Day Trading in Equity for living

[rjshem]

the tough part of trading to keep emotion in control.... when position is going as per your view/ direction & you see profit then you would want to book quickly. It is very tough to ride on a position till eod : ) it can achieve after hard practice...

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:clapping: s this is most important aspect of trading .excellent posts keep going. good setups in Vedanta aban .

 

[stock_mani]

make or break flag pattern in ABAN..... lets see !!

 

[stock_mani]

aban closes at cost, vedanta @ profit of Rs 4.5, Nalco @ loss of Rs 1....
all 3 trades are different price pattern, Vedanta has maintained its momentum while Aban could not break flag pattern. Nalco was reversed but not given short opportunity & was range bound whole day.
Today also i am in a little profit (no loss especially )... have learnt lot of things today also to trade in 3 different scenarios in all 3 stocks.

 

[stock_mani]

Today long in NALCO @ 67.15.... again flat pattern. Let see....... if it breaks it on upside then huge movement will come. Trailing SL @ 66.8. will reverse position @ 66.5.
Could not take another stock due to shortage of time....

 

[stock_mani]

sl triggered (loss of .35 paise)... again placed buy order@ 67.6 & sell order still at 66.5

 

[stock_mani]

again long @ 66.9 with SL 66.40 (as per first position) .... trailing SL was so close.

 

[stock_mani]

missed jet airways & mrpl trades.... should have taken them also.

 

[stock_mani]

SL triggered again, in total loss of .90 paise for the day.... in once stock.

 

[stock_mani]

We always should have 2-3 different stocks for trading. I screened yesterday also but could not get time to trade today. To sustain profitable in long run & continuous basis i need to try 2-3 stocks daily.
i will surely trade Nalco tomorrow also as it is still in a big movement structure....

 

[stock_mani]

short in nalco @ 65.7 with SL 66.4, will take long position in cadila @ 448 & in kajaria @ 578.6