Weekly Trading Dairy: 16th April 2018 to 20th April 2018

#27

What time frame you use for candlestick patterns?
Any specific entry criteria?
How do you filter stocks please?

#28

15 mins chart.
Entry criteria based on formations (eg. If there’s a flag formation in an uptrend, I try to enter as soon as I see a breakout).
Also sudden volume spikes are considered.
I try to study almost all Nifty 50 stocks’s charts night before for sto k selection (especially top gainers losers).

#29

Thanks. What about the best time of the day to trade or avoid trading?

#30

Please don’t follow my advice.
I am only making losses.

#31

Last time Indian market had shown its chamak on INFY stock, this time US market has shown its chamak on INFY…:money_mouth_face::wink:
Better to buy INFY jahan se Sikka ka Kissa khatam hua…

#32

Here is the one fr u on a lighter note……

1 Like
#33

Started the day early with a 4k loss, but covered up with the rest of the trades. 4 intraday trades and the rest were stocks that I had bought over the last two weeks. I also made an imaginary 45k by papertrading INFY :slight_smile:

P.s Yes, The trades were backed by margin, but it is a calculated risk with rock solid stop losses.

7 Likes
#34

1 Like
#35

used my same old strategy it is working fine for me

#36

How much Capital deployed??

#37

#38

Simple trend following, 1 lot each

#39

Intraday trade alert: 17 April, 2018

Total profit : around 0.3 R = 30 rs ( without brokerage+ charge) (0.1%)

#40

I didn’t trade because of fucking Zerodha.

1 Like
#41

General Notes―

  • Pivot point worked, but when there is a large gap up/down the pivots look wonky. Find out about this.
  • A long shadowed shooting star or bullish hammer/hanging man doesn’t seem to work.
  • Made a risky second trade on NTPC, since the short was not working out. First resistance crossed so bet on price reaching near second resistance.
  • Trading aggressively again (around 10:40 AM). Take a break.
  • IBVENTURES bullish hammer like pattern with a noticeable high shadow turned out to be genuine. Missed about 5 points.
  • Hangman on NTCP but not confident to make the trade.
  • One more net loss day but learning a lot. Have much to learn about setting up solid trades. Need to also improve on patterns and indicators.

Things to work on―

  • Setup trades more confidently and don’t pull the trigger unless pattern and volume confirm.
  • Figure out if the pivot study gives reliable support and resistance especially after a gap up or gap down.
  • Stop trying to catch up with sharp trends. It’s usually too late.
  • Aim for trades that give better RRR

So I’m actually mantaining a trading journal using wordpress as I trade and these are some of the notes from there. Sorry they are incoherent.

3 Likes
#42

17th Apr couldn’t book full profit potential of 12k atleast in MT because of internet failure so had to exit early through app.Sad day😑

#43

Another day with Rs3300 profit…,

3 Likes
#44

I’m down 2000 bucks as of now. Any trades that can get me back in the game for today?

#45

What is your capital bro?

#46

Bank Nifty is range bound today… eating away premium on both the call side and put side… thankfully I got out at the right time from 25400pe…I sold that at 186.55 and today’s high is 187…booked little profit.sharp reversal in 25400pe after that…:grinning:now trading at around 145…