My Daily Options Trading Diary

[lazytrader]

@Flock, are you looking for one minute data?

 

[ss16021981]

Buddy I am very new to trading and in past 3years I have been paying just my tuition fees to learn trading... and now it started to pay off. As one of my friend told me... "keep is simple stupid" do not look for tooo much indicators as if your system if too complex then there are high chances that you yourself might not understand it - someone said on this forum

So to answer your question..
I use 3,13,39 EMA along with MACD crossover for positional trades..

Intraday...
I look for 5min charts. Before I enter a script I look for support/resistance from trendlines and buy near support, and exit near resistance.... make sure you book your losses if the trend goes or is support is broken...

better trade on paper for a month or so... then test your trades according to your system, once you are comfortable... then trade with small money

tks findvikas but how u trade with 3 13 39 (ema or sma) pls tell give eg plsssssss

 

[Flock]

@Flock, are you looking for one minute data?

Yes LT. Wanted to do some intraday backtesting. Five min will also do.

 

[findvikas]

tks findvikas but how u trade with 3 13 39 (ema or sma) pls tell give eg plsssssss

thr you go...
http://www.traderji.com/technical-analysis/21-moving-average-trading-system.html

 

[MurAtt]

Well, missed today --- no power from 10.30am in Half of the City!!!!!!!!

I think WE ALL should be buying Power Sector shares left right n center...
These cos will be having a gala time 2years down the line I feel ......



And yes, thanks everyone for the EID Wishes. Same to you all too ...

 

[findvikas]

Till 23/09/2009

As promised, I will not hide my losses. Yesterday was a BAD BAD BAD BAD day.

Learnings:

• "Never average down your losses, only average UP" - I will incorporate it from today.
  

Overall return is negative 50% and I am hoping to cover my losses at least if not end up in gain

 

[ss16021981]

hi findvikas can u provide stock option tip (positional 3-5 day's) & pls provide me ur Email add tks

 

[findvikas]

Do you really need my tips loz... look at the losses I had this month

 

[findvikas]

Till 23/09/2009

As you can see I have lost my entire capital, and closed all my positions today. :annoyed:

This was a very good learning experience, apart from the pain of losing money. Here are my key take away.

1. Never average down, or never bet on a losing deal.
   
2. Not everyday is a good day to trade, when its not... stay out you stupid.
   
3. NEVER take naked options positions overnight, cover them by putting hedge or close them by end of day. Reliance is a BIG sucker who sucked it all with their Stake Sale.
   
4. I did not have proper money management, I was just BETTING & BETTING.
   

Conclusion

I am defeated once again, but not out of the battle field.. not yet!

If you fall down just pick yourself up and dust yourself off... and start walking again... soon you will learn to RUN

 

[ss16021981]

yes findvikas