Guys post your daily trading status

Smak_DxbUae · October 25, 2020, 6:26am

Nifty Options & CrudeOil @Macroen

maddy_Des · October 25, 2020, 6:56am

I am no one to confirm is you are a loser or not!

Unless you tell what was your whole trading plan in both cases, I can’t comment. Trading is not like - Enter the trade, pray for it turning profitable, exit in profis"
usually any trade requires active management once entered. Atleast MM, SL, TSL, TP must be decided beforehand.

Thanks.

Macroenergy · October 25, 2020, 7:12am

Market astro said Nifty may see highs for next 4 days it also said 6, 7 of Nov a fall.let me check their predictions.

Smak_DxbUae · October 29, 2020, 9:02am

[/quote]
Unless you tell what was your whole trading plan in both cases, I can’t comment. Trading is not like - Enter the trade, pray for it turning profitable, exit in profis"
usually any trade requires active management once entered. Atleast MM, SL, TSL, TP must be decided beforehand.
[/quote]

Thanks for your reply. Yesterday 29/10/2020, entered long in CrudeOil when a trendline breakout in 5m TF & Rsi above 60. Till i enter, market was going up & once I entered, started reverseal (a picture attached) . @maddy_Des Thanks a lot

(I wanted to send a direct message, but I don’t know how to do that.)

maddy_Des · October 30, 2020, 4:08am

You cannot send DM as you have hidden your public profile.

maddy_Des · October 30, 2020, 4:13am

There is one book titled “encyclopedia of chart patterns”
It has very good data about various chart patterns.
All chart patterns (without exception) have unfavorable expectancy. So trading with chart patterns wont help you much.

Chart patterns are to be used along with other indicators, trading methods etc.

rbtj · October 30, 2020, 4:02pm

Another perfect & calm expiry day for option writers!

Smak_DxbUae · October 31, 2020, 5:26pm

Rs.9,149/- is the price for the book “encyclopedia of chart patterns” at amazon.

Chart patterns are to be used along with other indicators, trading methods etc.
Could you please specify the name of the indicators? @maddy_d

maddy_Des · October 31, 2020, 7:00pm

Just that chart patterns wont work in isolation.
Even indicators wont work in isolation.
So one need to practice and find own edge.

For eg. Bullish chart patter may fail more often when RSI is overbought.

t7support · November 2, 2020, 3:23am

1 April - 2 Nov 2020 P&L. Trading is a process where we keep enough capital in account to bag the red ones and keep persisting with a trading system we trust to bag the green ones.