Day 23:
As expected, today being the day after a holiday (a trading break day), turned out to be a bad day. The markets remained range bound the whole day (for my stock) and just kept on hitting SL on both sides, frustrating (now, it's more like trying to frustrate). Anyways, I stuck to the algo, not doing any manual trades and the algo did not fall for anything,...
Day 22 of DayTradingJournal:
Let the algo run from the morning. Algo did a good job. Had an issue with internet in later part @2:30 when it stopped downloading data and hence no signals. This eroded my profitablility, otherwise later on I checked up eod data and ran a backtest to see the discrepancies in the live vs backtest data. Surprisingly, both matched. Other...
Day 21 of DayTradingJournal:
Full live algo deployed. Algo did very well compared to what I think I'd have done had I taken trades manually. Algo did as expected, taking all the entry, exit, SL, Tgt signals correctly.
Progress: No manual trades today, no FOMO, no front-running the signal, no fear/greed while sitting in front of the system. Had an instance when I...
Day 20 of DayTradingJournal:
Today I did my first test of the algo that I have been trying to make. I put it live right from the morning and let it take all the trades that comes its way. Surprisingly, the algo did very well. (I think if I did manually, I might not have been so good).
Learnings for today: Keep the faith on the system, it pays well.
Since TV does...
All factors seem to be falling in place for Indian Economy. And that will likely translate into huge gains for Indian currency, bonds and equities. This update speaks about the signals visible at the beginning of 2024.
Rupee stayed almost flat against the $ in 2023, depreciating 2% whereas other EM currencies depreciated more than 4%.
Equities soared in 2023 and if things go as they are appearing, then 2024 promises to be even better. There is lot of hop and optimism in the air already about Indian economy and that will most likely translate into higher returns for Indian...
Rising US Yields are attracting liquidity from all assets. Also, in the domestic markets the yield curve has become flat.
From being normal sloping during height of Covid to flat today; the shape and level of the yield curve have repercussions on investors.
This video examines the liquidity situation globally as well as locally and tracks leading indicators to...
The CODE will help you take a informed decision on your analysis of the financial market. This code can be used for any financial market to trade. BANKNIFTY/BITCOIN/FOREX you can trade anything. It will help you take a decision and also lets you know when to exit.
