Hauler's Trading Diary - Longer timeframe trades

[hauler]

Long PNB @641 SL 520
PNB has shown good consolidation recently in 618-636 area.

Open positions:
Longs:
RelInfra @392 SL 390
PNB @641 SL 620

 

[hauler]

RelInfra SL hit : Loss = 390-392*1000 = -2000

PNB Still open

 

[ryan4ucar]

Is this a paper trading diary or real cash?

 

[hauler]

Is this a paper trading diary or real cash?

Ryan,
They are real trades. There is of course a little variance like yesterday in rollovers, But to keep it simpler i am omitting them.

 

[hauler]

PNB Stopped out at 620.

Loss = (620-641)*500 = -10,500/-

Portfolio Net: 16,000-2,000-10,500 = +3,500/-

 

[ryan4ucar]

Ryan,
They are real trades. There is of course a little variance like yesterday in rollovers, But to keep it simpler i am omitting them.

K was just asking

 

[hauler]

K was just asking

Thanks! The idea is to get for at least 1 long trade out of 10 trades i undertake.

 

[ryan4ucar]

Thanks! The idea is to get for at least 1 long trade out of 10 trades i undertake.

k the problem is your getting long banks and infra stocks when they are getting killed in a downtrending markets , fatest way to loose money

 

[hauler]

k the problem is your getting long banks and infra stocks when they are getting killed in a downtrending markets , fatest way to loose money

True, you are completely on spot.That was the reason i booked profit in PNB in an earlier position. Second time, buying at the perceived support didn't work.
The attempt to buy at support clashed with market turning its direction from uptrend to downtrend. What do you think, someone can do if he is not watching market full time, other than the SL ?

 

[ryan4ucar]

True, you are completely on spot.That was the reason i booked profit in PNB in an earlier position. Second time, buying at the perceived support didn't work.
The attempt to buy at support clashed with market turning its direction from uptrend to downtrend. What do you think, someone can do if he is not watching market full time, other than the SL ?

Think plain options are a good way(as experienced people tell me) if you cant watch it intraday , but if your holding closer to expiry they will loose time value hence youlll have to learn butterflies and condor stratergies, but options is a whole other game than speculation different kind of skill set required