LONE WOLF's Trading Diary

LoneWolf

LoneWolf

Well-Known Member
#101
#101
LoneWolf said:
Thinking of my trading performance from last year there are many areas to improve upon. In the early part of 2015-16, I had changed my trading system thrice in 5 months. This definitely left a big imapct on performance. So I will be careful enough to not to repeat it this year. For now I have been trading my current beliefs and system for 3 months. Whatever slight additions were there, they are to the existing rules to make them better. No drastic change in strategies.

Steps to be taken

1. Stick to my current intraday system, cause thats my life support in this ever changing landscape of share market.

2. Take it for a walk down the history of previous months intraday chart, and talk to the system, explore its curves, beauty and weakness. Accept them all, and improve it further, But never do a break up. The more I test, the more beauty will come out, and the more screen time will definitely improve the performance in real time.

3. Many of the days I struggled with issue like lack of focus, over trading, forcing a trade which is not there, And most importantly coming out early of a good trade. Need to do some mental training to check these problems.
Click to expand...
Actions Taken so far on the above Goals

1. Added major support and resistance framework for the existing trend following approach. This is helping to filter out few high probable setup and to take trades with confidence if they are coming from support/resistance zone.

2. Started backtesting random stocks, on some random dates with one of my good friend last night. We finished 3 dates together or TATASTEEL. And let me tell you backtesting was never so good and enjoyable. Will keep doing this every night, to understand price action better and to know the ups and downs of the system, which I believe will help in taking trades with confidence during live market.

3. Have reduced the number of scrips from watchlist from 12 to 5 during live market. This is to focus more on Trade management and exit process, Aim is to take atleast 1 trade but trade it well. No more jumping from trade to trade for looking on trade setups.
 
LoneWolf

LoneWolf

Well-Known Member
#102
#102
Date : 06 Apr 2016

Trades Taken = 3
Trades in Profit = 2
Trades in Loss = 1

Equity for April went to green after recovering all losses from friday.
Net Equity is up by = +0.47%

Trades from AXISBANK



Trades from NIFTY



Question to all who are visiting this thread, The 1st trade in NIFTY was taken in anticipation of resuming of downtrend. A strong downtrend from previous day, followed by a narrowing range and breakdown. Was the trade valid to take ?
 
PUCHU_2500

PUCHU_2500

Well-Known Member
#103
#103
LoneWolf

LoneWolf

Well-Known Member
#105
#105
PUCHU_2500 said:
mr. subhadip advises us not to trade prev day range http://www.traderji.com/derivatives/99863-pivot-trading-new-way-trading-166.html#post1142385 yesterday NF was trading in prev day range......b4 enter into a trade we need to see spaces to where prices can move......http://niftynirvana.blogspot.in/2013/07/space.html
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Yes, after my 1st anticipation of trend resuming failed in 1st loosing trade, it was clear that NF was staying in range, and my trading bias changed to sideways. 2nd trade I took from resistance zone, price did went below prev day low, but again bounced back, and I covered my shorts.
 
S

suave_trade

Member
#106
#106
Woh!! What a day today, after bouncing like a ping pong ball nifty finally gave in..I made some points but need to see after brokerage cut how much I am going to gain :-(.. After a good profit of almost 4k in the first trade, I lost and then again gained almost the same but with a huge amount of charges and brokerage..What a range it was in NF futures 7590-7610
 
LoneWolf

LoneWolf

Well-Known Member
#107
#107
suave_trade said:
Woh!! What a day today, after bouncing like a ping pong ball nifty finally gave in..I made some points but need to see after brokerage cut how much I am going to gain :-(.. After a good profit of almost 4k in the first trade, I lost and then again gained almost the same but with a huge amount of charges and brokerage..What a range it was in NF futures 7590-7610
Click to expand...
To me it was a tough day as well, my day ended in negative, But thats alright. Can you please share your trades on charts ?
 
S

suave_trade

Member
#108
#108
LoneWolf said:
To me it was a tough day as well, my day ended in negative, But thats alright. Can you please share your trades on charts ?
Click to expand...
Hi, yes I will try to post my trades on chart..Only thing is I am very new to posting and concentrating my energies every day on backtesting my strategies apart from my full time job..I will be a full time trader from June onwards and then it will be easy to post my trades. Nevertheless, tom I can poat my trades as its a holiday. Today, I was profitable in nifty and lost in cash mkt stocks as I was not quick enough to execute my trades. I am trying to automate my strategy so that I can get automated signals. On nifty, let me put down my trades below:

S-7611 2 lots covered at 7599
S-7589 1 lot covered at 7575
S- 7567 1 lot covered at 7577
S 7605 2 lots covered at 7619
B 7618 2 lots covered at 7631
B 7593 2 lots sold at 7597.6
B 7606 1 lot S 7592
B 7594 2 lots S 7599
S 7599 2 lots covered 1 lot at 7589 and other at 7566

So, overall positive in nifty but my trades in stocks were mainly negative as I am struggling with tracking so many stocks simultaneously (almost 10 at a time) so I am making my afl to semi automate my trades,till thwn I will struggle..apart from this I am short on nifty from 7663 spot and have not covered it till now(1 lot) , 1 covered at 7613 on tuesday itself
 
LoneWolf

LoneWolf

Well-Known Member
#109
#109
suave_trade said:
Hi, yes I will try to post my trades on chart..Only thing is I am very new to posting and concentrating my energies every day on backtesting my strategies apart from my full time job..I will be a full time trader from June onwards and then it will be easy to post my trades. Nevertheless, tom I can poat my trades as its a holiday. Today, I was profitable in nifty and lost in cash mkt stocks as I was not quick enough to execute my trades. I am trying to automate my strategy so that I can get automated signals. On nifty, let me put down my trades below:

S-7611 2 lots covered at 7599
S-7589 1 lot covered at 7575
S- 7567 1 lot covered at 7577
S 7605 2 lots covered at 7619
B 7618 2 lots covered at 7631
B 7593 2 lots sold at 7597.6
B 7606 1 lot S 7592
B 7594 2 lots S 7599
S 7599 2 lots covered 1 lot at 7589 and other at 7566

So, overall positive in nifty but my trades in stocks were mainly negative as I am struggling with tracking so many stocks simultaneously (almost 10 at a time) so I am making my afl to semi automate my trades,till thwn I will struggle..apart from this I am short on nifty from 7663 spot and have not covered it till now(1 lot) , 1 covered at 7613 on tuesday itself
Click to expand...
Thank you Suave for taking out time from your busy schedule.. So are quitting job to become a full time trader, A bold step that is, Good luck for that.. Its okay if you dont find time for charts and marking them, Just a request, when posting the trade in written like above plz just mention the candle time of your tracked timeframe, so that it will be easy to read them on charts even if you dont post one.

For example - If you trade 5M chart, and your SHORT trade start at 9:45 am candle low, then you can just mention

SHORT below 9:45am bar low, Cover half at 10:15 bar close, Exit all above 10:25 bar high. Like this.. Even if you dont mention the level and lot size thats fine. :)
 
LoneWolf

LoneWolf

Well-Known Member
#110
#110
Date : 07 Apr 2016

Trades Taken = 4
Trades in Profit = 1
Trades in Loss = 3

A loosing day, Net Equity is Down by = -0.73%

Day started with a promise on downside but suddenly recovered and stayed in range for most of the time. I could not read a V-Shape recovery in BANKNIFTY, and if that Long would have been taken might be day would have been closed in Green, Anyway, either I make money or I learn a lesson. Here I am learning. :) Also a shake out took my out from my NIFTY SHORT, price just hit the SL and reversed again.

Trades In BANKNIFTY



Trades in NIFTY

 
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