diary of a day trader

[nifty disiplined trading]

sold yesterdays position 5700 call 200 quantity @ 122. ( yesterday call closed at 140.85 missed so much profit due to mistake at closing)

1- bought 5900 put 200 quantity @ 86 exited @ 85.75
2- bought 5700 call 200 quantity @ 115 exited @ 114.85
3- bought 5700 call 200 quantity @ 109 exited @ 113.20
4- bought 5900 put 200 quantity @ 93 exited @ 90.80
5- bought 5900 put 150 quantity @ 88 exited @ 87.30
6- bought 5700 call 100 quantity @ 123.50 open position

in every trade i was getting profit but i am trend following guy :annoyed: didnt book it. some how managed to exit all positions near cost to cost.

had taken 200 quantity every time. but last trade thought only few time left to close market. so taken 100 quantity. :annoyed:

conclusion-

never think between market hour. let the system think. :annoyed:

 

[Smart_trade]

Could catch the last upmove....the day is saved.

ST

 

[TraderRavi]

stooped out in 5800 CE.........but got this uptrend in BNF calls , still exit was not that good , I thought VWAP lagega, but maja to aayo.............:clap:

 

[TraderRavi]

this last upmove made good day.......:thumb:

 

[TraderRavi]

people have bot loads of puts ......so market cant fall till expiry.........

 

[stock72]

will surprise if open gap down ? if so why ?

Abnormal nifty movement, wont be surprised if nifty opens with a huge gapup on thursday.

 

[HEM]

One question Smart_trade da, HEM , Ravi and all who are trading NIFTY and BNF.

Do you people keep fixed no. of qty for every trade? or does it change from trade to trade as per risk?

I have been trading stocks for intraday want to add nifty to trade on regular basis... I keep different qty in every stock and every trade as per risk. How should i go with nifty.. as initially i will keep low risk, if i go with qty as per risk then qty will not match the risk.

Is it ok if i trade fixed no of nifty initialy? e.g. 100 nifty in every trade regardless of risk

thanks and happy trading:thumb:

Dear rkripal,

Daily i trade in NF/BNF always with fix quantity......... after entry with fix quantity if trade goes in my favour then i take add with also fix quantity.......and if trade goes against me then i exit immediately from that losing trade according to my SL without any hesitation( quick decision without second thought).....and partial profit booking is also in certain quantity in certain level according to trade.

i don't fix quantity according to SL(or risk) for every trade ....... every time my entry and add is fix and SL is also fix(according to chart) then i don't care the size of SL because they are always normal not bigger ............ every time my SL are in the limit of my max risk appetite.

My daily total quantity for NF/BNF is according to my capital and according to my daily max risk appetite .

So, you should trade in NF with fix quantity and according to your risk appetite.


Best Wishes
HEM

 

[rkripal]

Thanks a lot ST da and HEM for taking time and posting reply

:thanx::cheers:

 

[friendforevers0007]

Dear rkripal,

Daily i trade in NF/BNF always with fix quantity......... after entry with fix quantity if trade goes in my favour then i take add with also fix quantity.......and if trade goes against me then i exit immediately from that losing trade according to my SL without any hesitation( quick decision without second thought).....and partial profit booking is also in certain quantity in certain level according to trade.

i don't fix quantity according to SL(or risk) for every trade ....... every time my entry and add is fix and SL is also fix(according to chart) then i don't care the size of SL because they are always normal not bigger ............ every time my SL are in the limit of my max risk appetite.

My daily total quantity for NF/BNF is according to my capital and according to my daily max risk appetite .

So, you should trade in NF with fix quantity and according to your risk appetite.


Best Wishes
HEM

and daily how many scripts you trade and at a time how many scripts you are in..

 

[rohitsx]

will surprise if open gap down ? if so why ?

bro i am a price action trader , my trades are based on the behaviour of price at key inflection points . The last hour price movement tells a story in itself ,only you should have an eye to spot it.

when i say huge gap, it means atlest 50 points . SGX nifty already trading 50 points higher than our close .

i wont even rule out nifty expiry above 6000.