Community ideas
Day 31 of Live Algo Day Trading JournalDay 31: Day opened bullish, my stock opened and immediately ran up to its high point. Algo did not trigger as it is deisgned to get in on a pullback. Got an entry; market tried to cheat but could not succeed and was saved. However later on the market cheated and threw me out with a minor profit. Algo again got triggered but in the wrong direction, suffered small loss. Third time algo got triggered but came out at parity.
Progress : Did not do any manual trade today even when felt like taking a bullish position manually(in hindsight looks like I was correct), but idea is to build the habit of only algo trading, no manual trading, so good, did not get into temptation.
Nifty & Bank Nifty Analysis For 14 May 2024In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Day 30 of Live Algo Day Trading JournalDay 30: Made a mistake today. Market was bearish in the morning and algo took a position which went on to be incorrect. Again algo took another position and this also turned out to be a loss making trade. After the fall over last few days, I was bullish while the algo signals were all bearish. So, after two wrong trades by my algo, I thought let me take the next trade manually and I went long. Market punished and threw me out. Then again I took two more trades (even when algo was quiet and did not give any signal), made up the loss that I had made in my manual trade. Overall, a loss making day, losing bit less than 1%, but the worst part was losing my patience and getting overconfident on my skills. Bad idea.
Setback: Manual trade.... i think due to getting overconfident by looking at the chart, getting influenced by a certain call, bad impact...
Is Nifty ready for the new upmove ??Nifty is creating a falling wedge, along with a hidden bullish divergence in the daily chart !
A strong move can be seen once nifty give a close above 22135 level its immediate target is 22330-350 level. above that new ranges opens up !
Bullish hidden divergence are rare to find overall which indicates the undercurrent is strong for a up move !
Nifty & Bank Nifty Analysis For Next Week 13 May-17 May 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
👍Like | 💬Comment | 👥Share
Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
#TheStockMantra #MarketAnalysis #LearnStockMarket
Day 29 of Live Algo Day Trading JournalDay 29: Good day today. After falling for almost week, market took a breather and the bulls tried to put a stop to selling.
My algo got me into a bullish position in the morning and the momentum gave me my target pretty soon. Had to be away so did not trade later on, but the algo did very well on paper trades.
Had a not so good day yesterday and was not feeling good yet continued with the algo without touching it during the day, turned out to be a wise decision.
Progress: Overcame the sadness of losing yesterday and did not do any manual trade, let the algo run its course.