Augubhai's notes - Smarts, Guts and Luck

[augubhai]

5800ce - long at 68.23, sl 66.75

 

[augubhai]

5800ce - long at 68.23, sl 66.75

out 66.91. mtm +4.1%

 

[augubhai]

5800pe - long at 75.82, sl 74.15

 

[augubhai]

5800pe - long at 75.82, sl 74.15

out 74.2

now long 5800ce at 75.95, sl 73.5

 

[augubhai]

out 74.2

now long 5800ce at 75.95, sl 73.5

i m getting confused about my own posts... to many trades.

anyway, the last position is long 5800pe from 75.95, not ce as mentioned in the earlier post, exit at 73.32

then long again pe....

so confusing, not posting....

thinking of moving to 5 minute charts..

 

[augubhai]

overtraded and final mtm +1.93%

after brokerage and costs not impressive at all

learnings:
1. on good moves, i entered with lower qty. on bad moves that whipped immediately, i had higher positions. it might make sense to have a constant risk on all trades

2. overtraded. maybe i should move to a higher timeframe...

3. adds were way better than usual. I added on dips with close sl. so the adds could not impact much results negatively, but if the trend continued i gained big

4. tried to trail sl fast when in a good move. unlike the other days of this week, whenever i got a move in my direction, i exited in profit

 

[augubhai]

first trade - booked small profit (no gain trade)

5800ce - long 79.25, exit 80.34

mtm +0.26%

 

[augubhai]

looking at only longs now, though this looks like a point to go short.... lesson from yesterday, stay with trend

 

[augubhai]

open orders on both sides at day high and low... small qty

 

[augubhai]

5800ce - long from 84, add 84.55, sl 81.5