Swing Trading - My trades

[kk82]

Hi guys,
Its been 2 years now since i left my job to pursue trading as a full time job.I had my ups and downs but i have hung on. Now i have started to show some consistency.So i have to decided to start this thread on Traderji , a forum which has helped me immensely..So i will post my swing trades here from today ..along with the reasons.If it benefits atleast one person i will be happy.Thank you..

 

[kk82]

I am long from 633..I have exited half and trailing now. For fresh buying its better once the channel breaks ..ie a close above 677.
All oscillators are up ( not shown in chart)
ADX =30

please note that The RBI policy is on 29th , so any negative news on that day can make the banking stocks crash .So at this point this is a risky trade.So please use strict SL or wait for a channel breakout for buying

 

[kk82]

Tata steel broke above the weekly downtrend line (pls check the chart)a few weeks back with good volume.Its now back to test the strength of that breakout. So now is a good time to buy with good risk reward ratio.

Daily charts had a hammer and also the oscillators in daily are in over sold. (chart not posted)

My SL for this is 398
Target 450+

 

[trade2411]

Hi guys,
Its been 2 years now since i left my job to pursue trading as a full time job.I had my ups and downs but i have hung on. Now i have started to show some consistency.So i have to decided to start this thread on Traderji , a forum which has helped me immensely..So i will post my swing trades here from today ..along with the reasons.If it benefits atleast one person i will be happy.Thank you..

Nice to hear that, I am too wanting to quit my job to pursue trading.. How has your trading been? hows it going.. I recently got married, So more responsibilities to think of before i can quit.

 

[kk82]

Nice to hear that, I am too wanting to quit my job to pursue trading.. How has your trading been? hows it going.. I recently got married, So more responsibilities to think of before i can quit.

Hi trade2411,
Its starting to go well for me ,but still a long way to go before i can make big profits consistently each month. Good luck and i hope you realize your dream.
My advice for you would be that before you quit your job divide your cash into 2 parts.
1) To be used for trading ie for margin and SL
2) For your and family's 1 year expenses .Never touch this money for trading.

And one thing that i have learned from experience is that nothing is more important than proper money management.

Good luck once again!

 

[Rish]

Hi trade2411,
Its starting to go well for me ,but still a long way to go before i can make big profits consistently each month. Good luck and i hope you realize your dream.
My advice for you would be that before you quit your job divide your cash into 2 parts.
1) To be used for trading ie for margin and SL
2) For your and family's 1 year expenses .Never touch this money for trading.

And one thing that i have learned from experience is that nothing is more important than proper money management.

Good luck once again!

I feel 1 year expenses safety for family is not good enough depending trading, atleast 2 to 3 yrs if safe and secure if anything goes wrong.

Without good amount of experience in trading, quiting the job and trading is harm to Health and Wealth.

Take care.

 

[kk82]

I feel 1 year expenses safety for family is not good enough depending trading, atleast 2 to 3 yrs if safe and secure if anything goes wrong.

Without good amount of experience in trading, quiting the job and trading is harm to Health and Wealth.

Take care.

Rish i agree..1 year is the minimum needed is what i meant..Anything less would be highly risky.Ideally the more the better

 

[trade2411]

Hi trade2411,
Its starting to go well for me ,but still a long way to go before i can make big profits consistently each month. Good luck and i hope you realize your dream.
My advice for you would be that before you quit your job divide your cash into 2 parts.
1) To be used for trading ie for margin and SL
2) For your and family's 1 year expenses .Never touch this money for trading.

And one thing that i have learned from experience is that nothing is more important than proper money management.

Good luck once again!

Thanks for your advices n views. If you are willing , I would like to more from you, how did you manage your trades and the two important years of expenses. Do you trade only equities or futures too ?
Can you share your id, i will write to you ..

 

[kk82]

Thanks for your advices n views. If you are willing , I would like to more from you, how did you manage your trades and the two important years of expenses. Do you trade only equities or futures too ?
Can you share your id, i will write to you ..

Hi,
I trade in futures..I worked 8 years prior to that..So i had a safety net in place before i quit. Also the plan was to start working again if the trading was to be a an utter flop. Fortunately i guess i wont be back doing the programming again
I dont mind sending you my id in a PM.But i dont see an option to do that,,Or do one need to make a certain amount of posts before he can send a PM?

 

[kk82]

Looking to buy JP Assoc tomorrow ( all are spot levels)

1) Piercing line in daily charts with good vol
2) rsi ,stoch oversold
3) took support near 200 ma

SL 82
Target 90-92
92 is a high resistance region based on volume profile