Looks like sideways market. Just took one trade.Shorted 300 Kotakbank. Looks like market wont go anywhere today. Grabbing my scotch and will go to sleep.Starting my weekend early.
Looks like sideways market. Just took one trade.Shorted 300 Kotakbank. Looks like market wont go anywhere today. Grabbing my scotch and will go to sleep.Starting my weekend early.
Normally i don't carry positions but Was carrying 2 lots of Tata steel shorts since yesterday as i was expecting small downside today which worked .. Exited today.
I have been trying pyramiding (scaling up) on sim but doesnt seem to work out very nicely. Sometimes I think Its better suited for a slightly longer time frame. IMO For shorter ones, it makes more sense to go in all at once and scale out.
I have been trying pyramiding (scaling up) on sim but doesnt seem to work out very nicely. Sometimes I think Its better suited for a slightly longer time frame. IMO For shorter ones, it makes more sense to go in all at once and scale out.
For me Scaling up is only when at i am consistently successful for longer period of 6 months+.
Earlier I tried scaling up which turned out disasters as trading with single lot and trading with multiple lots are psychologically very different things
For me Scaling up is only when at i am consistently successful for longer period of 6 months+.
Earlier I tried scaling up which turned out disasters as trading with single lot and trading with multiple lots are psychologically very different things
Not just psychologically...even the trade management gets different. But the thing is... doing it when you are playing for say 5-10 points gets tricky because the bandwidth required when do you really move your stops from a loss to a winning position would be where you typically could add but the problem then is if the position goes against your.. then you are taking wins on one lot and losses on two. Now when you are playing for more points, you could add on at a later level as well.
When I trade equities with qty 50 n below for a script costing around Rs.300, then emotions are not effected. But when I trade same equity futures with lot size 1500 or 2000 every tick up or down makes me to swing to the hill top or deep valley.