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

[godfather]

Another range-bound day where Nifty gave a nice attempt for coming out of the range during the last 30 min of the day. Did 2 trades today, one went into loss while I was breakeven on the 2nd trade.

1. Bought 5800 CE at 335, Stop loss = 328, Target = 350.
It was when Nifty tried to take out the day's high around at 1:30 PM. Stop loss got hit.

2. Sold 5800 CE at 330. With a stop loss = 335, and target 320.
But immediately after this trade i realised this was unplanned, and i did it only for my 1st trade did not work out. I decided to get out in no time. Luckily I exited at 330.

So overall a loss of 7 points. Plus brokerage is to be cut.

Thoughts and Lessons

I was little frustrated today as market was giving another tight day. Need to learn to control my emotion and wait patiently for suitable entry. I found myself being impatient for a trade opportunity.

Stay alert for entire 6 hours of market running. I was bit jaded by 3PM with a mentality like its already near to closing hour. But at that time Nifty made the last upmove which i could not pick.

By the way, now I am going through Smart_Trade's teaching from "Thought on Day/Swing Trade". Thanks ST bhai for the amazing thread. :thumb:

good....lessons to be in mind always...its important to know where is ur weakness...i got my hands boiled ...all the best....:thumb:

 

[rahulji]

i am late but ALL THE BEST BRO.... Wish u all the best..

 

[Taiki]

Well, ended the week with a profit note too, but apart from the 1st and last days of this week, in between, i had one day of loss, one day of break-even, and a third day of little profit.

Today i did only one trade, but missed a second short opportunity from 6060 level, and that missed signal turned out to be a handsome profit.

1. Bought 1 lot of 6000 PE at 67, exited at 77. Gain of 10 points.

Thoughts and Lessons

So overall, this week was good for me, even though my gain is little lesser than it could have actually been. But got the feeling of being a full time trader, feeling more confident. The week was a good learning experience.

Lesson for today is I need to be a little faster in executing the trade. During my first trade, i had thought of adding more positions twice, but missed them because my preffered price levels got crossed too fast.

Need to find some work around for the second missed trade.

 

[anuragmunjal]

Well, ended the week with a profit note too, but apart from the 1st and last days of this week, in between, i had one day of loss, one day of break-even, and a third day of little profit.

Today i did only one trade, but missed a second short opportunity from 6060 level, and that missed signal turned out to be a handsome profit.

1. Bought 1 lot of 6000 PE at 67, exited at 77. Gain of 10 points.

Thoughts and Lessons

So overall, this week was good for me, even though my gain is little lesser than it could have actually been. But got the feeling of being a full time trader, feeling more confident. The week was a good learning experience.

Lesson for today is I need to be a little faster in executing the trade. During my first trade, i had thought of adding more positions twice, but missed them because my preffered price levels got crossed too fast.

Need to find some work around for the second missed trade.

[/COLOR]

Dear Friend..

pls share the 'work around' with me the day you find it.


regards

 

[Taiki]

EOD Summary

A decent day to start the week. Did only one trade today and closed with green. But need to work on adding size while in profit.

1. Bought 1 lot 5900 PE at 75. Stop loss = 70, Target = 85. Out at 85.

A gain of 10 points.

Thoughts and Lessons

I missed the early fall of Nifty from 6000 to 5970 level. I had planned to take the trade but for some reason did not feel confident. So to trade safe just took the fall from 5970 to 5940.

Need to learn on increasing the positions on profit.

 

[Taiki]

[/[/B]COLOR]

Dear Friend..

pls share the 'work around' with me the day you find it.


regards

Hi Anurag,

For the time being I just tell myself to "let it go, many more opportunity will come. You are not here to catch the every move"

I think the solution lies in perfecting the entry and exit timing.

Good luck

 

[Taiki]

1st Trade of the day

Bought 2 lots of 6000 CE at 87 (avg) and sold at 93. Profit of 6 points

 

[godfather]

bought 6100 ce @ 44 and sold @ 50

 

[gunadevi]

Best Wishes...


:thumb:

 

[Taiki]

EOD Summary

Ended the day with a breakeven. I was in profit during early part of the day. But could not resist to the urge to trade, and lost my profit for the day.

Did only two trades

1. Bought 2 lots of 6000 CE at 87 (avg) and sold at 93.
2. Bought 2 lots of 6000 CE at 91.6 (avg), Stop loss = 86, Exited at 86.
3. Bought 2 lots of 5900 PE at 72(avg), Stop loss = 66, Exited at 66.
4. Bought 2 lots of 5900 PE at 76, Stop loss = 71, Target = 82. Exited at 82.

Net gain of 0.4 points. But after brokerage I will end up with loss.

Thoughts and Lessons

- Need to be more disciplined and attentive while taking the trades.
- Few trades were taken today before the close of the candles, Need to be more patient.
- I was a little carried away after the profit on first trade an took everything for granted. Need to stay grounded. Profit or loss are just part of the game.