Search This Blog

Monday, June 15, 2015

15/05/2015, MONDAY




1) Hesitated and missed direct BO above PDH.

2) Longed at XX06.5. Stopped out in a minute. Should have waited for at least 2 candles to confirm that the downward momentum is less and not accelerating near the order. Exposed my Limit order to a brief high momentum fall and paid the price. Gave 5 points.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.
Posted by at

7 comments:

  1. UnknownJune 15, 2015 at 4:17 PM

    Hi SK,
    Regarding your second trade, Intra range trades are always low probable ones.. Regarding your first,It's better to skip the trades like first one as it was a bit emotional move early in the morning..

    ReplyDelete
  2. athshreeJune 16, 2015 at 1:30 AM

    Hi jagdishji,
    As you advice about 1st trade....what is difference in Monday's (15 June) morning upmove and last Wed.'s (10th June) morning upmove?
    Thanks

    ReplyDelete
    Replies
    1. JagadeeshJune 16, 2015 at 9:47 AM

      The breakout on 10th june was taken as a pressure play entry expecting some stop accumulation above hourly trend changing pivot and the tight range of previous session.
      The first trade here is taken against the bear trap. My advice is, take direct BO entries only when you have at least two reasons and other times, avoid them and look for BPB or BOF.
      Trade on 10th june, positional traders stops and hourly trend changing pivot stops.
      Trade on 15th June, positional traders stops and the bear trap stops.

      Delete
  3. ArvindJune 16, 2015 at 3:13 PM

    Hi KS ji,
    I too started day trading journey 2 years ago by following ST sir blog . My problem is I win a big move here and there but give back to the market in small pieces,when it starts trading in sideways or when I loose focus .Infact sometime I end up taking such trades that does not even qualify for discussions. I wonder why I make same mistakes again and again.
    We are fortunate that we have got ST sir, Dave Sir, Jagadeesh ji, as a helping hand . Don't worry ,things will work and are working ,but very slowly ,I can feel that . ST sir has written a lot on this situations in Rant N Raves section.

    I am your companion in this journey of achieving consistency in day trading.

    This is how I get something from market
    http://screencast.com/t/cQLdRHydsQ
    This is how I give back .
    http://screencast.com/t/eY79HlO2juu

    Conclusion is that you are far ahead of me.So don't worry.

    Thanks
    Arvind.

    ReplyDelete
    Replies
    1. nifty for breadJune 16, 2015 at 4:10 PM

      Arvind, Thanks a lot for your kind words. We have to endure the learning curve, come what may and wait patiently.

      Delete

Subscribe to: Post Comments (Atom)