NIFTY Intraday Trading - My Daily performance

[SamTrader]

Date: 16-Oct-2014

NIFTY Call was:
ACTION: BUY Above 7910
Targets: 7940/7960 and above
Stop-loss: 7880

Performance was:
Executed call at: 7910
Closed at: 7880
Profit/Loss Points: -30

Cumulative Performance:
No. of Calls: 12
No. of Successful calls: 7
No. of stop losses: 2
No. of no trades: 3
Net Nifty points gained: 106 points

Comments: Another stop loss day. NIFTY appeared to be trending initially and signals were clear so I couldn't stop trading.

 

[SamTrader]

Date: 17-Oct-2014

NIFTY Call was:
ACTION: BUY Above 7805
Targets: 7825/7850 and above
Stop-loss: 7790

Performance was:
Executed call at: 7808
Closed at: 7790
Profit/Loss Points: -18

Cumulative Performance:
No. of Calls: 13
No. of Successful calls: 7
No. of stop losses: 3
No. of no trades: 3
Net Nifty points gained: 88 points

Comments: Everything was going good but there was small dip hitting my stop loss and it went up and up again crossing even target 2, how I wish I had reentered the trade.

Any expert advise on what we can do in such a scenario? Once we hit the stop loss due to a mishap and if the trend is back in our favor should we reenter?

 

[SamTrader]

Date: 20-Oct-2014

NIFTY Call was:
ACTION: BUY Above 7920
Targets: 7940/7960 and above
Stop-loss: 7900

Performance was:
Executed call at: 7921
Closed at: 7900
Profit/Loss Points: -21

Cumulative Performance:
No. of Calls: 14
No. of Successful calls: 7
No. of stop losses: 4
No. of no trades: 3
Net Nifty points gained: 67 points

Comments - Stop loss triggered.

 

[tvneee]

Sorry to see the last 3 days trading ended in loss. Hope it may reverse from tomorrow!

 

[SamTrader]

Sorry to see the last 3 days trading ended in loss. Hope it may reverse from tomorrow!

Yeah... today I really thought there is going to be a big move considering the election poll outcome and fuel reforms... Guess it was all taken up by the gap up.. Positional traders would have made good money over night and possibly it was just consolidating through out the day today..

Thanks for the concern No one can predict tomorrow only strong risk management can save us all on any strategy for that matter.

 

[SamTrader]

Date: 21-Oct-2014

NIFTY Call was:
ACTION: BUY Above 7920
Targets: 7940/7960 and above
Stop-loss: 7900

Performance was:
Executed call at: 7920
Closed at: 7940
Profit/Loss Points: 20

Cumulative Performance:
No. of Calls: 15
No. of Successful calls: 8
No. of stop losses: 4
No. of no trades: 3
Net Nifty points gained: 87 points

Comments - NIFTY was very close to target 2 twice but couldn't achieve it.

 

[tvneee]

@SamTrader, Turned the tables after 3 days of loss. A good one!

 

[SamTrader]

@SamTrader, Turned the tables after 3 days of loss. A good one!

Thank you my friend. But I am prepared to accept negative trades in series even if there are more losses... We need to trade consistently and calculate only overall profit or loss at the end of a quarter or at least a month.

 

[tvneee]

Yes, agreed.

 

[SamTrader]

Date: 22-Oct-2014

NIFTY Call was:
ACTION: BUY Above 8015
Targets: 8030/8050 and above
Stop-loss: 7990

Performance was:
Executed call at: No Trade
Closed at: No Trade
Profit/Loss Points: No Trade

Cumulative Performance:
No. of Calls: 15
No. of Successful calls: 8
No. of stop losses: 4
No. of no trades: 3
Net Nifty points gained: 87 points

Comments - No Trade