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LONE WOLF's Trading Diary

Discuss LONE WOLF's Trading Diary at the Trading Diary within the Traderji.com; Introduction Hello All, I am Lone WOLF, a complete intraday trader, trading in index and ...


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  #1  
Old 22nd February 2016, 01:54 PM
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Default LONE WOLF's Trading Diary

Introduction

Hello All, I am Lone WOLF, a complete intraday trader, trading in index and stocks future, starting out my intraday trade diary to keep track of the details which will be helpful to my intraday trading.

Game Plan

* Risk 1% maximum on every trade.
* Stop trading for the day if equity is down to 3% from its peak.
* Stop trading for the week if equity is down to 6% from its peak.
* Stop trading for the month if equity is down to 10% from its peak

If weekly risk/monthly risk is hit, paper trade until I recover 50% of the lost amount.

Strengths

* All the trades are taken as per my clearly defined trade set-up rules.
* Taking calculated risk in every trades.
* Cutting loss early when price is not moving convincingly after my entry.

Weakness

* Not being able to capitalize efficiently on wining trades. Sometimes closing them out too early and sometimes giving back profit to market.
* Scaling in on winning trades.

Goals

* To learn holding on to the winning trades. As this is what is gonna make money for me.
* Learn and implement scaling in strategy.

Purpose of the Diary

* To keep a close track of my risk and daily equity curve.
* To keep a positive pressure on myself to perform.
* To keep notes of important learning/points from day to day trading.
* Work progressively to reach my goals.

Thank You

Last edited by LoneWolf; 22nd February 2016 at 04:25 PM.
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  #2  
Old 22nd February 2016, 03:58 PM
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Default Re: LONE WOLF's Trading Diary

Quote:
Originally Posted by LoneWolf View Post
Introduction

Hello All, I am Lone WOLF, a complete intraday trader, trading in index and stocks future, starting out my intraday trade diary to keep track of the details which will be helpful to my intraday trading.

Game Plan

* Risk 1% maximum on every trade.
* Stop trading for the day if equity is down to 3% from its peak.
* Stop trading for the week if equity is down to 6% from its peak.
* Stop trading for the day if equity is down to 3% from its peak

If weekly risk/monthly risk is hit, paper trade until I recover 50% of the lost amount.

Strengths

* All the trades are taken as per my clearly defined trade set-up rules.
* Taking calculated risk in every trades.
* Cutting loss early when price is not moving convincingly after my entry.

Weakness

* Not being able to capitalize efficiently on wining trades. Sometimes closing them out too early and sometimes giving back profit to market.
* Scaling in on winning trades.

Goals

* To learn holding on to the winning trades. As this is what is gonna make money for me.
* Learn and implement scaling in strategy.

Purpose of the Diary

* To keep a close track of my risk and daily equity curve.
* To keep a positive pressure on myself to perform.
* To keep notes of important learning/points from day to day trading.
* Work progressively to reach my goals.

Thank You
welcome to forum and wish you good luck.
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  #3  
Old 22nd February 2016, 04:24 PM
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Default Re: LONE WOLF's Trading Diary

Date : 22nd Feb 2016

Trades Taken = 7
Profit Trades = 2
Loosing Trades = 5
Gain/Loss in Equity Curve = -1.8%

Mostly a range bound days.

Last edited by LoneWolf; 22nd February 2016 at 04:41 PM.
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  #4  
Old 22nd February 2016, 05:11 PM
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Default Re: LONE WOLF's Trading Diary

Which scrips do you trade ?
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Old 22nd February 2016, 05:19 PM
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Default Re: LONE WOLF's Trading Diary

Quote:
Originally Posted by timepass View Post
Which scrips do you trade ?
I track 13 stocks, and 2 indices. Watch that whichever moves or shows potential of movement. Trade if a clear defined trade setup is present and risk is as below my per trade risk taking capacity.
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Old 22nd February 2016, 05:20 PM
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Default Re: LONE WOLF's Trading Diary

Quote:
Originally Posted by LoneWolf View Post
Date : 22nd Feb 2016

Trades Taken = 7
Profit Trades = 2
Loosing Trades = 5
Gain/Loss in Equity Curve = -1.8%

Mostly a range bound days.
If possible , please post trades with charts.
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  #7  
Old 22nd February 2016, 05:32 PM
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Default Re: LONE WOLF's Trading Diary

Quote:
Originally Posted by amitrandive View Post
If possible , please post trades with charts.
Brother, Marking and posting all the trades will be difficult for time constraints as in evening I have started tracking commodity. Will go live in Crude Mini from March. instead if its okay I will post the charts and trades for NF and BNF which is being traded by most here.. let me know if that's okay.
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  #8  
Old 22nd February 2016, 05:36 PM
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Default Re: LONE WOLF's Trading Diary

Quote:
Originally Posted by LoneWolf View Post
Brother, Marking and posting all the trades will be difficult for time constraints as in evening I have started tracking commodity. Will go live in Crude Mini from March. instead if its okay I will post the charts and trades for NF and BNF which is being traded by most here.. let me know if that's okay.
Sure, anything which your time permits.I am sure all those reading your diary are more eager to see trades visually than just see the "+" or "-" in your trading capital.
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  #9  
Old 22nd February 2016, 07:55 PM
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Default Re: LONE WOLF's Trading Diary

2 Trades in Banknifty


2 Trades in NIFTY


Other trades are from RELIANCE, AXISBANK, and TATASTEEL
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  #10  
Old 23rd February 2016, 06:20 PM
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Default Re: LONE WOLF's Trading Diary

Date : 23 Feb 2016

Trades Taken = 5
Trades in Profit = 2
Trades in Loss = 3
Closed the day in green. But It could have been more as I missed the early short opportunity in BANKNIFTY, SBIN and YESBANK. Recovered some of the lost money from yesterday.

Now Equity = -0.9% from Peak

Trades in NIFTY



Probable Trades in BANKNIFTY as per the rules.



I missed today both the trades in BANKNIFTY.
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