Swing Trading - Simple Setups

[Blitzz]

will answer your question after market hours brother

 

[Blitzz]

sl hit.

now short 1 lot of tata steel 400.5

TSL for tata steel hit at 399.5. Total booked profit for the day = 21300.

Had 1.8 lakh Now have 2.013lakh

No trade for the day after that.

 

[Blitzz]

Blitzz, you are doing what is known as 'Systematically' blowing one's account in the name MM. And that, my friend, happens because of either 'Revenge trading' or 'Compulsive trading'. frankly, I don't see any difference between the two.

2 lac and you are playing with the likes of punters' stock JP associates?
Just sit back, and relax.

BTW, your ledger wouldn't know the difference between 'Notional' or 'Actual' loss. Careful.

I am in merchant navy. I get to trade for only 3 months. So like to play Big. I am still learning

 

[Blitzz]

Got a tip from my broker. So bought this future. Heard about this share for the first time. Hope i haven't done wrong in listening to my broker.

Notional loss - Rs. 950

 

[Blitzz]

Bought 2 lots of nifty 4900 call. Hoping to see a bounce now in the market

Notional loss in two open position = 2300

 

[Blitzz]

BGREnergy trade s/l hit at 267. Call s/l hit at 33.

Very bad trading done by me.Going to give serious thinking to my trading and will try to build a sound trading methodology.

 

[trump]

dear Blitz, initially I was also like you, plunging in the market randomly, with no setups/strategy, it was based on tips from brokers, from other sources and what not, all except my own analysis and method, but it takes time to build ones own setups and one should know what works in the market, there are many posers in this field who pose as traders, its really very difficult to separate the clowns from the original.But take your own time and do some study, to begin with there is an excellent book by Edwards & Magee, start with that, and another book is Steidlmayer on Makrkets.Try to increase your screen time.with experience you would make money slowly, its one step at a time, where most important factor is your edge.

 

[Blitzz]

Made 2600 today

Now trying to keep my risk per trade in control