Wednesday, January 11, 2017

My Trading Learnings

This Post is for my self and here I would like to add All my trades Profit / Loss that I am making.This is also to take out my Anxiety and refresh it to start fresh because I am not going to stop till I become expert in this.

Trade :-
BANKNIFTY CE 18500EXP12-Jan-2017 Sold on 10-Jan-2017 @45

Square off Bought on 11 - Jan- 2017 @ 320
 2 Lots

Reason to enter the trade
A Principal from book of Options Trading that Maximum ppl will loose money . Forgot to read next rule which says this rule cannot alone be reason for certain levels
 This actually second time I am making this mistat I did it last month as well but I think I didn't learn from my mistake which is a bigger Mistake.



I had a look at the trades that I execute d last year and could find that most of my my profits have come from Futures Trades so I guess in Indian market it is not really easy to earn from option selling  or I really have to put more strategic planning in this issue.

A question before I finish for now.. Does 20 day RSI a good indicatior with may be a Volume checks? any comments are welcome 

 May God Bless All



Update on  13-Feb-2017
Hello,

Happy Valentines Day .. May you get your Love.. and Your Love gets you :)

  So every time I have loss I come here  to talk with you guyes.. How are you ?? Aap na Gum ke saathi ho..... I know you guyes love me and i will try to come to celebrate the success next time I promise..

So here is trade  Store:-

From last few days I started BTST trades and things were going fine .. I could actually manke very few Bugs.. But as usual by the time I get comfortable with some type.. My Good luck go on Holidays :P to teach me a lesson.

No SL
I did not keep stop loss and after i bought the share at top it came down .. but i decided to hold on to the position. it kept on falling  for almost 10 days and lost 8 / 9% I went back to my broker and asked him for stop loss orders, and he did explained me the same so I would be keeping the stop loss for each order i am going to keep from now on...

I did keep the stop loss order and it got executed it was almost 7% down leaving me poorer by 50 K


Lessons :-
1) Keep the stop loos and do not loose all that you earned from all the traded in some foolish trades
2) BELIEVE INNER U

Trade :-
Hindalco  Bought on 1 Feb @ 199.50 when Hindalco hit 52 week high Sold on 13 Feb 184.50( Stop loss Order executed) Lot size 3500

Bought because :-
52 week high Volume shocker for the day
Sold Because :-
Was trying SL Orders and Order got executed.

 See you with Bumper Profitable trade next week .

P .S. I am trying to Redmi Note 4 in flash Sale if you get one please buy it for me :P



Update 1 March..

Hello

 And I am back this time with some positive news.. in am able to make some money with trading.. and I am loving it... learning how BTST actually works... What the Hell Swing/ Momentum Trading is... Can a normal investor actually earn here? I know and is Yes it is possible.. just you have to find your own path..

P.S. First update from my RedMi Note 4 and I am loving it...

Update 9 March..

Jaise " Gum la saathi RUM" hota hai mere liye haha hai I am coming here to tell my stories.

 So What I learnt in past few days is .. Check Price and Volumes, Look for a spike in price.. get in and then make few quick bucks...

It was working and it stopped suddenly...
It started with RELINFRA on and then for Jet airways on 8 March and today with DCBBank I bought Break out and was stopped Out...


Learning Costed ~30k :( And I am back to zero... learning.
1 Never execute Intraday trade..
Never stop Learning..
Try to find real breakouts..

 It's Fun that I try to walk and fall down each time without fail...

Have to get more deciplined and learn actually on trading.. See u guys Later... Love u all





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