Trading Journal (Price action)

[xrtrader1]

 

[xrtrader1]

Commissions are killling my profits

I took 7 trades today. Total commission paid (7*61) = 427.
If trades done with Zerodha it would be 7*40 = 240.

Net today would have been +ve day. Will be shifting my trades to Zerodha soon .

I was a one lot trader for long time, made sense to pay 30 rs per lot. Doesn't make sense when lot size is increased to 2.

 

[freeda]

any one know broker who gives cheap brokerage and also no cut off for 3.15 auto squaring off
(if they give Odin its nice)

 

[xrtrader1]

any one know broker who gives cheap brokerage and also no cut off for 3.15 auto squaring off
(if they give Odin its nice)

Zerodha, Achievers, many more. There are few threads in forums regarding that.

 

[xrtrader1]

No trades today.

 

[xrtrader1]

Nov#29

Still paying high brokerage. Process started for opening account with another broker.

 

[xrtrader1]

Dec#03

Patience testing day

 

[xrtrader1]

Dec#04

 

[starscream]

Re: Dec#04

what was your position size. i.e. no of lots. what was your entry and exit.

 

[xrtrader1]

Re: Dec#04

what was your position size. i.e. no of lots. what was your entry and exit.

Short 6246 covered 6230. (time 13:48)
long 6205 closed at 6219 (15:00).

1 loss trade: Taken at short at 6221 (time 14:21), whip sawed.

Lot size: Usually start with 5 lots, if I feel my bias is correct will load it further.

My point is : I don't believe in trading with fixed size lots, if the setup is good, go fully loaded. If in doubt reduce lot size.
if trade goes in your favor and target is still far off, add few more lots.