Augubhai's diary and notes

[augubhai]

BNF trades:

1. Short at 10343, exit at 10310 = +33
2. short at 10304, exit at 10299 = +5
3. long at 10291, exit at 10293 = +2
4. short at 10285, exit at 10290 = -5
5. long at 10299, exit at 10317 = +18
6. long at 10330, exit at 10326 = -4
7. long at 10340, exit at 10346 = +6
8. long at 10362, exit at 10363 = +1
9. long at 10378,
will reverse if SL hit

Brokerage of 5 points per trade not deducted.

 

[augubhai]

1. Short at 10343, exit at 10310 = +33
2. short at 10304, exit at 10299 = +5
3. long at 10291, exit at 10293 = +2
4. short at 10285, exit at 10290 = -5
5. long at 10299, exit at 10317 = +18
6. long at 10330, exit at 10326 = -4
7. long at 10340, exit at 10346 = +6
8. long at 10362, exit at 10363 = +1
9. long at 10378, exit at 10363 = -15
10. short at 10363,

Brokerage of 5 points per trade not deducted.

 

[augubhai]

BNF Trades:

1. Short at 10343, exit at 10310 = +33
2. short at 10304, exit at 10299 = +5
3. long at 10291, exit at 10293 = +2
4. short at 10285, exit at 10290 = -5
5. long at 10299, exit at 10317 = +18
6. long at 10330, exit at 10326 = -4
7. long at 10340, exit at 10346 = +6
8. long at 10362, exit at 10363 = +1
9. long at 10378, exit at 10363 = -15
10. short at 10363, exit at 10360 = +3

Brokerage of 5 points per trade not deducted.

Stopping BNF trades for today.

 

[augubhai]

Aggressive exits did help in some cases, but gave whipsaws in the longer moves.
It was obvious from the start that this would happen, but I had hoped that the help would be more than the whipsaws.

Anyway, for now I have decided that I an no Paul Rotter to trade any more aggressively. i am a lazy fellow that wants to catch the big moves. So from tomorrow, will trade BNF lazily with wide stops.

Thanks for the mails that set me thinking about it!!

 

[PartTime_Trader]

Hello

Try using a higher time frame than the one you are using.

Very basic intra-day systems on BNF can give us a moderate 400-450 points/month, but the problem with most of us traders is the inability to trade a system with 30-35% winning ratio. From your Journal looks like you should be able to trade this kind of system.

i am sure you already have something you can use, if not i can suggest you something, how do i get in touch with you?

Cheers


the below snapshot with approximate 5 months of data

 

[augubhai]

NF trades (daily range breakout):

1. Short at 5213, exit at 5208 = +5
2. long at 5220, exit at 5238 = +18

Brokerage of 2 points per trade not deducted.

 

[augubhai]

nilu system reentered long.

bought future at 5239, 5200 put at 66

 

[augubhai]

Hello

Try using a higher time frame than the one you are using.

Very basic intra-day systems on BNF can give us a moderate 400-450 points/month, but the problem with most of us traders is the inability to trade a system with 30-35% winning ratio. From your Journal looks like you should be able to trade this kind of system.

i am sure you already have something you can use, if not i can suggest you something, how do i get in touch with you?

Cheers


the below snapshot with approximate 5 months of data

Low win ratio is not an issue for me, as long as i am convinced about the system's ability to be profitable in the long run. My Nifty intraday trades are based on range breakouts. In that system, I have had 2 consecutive months with 95% losing days, and the month after that i was able to make more and come out feeling like Jo Jeeta Wohi Sikandar.

I tried to PM you, but I think it's not enabled for you. If you could share the system, it would really help.

 

[PartTime_Trader]

Low win ratio is not an issue for me, as long as i am convinced about the system's ability to be profitable in the long run. My Nifty intraday trades are based on range breakouts. In that system, I have had 2 consecutive months with 95% losing days, and the month after that i was able to make more and come out feeling like Jo Jeeta Wohi Sikandar.

I tried to PM you, but I think it's not enabled for you. If you could share the system, it would really help.

I don't have access to PM on this forum, but seems you are also member of other trading forum where i can send u a PM, plz confirm that you are using the same ID.

Thanks

 

[augubhai]

NF intraday trades:

1. Short at 5281,

Brokerage of 2 points per trade not deducted.