Trial Trading diary : Scalping

[haruns]

Will not work in my opinion but Good luck.

swing trading works if done correctly. to need to properly time your entries and exits. but yes given the amount 3K each scrip may not work as it will eat demat charges. for 400-500 profit you need at least 15K for swing trading if no leverage is used in delivery

 

[haruns]

also do the swing trading in top 100 stocks from FNO

 

[gautam7821]

01-11-2018
SCALPING :

1 HINDALCO-100-SELL-225-225.5
2 HINDALCO-100-SELL-2227-25.5
3 HINDALCO-100-SELL-228-230.7
4 HINDALCO-200-SELL-229.5-230.7
5 HINDALCO-200-SELL-232-231
6 HINDALCO-500-SELL-232.5-231.5

Did some scalping at @ 2nd half.

Profit : 290.00

SWING TRADE TRIAL DAY 4 :
Bought :
INFRATEL-12@261
[email protected]

 

[gautam7821]

also do the swing trading in top 100 stocks from FNO

for FNO, how much margin required ?

 

[gautam7821]

SWING TRADE TRIAL SO FAR :

DATE--SCRIPT-QT--BUY RATE-DATE--SELL RATE
25-10-2018--SBI--12--250.5--29-10-2018--265.89
25-10-2018--BPCL--10--281
25-10-2018--BHARTARTL--10--298
25-10-2018--BHARTARTL--10--293
25-10-2018--ONGC--10--155
25-10-2018--ONGC--9--154
25-10-2018--YESBANK--15--198
25-10-2018--VEDL--15--203.7
25-10-2018--HINDALCO--13--222
30-10-2018--KPIT--14--222
30-10-2018--LICHF--7--405
30-10-2018--BPCL--10--267--01-11-2018--283.5
01-11-2018--INFRATEL--12--261
01-11-2018--COALINDIA--12--261.4

 

[gautam7821]

02-11-2018
LESS SCALPING THESE DAYS :

BPCL--100--BUY--300--300.5
BPCL--100--SELL--304.4--305.5
TATAMOT--100--SELL-188.5-189.5
TATAMOT--100--SELL-189.5-188.8
TATAMOT--200--SELL-189.5-189
HINDALCO--100--SELL-242.5-242
HINDALCO--100--SELL-243-242.7
TATAMOT--200--SELL-189.7-190
TATAMOT--200--SELL-191.6-190.5

P/L: +470


DELIVERY TRADE :

SOLD BPCL/YESBANK/VEDL/HINDALCO

 

[RSD]

I think finvasia is reliable for day trading/swing trading under 1 lakh capital.

Thanks for your suggestion. I have opened a trading account with finvasia according to your advice. I am new in trading and my capital is only RS 5000/-(don't laugh please). I shall be thankful to receive scalping techniques from people who are engaged in scalping. I trade in ICICI Bank. What will be the no of shares for each trade with this meagre capital? Waiting for your valuable advice

 

[haruns]

for FNO, how much margin required ?

By FNO stocks i mean Underlying( also called Spot) as you will be able to manage the position sizing. but to answer you question how much is needed for swing trading in FNO will depend upon market volatility as these days volatility has increased a lot and it is making it risky to hold overnight position in Futures. but you need to have at least 20 to 30% of contract value. so for a scrip where 50K is required you should have 150 to 200K in your account. and future positions should be hedged with at least cheap OTM Call/Puts . as these days 20/30% moves is occuring frequently.

but a beginning trader should focus long side when thinking about swings and should only trade Cash(spot). bull trend gives more long side swing opportunities than down trend which are short lived due to the fact that we are in secular bull run. while in downtrend you can focus on stort opportunities intraday....

 

[haruns]

Thanks for your suggestion. I have opened a trading account with finvasia according to your advice. I am new in trading and my capital is only RS 5000/-(don't laugh please). I shall be thankful to receive scalping techniques from people who are engaged in scalping. I trade in ICICI Bank. What will be the no of shares for each trade with this meagre capital? Waiting for your valuable advice

Actually capital of 5K in not a small capital as we are in highly leveraged cash market. what you should do is to do proper postion sizing based on you risk parameters

as we are dealing in highly leveraged cash market you should set 10% as your daily loss limit which will be 500 ruppes. and you might want to take 5% risk on you capital on each trade which is 250 Rs. so in this this case you will be able take two losing trades before you are done for the day.

A position size for example in ICICIBANK will be dependent on you SL points so if your SL is 2.5 points the shares you should trade will be 250/2.5=100

so you will keep adjusting the position size as per you SL.

Keep doing this every time every day and you will one day crack to code to successful trading.

as example of what can be done with small capital

 

[haruns]

01-11-2018
SCALPING :

1 HINDALCO-100-SELL-225-225.5
2 HINDALCO-100-SELL-2227-25.5
3 HINDALCO-100-SELL-228-230.7
4 HINDALCO-200-SELL-229.5-230.7
5 HINDALCO-200-SELL-232-231
6 HINDALCO-500-SELL-232.5-231.5

Did some scalping at @ 2nd half.

Profit : 290.00

SWING TRADE TRIAL DAY 4 :
Bought :
INFRATEL-12@261
[email protected]

it clearly shows you are doing martingale. which is risky and it is a sign of emotional trading. keep your bets constant as no one trade is better than other. every trade is just another trade as you cannot know the outcome of next trade so no greater emphasis should be given to any trade.