LONE WOLF's Trading Diary

Date : 22 May 2017 : Closing Session

Trade III : SHROT on PNB



Seems like I trailed SL on PNB way too tight and made a pre-mature exit. Lets see.

Trade IV : SHORT on VEDL



Profit made over these 2 trades : 1.3R

Date : 22 May 2017 : Closing Session

Trade V : SHORT on SBIN



Profit made in this trade : 1.4R

Date : 22 May 2017

A good day to start my new journey..

Total trades : 5
Trade in Profit : 4
Trades in Loss : 1
Net P/L = 5R.

But for 5 trades, brokerage/commissions will be high too in a single day. Lets see how much coming in hand after brokerage.

Excellent work lonewolf.:clapping:

I thoroughly enjoyed trading 1m chart for price trend today. It feels like we are made for each other .. In my trading career many times I had rejected the options of trading 1m chart thinking it gives many false signals, its way too fast, you need to be like a robot etc etc with out even trying it once. And many times I had struggled on trading 5m chart intraday with issue like "Missing out signals, distractions, lack of focus, over guessing, over management etc etc"

Today it seems like I found answers to all. The answer lies in my personality and choosing a trading strategy that suits your personality trait. Personality wise I am impulsive in nature and high in energy. I cant sit idle for long time with out doing anything.. So when I tend to wait on 5m chart for the candle to close or a setup to develop it generally takes 30/60m, and thats enough for me to loose my focus, attention and eventually the right mindset to trade. But the fast paced action that the 1m chart provided me today is completely what I needed all this time. I did not even know how the 2 sessions ended, and in between I never thought anything about trading. I had my lunch, finished the daily chore for Rocky. With this speed, there was no time for re-guessing/over analyzing a setup. "Just what the system rule says and take steps according to that" was the mantra.

So surprisingly I loved today's trading. I am very much interested to see how the journey is going to unfold with this 1m chart from now. Off course it was tiring today mentally, but hopefully with time my patience will increase as well.

I also need to start working on the positional trading.

Date : 23 May 2017 : Opening Session

Trade I : VEDL SHORT



Trade II : TATASTEEL SHORT



Net P/L : -2R

Date : 23 May 2017 : Opening Session

Trade III : PNB SHORT



Loss in this trade = 0.22R

Date : 23 May 2017 : Opening Session

Trade IV: AXISBANK SHORT



Trade V: TATASTEEL SHORT



Trade VI: VEDL SHORT



Total P/L in these 3 trades : -1R

Date : 23 May 2017 : Opening Session Summary

Total 6 trades, all loss. Net Loss for the session : -3.2R

No more trading in this session, closing, will resume on closing session.

your SL is too big, for trading 1 min you got to find a super small pvt.

ex- trend is short - wait for the pull back up side... few minor pvts hh/hl s forms. then you will see LL/LH short that. vice versa for long.