Try, try again.

[MSN1979]

For those friends who have failed and made it through. This poem reminds me of what I want to do. I am starting this thread to Try again. Just General Discussion of various win/loose strategies that we follow during market hours.

It's a lesson you should heed,
Try, try again.

If at first you don't succeed,
Try, try again.

Then your courage should appear,
For if you will persevere,
You will conquer, never fear,
Try, try again.

Once or twice, though you should fail,
Try, try again.

If you would at last prevail,
Try, try again.

If we strive, 'tis no disgrace,
Though we do not win the race;
What should you do in that case?
Try, try again.

If you find your task is hard,
Try, try again.

Time will bring you your reward,
Try, try again.

All that other folk can do,
Why, with patience, should not you?
Only keep this rule in view,
Try, try again.

 

[MSN1979]

Current strategy : Basic study of trend on chart. Trade in the direction of trend. It could be a paper trade or a real time trade.
Trade type: equity delivery only
Chart Type: Daily/ Weekly/Monthly Only
Target : earn 200 Points to 500 Points per day on chart (avg to be calculated after 1 month of trading)
Trading Method:
If condition 1 and 2 is true we stay out, If condition 2 and 3 is true we buy. Any other condition we don't trade. We will only go long. Never take shorts. We exit when Condition 3 and 4 changes to condition 1 and 2 or Conditions 3 and 4 is no longer true. Since we will not work on smaller time frame. we can exit whenever we want (when conditions becomes false.) It is not important at what price. We will only buy A Grade stocks. In case trade does not work in our favour we can hold or choose to exit .


Condition 1.LPH= Lower Pivot High
Condition 2.LPL = Lower Pivot Low

Condition 3. HPH= Higher Pivot High
Condition 4. HPL= Higher Pivot Low

Trade quantity: This is a self assessment method. I will buy minimum 1 share and maximum 20.

Bajaj Auto Daily

Looks like at important support Levels. Trend is LPh and LPL

Pivot High 2830 on watch list.

 

[MSN1979]

Good Uptrend but Bata India making LPH LPL ( maybe because nifty is going 10500) will be on watch list when trend resumes.

Add more at 710 levels.

 

[MSN1979]

Bhel LPH LPL making new lows. Hopeless stock for now. Not sure when trend will change.

 

[MSN1979]

Britannia Perfect Condition. HPH and HPL. ( I will not enter here as already entered long time back at start of HPH and HPL) following this to check change in trend. Levels to watch 5441 on dialy

 

[MSN1979]

Cadilla making LPH and LPL. Following this as already entered at very high levels. making loss but holding this trade.

 

[MSN1979]

COLPAMOLIVE: ErectoTrend: 1170 HPL

 

[timepass]

Current strategy : Basic study of trend on chart. Trade in the direction of trend. It could be a paper trade or a real time trade.
Trade type: equity delivery only
Chart Type: Daily/ Weekly/Monthly Only
Target : earn 200 Points to 500 Points per day on chart (avg to be calculated after 1 month of trading)

200-500 points on which scrip ??

 

[MSN1979]

200-500 points on which scrip ??

Since I am trading multiple scrips. It can be one or combination of multiple scrips.

 

[MSN1979]

5@ Made Long at 1845
Exit HDFC Bank Shorted at 1998.