Diary of Paper Trading BankNifty

[reachjj]

It fell to 12280 levels again after failing to break 12325.....

 

[reachjj]

At last it broke the resistance of 12325 and made a high of 12373....almost 50 Points...

Today we saw very high volatility....and on downside it didnt break the support of 12240 and it found support little higher at 12256.......

 

[reachjj]

Closed the week with 250 Points...... total till now is 400 Points

 

[reachjj]

Good Morning All,

Today's levels

Long above 12370
Short below 12310

 

[reachjj]

Not much action today, It couldnt cross 12400 at upside... still 15-20 points could have been made.... or can take as 0 for today.

 

[reachjj]

Good Morning All,

Buy Above 12365
Short below 12330

 

[reachjj]

In the initial hours, it touched 12365.80 and reversed to make a low of 12303. Could have got 20 points here.....

Again it crossed 12365 and made a high of 12426.90 could have easily got some 40-50 points....

Will take 50 Points for today....

 

[reachjj]

Good morning All

Buy> 12475 TGT 12500,12520
Short< 12410 (Risky)

 

[PartTime_Trader]

In the initial hours, it touched 12365.80 and reversed to make a low of 12303. Could have got 20 points here.....

Again it crossed 12365 and made a high of 12426.90 could have easily got some 40-50 points....

Will take 50 Points for today....

How do you know that you have to book only 20 points on the first trade and 40-50 on the second trade????

You will not be able to do this kind of adjustments with actual trades, you need to have a proper exit / stop loss strategy . . .

Could have / Would have does not work in trading. . .

Cheers
::thumb::

 

[reachjj]

Completely agree with you and that's what I am currently working on to get it....

If you have any suggestions, you can contribute......One thing I am seeing is at the whole numbers, we should be careful to book profits, like 12300, 12400, 12500 etc