My trading diary..

back again in trading after 18 months.
The Minute you think you have found the key for trading, I promise you that markets will change the lock.
everything is changed now, trading style, money management. market taught me and i have paid tuition fee. now its time to face market.
i wont quit this time. started 60 days challenge..

system- trend following 10 min
starting amount- 100000
amount today- 123478
profit/loss till now - 23478
symbol- 15 stocks with span margin around 50 k and nifty,banknifty.
position- as per current MM rules max 2 open positions. whichever first 2 signals comes i trade it.
margin- only NRML orders.
trading- semi automatic.
pc- google cloud so i can trade all signals and no electricity,connectivity issue.
money management- 100 k is small amount and i need decent amount for trading. so i am in aggressive money management mode 50k < 1lot > 100k < 2lot > 150k < 3lot > 200k < 4lot > 250k < 5lot after i achieve 5 lot then i will shift to defensive MM mode and after 10lot very very defensive mode.
execution of trading plan- this is very imp part and i need to achieve 100% execution of trading plan.i didnt achieve this as per plan. first day i traded mis orders which was not as per my plan. after that day i executed my trading plan as per rules.
time frame- purely intraday system no overnight positions.
future plans- need to work on new systems (i need min 5) want trade with bunch of systems rather than only one system. i should concentrate on executing trading plan.

reason to post. from today i am going to post my results in trading diary from expiry date to next expiry date.

no i dont use adds in my system.
google cloud is virtual server pc where u can install ur applications such as amibroker, pi and run it on virtual pc. so amibroker ,pi are installed on virtual pc so it cant get disconnected because of internet, electricity issue. u can connect ur virtual pc from ur regular pc via remote destop with normal internet connection. u can fully automate ur system on virtual pc. so u can just switch on virtual pc before market opening and switch off it after market ends. there are plenty of providers i am using google cloud. u can search VPS or Virtual Private Servers, u will get all information about it.

Hey, Thats a nice idea.

Can you brief me about the setup and the costs involved. you can PM me in case replying here might take it thread to another direction.

Thnx

ur pm is disable but no problem this thread is just to maintain discipline and trading diary. my friend did setup for me but it is not that complicated. free trial is for 2 months so i dont know price yet but it will be around 2.5k per month. just google VPS and Automated Trading u can get vps as low as 12k per year and to automatic ur system u need 30k per year also u need data for vps amibroker which will come at 20k per year. also u need to code ur system for automatic trading by urself or pay expert to do it. if u dont need fully automatic system then u can try zerodha pi bridge. its cheap.currently i am using semi automatic system because of low trading amount. but in future i will definitely go for fully automatic system.

starting amount- 100000

feb expiry- 23478

mar expiry- 3626

i didnt follow all rules. i did not trade some days and my bad luck, those were profitable days as per system. as per system there is 12000 profit but i got 3626 loss. i should have trade less bcz i paid around 20k for stt and other charges. i have developed a nifty option system its like discretion in a mechanical system. i am paper trading the same last 2 months and results are good. got this idea from
http://zerodha.com/z-connect/zerodha-60-day-challenge/winners/from-iit-to-intraday-options-on-nifty
lets see how it works.

starting amount- 100000

feb expiry- 23478

mar expiry- 3626

current month- 26577



only 3 trading days till now in apr series and i got good profit in nifty option system. i paper traded this system for 2 months and result was very good so from this month i started live with this system. after backtesting so many system i finally came to conclusion that every good system worked the same way so i started to think differently and tried on discretion system. this nifty option system works 30% mechanical and 70% discretion. check mechanical conditions like pivot,trend and some indicators and if mechanical conditions met then search for trade with gut feeling. entry exit are on gut feeling. trades taken with trend and on breakout failure. the main part of this system is find traps in nifty and trade counter trend with stoploss and if stoploss hit then go with trend again. i have written all rules on paper and follow it every day. everytime i loose money i loose because of overtrading. i overtraded when i got loss in a day so to cover that i loss i overtraded. i never overtraded when i was in profit. so what i have to do now is opposite to that. when i am in profit trade with aggression like overtrading. like today i got good profit because my first trade was in profit i traded with aggression like overtrading but this time with very less risk and got a good profit. i know everyday is not same trending day like today. i can loose all profit in drawdone. but atleast i know i am doing exact opposite what 90% people do in intraday and that is the edge of my system. there are some rules i written on paper, i put in frame and stick infront of my trading desk.only thing is i have to follow it, thats all. profit loss in depends upon my experience in trading. lets hope for the best..

Any update?