Augubhai's notes - Smarts, Guts and Luck

[augubhai]

reentered 6100pe at 54.6, and exited at 53.25. I hate it when there appears to be a reversal immediately after my SL is hit

 

[augubhai]

0.25% trade

6100ce long at 43.7

 

[augubhai]

0.25% trade

6100ce long at 43.7

out at 41.53

 

[augubhai]

long again at 43.3

 

[augubhai]

long again at 43.3

out at 43.4

My brain is a confused goo now.

I did not really have a plan except the 1% max loss for the day. When I was cautious, I took all bad trades, and left out all the good trades.

Then I decided to take all trades. Loss after loss after loss, I decided that the next trade is my last one, but that one brought MTM into green. No idea about the plan for tomorrow.

EOD MTM is about -1000, but with brokerage it will be a few thousands more.

 

[mkbsiva]

out at 43.4

My brain is a confused goo now.

I did not really have a plan except the 1% max loss for the day. When I was cautious, I took all bad trades, and left out all the good trades.

Then I decided to take all trades. Loss after loss after loss, I decided that the next trade is my last one, but that one brought MTM into green. No idea about the plan for tomorrow.

EOD MTM is about -1000, but with brokerage it will be a few thousands more.

Have a strategy.... without a trading plan, its always confused

watch this.... video... even chimps have a plan to execute their task...:clapping::clapping:

https://www.youtube.com/watch?v=A1WBs74W4ik

 

[TraderRavi]

Angubhai, now I am confused after seeing your trades..........

 

[augubhai]

first trade of tha day

0.5% risk

6100CE - long at 44.56

 

[augubhai]

first trade of tha day

0.5% risk

6100CE - long at 44.56

Added at 47.14.

Avg price now 45.72, SL at 44.9

 

[augubhai]

Added at 47.14.

Avg price now 45.72, SL at 44.9

Exited at 44.2