another day.
Did TWO first.
Took a short trade for the first time. Did not end positive but that's ok since I followed the rules. As it was my first short trade I was a bit nervous and the best part was the price kept on swinging between giving me a marginal profit and marginal loss for a long time, till it ultimately hit my SL.
Was not present between 2pm to 3pm and missed the long move however the markets are here to stay and will give me more opportunities if I am disciplined enough.
Today was also the first time I took a trade in BankNifty and again was a bit nervous. I was observing it since morning and it has already moved some 250 points during my observation. As wanted to take a trade based on Gann Sq of 9, so took this trade. The entry was again wrong though.
I put a Limit order with higher price and so got filled at market. I need to stop doing this. I will be sticking a post-it on my computer screen which will keep me reminding of this foolish mistake. It did not backfire and gave me 87 points in 36 mins which was huge and I started shaking. I expected it to do something but this much was not expected.
Again a move of about 200 was missed due to non-availability but then I already made a net of 60 odd points today so that's fine.
I also closed my open position since Mar'25 as I did not wanted to have a move ruin my gains. Though if I persisted I could have easily gained the target of 200+ points. Still 171 points is also not bad.
Total NET points for the month:- +332.
Mar 25th Trade - +171
Apr 6th - +45 (1 trade)
Apr 7th - +29 (3 trades)
Apr 8th - +23 (2 trades)
Apr 9th - +64 ( 2 trades)
Looks lot better than the prev. so many months and more so against Mar this is superb.
Mar. is a Higher Low. Apr. is a Higher High. So its an uptrend. :-)
I have to learn doing short trades 'coz I feel very shaky as soon have to enter a short trade. But then half of the points will be made shorting and I need to be more confident.
I am sure I will able to handle this business more proficiently if I can follow the rules.
Max. that I will risk on a trade will be 5% of my equity so that will be my guide for the position size. With bracket orders it is pretty easy to get carried away as just 4k is needed for One lot of NF and just 9k is needed for One lot of BNF.
Best of luck to me.
Diligence is the mother of good luck - Benjamin Franklin
Did TWO first.
Took a short trade for the first time. Did not end positive but that's ok since I followed the rules. As it was my first short trade I was a bit nervous and the best part was the price kept on swinging between giving me a marginal profit and marginal loss for a long time, till it ultimately hit my SL.
Today was also the first time I took a trade in BankNifty and again was a bit nervous. I was observing it since morning and it has already moved some 250 points during my observation. As wanted to take a trade based on Gann Sq of 9, so took this trade. The entry was again wrong though.
I put a Limit order with higher price and so got filled at market. I need to stop doing this. I will be sticking a post-it on my computer screen which will keep me reminding of this foolish mistake. It did not backfire and gave me 87 points in 36 mins which was huge and I started shaking. I expected it to do something but this much was not expected.
Again a move of about 200 was missed due to non-availability but then I already made a net of 60 odd points today so that's fine.
I also closed my open position since Mar'25 as I did not wanted to have a move ruin my gains. Though if I persisted I could have easily gained the target of 200+ points. Still 171 points is also not bad.
Total NET points for the month:- +332.
Mar 25th Trade - +171
Apr 6th - +45 (1 trade)
Apr 7th - +29 (3 trades)
Apr 8th - +23 (2 trades)
Apr 9th - +64 ( 2 trades)
Looks lot better than the prev. so many months and more so against Mar this is superb.
Mar. is a Higher Low. Apr. is a Higher High. So its an uptrend. :-)
I have to learn doing short trades 'coz I feel very shaky as soon have to enter a short trade. But then half of the points will be made shorting and I need to be more confident.
I am sure I will able to handle this business more proficiently if I can follow the rules.
Max. that I will risk on a trade will be 5% of my equity so that will be my guide for the position size. With bracket orders it is pretty easy to get carried away as just 4k is needed for One lot of NF and just 9k is needed for One lot of BNF.
Best of luck to me.
Diligence is the mother of good luck - Benjamin Franklin
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