My Bank Nifty Options trading diary

[pannet1]

dumped AUROPHARMA for got good .... got severely beaten last week (i hope for the last time)

todays intraday .... decided to reduce the position size greatly.

 

[pannet1]

Both the NMDC and AMBUJACEM short trades retraced far above to hit a SL if i had remained in the trade. I was a bit lucky to get out with all remaining lots.

dumped AUROPHARMA for got good .... got severely beaten last week (i hope for the last time)

todays intraday .... decided to reduce the position size greatly.

 

[pannet1]

NMDC 500Q

 

[pannet1]

AMBUJACEM 700Q

 

[pannet1]

completely f**ked up.
NEED URGENT INTROSPECTION

 

[Satya.]

u shrt as soon as price is blw dat ma?

 

[pannet1]

u shrt as soon as price is blw dat ma?

nope. the MA draws the virtual range of the previous day ... below that .. ideally look for short and above that long

 

[pannet1]

completely f**ked up.
NEED URGENT INTROSPECTION

View attachment 25862

shorted and weak stock (NMDC) and a gap down stock (GSFC) both backfired.
TATAPOWER was broke the day's low and went for the short but the pull back went all the way up to hit my SL.

Lesson Learnt:
1) whatever may be reason if i have to take the breakouts always take the breakout or breakdown .. no matter whather its gap down or gap up stock.
2) keep the size small and add when winning.

 

[Satya.]

nope. the MA draws the virtual range of the previous day ... below that .. ideally look for short and above that long

whc ma is dat?

 

[pannet1]

whc ma is dat?

5Min TF
65 WMA on HL/2
arrived at that by counting number of bars a script will paint for 5Min TF.