My Trade Journal

[radiosilk]

The tail proved to be a trap. Lost 40 points. Total loss 50points.

 

[radiosilk]

Had i held the position by using 7500PE as my hedge, i could have scratched the trade or even held for long.

Will see what i can do to manage re-entries using options. Bringing in options will also bring in fixed cost of insurance. Management will be much more complex.

 

[radiosilk]

Risk:Return almost 1:1 at today's levels. Hence, no positional trade today.

 

[radiosilk]

1lot NF Short at 7525 and SL at 7590 (not on touch basis), looking for a 1:2 trade

 

[radiosilk]

Moving SL to 7525

Edit: New SL now at 7475

 

[radiosilk]

Position closed at 7415.. did you just see that gap down ??!!

Could be to trap bears.. ??!! be careful

 

[radiosilk]

Profit from this trade-110pts
Old loss-50pts
Net Profit-60pts on 1 lot

 

[radiosilk]

Got spooked by the gap-down because of possible up-trendline support nearby.
Price just below the trend-line on 1-min chart.