NIFTY Intraday Trading - My Daily performance

[SamTrader]

Dear Traders,

I am in the process of learning Intraday trading on NIFTY and hence forth to evaluate my performance on a daily basis I will be sharing my experience, mistakes I made (so that it will help me learn from my mistakes).
Having learnt how to generate calls, along with performance I shall also post the NIFTY calls generated so that I can track success rate.

Hope I can get feedback and guidance from expert traders here.

Date: 25-Sep-2014

NIFTY Call Generated
ACTION: SELL Below 8000
Targets: 7990/7970 and below
Stop-loss: 8030

My Performance
Executed call at: 8000
Closed at: 7991
Profit Points: 9 points

Comments: I was in a hurry and exited early, where as NIFTY dropped much below and could have easily reached second target and made more profits if I was patient.

 

[SamTrader]

Date: 26-Sep-2014

NIFTY Call was:
ACTION: BUY Above 7965
Targets: 7984/8006 and above
Stop-loss: 7945

Performance was:
Executed call at: 7990
Closed at: 8006
Profit/Loss Points: 16 points

Comments: NIFTY just shot up at 9:50 AM, couldn't catch the momentum (delayed entry) and closed at 2nd target. Glad I closed at 2nd target as the trend reserved little later.

 

[SamTrader]

Date: 29-Sep-2014

NIFTY Call was:
ACTION: BUY Above 8025
Targets: 8030/8050 and above
Stop-loss: 7988

Performance was:
Executed call at: Did not trade
Closed at: Did not trade
Profit/Loss Points: Did not trade

Cumulative Performance:
No. of Calls: 3
No. of Successful calls: 2
No. of stop losses: 0
No. of no trades: 1
Net Nifty points gained: 25 points

Comments: NIFTY was range bound and also risk reward ratio for above signals were not promising so didn't trade.

 

[SamTrader]

Date: 30-Sep-2014

NIFTY Call was:
ACTION: BUY Above 8006
Targets: 8028/8050 and above
Stop-loss: 7993

Performance was:
Executed call at: 8006
Closed at: 8050
Profit/Loss Points: 44

Cumulative Performance:
No. of Calls: 4
No. of Successful calls: 3
No. of stop losses: 0
No. of no trades: 1
Net Nifty points gained: 69 points

Comments: Feeling good that I was able to enter and exit the calls at right levels. NIFTY seems to be going up and up but I shouldn't get greedy.

 

[rrrajguru]

Date: 30-Sep-2014

NIFTY Call was:
ACTION: BUY Above 8006
Targets: 8028/8050 and above
Stop-loss: 7993

Performance was:
Executed call at: 8006
Closed at: 8050
Profit/Loss Points: 44

Cumulative Performance:
No. of Calls: 4
No. of Successful calls: 3
No. of stop losses: 0
No. of no trades: 1
Net Nifty points gained: 59 points

Comments: Feeling good that I was able to enter and exit the calls at right levels. NIFTY seems to be going up and up but I shouldn't get greedy.

My suggestion:
---------------

Add the time factor to price factor. Mention, when you are entering a trade(time), and why you are entering the trade (cause). When you are exiting a postition mention, when and why you are exiting the postition.

These two factors will help you to analyse your success rate as well as Failure rates afterward.

Happy trading.

 

[SamTrader]

@rrrajguru - Thank you so much for the suggestion.. That makes total sense.. I shall add those parameters going forward.. In fact it was added in the post I had on 26th Sep stating the time..

 

[SamTrader]

Date: 01-Oct-2014

NIFTY Call was:
ACTION: BUY Above 8010
Targets: 8028/8050 and above
Stop-loss: 7988

Performance was:
Executed call at: No Trade
Closed at: No Trade
Profit/Loss Points: No Trade

Cumulative Performance:
No. of Calls: 5
No. of Successful calls: 3
No. of stop losses: 0
No. of no trades: 2
Net Nifty points gained: 69 points

Comments: NIFTY isn't trending today, so No Trade.

 

[tradedatrend]

could you share, what parameters u are using to make a trade

 

[SamTrader]

could you share, what parameters u are using to make a trade

Hi Tradedatrend,

I am using NIFTY Trading System which was provided to me as a part of my training. though in the tutorials they teach other systems and strategies too, I am just using NIFTY trading system.. too early to comment on it as I need to consistently use it for 3 months..

While I can post the signals prior to I trade (if you want), but I don't want this thread to appear like I am posting calls... I just want to keep a track of my performance so that I can learn from my mistakes and also get feedback from experts here..

 

[SamTrader]

Date: 07-Oct-2014

NIFTY Call was:
ACTION: SELL Below 7915
Targets: 7900/7880 and below
Stop-loss: 7843

Performance was:
Executed call at: 7910
Closed at: 7890
Profit/Loss Points: 20 Points

Cumulative Performance:
No. of Calls: 6
No. of Successful calls: 4
No. of stop losses: 0
No. of no trades: 2
Net Nifty points gained: 89 points

Comments: NIFTY closed below 7915 at 2:15.. waited for it to sustain on 5 minutes chart and executed at 2:25 at 7910 and NIFTY was resisting at 7890 which is 50 day EMA, so closed at 7890.