Hiren1

08:06

Hiren1

Day 36 : Today, I put a halt on algo trading as well as day trading. After algo day trading for @14 days, I realised that I was not making profit, whatever profit had accrued was taken away by market. So I went back to my algo backtesting and stress tested it for worst case conditions and that actually came very close to my real time trading. Then I realised that...

05:52

Hiren1

Day 35: Not much movement today. Remained negative during the day. I am increasingly getting this feeling that intraday is not worth pursuing. The time market is open is very less, the first half hour or the full hour goes just in trying to figure out where the market wants to go and by the time you think what you'd like to do, it stalls and gets into a range. By...

09:05

Hiren1

Day 34: What a bad day it has turned out to be. Market gyrations has given me losses for all the trades taken. The algo was correct, the logic captured the direction of the market, however the intraday pullback of the market was beyond its normal limits (or as per the set calculated limits over a certain time) and kept hitting SL everytime. Took four trades, all...

06:30

Hiren1

Day 33: Good day but did not turn out good for me today. Algo gave me entry in the morning, turned out profitable, but subsequent two entries took away all the profit. Overall a negative with minor loss. Progress: Stuck to the algo even when was sure that we are near the support and should have taken profit. So, no manual trading today. Learning/ to ponder: When...

05:20

Hiren1

Day 32: Day opened good, however could not sustain bullish momentum and gave up all the gains. Algo waited till it got the pullback. First trade turned out to be loss making as market played mischief and got me out. On the second trade also market tried to play mischief but the sellers were very strong and did not allow it to go beyond my SL and hence was saved....

04:59

Hiren1

Day 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...

05:07

Hiren1

Day 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...

03:59

Hiren1

Day 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...

06:31

Hiren1

Day 27: Another trending day. Algo gave good entry and exit, perfect as per coding. Progress : No chasing/FOMO/anxiety (well almost) Learning : Need to chase profit and not let it slip away, market is supreme and smartest of all. Money is more important than getting the math right. Will chase with TSL manually when putting a stretch target.

07:10

Hiren1

Day 26: It turned out to be a good trending day today. Right from the morning the market decided to fall and kept falling. Yesterday I had tweaked my algo to take entry on pullback. Unfortunately, the morning pullback was not strong enough to get me a signal, so missed the morning trade. However, algo caught the afternoon pullback and gave me a good profit of...

05:59

Hiren1

Day 25: Another Monday after a weekend, however, now I don't feel the pressure of being wrong because I was out of sync with the market due to the weekend holiday. Now it seems the faith on the system is taking over and the thought never occured to me that its Monday. I just let the system figure out the signals and let it work. I just sat in front of it and just...

04:47

Hiren1

Day 24 of DayTrading: Let the algo run from morning. Did not tinker with it the whole day. Algo gave correct signals, however the market volatility got me and took away my profits. During the day, had the feeling that now I shoud stop the algo since I was in profit of >1%, however, let it run as I need to develop faith on my algo. Overall, an OK day, but the...

10:19

Hiren1

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,...

06:04

Hiren1

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...

06:26

Hiren1

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...

09:17

Hiren1

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...

03:02

Hiren1

Day 19 of DayTradingJournal : Good day today, the algo performed as expected. Gave correct signals and fired correct signals to broker account. Tried tweaking some more, but then after running on dummy account realised that the existing setup is better, so will continue with it tomorrow as well. Tomorrow, will let all signals go through the algo and see how it...

06:53

Hiren1

Day 18 of DayTradingJournal: Today was a good day with my algo finally doing as expected. Had this issue since last two days, though I had fixed it up last night, however, realised a small bug had crept up, was taking data from one set and applying to another set and expecting correct results. Obviously wrong, got it resolved and then tested it. The algo now gave...