Trial Trading diary : Scalping

[gautam7821]

29-08-19


NTPC Sold 4000 @119.70 Covered @119.20

* trade @11.46 Covered @11.56
* only 1 trade . Succeed in controlling my greed .



PROFIT : 1834 after tax

 

[gautam7821]

30-09-19

WIPRO

* I was on bike journey , still kept an eye on charts , downtrend missed.
*Cancelled all short order those not executed.
* Wipro on its day high of 251.75, I kept half sell order @ 251.80 and short other half @ 252.80
* After my order executed Wipro became range bound , nor target achieved , nor SL hit .
* Covered position @ 251.90 avg. got Rs.1600.

*

BIOCON

* could not make day high , as it was fast .
* shorted 2000 @233.60 and got 1K in 9 min.

PROFIT : 2105 after tax

 

[iwillwin]

30-09-19

WIPRO

* I was on bike journey , still kept an eye on charts , downtrend missed.
*Cancelled all short order those not executed.
* Wipro on its day high of 251.75, I kept half sell order @ 251.80 and short other half @ 252.80
* After my order executed Wipro became range bound , nor target achieved , nor SL hit .
* Covered position @ 251.90 avg.

* View attachment 37351


BIOCON

* could not make day high , as it was fast .
* shorted 2000 @233.60 and got 50 paisa
View attachment 37349

PROFIT : 2105 after tax

Bhai itna mat miss karo market ko....drive safe...Be safe...

 

[gautam7821]

Bhai itna mat miss karo market ko....drive safe...Be safe...

iwillwin bhai , trying to be disciplined. I always loose profit waiting for target and end up in red. So small target, small profit, small SL, less trades.

By controlling greed , I made this week green. All 5 trading day target achieved.

 

[iwillwin]

iwillwin bhai , trying to be disciplined. I always loose profit waiting for target and end up in red. So small target, small profit, small SL, less trades.

By controlling greed , I made this week green. All 5 trading day target achieved.

I just wanted to convey that market will always be there for you...

 

[gautam7821]

I just wanted to convey that market will always be there for you...

Agree , will keep it in mind .

 

[gautam7821]

03-09-19

PETRONET
* Not breaking 268.20 made me short there , the spike did not harm me as I did not place SL. I was lucky.

COALINDIA
* Price in close range signaling short. Covered at 12.24 as I had to close my terminal.

PROFIT : 2940 after tax

 

[MSN1979]

* Not breaking 268.20 made me short there , the spike did not harm me as I did not place SL. I was lucky.

Not placing SL is where it all starts, in long run markets will play out and wipe of all the small gains made. Not here as a critic just sharing my experience.

This time you were lucky, Will you be lucky every time? Are you sure price won't keep travelling quickly in opposite direction of your entry? In less then 1 minute price can jump crazy in other direction and keep moving it that way.

 

[gautam7821]

Not placing SL is where it all starts, in long run markets will play out and wipe of all the small gains made. Not here as a critic just sharing my experience.

This time you were lucky, Will you be lucky every time? Are you sure price won't keep travelling quickly in opposite direction of your entry? In less then 1 minute price can jump crazy in other direction and keep moving it that way.

I agree, But as of now I place just half of my order and average it if price go against me. When both order placed I put SL. By this I keep my risk low.

I have to work out to find a better solution for this.

 

[gautam7821]

04-09-19

Coal india : Did not favoured me, Averaged @182, exited @181.50, I could have trailed.

ITC : Did not go down as expected. Target did not hit. Chop Chop, Exit.

HINDALCO : 4th Red candle, Jumped , Averaged @180.65 and exit @179.90, Real Quick .

PROFIT AFTER TAX : 3301