LONE WOLF's Trading Diary

PUCHU_2500

PUCHU_2500

Well-Known Member
#41
#41
dear lone, pls, do not stop posting your chart and trades, hoping some good stuffing from you.........your trading style is good, some way try to reduce no of trades, limit within 1 to 3 trades per day........and avoid any complexity that you have to prove yourself a successful trader before tj members......stick to your system, hope success will be chasing you.......(no I am not advising you......my personal interest is that my style is near to you so that I can improve my system from your trading notes......) thanks
 
LoneWolf

LoneWolf

Well-Known Member
#42
#42
PUCHU_2500 said:
dear lone, pls, do not stop posting your chart and trades, hoping some good stuffing from you.........your trading style is good, some way try to reduce no of trades, limit within 1 to 3 trades per day........and avoid any complexity that you have to prove yourself a successful trader before tj members......stick to your system, hope success will be chasing you.......(no I am not advising you......my personal interest is that my style is near to you so that I can improve my system from your trading notes......) thanks
Click to expand...

Thank you for the kind words my dear friend. I am tracking and trading 10-15 scrips, not all are giving trade opportunity everyday. But 4/5 do. No of trades per scrip is 1 or max 2 in a day. And coming from 4/5 stocks, the number goes up to 4, 5 and sometimes more than 6. Yesterday from the 5 trades, 2 are in ABNUVO, 1 in AXISBANK, 1 in BANKNIFTY, and 1 in RELIANCE.

And yes, I am under no compulsion to proove anything to anybody, I am hardly reading any other threads by other members, Its not because my system is superior than them, But in past I had tried to blend my methods everytimes when I see some one else's method. It took its own time for me to understand that every system has its own flaws and we need to work around them based upon our psychology. My motive to start a thread here is to create a positive pressure on me to stick to strict MM which I had violated many times in past. So far the intention is working out good.

By the way, if your style is simillar to mine, then if its not a problem to you, then you can use this space to post your trades and notes too (Its completely your wish).. And good luck to you too.
 
PUCHU_2500

PUCHU_2500

Well-Known Member
#43
#43
1. Long on BPB of PDH. trade did not move well. failed to cross RN (7550) and made retest of HOD. scratched and reverse to short as TST of HOD.
2. My target was 1st PDH then BRN then PDC and then PDL, but all barriers are violated without any obstruction and profit was running very smoothly.
3. when denied to go down below PDL it was time to exit.
4. sciped the chances BPB of PDC, it was also a good trade.

 
LoneWolf

LoneWolf

Well-Known Member
#44
#44
Date : 11 March 2016

Trades Taken = 2
Trades in Profit = 2
Trades in Loss = 0
Net Equity UP by = 1.25%

Closed the day in green, But a bad day for could not capitalize on the entire move as closed the profit early, could not let profit run.

1 Trade in BANKNIFTY and another in AXISBANK, Both of them were short trades and I scratched them around same time, when down move started gaining momentum. I feared for a sudden reversal and felt the urge to close profit.

Trades in BANKNIFTY

 
LoneWolf

LoneWolf

Well-Known Member
#45
#45
PUCHU_2500 said:
1. Long on BPB of PDH. trade did not move well. failed to cross RN (7550) and made retest of HOD. scratched and reverse to short as TST of HOD.
2. My target was 1st PDH then BRN then PDC and then PDL, but all barriers are violated without any obstruction and profit was running very smoothly.
3. when denied to go down below PDL it was time to exit.
4. sciped the chances BPB of PDC, it was also a good trade.

Click to expand...
NIce one my friend, You are following the price actions much closely. One question, do you always look for trade opportunity near PDH/PDL/PDC, or only on some particular day.
 
PUCHU_2500

PUCHU_2500

Well-Known Member
#46
#46
LoneWolf said:
NIce one my friend, You are following the price actions much closely. One question, do you always look for trade opportunity near PDH/PDL/PDC, or only on some particular day.
Click to expand...
PDH,PDC,PDL,BRN,IRL,IRH and some major pivots are my decision points, I use them when I trade Nifty Fut........all materials I have taken from this blog......http://niftynirvana.blogspot.in/
 
LoneWolf

LoneWolf

Well-Known Member
#47
#47
Date : 14 March 2016

Trades Taken = 4
Trades in Profit = 1
Trades in Loss = 3 (Breakeven + Scratch Trades)

CLosed the day on slight green, But after brokerages, it will be in minor loss.

Net Equity Up by = 0.98 %

Here is the Trade taken in BANKNIFTY. No Trade in NIFTY

 
LoneWolf

LoneWolf

Well-Known Member
#48
#48
Date : 15 Mar 2016

Trades taken = 9
Trades in Profit = 3
Trades in Loss = 6

Closed the day in green.

Net Equity Up by = +2.35%

Most of the stocks stayed in range and resulted in minor loss or scratch trades. Only NIFTY and HDFC gave good trades.

Trades in NIFTY



Trades in BANKNIFTY


 
LoneWolf

LoneWolf

Well-Known Member
#49
#49
Date : 16 Mar 2016

Trades Taken = 10
Trades in Profit = 4 (Only 2 are in genuine profit, Other 2 are scratched in profit)
Trades in Loss = 6 (Many scratch trades)

Closed the day in minor Loss. But brokerage will be too much and day will be counted as loss. Clearly I over traded today, and many faults also came to notice in trade management. They are - I was scratching the good trades during correction and trying to re-enter when correction was getting over. All of these were being done with 1m chart, which is not as per my setup. So by 1:30 PM I was done with 10 trades, and minor loss. Decided to stop trading for the day as my psychology was not at right place. And then Everything rallied in last hour and I only sat and watched it. :(

Net Equity Up by = +1.45%

Need to be more focused and sincere in executing my trade plans for the remaining days in March. So far have not got anything this month.

Trades in NIFTY

 
A

ankur07090

Banned
#50
#50
Hi LoneWolf,

I assume you are trading with 1 lot.
Your first short was perfect but you should come out or book half quantity above doji like candle which comes 4-5 candle before(although I don't believe in that) and rest trailing SL.
Second long is not with the trend and comes near 7460 to 7470 levels.

These are my personal thinking market may prove us wrong tomorrow.
 
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