Another major issue that I faced repeatedly during my 1st challenge was the boredom during live market and the lack of focus which was coming from boredom. These two things combined costed me quite a bit.. many times I missed good juicy trade setups as I was not fully active, and many times I took trades without confirming the HTF price action, (plain lazy)..
This time I am going with only 3 symbols. So I wish I will face those two little monkeys more often for next 5 months.. And to tackle them
The plan is to make the most of the money which lies in my trading account for this 5 months. The margin requirement for intraday trading will be max by 1L to 1.2L. That means the rest 2L (approx) is going to sit idle. So the plan is to put them in stocks with good positional uptrend with a time horizon of 1 to 3 months. I am going with NIFTY 200 cash which includes top 100 large cap and top 100 mid cap companies. From time to time whenever I will take position in any of those companies I will post about those trades here also. As my final target is going to include gain from intraday as well as positional trades.
This time I am going with only 3 symbols. So I wish I will face those two little monkeys more often for next 5 months.. And to tackle them
- I am going to trade the 1m trend where trend/range developments are faster as compare to 5min
- In every 15/30min I will note down my market structure, and expected trade setups here in the diary. This will keep me active plus it will also help to evaluate later on how my mind was seeing charts in real time..
The plan is to make the most of the money which lies in my trading account for this 5 months. The margin requirement for intraday trading will be max by 1L to 1.2L. That means the rest 2L (approx) is going to sit idle. So the plan is to put them in stocks with good positional uptrend with a time horizon of 1 to 3 months. I am going with NIFTY 200 cash which includes top 100 large cap and top 100 mid cap companies. From time to time whenever I will take position in any of those companies I will post about those trades here also. As my final target is going to include gain from intraday as well as positional trades.