Friday, 7 November 2014

07112014


Nifty opened just below PDC, within the previous' day range.  Then broke the PDL. I could take the BPB of PDL as I was not at my place.  Then in the afternoon there was a good pressure play setup at PDL.
1) BO of PDL. Entered a point above PDL.  It did not move well, getting resisted at IRL. Scratched it at breakeven.
No other trades.


It seems like it won't be possible for me to trade for next few months at least because of heavy workload at my work place.  However, I will try to update the blog whenever possible, mostly on weekends.


12 comments:

  1. Hi URD,
    No problem ,atleast take out 2 minutes everyday , to mark the trades in hindsight.

    Thanks,
    Arvind

    ReplyDelete
    Replies
    1. Arvind

      Sure. Will do it whenever time permits.

      URD

      Delete
  2. URD
    Hope to listen from you regularly!!!

    Thanks
    TBP

    ReplyDelete
    Replies
    1. TBP

      Of course, TBP. I may not trade but I will not miss to look at the screen occasionally during the day. I feel I am so habituated to it. I do not think I will be able to keep myself away from trading for too long. Sooner or later will be back.

      URD

      Delete
  3. Daveji,

    Thanks for your chart. Only after seeing your Range marking, I could understand my mistake. I assumed that since PDL was too close to Consolidation high, I considered it as Range high, completely misread and messed up. Precision matters a lot!

    Have a great week end.

    S.Karthikeyan

    ReplyDelete
    Replies
    1. SK

      Thanks. Look at Pic 9 of Initial stop loss, post by ST. Price often comes back to test the level that it broke. It did exactly like that today.

      URD

      Delete
    2. Daveji,

      Glad to know that you will be posting the chart with markings, even when you won't be able to trade. Thanks.

      S.Karthikeyan

      Delete
  4. Hi Dave,
    will be missing your blog....

    ReplyDelete
    Replies
    1. Shashank

      I will also be missing all of you and your comments. Will be in touch.

      URD

      Delete
  5. Your consistent performances gives me confidence that one can trade for a living .. I thought you may already be doing trading for a living :)
    All the best .. look forward to your posts and views. What industry do you work in?

    ReplyDelete
    Replies
    1. Bhavir

      Thanks. You need to keep faith in yourself that you are able to trade for living. Do everything that it requires, that's it.
      I work in a small local BPO company as a production manager.

      URD

      Delete
  6. Hello Ur Dave,

    I just came across your blog (thanks to niftynirvana). :)

    Looking at your performance, I think you are making an average of 300+ points in NF every month. Considering, one trades with lets say 6 lots (old quantity), one can easily make about 1L/month.

    Please dont take in wrong sense, but I'm just wondering what makes you still stress urself with your full time job ? I guess you can start trading bigger lots just with about 3 lakhs of capital (50k/lot to be safe). Again.. this is more of curious question.. hope I didn't sound offensive..

    ReplyDelete