20/05/10

19/05/2010

10/05/10

Personal Work - Not Traded today

07/05/10

My Equity Profit/Loss Graph

Another volatile down market. Opened -70 points and remained negative with 40 points movement. Today I have traded 6 scrips BPCL, SESAGOA, INDIABULLS, ICICIBANK, GMRINFRA & LICHSGFIN. I traded with discipline but in between I got diverted with BPCL & LICHSGFIN. I closed that trade as that was not well planned. Over all good trade and did not make much. These are the days to watch out for, I am getting easily tempted and diverting from my plans. But today I was okay. Profit today is Rs.2233/-

06/05/10

My Equity Profit/Loss Graph

Market Opened negative. Today was the toughest day to trade. I could not find any recognizable pattern in any of my favorite scrips. I traded 3 scrips today IBREALEST, DLF & JSWSTEEL. I entered long in both DLF & IBREALEST but my SAR hits I exit IBREALEST with minimum loss but made a loss in DLF. Today was the typical day for testing my emotions and discipline. I controlled myself and waited for an opportunity and I found JSWSTEEL made a double top and was trading near high. I entered long and made some good profit. Overall tough day but managed to exit with a little profit of Rs.950/-

05/05/10

My Equity Profit/Loss Graph

Market opened gap down trading -75 points, closed at the end at -23 points.
I have traded 3 scrips today ICICIBANK, SBIN & SESAGOA. I did not traded in IBREALEST my favorite scrip, just watched that scrip every now and then. SBIN was a good trade but triggered my trial stop. I shorted ICICIBANK stopped and reversed I exited as I was not so comfortable. I noticed SESAGOA made a double top beautifully and did not broke the low I entered long near the bottom and traded nicely. As usual I missed the rally at the end, I exited my last quantity at 394.80 the stock moved to 404+ at the end. Overall Good Trade and made a profit of 3563/-.

04/05/10

My Equity Profit/Loss Graph

Market opened positive today and closed negative (-74 points). I traded in 3 scrips IBREALEST, DLF & RELCAPITAL. My first trade was Short IBREALEST below 5 mnt low and the first target was small and got hit immediately. I booked 50% and trailed the balance and exited as per the system with profit. I entered long in DLF & RELCAPITAL as per the rules and both hits stoploss. I did not traded reverse for both DLF & RELCAPITAL, since I have no clear cut rules for "Stop and Reverse". So far I have traded SAR without any specific rules. I will keep track of these trades and make a rule in the near term till such time I will SAR only if I am comfortable doing so. I have not violated any rule today and made a loss of Rs.515/- I am watching carefully my behavior when the trade is against me. Making loss is the part of the system, I need to accept that and keep moving.

03/05/10

My Equity Profit/Loss Graph

Though my trading was profitable for the last 3 trading days, I was missing very basic and important part of trading the "Money Management". Now, I have incorporated few rules in my trading system in which I will risk only 1% of my capital for any single trade and based on that I will size the quantity. And I will not risk more than 4% of my capital in any given day. Based on the new rules I have traded 4 scrips today. IBREALEST, RCOM, ICICIBANK & HDIL. Since I have limited my risk, I felt very comfortable in executing my trades. I really enjoyed my trading today, Trial Stop hits in RCOM, ICICIBANK Stopped and Reversed gave some good returns. Overall profit today 3040/- Happy Trading

30/04/10

My Equity Profit/Loss Graph

Market Opened +20. IBREALEST First Bar High 162 and Low 158.35. I made a mistake of not entering long above 162. May be because I was more cautious. So I made up my mind to enter after seeing a pivot low either short or long. HPL farmed at 162.20 and high was 163.70 I placed my both orders buy above 163.70 and sell below 162.05 my long was triggered 12:25. there was steady selling since then (163.50 to 162.8) At one stage the price went all the way to 162.20 I was prepared myself to short if my stop order is triggered, based on the closing of that bar. But the price moved up. I was keep telling to myself if the price moves to 164.00 all these sellers will run for covers, and was hoping for that to happen. and that did happened at 14:05 I was so happy that I remained calm and maintained my discipline. It paid off. I booked 50% at 165.70 and the remaining at 168.30. I should have waited for the closing minutes to book the balance, but I booked well before that. the price moved to 171+ after I exit. Anyway booking profit never hurts. Good Trade. Made a profit of Rs.6590/-

29/04/10

My Equity Profit/Loss Graph

Market opened flat and trading +25 points. IBREALEST First bar high 157.9 low 155.45. Trading at middle of its range at 156.60 (+0.96%) I was bit nervous, and kept telling myself to follow the rules. Long triggered for IBREALEST at 158.00 2000 Shares. Placed my initial stop at 155.30 IBREALEST trading at 157.20 no pivot formed in 15/20 TF. Price went to 156.75, I remained calm. at 9.55 my first target hits at 160.20. changed the stop order quantity to 1000. at 11.45 trailed my stop to 159.05. trial stop hits at 12.15 @ 159.00. Good Trade made a profit of Rs.3200/-. from 12.15 till end, I paper traded.

28/04/10

My Equity Profit / Loss Graph

Market opened Gap down and trading -55 points. To start with I am concentrating on IBREALEST for my intraday. IBREALEST's first 5 minutes bar high 162.4 and low 155.15 so I hesitated to enter IBREAL if I enter, my stoploss would be very high so I was just watching. RCOM and RELCAPITAL broke the first bars high and banged on target but I was too late to catch the move. RCOM after making a high of 170.2 was trading around 169+ and made a HPL at 168.6 in 15 TF, so I was waiting for a chance to Short below 168.55 Short triggered at 13:05 placed my stop order at 169.8, 1000 Shares. placed first exit 500 shares at 167.2 (S1) first target hits at 13:25. The balance 500 I was trailing and exited at the end at 165.85. Good Trade. made a profit of Rs. 2004/-