BNF Trading Dairy... Trying to become disciplined

Discussion in 'Trading Diary' started by Brill, Apr 5, 2016.

  1. Brill

    Brill Well-Known Member

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    Bar By Bar Analysis of different timeframe can help understand the market.
     
  2. Brill

    Brill Well-Known Member

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    Started paper trading SH 315 method but intraday. I am trying with 4m chart using Zerodha Pi, only BNF

    Kindly help on selecting TF if anyone is using this method intraday.
    Thanks.
     
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  3. Brill

    Brill Well-Known Member

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    Originally Posted by throwawayacc123

    "if you can make 5% a month for 1 year consistently , then you are a damn good trader.

    Think in terms of percentages only. "


    Thinking in terms of perentage - 5% target for next 2 months - that could be very small amount when i consider my small capital, but if i am consistent for at least 6 months...

    thanks
     
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  4. Brill

    Brill Well-Known Member

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    Dear Friends,

    Can anybody guide me on Capital required for POSITIONAL trade 1 lot BNF/NF.

    Thanks.
     
  5. timepass

    timepass Moderator

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  6. wisp

    wisp Well-Known Member

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  7. Brill

    Brill Well-Known Member

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    Aug16 ended in a slight positive note to my ledger with Z60D challegge win with equally thin profit. Good that it came after a 20% disaster to the previous 60D Challenge.

    Focussed mainly on PDH, PDL and the opening range with pivot on 3mTF. 30mTF for direction.

    Pirce action at the levels and pivots are important. Finding the failure and entering counter trend can give good RR especially in Shorts.

    BNF has given two good setups but didn't enter any position today.
    [​IMG]
     
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  8. Brill

    Brill Well-Known Member

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    Could not stick to one trading plan. Understood that indiscipline is the root cause.
     
    Last edited: Jan 7, 2017
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  9. TraderRavi

    TraderRavi Well-Known Member

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    congrats , you won Z60D challenge :thumb:
     
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  10. Brill

    Brill Well-Known Member

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    Selection of instrument to trade is also important for a day trader.

    For money can't be made on same instrument everyday. This will make the trader think that there is some problem with his method and he tries to tweak his method and end up in losses.

    So how we select the instrument? Previously i used to trade only in BNF. Now i am trying with BN Stock futures. Risk is there but hopefully the SL will save the capital. Using pivot trading with 3m/5m charts.

    Status : Capital still down by 30%

    Thanks.
     

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