chalo doston batein bahut ho gayi! ab jara kaam ki batein kar ley..yeh aa gaya mere aaj key trades ka lekha jokha..MERI bEWFKOOFIYAANNNN!!!
So I am going to POSTMORTEM myself! OOPS!! Sorry! POSTMORTEM of MY trades
I have done all the mistakes ..many of them are really like a immature trader & mindless trader...Jo ki main hu!
Trade-1)
15 min trend was up from yday closing session..price goes up from PDL & PDH..& A GOOD strong bull candel..I couldnt find place to enter..price gets down for some movement & i enter on that pull back..ENTRY-17612 ,9:20 ,SL=17580..32 POINT SL IN MY LIMIT..so ENTRY According to every rule..till then my idea was to take profit Around RN 17700..but again fear comes to loose profit..as price resisting slightly at 17675..so EARLY PROFIT BOOKING- 17655 ,9:32, PROFIT TRADE=43 POINTS mistake-EARLY PROFIT BOOKING
2) 9:45 & 9:5O CANDEL Make a bearish piercing pattern..I dont trade on candel patterns..but it shows weakness at 17695 level..which is near to brn 16700..after that also , weak bulls showing 2 spinning tops & then a red candel ..I shorted 17667 ,10:07 , SL WAS 17701..SL was 34POINTS ..IN LIMIT..but price moves up & my sl hit..I put SL-M order for SL..so exit @17704..L=37 POINTS MSTAKE-IMPATIENT ENTRY OR EARLY ENTRY ON WRONG TIMING
3)PRICE JUST MOVES UP TILL 17719..somehow pa Around 17700 is not looking strong..it shows weakness..so gain short 17686,10;43..sl -hod,but I didnt wait for SL HIT..i saw price arent going down much..so i EXIT WITHOUT SL HIT..I exit 17696..L=10 POINT MISTAKE- DIDNT WAIT FOR SL HIT,EARLY EXIT
4) AGAIN A FOoLISH TRADE..wHEN AGAIN SEE any strength in bullish move..I again short @17680, 11:58..but after a small pin bar ,price didnt go down, I exit without sl hit.!17692, 12:18..Mistake- EXIT WITHOUT SL HIT
5)then price start moving in range..again i noticed a short @1:10 candel..but I didnt take as I see a range..& afraid now to take any trade in that range..So when that range breaks, I took short @17666, 1:28..sl-17715, target was @17600..but when I saw a red candel with big volume..sign of exhaution ..plus next candel is small hammer ..that level is OR high..so BOF ..I managed to get out @ 17630..1:50..my Assumpton was RIGHT of BOF..P=36 points..NO MISTAKE
6)wHEN i ASSUMED bof, i SHOULD HAVE BEEN with my assumption..But as i SEE FAILURE @ 2PM CANDEL..I get alert, after that 2 candel is also weak..so I thought, though bears are fail but bulls are also not strong..A CONFUSION.I shouldnt have traded..But I shorted@2:11, a very bad entry..ebtry not according to rules as There is no S/R THERE..& I was shorting just by seeing candels..VERY BAD TRADE..EXIT 17677..
2:24 l= 37 POINTS..LOT OF MISTAKES=entry NOT ACCORDING TO RULES AS THERE IS NO LEVEL, 5 min & 15 min trend is amalgamating there..so confusion..ANO TRADE ZONE, I trade n NO TRADE ZONE
7)NOW i see short term trend now is agan up..besides, A trend line is also supporting..PA showing strong bull moveent, enter into a small puback @ 17684..sl=17650, target was 17750..price goes very fast ..couldnt book @17750..booked at 17740..NO MISTAKE
8) BLUNDER OF THE DAY-I booked at 17740 in last trade & I see Price going up.. & I just bought it @market..HIGH OF THE DAY..BROKE MY RULE ..ENTER JUST BLINDLY & i HAVE TO BEAR THE COST OF THAT TRADE..ITS BLIND TRADE WITHOUT RULE, SO i DIDNT KNOW WHERE TO PUT SL..& I just waited..as nifty was up & i thought, t also make new high, that was a big mistake..I broke my rules &I anticipate..very mahanga trade..MANAGED TO GET OUT @17725..AS i SEE TREMENDOUS weaknes in price..BUT for my stupidity, I also missed that short trade which was obvious BOF..
9)NAIL IN COFFIN TRADE- din bhar galtiyan kar key dil nahi bhara..as I have a feeling that I missed A veru good short trade..& jatey jatey market ki poonch pakdi & for scalping, short @ 17650..frankly I knew, Its an very late entry, But I took a bad chance..i NEVER TRADE ON LUCK, bUT HERE i TRADE ON CHANCES & without rule & a loSE TRADE- mistake- WITHOUT RULES TADING
sO FRIENDS, i Have described my trade as HONESTLY AS POSSIBLE..bESIDES, i DEScribe probles & mistakes & IN detail, I mention my emotions with every candel..I judge it from my prespective..
But I request you, Please you also judge it from your perspective ..
This is a very BAD BAD TRADING..WHEN i DO overtrading & those kind of stupid trading, I called it MONKEY TRADING..but i have no shame to tell you all with prooof..abhi tak logon sey success key proof die hongey, but I think I am the first jo apko apni bewkoofiyon key proof de raha hai..because, when I start trading, I remember rules but fir pata nahi kya hota hai, i did stupid mstakes again & again & I really improve it
so 10 june trade summary-
total trade-9
profit trade 3
loss trade-6
profit point-135
loss points-161
gross loss=26 points
tax cost=-36 points
Total loss=62points
I broke 1 more rule..i should have taken 3-4 trades..I have taken NINE trades..ts so stupid & childish trading..shame on me! what a stupid i am!!
Anyway! will improve
Thanks