Augubhai's notes - Smarts, Guts and Luck

[augubhai]

Enough of these multiple trades....

Going for longer trades (in 1 min charts, off course)

 

[DSM]

Same idea expounded by Mark Douglas in 'The Disciplined Trader'

Be rigid with rules, be flexible with targets.

Feeling jittery about the losses from the last 2 days, so introduced 2 changes today

1. Exit on Profit (no rules)
2. Hard SL 3-4 points from entry (earlier SL had no rule)

 

[augubhai]

Style 2 trades
-------------
1. 55C - shorted at 106.48

 

[augubhai]

Changed my style based on a half baked idea.... trading lesser qty, bcos SL is wider

Still checking charts to see if this style will work

Got jittery about the earlier trading style, though it works, I think.

 

[augubhai]

Style 2 trades
-------------
1. 55C - shorted at 106.48, 1/3 out 90.55,

 

[augubhai]

Style 2 trades
-------------
1. 55C - shorted at 106.48, 1/3 out 90.55, 1/3 out at 86.5

 

[augubhai]

Style 2 trades
-------------
1. 55C - shorted at 106.48, 1/3 out 90.55, 1/3 out at 86.5
2. 54C - shorted at 148,

 

[augubhai]

Style 2 trades
-------------
1. 55C - shorted at 106.48, 1/3 out 90.55, 1/3 out at 86.5, out at 73
2. 54C - shorted at 148, out at 134.08

 

[augubhai]

Confused trading today (well, what's different?)... so not posting charts

Just changed my style on a whim. Still need to check on charts if it will work

The other style was good, but too many trades (does not matter for options), and made me jittery. Maybe tomorrow, i will go back to the old style.

 

[muinali]

1. 57P - shorted at 137.13, out at 146.7 (MFE: 135.95)
kindly explain this line once