Monday, 4 January 2016

13 comments:

  1. Sir , sometimes market behaves in strange manner. First trade was almost same as yours.Second trade was opposite of yours .
    My trades

    http://screencast.com/t/c15onkv7

    Thanks.

    ReplyDelete
    Replies
    1. Arvind

      That is the basic nature of market. It will rarely do what you want it to do, still we expect it to do the way we want it to. I missed the down move completely partly because of the failed long trade and partly because it did not give the chance to short at Range Highs.

      Avoid taking the trade in the same direction the market has moved a lot. I think you ended up taking that trade only because it did not give you a chance to trade. So sort of frustration, being left out feeling would have forced you to take the trade. Please correct me, if I am wrong.

      URD

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    2. Absolutely correct Sir. I took the last trade just to release my frustration of missing such a big move.

      Thanks

      Delete
  2. URD don't tell me you were unable to trade short today? Such a Type 1 trend day and you didn't had any short trades on your chart a bit perplexing....

    ReplyDelete
    Replies
    1. Shub

      I too find it strange. How could it happen? Let me tell you,
      I do not trade back to back. After hitting the SL on first trade, I took some time off and by that it had already broken down BRN. Then I avoided trading BPB of BRN thinking it had already moved a lot and would likely consolidate. Then I kept waiting for the good setup, preferably at Range Highs any shorting opportunity, which never came.

      I never chase the lost opportunity. There is always "Next." Just have patience.

      URD


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    2. I too had the same Question in my mind ...

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  3. Did you READ only those 2 mentioned signals to be traded ?
    OR
    Did you READ MORE signals, but due to paucity of the time , you traded only those 2 signals ?

    ~zen


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    Replies
    1. Zen

      I took total three trades. The third trade, which I have not mentioned on the chart is the one that I took on earlier gap filling at around 12 o'clock. There was an unfilled gap area at 7818-28 on chart. I took a long trade when I felt it filled the gap and was ready to give a pullback. It ended as scratch. I did not mention it on the chart because I could not find the way to mention it on the chart, the gap fill. So avoided it.

      URD

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  4. Just a general query entirely unrelated to todays trades.

    On a % basis how many of your trades are profitable by some margin ( +10 at least), how many are scratches ( say -10 to +10) and how many are loss making more than 10 points loss.

    Just an approx. figure for me I have a lot of scratch trades as I prefer to scratch out trade in case they are not working or stagnant or mistakes

    ReplyDelete
    Replies
    1. Majority of trades end as scratch. Occasional big wins will not only take care of occasional losses but will make the account green at end of month. Don't go into percentage and all that. For individual traders all matters is, when you lose, lose less and when you win, win big.

      URD

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    2. Majority of trades end as scratch. Occasional big wins will not only take care of occasional losses but will make the account green at end of month. Don't go into percentage and all that. For individual traders all matters is, when you lose, lose less and when you win, win big.

      URD

      Delete
  5. hii dave sir any idea when st will be back

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    Replies
    1. Rocky

      Unfortunately I do not have any clue. I too miss him a lot and wish him to come back in action soon.

      URD

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