Augubhai's notes - Smarts, Guts and Luck

[augubhai]

MTM currently -0.92% of capital. Came back up from -2.04% of capital.

Took a huge risk to bring it back to that level. Normally, I stay with trend and avoid bottom fishing. But today 6000CE touched 36.55 and came back up, I bought huge lots at 40 and added at 45 (additional adds at 49 did not trigger), hoping that it would go to 55. Exited at 45.

Been thoroughly stupid today....

 

[augubhai]

Gambled again - just after 3:00

Bought 6000CE at 40 and lost.

Final MTM -1.57% of capital

 

[augubhai]

Tried to keep myself out in the morning, but could not avoid completely (kele ka chilka habit). Ran down MTM to -0.34%.

Then caught the downmove that started at 12:30. Current MTM +0.45%.

Currently, no position, but will rerenter if ti breaks Day's Low.

I am trading OTM options today.

 

[augubhai]

My plan remains the same. To enter on break of lows, or to sit out.

Entered and exited at small loss 2 more times on break of lows.

Current MTM +0.19% of capital.

 

[augubhai]

6000PE driving me nuts. Entered it on break of lows 2 more times, and again exited at small losses. Why can't price move straight up or down?

MTM -0.05% of capital

 

[akhill]

6000PE driving me nuts. Entered it on break of lows 2 more times, and again exited at small losses. Why can't price move straight up or down?

MTM -0.05% of capital

If price moves straight up or down, every trader will make money right ??:lol::lol: so it wont.. :rofl::rofl:

 

[onlinegtrash]

6000PE driving me nuts. Entered it on break of lows 2 more times, and again exited at small losses. Why can't price move straight up or down?

MTM -0.05% of capital

Price actually moved straight down, you should see the price band instead of price, alone.

Today price moved down within a nice price band. You should be shorting at top of band and exiting at bottom of band for scalping, or stayed with band to catch a big swing!

you did the opposite

 

[augubhai]

I just casually scanned at the 1 min and 5 min charts with 3, 13 and 34 EMA, and kept wondering how I could lose at all. It looks so easy - maybe its just my imagination, but I think it is easy to make regular profit from markets with simple indicators.

Probably, it just my imagination, and I am trying to hit sixers, not singles. So no plans to trade off EMA's today.

 

[augubhai]

I am in the ride down. Slow move. SL still not moved to breakeven.

I am playing just ITM options today. Long 6100PE at 108.11. Current SL 107.15.

 

[augubhai]

I am in the ride down. Slow move. SL still not moved to breakeven.

I am playing just ITM options today. Long 6100PE at 108.11. Current SL 107.15.

out of this move. 2x add at 112.14, and exit at 110.33.

MTM -0.12% of capital.

For the next trades, will only add 1x.