diary of a day trader

[TraderRavi]

January 2011

Total Loss = 36932........highest monthly loss

trading days = 12....

80 % of the loss in the 3 stock options trade on 3 & 4 jan.....
.................................................................................................


As I completed a year in stock market , things were not good for me. I am feeling ashamed about losses....... but I guess I have to be honest to accept it........

IIFL : mostly intraday stocks trading.........

Feb 2010 --> - 12751
Mar 2010 --> - 35186
April 2010 --> - 30020
May 2010 --> - 26207
June 2010 --> - 08601

here , at this time, I changed my broker to RKG from IIFL..and started trading in Nifty options , but its a shame that with cheap brokerages, still losses.....

RKG : mostly Nifty options trading........

June 2010 --> - 03187
July 2010 --> - 05440
Aug 2010 --> - 25987
Sep 2010 --> - 33962
Oct 2010 --> - 12453
Nov 2010 --> - 01390
Dec 2010 --> - 14547
Jan 2011 --> - 36932

Total is around 250 K loss.........
Total investment (including software, RTData charges etc) = 300 K
Time for change ( is long overdue).........

 

[TraderRavi]

today turned 800 profit into 300 loss in Nifty options............jab tak mind control nahin hoga, kuch nahin hone wala.....same mistakes, daily ..365 days a year...(except holidays)...........

 

[TraderRavi]

bot 5400 put @ 92.7 then 5500 ce @ 80....cost @ 173.....cmp @ 169......cause not bot together...

 

[TraderRavi]

bot 5400 put @ 92.7 then 5500 ce @ 80....cost @ 173.....cmp @ 169......cause not bot together...

there are various methods for NF, but for nifty options....

 

[Easytrader]

Hi,

What i see here the balance statement i am holding well its much worse than yours i know its my fault disciple focus and patience i missed so got back what i deserved. Sill fighting with the same old factor patience focus & disciple. Even if i don't make it in the market still will never leave the effort because if i am determined to come out in green then i will because i haven't given my self any choice so no escape because i simply lov trading and trading is peace for me my Nirvana

Also wish you the very best hope you will find a way out soon..

A Legend by the name of Miyamoto Musashi a Swordsman from ancient Japan he fought over 60 duals in life and never lost. The secret was his findinding a Method a Method which made him so flexiable with change that he won every dual he fought. He got famous for his work called Way of strategy

So you see building a method working on it and making it work for you is the key to success.

Worship Patience Disciple and determination to achive then failure becomes your student. Thats what I have learnt and working on to improve

If you love this Stock Market then believe me You are a winner & don't forget to Thank God for making Stock Market

after all where there iz love there iz a way

 

[TraderRavi]

Hi,

What i see here the balance statement i am holding well its much worse than yours Thats what I have learnt and working on to improve

If you love this Stock Market then believe me You are a winner & don't forget to Thank God for making Stock Market

after all where there iz love there iz a way

hi easytrader....so whats update about your progress......

 

[Easytrader]

hi easytrader....so whats update about your progress......

Nothing as per now...just revising my trading methods and trying to eradicate errors and trying to refocus and see how i can improve myself so just trying to work on few things before taking new trades


what are you planning to do now....any new strategy in place...??

 

[meet444]

hi ravi i read your diary its very informative..i also call myself a beginner after having a 4 years experience in market.. im a mbbs student trades only when im free..
1.your trading style is having very risk
2.try to avoid overtrading
3.have strict SL
4.FOLLOW ONE TRADING TECHNIQUE
5.try to target your profit in a day like 500-2000 above that no trading
6.prevent trading wen loss are more in a day like 300-2000 depends on u below
that no trading.
7.AVOID DERIVATIVES DURING VOLATILE MARKET AS THEY CAN BECOME WEAPON OF DESTRUCTION
all these points will improve some what in your trading style..
i wanna share with u with my today trades
1.at 9:35 am bot RELINRA 50@683 target was 693 but went down to 675 i had STRICT STOP LOSS. sold 50@675 net loss= -382 really discouragement to start
2.at 9:51 am bot CIPLA [email protected] company posted bad results my SL hit
at 309 at10 am net loss came=-615
total loss= 997 a real discouragement
4.10.30AM now i looked at DLF showed very good and attractive charts good supply was comin so i bought 1 lot of DLF FEB [email protected]..
---10:32AM LOSS=-150(mtm){mark to market}
---10:37AM PROFIT=400(mtm)
---10:40AM PROFIT=800(mtm) now losses can be recovered charts were still attractive no signs of weakness shown:thumb:
---10:50AM PROFIT=1200(mtm) now i am in profit today what to do whether exit...naaaaa:cheers:
----10:55am PROFIT=600(Mtm) wat half profit eroded wat to do now
supply stil comin charts are showing good support above my level
----11:00AM TO 11:30AM PROFIT= 800 - 1200 :fatigue:
----11:31 AM boked PROFIT @ 239.20 PROFIT[/B]=1400:clap:
---- now im in profit but that is low TOTAL 1400-997= 403
5.11:45AM DLF feb fut down again bought 1 lot feb fut @238.40
--- 11:57AM DLF feb fut showing some resistance better to exit dont know what is the mood of this share better to exit with PROFIT = 200 sold at @238.60
TOTAL PROFIT=603 not bad recovered from loss
6. 1:30PM lets make some more profit i entered into TATACHEM FEB FUT 1 lot @ 336.50 somewhat at hight levels
---1:40PM LOSS=-600(mtm) will exit at 336.90
---2:30 PM TARGET HIT @336.90 PROFIT=200 :gunsmilie:
TOTAL PROFIT TODAY = 802 - brokerage 100(0.01%one leg)=700
-Made profit from loss how
1.strict SL
2. No overtrade
3. sticked to plan
4.no greed
5. used futures as weapon to gain profit easier

 

[TraderRavi]

Nothing as per now...just revising my trading methods and trying to eradicate errors and trying to refocus and see how i can improve myself so just trying to work on few things before taking new trades


what are you planning to do now....any new strategy in place...??

Reading some methods camrilla / intraday breakout / flow methods etc......

 

[stock72]

January 2011

Total Loss = 36932........highest monthly loss

trading days = 12....

80 % of the loss in the 3 stock options trade on 3 & 4 jan.....
.................................................................................................


[I
Total is around 250 K loss.........
Total investment (including software, RTData charges etc) = 300 K
Time for change ( is long overdue).........

I know i am not eligible to ask ... but how come not even in a single month it is not green ?