Day 13 of day trading journal.
Stayed away as could not login in the morning, so could not get insync with the market.
Let the algo run and do paper trade for records and understanding and faith on the system....worked out well, will continue.
Day 12 of day trading journal.
Good thing about today : No impulsive trades, no panic, no FOMO
Paper trade on my excel based algo gave good results (better than my manual trading).
CALL DEBIT SPREAD/PUT CREDIT SPREAD STRATEGY
It is part and parcel of the verticle spread family , to be used in bullish market view.
Loss and profit is limited .
Educational video only take your trade after consulting your financial advisor.
Day 11: Took an impulsive trade, lizard brain got me again. Need more consciousness to control it. Need more practice. Other than that, logic seems to be working good, strategy seems to be profitable, only issue is with practice so that lizard brain can be brought under control. Hate the market timings - very few hours to practice, the first hour just goes in...
Day 10, thought of punting ( front running) and got in before getting the signal. Bad idea. The signal never came and had to take a loss. Learning for today.
Achievement for today: Did not feel frustrated waiting, did not take more than two trades.
Learning of today:
1. Have patience........... more than 4 hours as long as your SL is not hit.
2. Have faith in your system, do not take short exits, let the market come to you.
Day 6:
Had the idea of chasing the trend, however, realised that I am not yet ready for it. The SL was very far off and hence was sceptical of taking the plunge. Upon confirmation candle, did take the stand; and it turned out to be correct, got out at expected target.
Learning:
1. Waiting for confirmation definitely helps
2. Do not doubt the system even in an...
Day 5
Experimented with 15 min chart to see if it can help identify the major trend for the day. Untill now I used to look at 1 hr chart to judge on major trend.
Looks promising and delivers within the day. Will follow 15 min chart to see if can help me identify the trend correctly, consistently.
Day 2 of journaling my trading to see how I am doing, what is my thought process, recording it so that I can figure out where do I need improvement to trade better, make money consistently.
This is more like recording what I am doing everyday (right or wrong, mostly wrong I think) so that I can come back and see where I need to change, what I need to improve.
I am using the Linear Regression for direction and checking extreme ends for entry/exit. I think that LRC is good for intraday trading since you get both the things on the screen. However,...
Hello and welcome to this analysis
Bank appears to be in a lower time frame triangle suggesting the probability of a potential breakout.
Off late has been an underperformer compared to other large private banks in the recent run in the banking sector.
Extreme narrow range 1480-1540, broader range 1350-1775
Good opportunity to buy the dip and / or the breakout...
