PrinceT's Trading Diary

Hello Friends, Myself prince, starting out this trading diary to keep as a trading journal for my intraday trades. I started intraday trading from this month. This journal will contain my trades, charts, learning, points to improve for self, and (hopefully it might help few others in their learning curve as well)..

Good Luck to All, Thanks :thumb:

Who is your broker ? What are your trading costs ? Which charting software do you use ?

Good luck and looking forward to your trades.

okay, I thought these are not important things to mention, thanks timepass, for you brought them up, I have account with many discount brokerage firms, But before starting intraday I decided to go with a reliable one, and intraday trading will be done with TSO with 15rs per order plan. Trading terminal - NOW, Charting app - Amibroker, Datafeed - GFDL.

To me, last two days have been extremely range bound to trade intraday on NIFTY and BANKNIFTY. Sitting patiently for the right setup. Have been told that even having no position is also a type of position in market. I was expecting move after policy today but market had other mind.. No complaint.

Today BNF is still in range, and NF though near range top showing less momentum.. Things may change in later part of the day, as of now, no trade yet..

BNF breaks down, and accelerating on downside,, holding on to shorts..

NIFTY follows the path on downside.. No short yet.

Today sideways break down for BANKNIFTY worked well, and a good short setup is presented. NIFTY though broke the sideways range as well, but no momentum is seen after break.. Kept waiting, but no setup came.



Banknifty trade is marked on chart. I trade 15m chart in the direction of hourly chart, and finetune the entry using 3m chart.



No Trade in NIFTY.

One short in BNF in morning trade, minor Loss.

Today just 1 trade in BNF, rest of the day just wait and watching..



Another day with NIFTY with no trade.