Trading diary : Trying to become crorepati.

[Dev Mookerji]

bOUGHT CRUDE AGAIN @ 2612

Ohh I forget to update about this trade......some guests visited ....and was busy.......missed copper also ......it went to 228+

I exited this trade @ 2602. However if any critic dont agree to this shall consider as my position open. Crude is 5% up in NYMEX

 

[Dev Mookerji]

how can u revise the stop loss?? i am with ICICI direct and i dont see any thing of the site which allows revision of stoploss

I am doing this with odin here. In Icicidirect option for change of stoploss is also there. Kindly check during the market hours. I dont remember as I am not trading with them for more than 2 yrs.

 

[Dev Mookerji]

Hey what is your net gain or loss as of date keep posting that also

I can see U have opened few threads......

All the best.

 

[Dev Mookerji]

Mosearbaer qty 200 bought @ an average of 49.
Gu Alkalies qty 200 bought @ an average of 61.

Allahabad bank qty 250 bought @ 40.25

Bought Indiabulls in Cash 200 qty @ 97.25

CURRENT PRICES

Moser baer 62.85
Gu Alkalies 73.35
All Bank 46.40
Indiabulls 102.15

Derivatives :

Net Profit = 8285/-

Currrent derivatives Margin = 15000 + 8285 = 158285

Bought NTPC 180 Call @ 15

NTPC Call current price 18.

Profit on date 1625X3 = 4875

Currrent derivatives Margin = 158285 + 4875 = 163160/-

 

[tips.seeker]

good tips dev

 

[tips.seeker]

more pls thanks :clap:

 

[Dev Mookerji]

good tips dev

TIPS

more pls thanks :clap:

Where/When I have given tips, sir?

 

[Prabhjeet]

Day trading is really a loss making proposition for most traders and I have seen the same over the past 3 years. Unless you have a time tested intraday setup & strictly follow the setup its difficult to make money. That's cause money is made from trends & trending markets. Day trading is not suited for it as a large portion of the gains would come from gap ups or gap downs, leaving very little to make during the day. The other way to trade is to do range based trading, buying at some low point & selling at some high point during the day. But from my experiance, its difficult to do both, often you get both wrong, even if you get right, the risk-reward would be difficult to get more than 2:1. With that kind of ratio & day trades generally having lower win ratios, making money is difficult. And most traders lose the discipline of having stops & one such bad trade where you leave out or dont follow ur stop, leaves you losing much more than you would have made in last 10-15 trades.

Finally a gem of a post in this thread, Excellent :thumb:

 

[Dev Mookerji]

I exited this trade @ 2602. However if any critic dont agree to this shall consider as my position open. Crude is 5% up in NYMEX

As expected crude is up. CMP is 2607

 

[Dev Mookerji]

Finally a gem of a post in this thread, Excellent :thumb:

Friend how er u? Hope you are earning a lot now a days.

Best wishes to u:clapping: