Performance Postmortem

#1
January performance :
Code:
[SIZE="2"]Month	Opening	Profits	Added	Closing	||	Brokerage	Taxes etc.
								
[URL="http://www.traderji.com/futures/91950-day-trading-futures-87.html#post931271"]Jan-14[/URL]	22808	-5235	0	[COLOR="Red"][B]17573[/B][/COLOR]	||	3107		3397[/SIZE]
  • Tried trading Banknifty futures, generally made losses there. I did ok in options though.
  • I mostly seem to buy at the top and sell at the bottom using "Buy above" and "sell below" orders. Need to find a solution to these.
  • I seem to get disturbed when a) there's a losing first trade, b) my order gets "jumped". Under these circumstances I seem to overtrade emotionally.
  • It seems to me that selling options intraday is safer than buying them, though less profitable. Options usually give a chance to exit safely. Will work on it further this month.
  • I still feel unprotected against swift and large movements so I do not carry my trades long. I book out early. That's ok with me if the losses are controlled.

Let's see what the next month brings. Will focus more on "no loss" days because I expect this month to have very choppy days. Then there is the rail budget on 12th and general budget on 17th.
 

Tlahuicole

Well-Known Member
#2
January performance :
Code:
[SIZE="2"]Month	Opening	Profits	Added	Closing	||	Brokerage	Taxes etc.
								
[URL="http://www.traderji.com/futures/91950-day-trading-futures-87.html#post931271"]Jan-14[/URL]	22808	-5235	0	[COLOR="Red"][B]17573[/B][/COLOR]	||	3107		3397[/SIZE]
  • Tried trading Banknifty futures, generally made losses there. I did ok in options though.
  • I mostly seem to buy at the top and sell at the bottom using "Buy above" and "sell below" orders. Need to find a solution to these.
  • I seem to get disturbed when a) there's a losing first trade, b) my order gets "jumped". Under these circumstances I seem to overtrade emotionally.
  • It seems to me that selling options intraday is safer than buying them, though less profitable. Options usually give a chance to exit safely. Will work on it further this month.
  • I still feel unprotected against swift and large movements so I do not carry my trades long. I book out early. That's ok with me if the losses are controlled.

Let's see what the next month brings. Will focus more on "no loss" days because I expect this month to have very choppy days. Then there is the rail budget on 12th and general budget on 17th.
Good going bro, yet another month in our trading pursuit.
 
#3
January performance :
Code:
[SIZE="2"]Month	Opening	Profits	Added	Closing	||	Brokerage	Taxes etc.
								
[URL="http://www.traderji.com/futures/91950-day-trading-futures-87.html#post931271"]Jan-14[/URL]	22808	-5235	0	[COLOR="Red"][B]17573[/B][/COLOR]	||	3107		3397[/SIZE]
  • Tried trading Banknifty futures, generally made losses there. I did ok in options though.
  • I mostly seem to buy at the top and sell at the bottom using "Buy above" and "sell below" orders. Need to find a solution to these.
  • I seem to get disturbed when a) there's a losing first trade, b) my order gets "jumped". Under these circumstances I seem to overtrade emotionally.
  • It seems to me that selling options intraday is safer than buying them, though less profitable. Options usually give a chance to exit safely. Will work on it further this month.
  • I still feel unprotected against swift and large movements so I do not carry my trades long. I book out early. That's ok with me if the losses are controlled.

Let's see what the next month brings. Will focus more on "no loss" days because I expect this month to have very choppy days. Then there is the rail budget on 12th and general budget on 17th.
Sir Timepass

Sorry to ask the following question: You show Brokerage and Taxes etc.in black. Should it not be in red, as those positions are deducted from your current account balance. The real account balance then would be 11'069. If the tax money is stored in an other account, then you would have an actual trading power of 14'466, as your brokerage must be paid at the moment you take the trade. Or what is your brokers system about that or what do I miss interpret when I see your presented numbers?
 
#4
Sir Timepass

Sorry to ask the following question: You show Brokerage and Taxes etc.in black. Should it not be in red, as those positions are deducted from your current account balance. The real account balance then would be 11'069. If the tax money is stored in an other account, then you would have an actual trading power of 14'466, as your brokerage must be paid at the moment you take the trade. Or what is your brokers system about that or what do I miss interpret when I see your presented numbers?
No no. My actual closing balance is 17573, after deducting the expenses. I have mentioned brokerage and taxes just by the way of keeping a record. Maybe some months down the line I will scrutinize some way of reducing those expenses, once I am more confident in trading.
 
#5
No no. My actual closing balance is 17573, after deducting the expenses. I have mentioned brokerage and taxes just by the way of keeping a record. Maybe some months down the line I will scrutinize some way of reducing those expenses, once I am more confident in trading.
Sir, thank you for your answer.

About your option trading: In point two in your first post you told I mostly seem to buy on the top and sell at the bottom, using "Buy above" and "sell below" orders. Then you say: Need to find a solution to these.

If you buy puts on the top and sell them on the bottom, what is wrong with that? Or what do you mean with: Need to find a solution to these.
 
#6
Sir, thank you for your answer.

About your option trading: In point two in your first post you told I mostly seem to buy on the top and sell at the bottom, using "Buy above" and "sell below" orders. Then you say: Need to find a solution to these.

If you buy puts on the top and sell them on the bottom, what is wrong with that? Or what do you mean with: Need to find a solution to these.
if I was buying puts, I would buy them at the top of the puts price or if selling them, sell them at the bottom. This is how I had a bad first trade yesterday. I kept 6200PE for "sell below" 141.6, i.e. trigger price 141.6, limit price 141.4. It sold at 141.6, went down to 140.xx and rebounded :). It hit my SL at 145.6.
 

kiran_thiru

Well-Known Member
#7
January performance :
Code:
[SIZE="2"]Month	Opening	Profits	Added	Closing	||	Brokerage	Taxes etc.
								
[URL="http://www.traderji.com/futures/91950-day-trading-futures-87.html#post931271"]Jan-14[/URL]	22808	-5235	0	[COLOR="Red"][B]17573[/B][/COLOR]	||	3107		3397[/SIZE]
  • Tried trading Banknifty futures, generally made losses there. I did ok in options though.
  • I mostly seem to buy at the top and sell at the bottom using "Buy above" and "sell below" orders. Need to find a solution to these.
  • I seem to get disturbed when a) there's a losing first trade, b) my order gets "jumped". Under these circumstances I seem to overtrade emotionally.
  • It seems to me that selling options intraday is safer than buying them, though less profitable. Options usually give a chance to exit safely. Will work on it further this month.
  • I still feel unprotected against swift and large movements so I do not carry my trades long. I book out early. That's ok with me if the losses are controlled.

Let's see what the next month brings. Will focus more on "no loss" days because I expect this month to have very choppy days. Then there is the rail budget on 12th and general budget on 17th.
time pass bhai, some words from my little knowledge.....

selling options----- is very powerful knife, if we doesn,t handle correctly, it will cut our hands. sudden jump in last days may choppy our ledger if we are not alert at right time.

i book out early---- same like me. i am also can't hold long time in profits. i am also happy as you that not in loss and some profit in pocket.

no loss days----yes, if we success in this we may get profits automatically.

one small question--- is this thread only for your performance postmortem or will you allow others to discuss about their performance.
 
#8
Sir, as I see you as an active member in the Nifty future thread from Manishchan, you surely did follow the little chat I had with RAAMAKANT. It was about future and option trading in the same strategy. One post you may have to analyze a bit deeper is this one: http://www.traderji.com/futures/91950-day-trading-futures-77.html#post930807 Here it shows that if who ever trades options on TA and not on non TA components, those person can/could trade with placed limit orders instead with "Buy above" and "Sell below" orders. Just some input from my side with no further comment on it.
 
#9
one small question--- is this thread only for your performance postmortem or will you allow others to discuss about their performance.
Oops.. I had not thought of that !! Actually I had thought of this thread as discussion of my monthly performance. But you have a good idea about the others too discussing their performance. It's fine as long as the thread is on track i.e. introspection inviting discussion.


Sir, as I see you as an active member in the Nifty future thread from Manishchan, you surely did follow the little chat I had with RAAMAKANT. It was about future and option trading in the same strategy. One post you may have to analyze a bit deeper is this one: http://www.traderji.com/futures/91950-day-trading-futures-77.html#post930807 Here it shows that if who ever trades options on TA and not on non TA components, those person can/could trade with placed limit orders instead with "Buy above" and "Sell below" orders. Just some input from my side with no further comment on it.
Options are for purely positional purpose and Future is for purely intraday purpose.
First option entry because of limited risk compare to future, once setup in future is confirm I take entry in future.
One more thing, in Jan I traded most of the time BNF, very rarely in NF, as I found BNF gives more tradable moves than NF.
Thanks. I read that post. Individual style, I guess. I am still experimenting with different strategies. I guess once I am on a consistent winning path, I will have more structured approach. At present the target is to avoid losses, which play with my emotions and all TA FA goes for a toss :)
 
#10
Oops.. I had not thought of that !! Actually I had thought of this thread as discussion of my monthly performance. But you have a good idea about the others too discussing their performance. It's fine as long as the thread is on track i.e. introspection inviting discussion.


Thanks. I read that post. Individual style, I guess. I am still experimenting with different strategies. I guess once I am on a consistent winning path, I will have more structured approach. At present the target is to avoid losses, which play with my emotions and all TA FA goes for a toss :)
Sir, if your emotions are a problem for your way of trading, then why not change to a pure mechanical system and stop testing different strategies all the time. An other approach would be to trade only on mathematical levels like pivot points or Fibonacci. There are more such mathematical ways of trading. If market touches any of those levels, you enter the market with clear stop loss levels. You will not always be with the moves. On the other hand you will be in a position to trade without/less emotions, as you only trade those levels with a clear stop loss. If you are in a move, trailing stop loss will do the job.

Just some other inputs here as you can improve those kind of trading even with special money management rules like adding or reducing. I would rather test such ideas compare to strategies, as all strategies from time to time do not work under certain market conditions. There is any way no perfect strategy around, so why not accept it and concentrate on some thing which will make money in the long run.
 

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