My Day Trading Dairy.

[jagankris]

all trades closed. Today in loss.

http://imgur.com/a/JRB4Z

Some times you take very wide ORB which IMO is bit risky.

 

[imfine]

Some times you take very wide ORB which IMO is bit risky.

Yes its very wide but the trade was as per my rule. In past my wide ranges met the target.
(I had mentioned it before like of jublifood, tatasteel, icicibank.)
I can sqaure off it early but i let the zerodha do it for me and i accept the loss.

 

[timepass]

Yes its very wide but the trade was as per my rule. In past my wide ranges met the target.
(I had mentioned it before like of jublifood, tatasteel, icicibank.)
I can sqaure off it early but i let the zerodha do it for me and i accept the loss.

When zerodha does it for you, you also pay call-n-trade charges, right ? (for auto-square off)

 

[imfine]

Looks like a big trade in Motherson Sumi. What was your quantity and stoploss ?

I planned to increase qty by 50 whenever i double the capital so the qty was 200 and sl was low of the day i.e rs 8.10

 

[imfine]

When zerodha does it for you, you also pay call-n-trade charges, right ? (for auto-square off)

Yes approx rs 25.00 but this is for first time i leave it for them to square off.

 

[jagankris]

Yes its very wide but the trade was as per my rule. In past my wide ranges met the target.
(I had mentioned it before like of jublifood, tatasteel, icicibank.)
I can sqaure off it early but i let the zerodha do it for me and i accept the loss.

Today you took three trades but I guess your position sizing is 200 equally in all 3 trades but trading size is not based on risk.Is that acceptable for you ?

 

[imfine]

Today you took three trades but I guess your position sizing is 200 equally in all 3 trades but trading size is not based on risk.Is that acceptable for you ?

Actually I had started with 5k and almost in every day trade i was aggressive in putting trade. I keep the rules standard in respect of qty, target and SL. During these 17 days my SL hit for 3 times and few times neither my SL hit nor the target so i have to close position in between and most of the time the trade hits the target.

You highlighted a valid point on which i'll tweak the QTY where range will be high perhaps half the standard qty.

Do you have any suggestion on this ?

 

[timepass]

Actually I had started with 5k and almost in every day trade i was aggressive in putting trade. I keep the rules standard in respect of qty, target and SL. During these 17 days my SL hit for 3 times and few times neither my SL hit nor the target so i have to close position in between and most of the time the trade hits the target.

You highlighted a valid point on which i'll tweak the QTY where range will be high perhaps half the standard qty.

Do you have any suggestion on this ?

Alternatively, you could tweak the SL and target. Maybe SL as a factor of ATR (0.5 x ATR etc.)

 

[bhushanc]

@imfine Stick to what you are doing. Do not change or tweak it. Believe me you are doing well and I enjoy reading your posts. Not my money, but I feel nice!

 

[jagankris]

Actually I had started with 5k and almost in every day trade i was aggressive in putting trade. I keep the rules standard in respect of qty, target and SL. During these 17 days my SL hit for 3 times and few times neither my SL hit nor the target so i have to close position in between and most of the time the trade hits the target.

You highlighted a valid point on which i'll tweak the QTY where range will be high perhaps half the standard qty.

Do you have any suggestion on this ?

Define Max risk per day.Say not risk more than 10% of total capital per day.
Define Max risk per Trade.Not risk more than 3% of total capital per trade.
Based on your risk rules decide the QTY than having standard QTY trade size.