What’s right or wrong, this guy is deciding for us. He is also a coding genius,probably he is Gosling, Thorvaldsen, Bill gates, Zuckerberg, no wait he is Ritchie himself..!!! But still he trades for fun.
Now, Amibroker is the greatest software created in the entire universe, everything else is...
I had stopped buying options before results. But Infy was an exception because I read the chart,it was moving sideways from few days without much volume,so I decided that it might rise after results. I studied the earnings reports (not in depth) of few previous quarters and checked earnings...
I started this thread to cultivate those habits,I feel I am confident on my trades,so much confident that I hold loss making positions without selling them and end up in more losses..!!!!! But I am indisciplined, I trade impulsively once in a while,almost once a week which needless to say ends...
This weeks trades:
Monday- Had carried profitable Infy820CE(21k) without booking profits thinking it will rise after results. It has gone down. Averaged it everyday..!!! Not booked losses yet.
Over the week, kept buying and selling Infy750PE, which I had bought for purpose of hedging 820CE...
Had read somewhere ‘Lose your opinion, not your money’.
As per my personal experience ‘Hope and Pray’ are the greatest indicators to sell a stock,it’s 99%accurate.
Even I am struggling to overcome this.
Monday - The unrealised loss from last week turned to loss. (- 7150)
Friday - added 1L since I thought I had an opportunity in Infy.
15 trades total while keeping Infy position open (added winners, pyramiding carrying it to next week).
Did few usual mistakes like adding losing positions (TCS...
This week’s trades,
Fund on Monday : 21000
Fund Now : 18800 ( 13475 held in position, -7000 unrealised loss)
ICICI - Over traded Monday , profit of 2065. held losing position for next day.
ICICI 420PE -Wednesday,made a loss, didn’t have the conviction to hold position,though charts indicated a...
3 trades today.
ICICI Bank - first trade in profit 1502
ICICI Bank - Second trade in profit 687 ( chased price, bad habit again)
ICICI Bank - Third trade in loss, carrying tomorrow,want to stop this habit, but
expecting a gap down tomorrow. ( Had an option to close this in...
This Journal is excellent, if this is an excel and if you don’t mind can you please share it. I am an expert in excel but I don’t have laptop, only ipad so it’s not easy to create such thing. No hard feelings if you don’t want to share too.