exited early.
3. Bought 1 lot 5800 CE at 320, Stop loss = 310, Target 330. (2:20 PM)
This time Nifty did second attempt to cross 6088, and did moved to 6092. But again failed back. This time i held onto my position and stoploss got hit.
4. Bought 1 lot 5800 CE at 325, Stop loss = 320, Target = 330. Exited at 330.


Total gain was 5 points, and this will go for brokerage.

Thoughts and Lessons

- Should have stayed out of that narrow range and should have entered only after a confirmed breakout.

- Or else should have kept a bigger stop loss below the LOD, But did not do that for protecting my 1st profit.

Anyway, Profit/Loss/Break-even it was just another day in trade's life.
But whoever are following this thread, can anybody suggest what would have been the ideal approach for my 2nd and 3rd Trade.

 

[timepass]

If you see a day being range bound, and if the capital is adequate, why not short some options (e.g. short CE instead of buying PE). In the last days of the expiry this can give decent returns, and you can set your stoploss as usual.

 

[Taiki]

If you see a day being range bound, and if the capital is adequate, why not short some options (e.g. short CE instead of buying PE). In the last days of the expiry this can give decent returns, and you can set your stoploss as usual.

Okay, Will check for this in june series.

 

[Biswajit Das]

Hello friends,

Finally I am out of the corporate slavery and now I am a full time trader.. It was a tough decision but the tougher path is ahead where I will be working from now on. All my time and energy will be dedicated to trading, learning, being discipline and enjoying my new life..

Starting the new thread, new diary, new career from today.. Best of luck to all my friends here, wish me luck too :thumb::thumb::thumb:

have a good luck !

 

[rakeshrajbhar]

Hello friends,

Finally I am out of the corporate slavery and now I am a full time trader.. It was a tough decision but the tougher path is ahead where I will be working from now on. All my time and energy will be dedicated to trading, learning, being discipline and enjoying my new life..

Starting the new thread, new diary, new career from today.. Best of luck to all my friends here, wish me luck too :thumb::thumb::thumb:

Hello!
I want start an investment firm with one of my friend. We are going to form an LLP for that. But I am bit confused about the registration of this firm. I mean under what business nature we should register our firm. We are basically investing our own money in some ratio. Please enlighten us.