My trades based on "new way of pivot trading" and vwap

vijkris

Learner and Follower

aja

Well-Known Member
Oh I don remember any of the conversation. :eek:
I got it,I think there were 2 threads.One for his live trades and other for questions on trade in above thread.

Lekin baaki charts kidhar gaye :confused: kam se kam 100 pages ka to thread raha hoga naa?

btw,he had a nice way of explaining things :thumb:
 

vijkris

Learner and Follower
I think you people are making a monster of vwap which otherwise is simple and beautiful concept.

I will give you a writeup later about vwap and how it is combined with other concepts like volume profile ,Opening range and indicators. Stay tuned...
I m not included in "you people"...:D
 

rjshem

Well-Known Member
I take a trade. It will either succeed or fail.
If it fails-no problem,I have one more chance to make it breakeven.

If it succeed-I made 300rs, now I have a fear that if I take another trade,I will lose this profit and I will end a day with 2nd trades loss+ brokerage.

This is the biggest misery when you trade with very small amount and I even dont know how to face this situation.It breaks you inside :(
Never ever carry the baggage of ur last trade into next one whatever it was and watever the capital maybe. Every trade need to be treated as new fresh trade. U need to be like a monk as wabuf as said see ur entry take it with ur mm then ur exit comes as per ur exit rule just exit dont look at profit or loss just need to focus on following ur trade plan nothing else. As i said earlier for reducing psych prob have good sleep 6 to 8 hours before trading day do some excercise in morning atleast half an hour .read ur tradeplan for the day before market starts atleast once.do not look at mtm in terminal dont watch every tick just see at candle close of ur trading tf.and keep away personal problems from trading desk .
 

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