Trading Journal

[simplebuthard]

Hi all Traderji members,

This is my trading diary where I will be posting my intraday trades and some rare positional trades. I trade on Index&Stock FNO.

In traderji, i see many trading diary threads which educate & help other members. But i am novice compared to them all and started trading just before 16 months.

Reason I am posting here my trades is - forcing myself to follow the rules with much discipline by publicly posting the reason for taking the trades.

Any positive or constructive negative feedbacks are welcome.

 

[Raghuveer]

Hi all Traderji members,

This is my trading diary where I will be posting my intraday trades and some rare positional trades. I trade on Index&Stock FNO.

In traderji, i see many trading diary threads which educate & help other members. But i am novice compared to them all and started trading just before 16 months.

Reason I am posting here my trades is - forcing myself to follow the rules with much discipline by publicly posting the reason for taking the trades.

Any positive or constructive negative feedbacks are welcome.

What methods do you use for your intraday trades? for positional trades?

 

[simplebuthard]

What methods do you use for your intraday trades? for positional trades?

I use daily charts EOD for positional trades in stock fno. I also use 30 min timeframe for intraday trades in index fno.

 

[Raghuveer]

I use daily charts EOD for positional trades in stock fno. I also use 30 min timeframe for intraday trades in index fno.

Trades are indicator based? or using price action?

 

[simplebuthard]

Trades are indicator based? or using price action?

Both. following is based on RSI

In daily charts, yesbank touched RSI 30 level and shown reversal to upside. So expecting at least few point up move. CMP is 539. Will buy stock option if it cross 542 today. I will post stoploss and target once position taken. This will be positional trade may carry 1 or 2 days.

 

[Raghuveer]

Both. following is based on RSI


In daily charts, yesbank touched RSI 30 level and shown reversal to upside. So expecting at least few point up move. CMP is 539. Will buy stock option if it cross 542 today. I will post stoploss and target once position taken. This will be positional trade may carry 1 or 2 days.

Thanks. :thumb:

 

[simplebuthard]

In daily charts, yesbank touched RSI 30 level and shown reversal to upside. So expecting at least few point up move. CMP is 539. Will buy stock option if it cross 542 today. I will post stoploss and target once position taken. This will be positional trade may carry 1 or 2 days.

Bought 3 Lot @ 5.05

stop loss 4 .

Target 8 - 10

 

[simplebuthard]

carry forward the positions as the targets are not met. but will wait only couple of days.:thumb:

 

[Taiki]

I use daily charts EOD for positional trades in stock fno. I also use 30 min timeframe for intraday trades in index fno.

Good luck SimpleButHard,

Will be tracking your thread, interested in EOD studies...
Whats the money management rule you impose on your trades ?? Mind sharing them...

Regards
Taiki

 

[simplebuthard]

Good luck SimpleButHard,

Will be tracking your thread, interested in EOD studies...
Whats the money management rule you impose on your trades ?? Mind sharing them...

Regards
Taiki

In Stock option positional trades I look for at least Risk:Reward ratio as 1:2 or higher.

In intraday index options i play aggressive bad position sizing as becos i am more like a scalper who gets in and gets out so fast say less than 10 minutes. But i play only one such trade in a day.