Maddy's Day Trading Journal : BankNifty and Nifty 2019

[maddyji]

POSITIONAL trade shall be done in equity and index .. but not on options.. never carry options .. close it on the day itself..some times carrying options will give huge profit .. but 80% time it will go in to loss and finally wipe the account

thank you sir. Yes I have already faced a single loss. But I am confident in this trade and this will be my last trade where I am carrying this. Will update accordingly !

 

[maddyji]

Please post your own analysis here. any mention of any other person's call and the future posts will be deleted.

But The intention of the post here is to document my results and hopefully share some insights. Is there any other way as I am pretty new to this platform. All I want is this to be my future reference. Any way to make this private and seen only to me and hopefully the admins ? Please let me know !

 

[timepass]

But The intention of the post here is to document my results and hopefully share some insights. Is there any other way as I am pretty new to this platform. All I want is this to be my future reference. Any way to make this private and seen only to me and hopefully the admins ? Please let me know !

To keep a private record, you can maintain it in your PC using Excel or notepad. For insights, post your trading logic / charts. Posting someone's trading call is spamming in this website's book.

 

[doss186]

But The intention of the post here is to document my results and hopefully share some insights. Is there any other way as I am pretty new to this platform. All I want is this to be my future reference. Any way to make this private and seen only to me and hopefully the admins ? Please let me know !

Bro Indices never trend for day trading, they only trend once in a week and sometime they not!

 

[bashasm]

Bro Indices never trend for day trading, they only trend once in a week and sometime they not!

But a lot of professional traders trade only indices, am I wrong?

 

[doss186]

But a lot of professional traders trade only indices, am I wrong?

Just take for example of yesterday’s nifty and bank nifty, no movement at all. But there were nice movements in canbank unionbank bankbaroda because psubank index rose 2,2 percent, but we can’t access charts of all indices, most of the data vendors provide only data for nifty and bank nifty. And the worst thing is we limited to trade only in these two indices

 

[bashasm]

Just take for example of yesterday’s nifty and bank nifty, no movement at all. But there were nice movements in canbank unionbank bankbaroda because psubank index rose 2,2 percent, but we can’t access charts of all indices, most of the data vendors provide only data for nifty and bank nifty. And the worst thing is we limited to trade only in these two indices

I have no idea, but I want to ask you. Can we not trade other indices? The liquidity might be an issue
If you are watching other indices, how do you figure out the stock selection? Some times, I have observed not all stocks follow the respective index and also you might be too late, as the stocks might already gave the move by the time you watch the index

 

[doss186]

Instead of considering nifty as master index each stock has its own master like niftypharma niftymetal niftymedia and many more. Watch movement of sector specific index and trade accordingl. All the best.

 

[maddyji]

Well well ! 6 months and I logged in after a long time with lot of learning's. I will keep posted