Augubhai's diary and notes

[augubhai]

NF trades:

1. Short at 10410, exit at 10416 = -6
2. long at 10422, exit at 10421 = -1
3. short at 10415, exit at 10400 = +15
4. short at 10388, exit at 10381 = +7
5. long at 10386, exit at 10401 = +15
6. short at 10401, exit at 10398 = +3
7. long at 10402, exit at 10393 = -9
8. long at 10402, exit at 10395 = -7

Brokerage of 5 points per trade not deducted.

 

[augubhai]

Whipsaw zone. Whenever I such trades, I think that I should not enter because it may whipsaw, but then i almost always take it because i am a student of the market. Trading with just 1 lot and tight also helps me takes these trades.

BNF trades:

1. Short at 10410, exit at 10416 = -6
2. long at 10422, exit at 10421 = -1
3. short at 10415, exit at 10400 = +15
4. short at 10388, exit at 10381 = +7
5. long at 10386, exit at 10401 = +15
6. short at 10401, exit at 10398 = +3
7. long at 10402, exit at 10393 = -9
8. long at 10402, exit at 10395 = -7
9. long at 10404,

Brokerage of 5 points per trade not deducted.

 

[augubhai]

BNF trades:

1. Short at 10410, exit at 10416 = -6
2. long at 10422, exit at 10421 = -1
3. short at 10415, exit at 10400 = +15
4. short at 10388, exit at 10381 = +7
5. long at 10386, exit at 10401 = +15
6. short at 10401, exit at 10398 = +3
7. long at 10402, exit at 10393 = -9
8. long at 10402, exit at 10395 = -7
9. long at 10404, exit at 10406 = +2

Brokerage of 5 points per trade not deducted.

 

[augubhai]

BNF trades:

1. Short at 10410, exit at 10416 = -6
2. long at 10422, exit at 10421 = -1
3. short at 10415, exit at 10400 = +15
4. short at 10388, exit at 10381 = +7
5. long at 10386, exit at 10401 = +15
6. short at 10401, exit at 10398 = +3
7. long at 10402, exit at 10393 = -9
8. long at 10402, exit at 10395 = -7
9. long at 10404, exit at 10406 = +2
10. long at 10425,

Brokerage of 5 points per trade not deducted.

 

[augubhai]

BNF trades:

1. Short at 10410, exit at 10416 = -6
2. long at 10422, exit at 10421 = -1
3. short at 10415, exit at 10400 = +15
4. short at 10388, exit at 10381 = +7
5. long at 10386, exit at 10401 = +15
6. short at 10401, exit at 10398 = +3
7. long at 10402, exit at 10393 = -9
8. long at 10402, exit at 10395 = -7
9. long at 10404, exit at 10406 = +2
10. long at 10425, exit at 10410 = -15

Brokerage of 5 points per trade not deducted.

 

[augubhai]

NF exited at 5251. Just a lot of wasted effort on a sluggish market.

NF trades:

1. Short at 5240, exit at 5251 = -11

Brokerage of 2 points per trade not deducted.

 

[soft_trader]

You are over-trading in BNF. Please stop this. over-trading is injurious to wealth.

 

[akhill]

You are over-trading in BNF. Please stop this. over-trading is injurious to wealth.

Moreover, having a 5 or 7 point stop loss in BNF is not practically feasible as BNF drifts over 6 or 7 points every minute, up and down..

 

[akhill]

Brokerage of 5 points per trade ?? i didnt really understand u ..

so for a day with 10 trades, ur brokerage is 10*5 = 50 points ?

in that case, only to beat brokerage itself, u have to make 50 points for no good reason (assumnig u do 10 trades per day) .

 

[soft_trader]

Moreover, having a 5 or 7 point stop loss in BNF is not practically feasible as BNF drifts over 6 or 7 points every minute, up and down..

Brokerage of 5 points per trade ?? i didnt really understand u ..

so for a day with 10 trades, ur brokerage is 10*5 = 50 points ?

in that case, only to beat brokerage itself, u have to make 50 points for no good reason (assumnig u do 10 trades per day) .

I agree with akhill. Instead of generating brokerage and taxes, what else you are doing? sometimes 10-15 points moves comes in BNF in no time, so you can't place a SL of 5-6 points.

Instead of making your broker rich, do one thing. Trade in BNF with a SL of 50 points, with that your success rate will be better, and also you will be able to manage your trade better.

I hope you would think about it. Wish your success in trading :thumb: