MNR - Trede

[mnr]

Now coming to entries and exits.. I enter at market and exit at market.. so spread is alwasy 5 points minium because execution is very important.. So my target should be 20 points from my traded price ( 10 times taxes ).. so actually i should exit at 25 points.. but it is alwya wise and common sense to enter the market at say 9910 Trigger price 9900.05.. Once executed, exit at 9922 ; So this should be my pattern for all of my entries.. i can afford 2 exits.. 1k capital.. sl also remains 25 points only.. during my initial 1 lot.. once i achieve more profits.. intraday if i have 1k buffer i can enter 1 lot.. if have 2k buffer i can enter 2 lots.. and so on.. But target is fixed at 25 points.. This strategy deliberately avoids and removes profit opportunities from market.. once the POTENTIAL profit concept is removed from the brain.. mind works in sane manner and treats bank nifty as business and not something else.. and automatically my trading is a regular business venture and not something exciting.. it suddenly became MUNDANE..

friend Ihsahs Rahd idea..

you aase for jacjpot ;u need to fix targetr also..;if u r risking 1k .. exit at 2k profit..dont try to catch entire trend..unless u fix target u cannot make money in banknifty..
trick to make money in stock market is not to look for jackpots...ir u dont have target.. u can't have guri.. once u don't have guri.. there is no way to control greed..if u don't fix target - god says he has very much greed..let's not give him anything..to earn 2k in outside.. you need to work a lot.. or get a lot of work

 

[mnr]

today commening bank nifty trade..

LT Floor FIBONACCI CAMARILLA PIVOTS
R5 10675.25 9920.39 9703.74
R4 10358.35 9810.75 9529.45
R3 10041.45 9724.55 9442.3
R2 9724.55 9603.49 9413.25
R1 9539.85 9528.71 9384.2
PP 9407.65 9407.65 9407.65
S1 9222.95 9286.59 9326.1
S2 9090.75 9211.81 9297.05
S3 8773.85 9090.75 9268
S4 8456.95 9004.55 9180.86
S5 8140.05 8894.91 9006.56

below 9180 short ;above 9540 long

 

[mnr]

1st trade

sl buy bank nifty at 09075.05 trigger.. buy at market qty 100

target 9096 ;
sl 9049.95 <- trigger price ; market sl..

 

[mnr]

first trade success ; target hit; 2k profit;

 

[mnr]

it made high of 9096.90.. what a coincidence..

Now long placed sl buy at sl-m buy trigger at 9100.05 ; placed sell order at 9122 ;

qty 100 if buy exeutes will place sl-m at 9074.95

 

[mnr]

changed orders to 9049.95 sl-m sell target 9028.. sl hit.. target waiting..

sl will place at 9075.05 market

 

[mnr]

bad thing it got executed at avg price of 9042.71.. ;

it came back till 9053.95; now will move sl to 9055.05 sl-m;

target never changes as usual..

 

[mnr]

target hit ; only 1.5k here.. so net 3.5k;

but 4 lots in each case.. so 400+400 = 800 ; taxes ;

thinking to buy above 9055.05.. is it better.. let me think..

 

[mnr]

placed sl-m buy at 9055.05 ; exit at 9074 ; not executing what to do..

 

[mnr]

contra trade will buy at 9020.05 now..