LONE WOLF's Trading Diary

Discussion in 'Trading Diary' started by LoneWolf, Feb 22, 2016.

  1. LoneWolf

    LoneWolf Well-Known Member

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    Introduction

    Hello All, I am Lone WOLF, a complete intraday trader, trading in index and stocks future, starting out my intraday trade diary to keep track of the details which will be helpful to my intraday trading.

    Game Plan

    * Risk 1% maximum on every trade.
    * Stop trading for the day if equity is down to 3% from its peak.
    * Stop trading for the week if equity is down to 6% from its peak.
    * Stop trading for the month if equity is down to 10% from its peak

    If weekly risk/monthly risk is hit, paper trade until I recover 50% of the lost amount.

    Strengths

    * All the trades are taken as per my clearly defined trade set-up rules.
    * Taking calculated risk in every trades.
    * Cutting loss early when price is not moving convincingly after my entry.

    Weakness

    * Not being able to capitalize efficiently on wining trades. Sometimes closing them out too early and sometimes giving back profit to market.
    * Scaling in on winning trades.

    Goals

    * To learn holding on to the winning trades. As this is what is gonna make money for me.
    * Learn and implement scaling in strategy.

    Purpose of the Diary

    * To keep a close track of my risk and daily equity curve.
    * To keep a positive pressure on myself to perform.
    * To keep notes of important learning/points from day to day trading.
    * Work progressively to reach my goals.

    Thank You
     
    Last edited: Feb 22, 2016
  2. copypasteaee

    copypasteaee Well-Known Member

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    welcome to forum and wish you good luck.
     
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  3. LoneWolf

    LoneWolf Well-Known Member

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    Date : 22nd Feb 2016

    Trades Taken = 7
    Profit Trades = 2
    Loosing Trades = 5
    Gain/Loss in Equity Curve = -1.8%

    Mostly a range bound days.
     
    Last edited: Feb 22, 2016
    PUCHU_2500 likes this.
  4. timepass

    timepass Moderator

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    Which scrips do you trade ?
     
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  5. LoneWolf

    LoneWolf Well-Known Member

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    I track 13 stocks, and 2 indices. Watch that whichever moves or shows potential of movement. Trade if a clear defined trade setup is present and risk is as below my per trade risk taking capacity.
     
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  6. amitrandive

    amitrandive Well-Known Member

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    If possible , please post trades with charts.
     

  7. LoneWolf

    LoneWolf Well-Known Member

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    Brother, Marking and posting all the trades will be difficult for time constraints as in evening I have started tracking commodity. Will go live in Crude Mini from March. instead if its okay I will post the charts and trades for NF and BNF which is being traded by most here.. let me know if that's okay.
     
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  8. amitrandive

    amitrandive Well-Known Member

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    Sure, anything which your time permits.I am sure all those reading your diary are more eager to see trades visually than just see the "+" or "-" in your trading capital.:D
     
  9. LoneWolf

    LoneWolf Well-Known Member

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    2 Trades in Banknifty
    [​IMG]

    2 Trades in NIFTY
    [​IMG]

    Other trades are from RELIANCE, AXISBANK, and TATASTEEL
     
  10. LoneWolf

    LoneWolf Well-Known Member

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    Date : 23 Feb 2016

    Trades Taken = 5
    Trades in Profit = 2
    Trades in Loss = 3
    Closed the day in green. But It could have been more as I missed the early short opportunity in BANKNIFTY, SBIN and YESBANK. Recovered some of the lost money from yesterday.

    Now Equity = -0.9% from Peak

    Trades in NIFTY

    [​IMG]

    Probable Trades in BANKNIFTY as per the rules.

    [​IMG]

    I missed today both the trades in BANKNIFTY.
     
    bpr, timepass, amitrandive and 2 others like this.
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