Augubhai's notes - Smarts, Guts and Luck

[augubhai]

long 6100PE - entry 51.36

 

[augubhai]

This diary has become pointless.... let me stop posting for sometime, and focus exclusively of the trades...
will post summary EOD

 

[augubhai]

got account back to 0%. at one point MTM had gone to -2.06%

Since I stopped browsing, I think it is helping me. I was putting all charts and Zerodha Trader in a single laptop. Since I was monitoring both Call and Put on 1 min charts, the charts were congested, and I was not getting much perspective.

Now I put all the charts on a second monitor, and am looking at the big charts in 1 min and 5 min - for perspective only. But all trades are based on gut feel, and the quotes in Market Watch.

 

[augubhai]

See-saw MTM

From 0 to -0.44% to +0.48% to +0.11% to now +1.51% of capital

Squeeezed the last move. Should have piled on bigger.

 

[augubhai]

I am betting that if NF doesn't go to 6074 soon, it will crash.

My buy stops in 6100PE in start at 45.5, and then quick adds.

 

[augubhai]

Almost done for the day. I have my stops, and if they are hit i am in the trade. But not monitoring the charts actively.

Market went down a bit, but not too my liking. I entered 3 times hoping for a big down, but SL hit everytime.

Current MTM +0.81% of capital (post brokerage, I think that is a slight green)

 

[augubhai]

Already at a MTM loss of -0.62%. took 4 small size trades hoping for an early move.

Will now wait for the price to touch the last pivot highs to take fresh trades with small lots.

 

[augubhai]

Jump in Put caught me by surprise- triggered 3 of my stacked Buy stops. Had opportunity to book at 59 and go green, but waited for SL hit at 55.

MTM -0.56%

 

[augubhai]

Small range around 6050. Cigarette, anyone?

Sum Anal-ysis, bcos nuthin else 2 do:
Expiry day. Any deviation out of the range, like the one at 9:46, will be snuffed out quickly. But if something throws it out of balance - say a move 20 points from this range, and it stays there for a few minutes - then the operators will have a tough job getting it back in range.

 

[augubhai]

Another quick move out of range. This time in Calls. Played it bad.

MTM -0.98%