Augubhai's notes - Smarts, Guts and Luck

[augubhai]

1. Short at 5508.06, out at 5511.39
2. Short at 5508.03, out at 5511.89
3. Short at 5507.87, out at 5512.23
4. Short at 5507.75, out at 5511.88
5. Short at 5508.07, out at 5511.53
6. Short at 5507.67, out at 5511.66
7. Short at 5508.15, out at 5511.49
8. Long at 5524.54, out at 5520.19
9. Long at 5524.05, out at 5520.8
10. Long at 5524, out at 5521
11. Long at 5524.8, out at 5524.06
12. Short at 5524, out at 5554.45
13. Long at 5554.45, out at 5556

 

[sumosanammain]

So effectively you have lost in 21 trades total... 11 in a row and 1 worth 10 such trades.

And all this with full commitment... maning full margins, as you were facing issues to place sar orders.

You are down a huge amount of money today.
Was it worth it?

 

[augubhai]

So effectively you have lost in 21 trades total... 11 in a row and 1 worth 10 such trades.

And all this with full commitment... maning full margins, as you were facing issues to place sar orders.

You are down a huge amount of money today.
Was it worth it?

Was it worth it? No idea.

 

[sumosanammain]

Trade small.... take care... there will be many trades.....

Risking everything, or in your case almost 18 % of your equity on one single trade, when you are already down 35 od percent for the day is not a wise idea.

I think you assumed that you would see a linear movement, and that would pull you in the green for the day as has been on many days for you.

 

[augubhai]

Trade small.... take care... there will be many trades.....

Risking everything, or in your case almost 18 % of your equity on one single trade, when you are already down 35 od percent for the day is not a wise idea.

I think you assumed that you would see a linear movement, and that would pull you in the green for the day as has been on many days for you.

Sumo,

Thanx for you comments... I really appreciate it. But i have this habit of not taking advice (you know it)

I was trying something different. On that one trade - you would have also noticed that I shorted around 5524, didn't book when it went to 5480, and closed at 5554. So, it's different.... (like i said, i am my own psychologist)

 

[sumosanammain]

Sumo,

Thanx for you comments... I really appreciate it. But i have this habit of not taking advice (you know it)

I was trying something different. On that one trade - you would have also noticed that I shorted around 5524, didn't book when it went to 5480, and closed at 5554. So, it's different.... (like i said, i am my own psychologist)

Well, best of luck dear. Trade safe, and till you finalise a system, trade small. Markets are there for the next 1000 years.

 

[augubhai]

Perhaps this post will give an idea of what i was trying to do...
http://www.traderji.com/trading-diary/77732-augubhais-notes-smarts-guts-luck-123.html#post793917

See the wide SL's. Didn't quite work today.

 

[johnnypareek]

Sumo,

Thanx for you comments... I really appreciate it. But i have this habit of not taking advice (you know it)

I was trying something different. On that one trade - you would have also noticed that I shorted around 5524, didn't book when it went to 5480, and closed at 5554. So, it's different.... (like i said, i am my own psychologist)

Well,

Just drop here so I was too thinking to advice buy before that read ur answer. so zippppppp

 

[soft_trader]

yaar tum insaan ho ya computer?
Now i come to know what algo trading is?

Exactly!! While going through this thread I was also murmuring these words :lol::lol::lol:

 

[escape]

1. Short at 5508.06, out at 5511.39
2. Short at 5508.03, out at 5511.89
3. Short at 5507.87, out at 5512.23
4. Short at 5507.75, out at 5511.88
5. Short at 5508.07, out at 5511.53
6. Short at 5507.67, out at 5511.66
7. Short at 5508.15, out at 5511.49
8. Long at 5524.54, out at 5520.19
9. Long at 5524.05, out at 5520.8
10. Long at 5524, out at 5521
11. Long at 5524.8, out at 5524.06
12. Short at 5524, out at 5554.45
13. Long at 5554.45, out at 5556

Augubhai, I really appreciate your discipline with SL. But today, it seems you missed one and it caused heavy loss.