Maddy's Day Trading Journal : BankNifty and Nifty 2019

#1
Maddy's Day Trading Journal : 2019 [BankNifty and Nifty]

Hi all,

This is my journal and this will be very helpful for me in future. I was always interested in stock market, but was very scared of all the bad aura surrounding it. That story is for some other day.

My initial capital was Rs 1500. I started with banknifty weekly expiry. Since then, been losing money and gaining. I have added around Rs 6000 and preserved the capital. Today's trade, learning's and everything I shall post henceforth from now in this thread.

Your inputs are welcome.
 
#2
Maddy's Day Trading Journal : 2019 [BankNifty and Nifty]

Hi All,

Greetings.

My first trade ever in my life is : 2nd week or max last week of October 2019 [will check and update this date]
This is my journal and this will be very helpful for me in future. I was always interested in stock market, but was very scared of all the bad aura surrounding it. That story is for some other day.

My initial capital was Rs 1500. I started with banknifty weekly expiry. Since then, been losing money and gaining. I have added around Rs 6000 and preserved the capital. Today's trade, learning's and everything I shall post henceforth from now in this thread.

My Trading rules that I personally abide.

1) Trade only when there's a proper call from a mentor of mine. I follow few people on twitter and I can vouch their calls. As of now I am depending on their calls. Will improve this.

2) No trading is also a profitable day.

3) Not more than 3 trades per day.

4) Before trade, fix profit and loss in mind and then trade.

5) My Risk to Reward ratio [RR Ratio] is 1: 2 or 1: 1

6) Save your capital at all costs.

7) Trade only in 2 or 3 lots [40 units / 60 units]

8) Follow strict STOP-LOSS.

9) If market is giving you profit and you see the trend is reversing, book profit and leave the market.

10) I am interested only in : Banknifty and Nifty index options only.

With these things in mind, I shall start my trading journey.

Your inputs/comments/guidance are always welcome.
 
#3
Today's Trade.

26-DEC-19 BANKNIFTY 32000 CE at 261 [40 units].

I took a bracket order and it was giving me a profit of approx : Rs 1700 when I saw it in the morning.

I should have exited. Today I did not have a fixed profit or loss before entering the market and broke my own rules. I did excessive trading today out of my permissible 3 trades to cover my losses.

I was at EOD at : -100 [P/L] from a day's high of : [ 261 : 303 :: 40*40] = Rs 1680 [brokerage not included] 10% of my capital [Rs 8000/-]

Today's Lessons
1) Fix your profits.
2) Fix your losses.
3) No excessive trades in case of loss.
4) Save capital at all costs.
5) When you see the trend reversing, time to book the profit and leave the market.
6) Always use BO [Bracket orders for more leverage and fix stop-loss]

Thank you all ! Good night.
 
Last edited by a moderator:

bashasm

Active Member
#4
Today's Trade.

26-DEC-19 BANKNIFTY 32000 CE at 261 [40 units].

I took a bracket order and it was giving me a profit of approx : Rs 1700 when I saw it in the morning.

I should have exited. Today I did not have a fixed profit or loss before entering the market and broke my own rules. I did excessive trading today out of my permissible 3 trades to cover my losses.

I was at EOD at : -100 [P/L] from a day's high of : [ 261 : 303 :: 40*40] = Rs 1680 [brokerage not included] 10% of my capital [Rs 8000/-]

Today's Lessons
1) Fix your profits.
2) Fix your losses.
3) No excessive trades in case of loss.
4) Save capital at all costs.
5) When you see the trend reversing, time to book the profit and leave the market.
6) Always use BO [Bracket orders for more leverage and fix stop-loss]

Thank you all ! Good night.
Do you follow fixed RR?
 
#6
19/12/2019
Today's trades were the worst ones. I was playing like a gambler and not a trader. Today i didn't see my trades as business. I saw it as a pure gamble. Been facing losses in the past for expiry. Also was contemplating on writing Options on expiry day.

Took 3 trades today.
1) First one was a mistake trade for selling, i did it buying : ₹29 loss.
2) Second trade was for gamble : another ₹100 loss.
3) Third trade was a pure gamble without any plan in mind and burnt my fingers. So total of ₹800+ losses booked today.

I was not serious. I was not supposed to trade after ₹100 loss. But I took the risk and greed took over me. This loss will be recovered in the future but an important lesson was self control. I've to work on it. Most importantly the capital is saved. Will trade again in future. Until then let's end this day with my mistake and I shall over come the same. Thank you.
 
#7
Date : 20-12-2019

Today's Trade

BANKNIFTY 32500 CE at 162 with SL of 88 - Sold this at 140 and booked a loss : Rs 440 /-

Again purchased : BANKNIFTY 32500 CE at 140 [20*140 = Rs 2800 ] with no SL as of today.

This will be a pure positional trade. This is my first experience with positional trade. I had to google for the right definition.

The max loss would be my stop loss at 82*20 = 2800 - 1600 = 1200. Target would be 1:1 or 1:2 depends on Monday's market opening. After having the faith, Actually the trading is easy. I have a fixed profit and loss calculated. It is like entering with a right plan and executing the same. It feels good. I am trading in only 1 lot [20 in nos] Today I did not even look much into the kite account. It was a wonderful experience and total faith. Hope this works out well and even if it does not, then I am learning.

Numbers as of : 20-12-2019

Account Capital on : 15-10-2019 : Rs 10,000/-

Account Capital on : 20-12-2019 : Rs 6288 [minus the Positional trade Rs 3196/-]

Net Profit/Loss Statement : Rs -4000 /- [From 15-10-2019]
****************************************************************************************************

20-12-2019 : Today's Trade status
BANKNIFTY 32500 CE @ 140 [20*140 = Rs 2800 ]

Last Traded Price
BANKNIFTY 32500 CE @ 136 [20*136 = Rs 2720 ]

Net P/L : Rs -475
[-440 Intra-day trade-86]

****************************************************************************************************
 
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#8
Date : 20-12-2019

Today's Trade.

BANKNIFTY 32500 CE at 162 with SL of 88 - Sold this at 140 and booked a loss : Rs 440 /-

Again purchased : BANKNIFTY 32500 CE at 140 [20*140 = Rs 2800 ] with no SL as of today.

This will be a pure positional trade. This is my first experience with positional trade. I had to google for the right definition.

This is purely out of ************************ and total faith.

The max loss would be my stop loss at 82*20 = 2800 - 1600 = 1200. Target would be 1:1 or 1:2 depends on Monday's market opening. After having the faith, Actually the trading is easy. I have a fixed profit and loss calculated. It is like entering with a right plan and executing the same. It feels good. I am trading in only 1 lot [20 in nos] Today I did not even look much into the kite account. It was a wonderful experience and total faith. Hope this works out well and even if it does not, then I am learning.

Numbers as of : 20-12-2019

Account Capital on : 15-10-2019 : Rs 10,000/-

Account Capital on : 20-12-2019 : Rs 6288 [minus the Positional trade Rs 3196/-]

Net Profit/Loss Statement : Rs -4000 /- [From 15-10-2019]
****************************************************************************************************

20-12-2019 : Today's Trade status
BANKNIFTY 32500 CE @ 140 [20*140 = Rs 2800 ]

Last Traded Price
BANKNIFTY 32500 CE @ 136 [20*136 = Rs 2720 ]

Net P/L : Rs -475
[-440 Intra-day trade-86]

****************************************************************************************************
Please post your own analysis here. any mention of any other person's call and the future posts will be deleted.
 
#9
Date : 20-12-2019

Today's Trade

BANKNIFTY 32500 CE at 162 with SL of 88 - Sold this at 140 and booked a loss : Rs 440 /-

Again purchased : BANKNIFTY 32500 CE at 140 [20*140 = Rs 2800 ] with no SL as of today.

This will be a pure positional trade. This is my first experience with positional trade. I had to google for the right definition.

The max loss would be my stop loss at 82*20 = 2800 - 1600 = 1200. Target would be 1:1 or 1:2 depends on Monday's market opening. After having the faith, Actually the trading is easy. I have a fixed profit and loss calculated. It is like entering with a right plan and executing the same. It feels good. I am trading in only 1 lot [20 in nos] Today I did not even look much into the kite account. It was a wonderful experience and total faith. Hope this works out well and even if it does not, then I am learning.

Numbers as of : 20-12-2019

Account Capital on : 15-10-2019 : Rs 10,000/-

Account Capital on : 20-12-2019 : Rs 6288 [minus the Positional trade Rs 3196/-]

Net Profit/Loss Statement : Rs -4000 /- [From 15-10-2019]
****************************************************************************************************

20-12-2019 : Today's Trade status
BANKNIFTY 32500 CE @ 140 [20*140 = Rs 2800 ]

Last Traded Price
BANKNIFTY 32500 CE @ 136 [20*136 = Rs 2720 ]

Net P/L : Rs -475
[-440 Intra-day trade-86]

****************************************************************************************************
POSITIONAL trade shall be done in equity and index .. but not on options.. never carry options .. close it on the day itself..some times carrying options will give huge profit .. but 80% time it will go in to loss and finally wipe the account
 

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