iCharts Discussions

[umesh1]

Buy at / above: 4865.06 Targets: 4880.07 - 4897.55 - 4915.05 - 4932.59
Stoploss : 4854
Sell at / below: 4847.64 Targets: 4832.66 - 4815.29 - 4

[Rahulsharmaat]

Stop loss hit --UMESH

and from where this stop loss came """?????

[nsk1371]

umeshji, when everything is going right, hw cud u get sl 4854?..

[umesh1]

[Rahulsharmaat]

East or west--original formula is best

even my 8 year son can trade that ---

ha ha

[pinto1]

[umesh1]

[umesh1]

[Rahulsharmaat]

now why i lost 15k-- has some problem in my own trades

i use to trade 4 mini lots-- and these two days i traded 4 big lots

and then i didnt traded change of call--which was my mistake
i traded on expiry day n one day before that too

where all stop loss hit--

levels were--

buy above 4693
short at 4675--

Short hit sl-- 18 points
Long hit Sl--18 points
Short hit sl 18 points

now change of call happ and it gave short at 4693-- buy above 4710--

but i again bought at 4693-- again sl hit--
this time i didnt short below 4675-- nifty went till 4640-

this was i lost 72 points per lot

================================================

Now in change of call--
Loss already 54 points

if short at 4693--

2 targets hit--gain per lot 23 points
so net loss 31 points--

so it was not system problem--it was my testings--

and then made a principle that no trade on expiry day n day before that--where its in very tight range

================================================

if anyone feel my updates are hurting there ego-- or creating any problem-- from hereon i wont post anything

thanks all



Sh

[smartcancerian]

Rahulji/umeshji, you both have developed excellent technique..let us focus on developing the method instead of getting into ego/emotional problems...all i have understand till day is emotions are a big drawback of a trader's mind(its basic)..& i think u both are seasoned traders so it shud not be your weakness atleast..pl..everybody's contribution is required in this forum..sorry, if i have been out of place..

[Rahulsharmaat]

I am a small men-- i have no ego-- nothing

what i have updated is my real trade
never in my life i have seen people talk about stop losses n there traded loss
at-least i was honest in that ....


what i said was i dont want to use my mind here n there-- 1 month testing i did--with many changes ---

finalised that -- as i trade 2 lots--
will book at 1st n 2nd target -- wont talk of any 3rd--4th-- and see any reversals--
will follow above and first change of call-- thats it --thats it

how many here trade in 4--6--8 lots-- so no points discussing 3rd--4th target

=============================================
now this whole month rule which i will follow is

trade morning both calls--
and the first change given--

in this first change of call-- if i am long already--i wont long more
same in short also

--------------------------------------------------------------------------------
i am updating it in excel from this monday-- will post it here month end--

[smartcancerian]

Thanx rahul ji, everyone has its own trading style...ultimately it is must..we backtest the things..thanx for keeping trade record..it will instill MORE confidence in this technique opened by umeshji

[Rahulsharmaat]

i am following what UMESH has introduced---

just change is the next call-- and wont do any reversal-- or stop loss in between as he gave today --which hit also


all thanks goes to him

[umesh1]

[Rahulsharmaat]

change of gaurd happ now

short at 4865-- long above 4883