Augubhai's notes - Smarts, Guts and Luck

[augubhai]

short 5744, SL 5750, T1 5719

T1 done

MTM +ve again.

It dipped much below my T1, but for now I will continue with hard fixed targets, to save on some brainwork (hope, imagination, etc)

 

[augubhai]

added shorts at 5727, SL 5733, T1 5703

 

[augubhai]

added shorts at 5727, SL 5733, T1 5703

T1 missed by 2 points. Hope it goes down again. i am not moving my target - it is few paise below 5703.

 

[augubhai]

reversed to long at 5728, SL 5722, T1 5766

 

[augubhai]

Support turned resistance at 5737. Break it and everything will be fine...

 

[augubhai]

Support turned resistance at 5737. Break it and everything will be fine...

Broken convincingly... now need to watch if BOF

 

[augubhai]

Bah... SL hit

reversed to short at 5722, SL 5734, T1 below 5700

MTM in red.

reversed to long at 5731, SL 5722, T1 5755

reversed to short at 5723, SL 5731, T1 below 5700

lousy day... 11 trades so far

had not noticed that I posted these message in a wrong thread

 

[augubhai]

Missed profit target by 2 points again. Hope it is not another kele ka chilka.

 

[augubhai]

Cancelled profit target. 3 reversal from near 5700, and my target was 5699.

 

[DSM]

Seeing your trades Augubhai, So much of time and energy (emotional and mental) is invested for small unpredictable trades. If you look out of the box, can other strategy be not more beneficial? Say you enter a trade with a 1,000 Rs. SL. Or 1% of position size as per your level of comfort. But these filtered trades can be high probability trades based on price action and market momentum. This will enable you to filter down to fewer but high quality trades with less screenwatching, and possibly more return. Check out there is another thread on price action.