My Trading Diary for 2013.

[soft_trader]

Hi Soft trader,

You are doing a great work by maintaining this diary, i just wanted a piece of advice from you, I am able to see that you are counting your winning trades by points, that is what most of the successful traders do, I am very new to trading and have only spent one year in learning the market so far, When i tried to keep track of my progress with points system, i was feeling like losing interest, not sure why, but i can promise one thing i am trading only for passion not just for money, but i am not able to track my progress with points alone always money comes in my mind, any piece of advice from you to avoid this please?

Hi Mukunth,

Thanks for writing.I am not a great trader. I am also a newbie wandering in this financial jungle. I keep track both by points and money. If you keep track in by money I think there is no harm in that. Money will come into the mind, that is natural human sentiment.

Earlier I used to set a target like I have to earn minimum this or that this day and used to have targets. Say I must earn 500 per day and if one day I earn 300 the next day I should have a target of 800 and so on.....

I realized my mistake. Now I took a trade whenever I see an opportunity if I don't see a trade I don't take any. Earlier I used to sit right from 9:15 and used to punch order within few seconds of market opening

Think of it as a game. Use that amount of money that you can lose without losing your sleep at night.

One think I have learnt from this market. PATIENCE IS THE KEY Best of luck for your trades:thumb:

 

[soft_trader]

Today's Trades:

I was in a net profit of 7 points (Crude). Over-trading led me to profit of 2 points

 

[soft_trader]

RESULTS CALENDAR​

Guj NRE Coke --------- Wednesday, January 09, 2013
IndusInd Bank -------- Wednesday, January 09, 2013
Cera Sanitary -------- Thursday, January 10, 2013
Sintex Ind ----------- Thursday, January 10, 2013
Bajaj Corp ------------ Friday, January 11, 2013
CMC Friday, ---------- January 11, 2013
Infosys Friday, ------- January 11, 2013
Gati Saturday, ------- January 12, 2013
Jaiprakash Power----- Saturday, January 12, 2013
Petronet LNG -------- Sunday, January 13, 2013
TCI Industries ---- -- Sunday, January 13, 2013
Muthoot Finance ---- Monday, January 14, 2013
Shalimar Paints ------ Monday, January 14, 2013
Shree Gan Jewel------ Monday, January 14, 2013
TCS ---------------- Monday, January 14, 2013
Axis Bank ----------- Tuesday, January 15, 2013
Bajaj Finserv -------- Tuesday, January 15, 2013
DCB Tuesday, ------- January 15, 2013
Essar Oil ------------ Tuesday, January 15, 2013
Rel Ind Infra ---------- Tuesday, January 15, 2013
Bajaj Auto ----------- Wednesday, January 16, 2013
Bajaj Holdings -------- Wednesday, January 16, 2013
TTK Prestige -------- Wednesday, January 16, 2013
Yes Bank ------------ Wednesday, January 16, 2013
Essar Ports ---------- Thursday, January 17, 2013
Exide Industrie ------ Thursday, January 17, 2013
Federal Bank ------ - Thursday, January 17, 2013
HCL Tech --------- - Thursday, January 17, 2013
Hero Motocorp ------ Thursday, January 17, 2013
Tata Metaliks ------- Thursday, January 17, 2013
HDFC Bank ---------- Friday, January 18, 2013
ITC ----------------- Friday, January 18, 2013
M&M Financial ------- Friday, January 18, 2013
MindTree ----------- Friday, January 18, 2013
NIIT --------------- Friday, January 18, 2013
Mahindra Life ---------- Saturday, January 19, 2013
Alembic Pharma ---------- Monday, January 21, 2013
HDFC ---------------- Monday, January 21, 2013
Shree Cements ---------- Monday, January 21, 2013
AP Paper Mills ---------- Tuesday, January 22, 2013
Everest Ind ---------- Tuesday, January 22, 2013
Kirloskar Oil ---------- Tuesday, January 22, 2013
Mahindra Comp ---------- Tuesday, January 22, 2013
Welspun Corp ---------- Tuesday, January 22, 2013
Karnataka Bank ---------- Wednesday, January 23, 2013
Parrys Sugar ---------- Wednesday, January 23, 2013
Dhanlaxmi Bank ---------- Thursday, January 24, 2013
ICRA Friday, ---------- January 25, 2013
Tata Coffee ---------- Friday, January 25, 2013
Persistent ---------- Sunday, January 27, 2013
State Bnk Tr ---------- Monday, January 28, 2013
Tamilnadu Petro ---------- Monday, January 28, 2013
Dabur India ---------- Tuesday, January 29, 2013
Mahindra Holidays ---------- Tuesday, January 29, 2013
Pidilite Ind ---------- Tuesday, January 29, 2013
Chambal Fert ---------- Wednesday, January 30, 2013
Colgate ---------- Wednesday, January 30, 2013
ICICI Bank ---------- Thursday, January 31, 2013
Berger Paints ---------- Saturday, February 02, 2013

* Those marked in RED are important.

 

[soft_trader]

Yesterday I got my punishment of over trading. Loss of 20 points in Crude Oil.

Today Got 5 points in pocket No more trade today, I want to stop overtrading and be disciplined.

 

[soft_trader]

@Sumit,

Have you opened account with VNS? Mine got opened yesterday

 

[MANISH_DAMANI]

Yesterday I got my punishment of over trading. Loss of 20 points in Crude Oil.

Today Got 5 points in pocket No more trade today, I want to stop overtrading and be disciplined.

Yesterday you have not done over trading you have taken wrong decision at wrong time so it hurts double. But do it patiently everything be all right.Most of people scared of crude because they dont understand entry /exit point properly as not aware of behavior in evening data time.So learn more and earn more :thumb:

 

[TraderRavi]

Yesterday you have not done over trading you have taken wrong decision at wrong time so it hurts double. But do it patiently everything be all right.Most of people scared of crude because they dont understand entry /exit point properly as not aware of behavior in evening data time.So learn more and earn more :thumb:

you have said somewhere crude needs atleast 2-3 lakhs capital....so its best to stay out of this until someone have that much capital.......I too got big profit & losses in crude....so best for me is to stay out of this counter....

 

[augubhai]

Hi Softy,

There has been a lot of discussions about Zerodha's high txn charges for FUTURES.
How does their cost compare with other brokers for OPTIONS?

I am asking you this question since you have accounts with all discount brokers.

 

[soft_trader]

Hi Softy,

There has been a lot of discussions about Zerodha's high txn charges for FUTURES.
How does their cost compare with other brokers for OPTIONS?

I am asking you this question since you have accounts with all discount brokers.

I think RKSV's transaction is the lowest in options. But note sure. As the turnover in options is less so I don't think it matters much for option trading.

 

[soft_trader]

Today's Trades:

No trades in Equities.

Commodities - Crude oil trades:-

Shorted @ 5109 --- Bought @ 5106 = 300
Bought @ 5113 --- Sold @ 5116 = 300
Bought @ 5114 --- Sold @ 5108 = -600
Shorted @ 5100 --- Bought @ 5092 = 800

Net profit after charges will be around Rs. 500/-