Manoj's Trading Diary

[manojborle]

Today Payoff ratio has improved and now I have to maintain it

 

[manojborle]

5 MIN NIFTY FUTURE A RANGE OF 7665~7635.
SO IF YOU WISH TO TRADE SELL @ HIGHER SIDE AND BUY @ LOWER RANGE TILL ANY HIGH PROBABILITY SETUP SHOWS UP.

I WILL BE WAITING FOR IT.

 

[manojborle]

spot nifty trendline resistance @ 7648

 

[manojborle]

spot nifty if today forms a down day, qualifier 1 will be satisfied for supply line breakout.

note: must keep this point in mind

 

[manojborle]

:clapping::clapping::clapping:
:clap::clap::clap:

Today also after I exited It went in my direction for another 40+ points.

I am losing too much profit, How can I work on this ?

 

[amitrandive]

:clapping::clapping::clapping:
:clap::clap::clap:

Today also after I exited It went in my direction for another 40+ points.

I am losing too much profit, How can I work on this ?

Try booking profits in terms of 1 lot , 2 lots , 3 lots and then trailing the last one.
:thumb:

http://daytrading.about.com/od/tradingsystems/a/MultipleContrac.htm

 

[manojborle]

At one moment profit was 18000(realized), but then could not control my emotions and did some wrong trades and finally settlled the day with 11000 profit.(Still ok at least managed to keep the profit).

 

[manojborle]

 

[amitrandive]

Which is a trail stop as shown in the Chart?

 

[manojborle]

Which is a trail stop as shown in the Chart?

I was using Zerodha Bracket order feature with 50 ticks as trailing stop.

So with every 2.5 points in my direction the stop loss will also come down by 2.5 points down.