Can I Earn From Tradeing

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A new entrant to Trading and learning chart, here I like to summarise my trading journey, mistakes and earnings.

 

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likely a tangle break downtrend.

 

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Today's learning Never trade contra in intra-day, or wait for confirmation. Also a famous quote in Trading is "Go With Trend my Friend"
After good put option call in morning, I bought call option in hope that it will start upward before closing. So started with small position added some more on retracement, which result in loss for the day.

 

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After retracement looks like resume upward movement, today looks to buy nifty 10700 CE 1 lot after confirmation.

 

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Yesterday, bought 1 lot of nifty 10700 PE @ 116.05 and Sold at 124.85. Result in small profit..

 

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Looking at the View attachment 26401 global trend and NIFTY is not looking strong on opening, Today take a 10700 PE 1 lot @ 130.50. Struggling to decided the stop loss and target for the position.

 

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Closed position @140.05

 

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nifty preopen session looks like open above 10800 and continue upward journey. Option data showing PE 2,880,750 10800.00 1,293,825 CE contracts standing. Nifty might not able to sustain at 10800 levels in opening.

 

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Today with expectation on not able to sustain 10800 in morning session bought 1 lot of 10800 PE with Stop loss order, like always stop loss hit first and then nifty moved down, result in 1 trade with minor loss. In order to keep loss minimum from today I will always put order only with stop loss.

 

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Trying second trade, again with the expectation that nifty will not sustain 10800