Trade Diary of a Novice

[ajeetsingh]

Hi friends,
first let me, introduce myself
I am a software engineer by profession, developed love for intraday trading, 3 years back!
since then I had read numerous books on trading, some were worth others just timepass.
Among all theories, price action lured me most and I started watching Price action of liquid stocks and compiled daily reviews for future use.
as if now I have compilation of more than 1300 pages to refer.
So from today i am ready to do some trading using my notes.
For about 1 month, I will post my trades after market hours but as I will get habitual of posting, I will post during market hours.
Although I have paper traded with quadra trading system but in past day got many whipsaws so dropped.
I have also traded on 5 mins graph using some free tips scattered on net, which gave me 0.5% daily but this method is not suitable in long run.(I think so).

 

[ajeetsingh]

My charts will be hourly as I need some time to look into my notes before initiating trades which is not possible for lesser time frame.
Moreover I will do trading in office in free time so higher time frame suits best.
Stoploss will be of around 0.5% and target will fixed at 2% so risk:reward ratio comes out to be 1:4, so if I get accuracy of 50%, even then I will be in profit at end of month.
Price action is very hard to study thats I am starting with capital of merely Rs.5000 as I have only this much to loose.

 

[Taiki]

Welcome Ajeet,

Best of luck for your journey :thumb::thumb:

 

[ajeetsingh]

My measure of liquidity is prev. day's total traded value must be above 500 lakhs.
I use Amibroker as TA software & google as data feed, both are free ofcourse.
Usually for confirmation of trade, stochD with default setting of (15, 3, 3) will be used.

 

[teja14]

Best of luck.

 

[arjundas]

My charts will be hourly as I need some time to look into my notes before initiating trades which is not possible for lesser time frame.
Moreover I will do trading in office in free time so higher time frame suits best.
Stoploss will be of around 0.5% and target will fixed at 2% so risk:reward ratio comes out to be 1:4, so if I get accuracy of 50%, even then I will be in profit at end of month.
Price action is very hard to study thats I am starting with capital of merely Rs.5000 as I have only this much to loose.

GOOD PLANNING
all the best...
:thumb:

 

[ajeetsingh]

Today i traded in Onelifecap with 7 shares which reaped Rs.13.5 per share.
Capital= 5000
gain= 94.5
misc charges(rounded off): Rs.4.5
Net worth = Rs. 5090
thanks God today i started with positive note.

Note: Amount hereby mentioned by me is indicative only as my real amount is different coz I am testing one more technique of smaller timeframe simultaneously.
At home I'm maintainig 2 separate accounts and will carry only the more profitable one in future.
This amount of rs.5000 is for testing purpose only
By my experience, i know paper trading is not worth for testing as real money is after all real money.

so here's the chart
(please mind one thing that I have predicted todays future only on basis of my past notes)

 

[ajeetsingh]

todays gross profit: 4*14 = 56
misc charges : 4
net profit: 52
Balance c/f : 5090
Net worth: 5142

 

[eventchecklist.net]

Hi Ajeetsingh, looking forward with your success here in the stock market world. Just like you I am a newbie in the field and I am looking forward to learn more about the stock market. Looking from your thread I guess I could learn a lot more.

 

[ajeetsingh]

Today I will test an automated process of executing trade on 5mins time frame.
Afl behind the trigger is solely written by me.