Thursday, May 20, 2010
Wednesday, May 19, 2010
Monday, May 10, 2010
Friday, May 7, 2010
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/-
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/-
Thursday, May 6, 2010
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/-
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/-
Wednesday, May 5, 2010
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/-.
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/-.
Tuesday, May 4, 2010
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.
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.
Monday, May 3, 2010
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
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
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