iCharts Discussions

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

I am starting a trading journal to see my personal discipline. I hope i daily update this journal.

sell signal triggered.

sell at:5866

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

short position still open

veerappan · Expert Joined: 19 Dec 2007 Posts: 3680

5866 shot without stoploss.. current closing 5940? any stop loss? without stoploss????? Shocked

amitkbaid1008 · Yellow Belt Joined: 04 Mar 2009 Posts: 540

बिना स्टॉप लॉस के ट्रेडिंग मतलब

गयी भैंस पानी में

veerappan · Expert Joined: 19 Dec 2007 Posts: 3680

கடலில் கரைத்த பெருங்காயம் தான்
Very Happy

bappa1971 · White Belt Joined: 19 Mar 2012 Posts: 171

stop loss lagao bhai.....nehi to problem ho jayegi... Rolling Eyes

amitkbaid1008 · Yellow Belt Joined: 04 Mar 2009 Posts: 540

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

short position still open

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

Being fundamentalist in stock market is indeed lethal. After reading some online magazine, opinions, I thought market is going to fall. so I continuously bet on negative side and booked some loss.

Moral: Being sentimetal and following fundamental is indeed lethal. so be a tecnicalist. no sentiments. no others opinions. just follow rules.

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

one day i did daytrade. my entry position was right. But due to high volatility stoploss hit quickly and i booked loss. but later that day (after some minutes)
again the market was moving in upside.

Moral: Have right stoploss. Else right entries can turn into loss.

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

one day around 3.15 pm i created a short position (without not properly watching charts , i assumed market crossed a important support ). It was Friday. I dreamed i am going to make book a profit. but on Monday market reversed. gap up occurred. Then I hoped a bearish candle will form. But that candle was bullish candle in the evening.

Moral:Do not presume. See charts clearly. Next thing, do not hope. just take loss if stoploss hit. Hope is a good thing, but not in stock market. finally do not dream.

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

one morning i saw american market has fallen 2 percent. so during opening i created short position. but on that day nse ended green and finished above one percent raise.They said Indian market raised because petrol price in international market has fallen which is good to Indian economy.

Moral: following other markets and taking positions will be too dangerous.

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

often it happens. you have opened a position. Next day what will you do when market opens beyond your stoploss. you will close your position immediately or wait for the price to reach ur stoploss.

moral: Analyse ur position after the market hours and be prepared for any unexpected move in the next day.

pkveenu · White Belt Joined: 21 Apr 2009 Posts: 106

hi prabhu
good idea to start this thread
i think the opening trade for this thread is little adventures but let us see what happens to short position

morals
stated after your experience is really a realistic one but this type of actions usually by the new guys in the market

dear
i also have the shorts in the market mainly in banknifty and stock specific

i feel the main culprit to bring down the nifty would be banking sector

dear
do share your reason to short the market and upto what extent
means short medium or long term

regards

prabhu.f12 · White Belt Joined: 13 Apr 2011 Posts: 27

closed positions by 5855

profit: 11pts

Reasons for close: so far we have observed rbi result is full of surprises and unexpected decisions so lets stay out of market.