My Trading Diary for Nifty Futures

[rh6996]

Holding Intraday short, mkt not going anywhere... only sideways!!!!

 

[rh6996]

Intraday short exited above 5001.30 !! Gave opportunity till 4981.
Holding positional Long!!

 

[rh6996]

Intraday short again at below 5006.7

 

[rh6996]

Short did not trigger, holding long.... trade in Big profit!!! Do I exit!!!??? Do I keep discipline and keep holding. As am trading with a single Lot cannot book part profits!!!

 

[rkkarnani]

Short did not trigger, holding long.... trade in Big profit!!! Do I exit!!!??? Do I keep discipline and keep holding. As am trading with a single Lot cannot book part profits!!!

You are doing exceedingly well!!!
I can suggest a way of part booking !
Exit the current Nifty lot and Buy 2 mini nifty lots!! You will be booking profit in 20% of your holding (10 out of 50)
Later on you will have the option of booking Profits in Mini Nifty one lot at a time!! A bit of expenses but can give you peace of mind if you are tensed in keeping so much profit on the table!!!

 

[rh6996]

Thanks button not working!! So tyvm!! Thats an excellent idea sir!!! From next month I will be trading 2 lots and if successful, 3 lots in AUgust and 4 in September!! AND thereafter increase only in Januray to 5 !! Wish to trade 10 max by end 2013!!
Please accept my sincere thanks for guiding me and also for visiting my thread!!

 

[rh6996]

Sold 50 Nifty at 5027.15 and bought 40 (2X20) at 5025.35, mkt came down a bit!! Holding 2 lots Mini Nifty Long.

 

[rh6996]

Holding LONG 2X20 Mini Nifty, Intraday Short below 4992 (Levels are for Normal Nifty and not Mini Nifty)

 

[rh6996]

Intraday short triggered at 4991.80

 

[rh6996]

Short does a low of 4990.80 and remains higher