Hi Everyone,
This will be my trading journal, wanted to start it long back, finally starting it now.
Here goes my story of trading in 3 Stages.
Stage 1:
I started trading some 10 years back.
Started with 16k. No TA, FA, No charts. Used to check daily, weekly, monthly gainers in Rediff.com and if some stock was in all 3 or at least 2 categories, used to buy it. It was highly profitable year with around 300% returns.
Looking back at why trades/investments might have worked,
Stage 2:
Had stopped trading for few years, Started back trading in 2013.Now I had saved some money after years of hard work. Traded on news, TV recommendations. Just simply bought if stock seemed moving up, as soon as I bought it used to go down. No TA, FA, No charts. Traded in random companies. I remember one particular trade around 2014/2015 where Bank of Baroda result was very bad, around 3000cr, no company used to show losses like that then. All great TV analysts recommended selling. I shorted 4000 @ 115 before opening (in cash segment, didn’t know I had to square off same day) stock went up to 138, didn’t book losses thinking it might fall down. After 2 days, luckily (.!!!) It was still around 138, broker squared off. Oh yes, all great TV analysts in the evening said loss was already factored in the price, it’s a good buy. Now, I observe that they don’t recommend stocks on earning day before it starts trading (observe it yourselves once).
Looking back at why trades/investments at not working
Continuously trading, still in losses. But now I try to analyse stock, at least that’s what I intend to do,
I plan on scalping/intraday trading to build corpus for swing/positional trading/investment.
I plan to trade based on News, Events and with stop losses, I haven’t mastered it yet, hoping trading journal helps me, that’s the actual reason for starting this journal.
Why I am here,
thanks to discount brokers now.
Any questions, suggestions are welcome. I might not be able to guide on what to do, but I am a master in telling what not to do.
Thanks
This will be my trading journal, wanted to start it long back, finally starting it now.
Here goes my story of trading in 3 Stages.
Stage 1:
I started trading some 10 years back.
Started with 16k. No TA, FA, No charts. Used to check daily, weekly, monthly gainers in Rediff.com and if some stock was in all 3 or at least 2 categories, used to buy it. It was highly profitable year with around 300% returns.
Looking back at why trades/investments might have worked,
- Less money. So, very good money management, didn’t hold stock if in losses.
- Booked profits early, some stocks went up very high after that.
- Held stocks long (not too long though).
- Even donkeys make money in bull market.
Stage 2:
Had stopped trading for few years, Started back trading in 2013.Now I had saved some money after years of hard work. Traded on news, TV recommendations. Just simply bought if stock seemed moving up, as soon as I bought it used to go down. No TA, FA, No charts. Traded in random companies. I remember one particular trade around 2014/2015 where Bank of Baroda result was very bad, around 3000cr, no company used to show losses like that then. All great TV analysts recommended selling. I shorted 4000 @ 115 before opening (in cash segment, didn’t know I had to square off same day) stock went up to 138, didn’t book losses thinking it might fall down. After 2 days, luckily (.!!!) It was still around 138, broker squared off. Oh yes, all great TV analysts in the evening said loss was already factored in the price, it’s a good buy. Now, I observe that they don’t recommend stocks on earning day before it starts trading (observe it yourselves once).
Looking back at why trades/investments at not working
- Heavy losses. No Money management since I had a bit of amount.
- No Plan, just bought stocks randomly and by Analysts recommendation.
- Didn’t book profits when I could, let profits turn to losses.
Continuously trading, still in losses. But now I try to analyse stock, at least that’s what I intend to do,
I plan on scalping/intraday trading to build corpus for swing/positional trading/investment.
I plan to trade based on News, Events and with stop losses, I haven’t mastered it yet, hoping trading journal helps me, that’s the actual reason for starting this journal.
Why I am here,
- To create a trading journal, plan my trades.
- To learn proper stop losses, profit booking.
- Try with simple S/R methods.
- To learn pyramiding and to stop averaging losses.
- I trade Equities , F & O
thanks to discount brokers now.
Any questions, suggestions are welcome. I might not be able to guide on what to do, but I am a master in telling what not to do.
Thanks
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