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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    With end of this week, I am also closing trading for FEB month, from the day I started maintaining this journal, I ended with my equity up by 2.5%. To be honest, so far this activity has been helping me a lot, as I am now more watchful to my equity and risk. Overall my focus on MM has improved, where as previously this area was being taken lightly by me. So looking forward to keep doing this for my personal's benefit. Also re-seting my equity growth to ZERO to start trading for MARCH. Happy Weekend.
     
  2. PUCHU_2500

    PUCHU_2500 Well-Known Member

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    nice thread. thanks lonewolf
     
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  3. LoneWolf

    LoneWolf Well-Known Member

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    During the budget session will trade only on indices, NF and BNF. Will avoid tracking other stocks.
     
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  4. LoneWolf

    LoneWolf Well-Known Member

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    Date : 29 Feb 2016

    A No trade day. Was only tracking NF and BNF, but market was too volatile and fast for my system. I have seen it in backtesting as well, that my system suffers in high volatile market where price moves in both side. So decided to enter only upon low risk and sure enough setups, which I got none. Market is not going anywhere, so preserving capital is needed rather than risking on urge trades. So will start the trade for March series from tomorrow.
     
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  5. LoneWolf

    LoneWolf Well-Known Member

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    Few Probabilities

    BANKNIFTY 30m Chart - Down slopping channel

    [​IMG]

    NIFTY Daily Chart - Price near accelerated down trend line

    [​IMG]

    NIFTY 30m CHart - Major resistance near 7100, price not trading above it convincingly.

    [​IMG]

    Saving these 3 charts for future reference. Current probability are on downside unless the setups are not invalidated. In BANKNIFTY 14200-14300 could be a short level, Bulls might gain advantage above 14300. In NIFTY Price need to trend above 7100 convincingly. Today gap and weakness could be a shorting opportunity.

    These are just few probabilities saving for future evaluation purpose. In intraday will trade only as per the current trend.
     
  6. LoneWolf

    LoneWolf Well-Known Member

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    Date : 01 March 2016

    Trades Taken = 5
    Trades in Profit = 3
    Trades in Loss = 2
    Net Equity Up by = 1.01 %

    A bad day to start with March series though ended the day in green. Bad day because took 2 short trades out of urge which are not as per any of my trade setup. I mis-judged it, took 2 short trades in morning in BANKNIFTY and YESBANK. Thanks to the LONG in NIFTY and YESBANK for which recovered the earlier loss and ended the day in green. Need to be careful on this aspect from next session.

    NIFTY Trades

    [​IMG]

    BANKNIFTY Trades

    [​IMG]
     

  7. test123

    test123 Banned

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    i too had bear mind today ....at bout 10:00 pm after opening chats in evening i noticed i forgot price was above pivot. and when price are above pivot it;s not time to go short not atleast on that day....
    you are good .i like your trading style do post how much percent rise was for month of feb. i am curious according to my calculation u easily made 15% of equity if not i understand no worry Friend.. :)

    Best wishes for future trades
     
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  8. gemat

    gemat Active Member

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    nice strategy. if you want to be a successful trader you have to go by the rules fixed best by you and never deviate from it.
     
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  9. LoneWolf

    LoneWolf Well-Known Member

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    Yes monthly average stays slightly higher than 15%.
     
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  10. test123

    test123 Banned

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    consistence in profit is key .. lol and u are consistent... i cann;t imagine after 1-2 years where u will be as power of compounding grows your bank will grow too .
    i am a road side trader i make capital 100 200 300% lol and i lose money same fast at that rate and in 1-2 yrs i see my bank and it doesn;t looks it grew lol...

    All good cheers
     
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