Manoj's Trading Diary

[manojborle]

These are my model trades using Extremist method (modified to suit my purpose).

First trade was a divergence trade and not using extremist method but used his method for exit

 

[manojborle]

TRADE: 1

TRADE: 2

:clap::clap::clap:

 

[manojborle]

upload jpg

 

[amitrandive]

Today' Trade

 

[manojborle]

 

[DSM]

Good trades Manoj,

Re. Cursing my luck, as the market moved strongly.... There is a saying, life unfolds itself to us in small moments (we do not know what will happen in future, and we have to make the best case judgement on basis of were we are now) So you were prudent and booked half. Markets can go anywhere. You would be thanking your stars if the marked had moved sharply in the other directions..... My 2C.

 

[amitrandive]

Good trades Manoj,

Re. Cursing my luck, as the market moved strongly.... There is a saying, life unfolds itself to us in small moments (we do not know what will happen in future, and we have to make the best case judgement on basis of were we are now) So you were prudent and booked half. Markets can go anywhere. You would be thanking your stars if the marked had moved sharply in the other directions..... My 2C.

DSM

You are absolutely right.Let us look at it that way.
If you have not booked half the profits , you would have had to take a huge loss.

I think everyone one of us should aim at staying in the "Green" for P/L instead of a "Small or Big Red".

Breakeven or even Zero is also "Big Green" for P/L.

 

[manojborle]

Hi Guys.

I had a little bigger loss yesterday than I can stomach, so taking a break for a week or two to find out what is wrong with my trading method, psychology etc.
Anyways going out of town for weekend to get away from trading to relax my mind.

Hope I come back strong.
Wish me Luck

 

[DSM]

Dear Manoj,

Big bets can bring big wins, and big losses as well. Suggest reduce your trade size to a single lot, and trade with it over a few months.

Only after your method has been tested in varied market conditions, and shows consistent return, and you are comfortable and fully confident of trading with it, increase the lot size gradually to 2, 4, 5 lots etc.

Using a single method - which does not differentiate between trending, sideways and volatile markets can result in a good strategy showing losses.

Just my 2C. Hope this helps.

Good luck.

Hi Guys.

I had a little bigger loss yesterday than I can stomach, so taking a break for a week or two to find out what is wrong with my trading method, psychology etc.
Anyways going out of town for weekend to get away from trading to relax my mind.

Hope I come back strong.
Wish me Luck

 

[amitrandive]

Hi Guys.

I had a little bigger loss yesterday than I can stomach, so taking a break for a week or two to find out what is wrong with my trading method, psychology etc.
Anyways going out of town for weekend to get away from trading to relax my mind.

Hope I come back strong.
Wish me Luck

Manoj

I suggest you read Oilman's thread.
Amazing insights on market,mind,etc

http://www.traderji.com/members-dis...earsjourney-novice-pro-novice.html#post979454