learning

hi , myself trying hard to swim constitently , but some it is good , some time it is bad ....i run system after system , methods over methods but at last i now understand that no system is fullproof , we have to manage our mentality towards sucess ........how we manage our trade ,our emotions is most important........

first time i dare to maintain my trade diary to be in disclipine with my rules...........

will disclose my system , my mentality , my learning in further posts ..........for further fine tuning and learning .......

i trade in nifty , banknifty , silver , crude , soyabean and soyabean oil ..............regularly
and pattern trading in fno.........

p.s.: personally i am thankfull to happy ji , kelvin sir , pratap sir , ford7k ,smart_trade and jahan sir for helping me in deriving my own way towards sucess........

buy 2 lots on 10964 bnf , trading tf 15 m , signal generated by system , will trade according to sys.

have you put a stop loss?

no , when sys shows exit signal will exit , it is not reverse sar system , have well defined sl ,trailing sl ..., currently trading with 2 lakh ,with closely monetring positions .........

Even then, there must be an initial stop loss.

I agree, however, that if a system is based on crossover of moving averages, then an opposite cross will be the stop loss price.

But do not worry as long as you have researched your system well and are comfortable with its risk reward ratio.

buy nifty at 6119 ; 2 lots ;

so ,
final position's carring home
2 lot bnf at 10694
2 lot nifty at 6119

one thing i learn from my experience ,take any symbol , script ,to make money , there should be a move in market ,and any system can make money in trending market , only elegability is that u should present there to encash money ,
and it is like catching a fish keep ur kaata under water , whenever a move come capture it fully , didnot get out with little profit ,
only need is to be in market with controlling drawdowns , take losses it is a part of game

......only need is to be disclipined to take all signals ...

i backtest my system by ami , by visually and by bar to bar over atleast 5 yrs of previous ieod data , entry may be a little let , but i am confident that if a move is in market i will be with it , it suits my R:R , my MM , my temprament ...

currently didnot take trades on silver as i test it with this system , gains r huge ,this be be due to one way moves in it , same case is with crude ...........
so decided to trade with copper which shows average gains .....

bnf exit position at 11020