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nifty future intraday trading journal |
Rancho
White Belt
Joined: 07 Apr 2011
Posts: 13
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Post: #1  Posted: Wed Dec 21, 2011 12:30 am Post subject: nifty future intraday trading journal |
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Hi frnds,
I will be posting here intraday trading levels for nifty future. And i will be posting trades based on these levels after market hours. I will not be able to post calls in real time. Its a trading journal and let me clear that i dont have any strategy to explain...
Levels i will be watching for 21.12.11
4646
4634
4561
4532
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SAKLECHA
White Belt
Joined: 26 Jan 2010
Posts: 333
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| Post: #2 Posted: Wed Dec 21, 2011 10:01 am Post subject: |
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HAI
SPOT OR FUTURES LEVELS ARE THESE....................HOW U USE THESE NUMBERS..................EXPLAIN PLEASE.
THANKS & REGARDS |
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Rancho
White Belt
Joined: 07 Apr 2011
Posts: 13
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| Post: #3 Posted: Wed Dec 21, 2011 4:00 pm Post subject: |
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Hi saklecha
the levels ara for future. How to use them? If you are bearish sell at 2nd level with s/l a 1st level. You will undrstand better with my trade example.
Trades for today i.e. 21.12.2011
Trade 1 sold at 4634 SAR was at 4646. SAR got triggered loss of 12 points
Trade 2: baught at 4646 Sar at 4634. Sar got ttiggered losd of 12 points
Trade 3: sold at 4634 stop loss at 4646 sl got triggered loss of 12 points
Total loss 36 points.
Loss 2000+ with 1 lot.
Unfortunately today was a negative day with market being choppy for most of the trading session. Hope i will earn some money tmrw.
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Rahulsharmaat
Black Belt
Joined: 04 Nov 2009
Posts: 2766
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| Post: #4 Posted: Wed Dec 21, 2011 4:04 pm Post subject: |
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| why u didnt bought again above 4646---???? |
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Rancho
White Belt
Joined: 07 Apr 2011
Posts: 13
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| Post: #5 Posted: Wed Dec 21, 2011 5:06 pm Post subject: |
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My money management didnt allowed me to do that... I never risk more than 5% of my yrading capital in a single trading day. And also i take max 3 trades in a day. My capital is 50000 and i was already more than 2000 loss which is 4% of my trading capital.
Also i take risk of 12 points on each trade everyday.
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Rancho
White Belt
Joined: 07 Apr 2011
Posts: 13
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| Post: #6 Posted: Wed Dec 21, 2011 6:19 pm Post subject: |
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Nifty future levels for 22.12.2011
4731
4705
4669
4620
4608
the levels are more than 12 points apart so use your own money management technique. One can go long above 4731 or short below 4705 for short book profit at 4669.
I am not responsible for any loss, i am maintaining this trading journal for self evaluation.
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Rancho
White Belt
Joined: 07 Apr 2011
Posts: 13
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| Post: #7 Posted: Thu Dec 22, 2011 4:13 pm Post subject: |
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Trades for 22.12.2011
Trade 1: shorted at 4705 sl hit at 4717.
Trade 2: entered long at 4731 tsl triggered at 4743.
At the end no profit no loss only loss of brokerage.
Lesson of the day: i should have exited at 4755 when i was in 24 points profit.
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Rancho
White Belt
Joined: 07 Apr 2011
Posts: 13
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| Post: #8 Posted: Thu Dec 22, 2011 7:09 pm Post subject: |
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Nifty future levels for 23.12.2011
4764
4742
4706
4646
4634
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