Augubhai's diary and notes

[jamit_05]

Usually, I add quite late. That reduces the performance. Like the last add today at 5351 was totally unnecessary. Will need to back test adds before i start using it.

Also, both of today's adds were 100% of initial position. Should have booked profit earlier.

Although I had used them, I did not realize the philosophy behind adds for the longest time. Therefore, I was half hearted. I had learned the tool and performed the chore.

Then came the transformation. I realized.

 

[augubhai]

Although I had used them, I did not realize the philosophy behind adds for the longest time. Therefore, I was half hearted. I had learned the tool and performed the chore.

Then came the transformation. I realized.

I guess I still need to wait for my gyanodaya... Until then it's all andhkaar :annoyed:

 

[jamit_05]

I guess I still need to wait for my gyanodaya... Until then it's all andhkaar :annoyed:

Point being... today is Friday.. the best time to use adds.

Yesterday, too, the adds did not fail. It got you out early and that was good, since the market did not trend.

 

[augubhai]

shorted nifty at 5320

 

[augubhai]

Point being... today is Friday.. the best time to use adds.

Yesterday, too, the adds did not fail. It got you out early and that was good, since the market did not trend.

For today, I think I will paper add... I know adds are good on trends, but not confident about how to do it.

 

[augubhai]

shorted jsw at 707

 

[augubhai]

shorted more jsw at 705.5. Did I screw up my chance to profit?

 

[augubhai]

Yes, screwed it up. reversed to long at 707.5

 

[augubhai]

If i do not profit on this long on JSW, I am going to stop this add business on JSW as well. So far, all adds have done is to reduce my profits. Will need to understand adds some more, until I "realize" it.

 

[augubhai]

Reversed to short at 705