To document my trading results: Focus on documenting :
a) Entry Signal : Why i entered a trade
b) Exit Signal : What made me exit
Dabbled in day trading : Too much time needed in front of screen. Entered Positional (or swing) Trading now ( 2 days to 1 week).
Tried entering Nifty Futures intraday : Wiped off significant capital due to whipsaws and new comer to day trading nifty futures
Back to option trading to recover my money : Do what you know.
Two goals for trading:
a) Generate monthly income using fixed small corpus of money
b) Generate 2%-3% return/month for remaining corpus : Target beating the inflation and low risk capital investment
My shortcomings till date:
- Too much study, too little focus on 1 strategy or 1 trading instrument
- Not so great money management : Jump in with all capital @ hand
- Not so great entry : Entry has not been disciplined, resulting in long wait periods (And time is money in this life)
My Aim is not to sit in front of trading terminal for whole day. and will focus on that only.
a) Entry Signal : Why i entered a trade
b) Exit Signal : What made me exit
Dabbled in day trading : Too much time needed in front of screen. Entered Positional (or swing) Trading now ( 2 days to 1 week).
Tried entering Nifty Futures intraday : Wiped off significant capital due to whipsaws and new comer to day trading nifty futures
Back to option trading to recover my money : Do what you know.
Two goals for trading:
a) Generate monthly income using fixed small corpus of money
b) Generate 2%-3% return/month for remaining corpus : Target beating the inflation and low risk capital investment
My shortcomings till date:
- Too much study, too little focus on 1 strategy or 1 trading instrument
- Not so great money management : Jump in with all capital @ hand
- Not so great entry : Entry has not been disciplined, resulting in long wait periods (And time is money in this life)
My Aim is not to sit in front of trading terminal for whole day. and will focus on that only.