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

[Tlahuicole]

So you have done a great job and followed your system strictly and stayed in sideline. You did not attempt trades randomly after looking falling market and with no signals from your system. So cheer up brother.. :thumb:

Regards
taiki

Yeah bro sure, and with one lot you are playing very well as per my view, keep on playing well and increase lots

 

[Taiki]

Hi Taiki, I am in the process of learning TA and setting up a system for me.. becoming a full time trader is my dream.. may i know how is your career as a full time trader (in terms of profit and loss, work pressure and feeling of being your own boss etc..)?

Hello Mr. Perfect,

This has been a very nice journey so far and I am enjoying my every day as a trader. In terms of profit and Loss my first 2 months had been breakeven, and this is the 3rd month going on, and I am standing now with profit. Looking to close this month in green as well.

Work Pressure - Well, I dont feel any pressure as it is rightly said that when your hobby/passion becomes your job everyday is like holiday. and I am loving my life as a trader. As I now with every passing by moments and with every trade I am getting one step close to my dream.

Being my own boss - This is one of the toughest task I found initially. During the bad days you have to motivate yourself and have to look for the next trade taking points from the past loosing trade or loosing day. And in case of profit you have to control your emotion for not being carried away and to stay grounded.

Overall the role is challenging, the situation is demanding, and I am loving every moment of it. At night I try to unwind and relax but actually I am just counting the hours for next trade session.

Good luck brother for your journey. Travel well :thumb:

Regards
Taiki

 

[Taiki]

Trade Setup for 20th August 2013

30 M Chart (S/R lines)

On upside S/R lines are at 5420, 5460, 5500
On downside S/R lines are at 5370 (Yesterday' Low), 5330, 5300

3 Min Chart (Trading Area)

Price continued its downtrend in previous session with bearish projection and omentum was clear in bears. I last hour bulls gave a try to recover from day's low. But overall trend remains down.

Global Index Update
US & UK market ended down, Asian market are in red, while SGX Nifty is trading at -0.7%. So more downside to be seen in Nifty.

Trade Area

1. BPB/BOF/TST at 5420
2. BPB/BOF at 5370
3. BPB/BOF at 5330
4. BPB/BOF/TST at 5300

Regards
Taiki

 

[Mr.Perfect]

Thanks Taiki, appreciate your detailed response... All the best.. :thumb:

 

[Taiki]

1st Trade = Now Long on NF at 5335, SL = 5328, Risk Zone at 5348

Regards
Taiki

 

[Taiki]

1st Trade = Now Long on NF at 5335, SL = 5328, Risk Zone at 5348

Regards
Taiki

As I was posting this price reached 5348, SL is moved to breakeven, will close this trade at any sight of weakness, it may form a double top

Regards
Taiki

 

[Taiki]

As I was posting this price reached 5348, SL is moved to breakeven, will close this trade at any sight of weakness, it may form a double top

Regards
Taiki

Closed the long at 5345, gain = 10 points

Regards
Taiki

 

[Happy_Singh]

me was trying to be greedy bnf long from 8980 . . . trgt 9090 missed by 0.85 paise

out @ 9078 . . .

 

[Taiki]

Closed the long at 5345, gain = 10 points

Regards
Taiki

Price crossed 5350 , it is heading up, next setup is near 5370, if bulls will take a hit there then that may give a good short trade

Regards
Taiki

 

[Tlahuicole]

Closed the long at 5345, gain = 10 points

Regards
Taiki

Was trying Saint's first fifteen min break out strategy today and its so far good

Went long at 9007 and still holding