31st Dec '15

Last day of the year and I resolve to adhere to the rules of my method by 100%.

I will be going live soon with this method and may go live with 2 lots.

1st lot will be booked at 1.5 R and second lot will be as per exit rules.

Nov Month : 28.5 Points

Date  : Net Points (including all costs)
01/12 :     -7.7 (Equiv)
03/12 :    21.1 (Equiv)
07/12 :   -26.0
08/12 :   -13.0
09/12 :    43.0
10/12 :      4.2
11/12 :      2.0
15/12 :   -32.0 (Trade exit date)
22/12 :    58.0 (Trade exit date)
24/12 :    38.8 (Trade exit date)
30/12 :    31.0 (Trade exit date) 

Dec Month : 119.5 Points 

Highlights:
1. Target for Dec of 100 points met. 
2. Two consecutive months of positive closing. 
3. 51 trades in Nov vs 22 in Dec.
3. As per Lance Beggs, trades should not be looked upon in isolation but in a group of 20 each for positive or negative outcome. Based on that:
       5th to 16th Nov -->   49.3
     16th to 23rd Nov -->  -65.0
23rd Nov to 3rd Dec -->  53.7
 7th Dec to Current  --> 142.7

With 2 lots now, Jan target is 300 points.

Target for 2016 identical  (adjusted for 2 lots now)as 2015. Did not meet the targets in 2015 even by a long pole. Will meet in 2016 for sure. It is MY year. The beginning of turnaround.

Nifty Futures	Target Points for Month
Jan-16	300
Feb-16	300
Mar-16	300
1st QTR	900
Apr-16	350
May-16	350
Jun-16	350
2nd QTR	1050
Jul-16	400
Aug-16	400
Sep-16	400
3rd QTR	1200
Oct-16	450
Nov-16	450
Dec-16	450
4th QTR	1350
Annual	4500

I believe I am doing things correctly and will continue to make changes to ensure I am doings things correctly.

28th Dec '15

Day trades were getting a bit too swift for my liking. Not that I was not able to tackle it but it was more time-consuming.

Also reverted to NF as BNF as a monster was too good for my current skill level. Will catch up soon with it.

Made some modifications in the Subhadip's MA method. Have not backtested BNF with this method, just NF and the results were encouraging. Between 4th Nov to 14th Dec, it gave 469 points; much better than my monthly target of 100 points.

 So started paper trading on it since 15th Dec.

Date : Net Points (including all costs)
Nov Month : 28.5 Points

Date  : Net Points (including all costs)
01/12 :     -7.7 (Equiv)
03/12 :    21.1 (Equiv)
07/12 :   -26.0
08/12 :   -13.0
09/12 :    43.0
10/12 :      4.2
11/12 :      2.0
15/12 :   -32.0 (Trade exit date)
22/12 :    58.0 (Trade exit date)
24/12 :    38.8 (Trade exit date)

Dec Month : 88.5 Points

No. of trades has decreased. 51 in Nov vs. 22 in Dec till now.

7th Dec '15

Good going. Not very keen on jumping at every occasion. Training the mind to not jump to trades.

Date : Net Points (including all costs)
05/11 : -13.9 NF
09/11 : -29.0 NF
10/11 :   29.1 NF (Equiv.)
13/11 :   61.6 NF (Equiv.)
16/11 :  -40.3 NF (Equiv.)
17/11 :  -44.3 NF (Equiv.)
18/11 : NO TRADE (Could not understand the moves)
19/11 :    10.5 NF (Equiv.)
20/11 : NO TRADE (Could not understand the moves)
23/11 :    33.6 (Equiv.)
24/11 :    23.5 (Equiv.)
26/11 :    16.3 (Equiv.)
27/11 :     -9.7 (Equiv.)
30/11 :     -8.9 (Equiv.)
Month : 28.5 Points

Date : Net Points (including all costs)
01/12 :     -7.7 (Equiv)
03/12 :    21.1 (Equiv)
Month : 13.5 Points

Way far from the monthly target of 100 points but way better than closing in non-positive. 

Implementing the IB BO on 15m from today. Let's see.