Showing posts with label TATASTEEL. Show all posts
Showing posts with label TATASTEEL. Show all posts

Wednesday, April 25, 2018

Unlucky when I get a fill, unlucky when I don't get a fill

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This is a delayed report on yesterday's trade.

Went with wide mechanical Stop Losses, and that help in avoiding potentially dangerous whipsaws. But it was an unlucky day. For the first trade, I got entry at the highest tick and then the price kept going down. The exit of the second trade was to be a Stop and Reverse to Long, but I got the fill only for the exit, and not for the reversal order. And then the price went up.

So 2 times unlucky...


Day Trading Price Action Chart
Day Trading Price Action Chart



Day Trading Price Action Chart
Day Trading Price Action Chart










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Monday, April 23, 2018

Disastrous Trading

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Today was a disastrous trading day.

Thinking of doing the following now:
  1. Make this trading style Mechanical to extent possible, though this is still WIP.
  2. Wait more patiently for entries.
  3. Don't think about reducing the Initial Stop Loss.
  4. Stop trading if the Mark-to-Market is positive when a trade closes.

Day Trading Price Action ICICIBANK
Day Trading Price Action ICICIBANK



Day Trading Price Action TATASTEEL
Day Trading Price Action TATASTEEL



Day Trading Price Action YESBANK
Day Trading Price Action YESBANK













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Tuesday, April 10, 2018

Bad trading day

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Started of the day well, but getting a bit aggressive with TATASTEEL cost me a very good day. If I had learnt the lesson about not trailing aggressively during periods of high momentum/volume/volatility, I would have been a happier person.


Day Trading Price Action ICICIBANK
Day Trading Price Action ICICIBANK


Day Trading Price Action TATAMOTORS
Day Trading Price Action TATAMOTORS


Day Trading Price Action TATASTEEL
Day Trading Price Action TATASTEEL








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Monday, April 9, 2018

Rolodex Trading

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I am not used to trading Stock Futures. Over the years, I have been focused on on trading NIFTY Futures and Options. Rarely, do I trade Stocks or Commodities.

Today, I did not even once check the Nifty Chart. I had my watchlist of Stock Futures. I wanted to focus only on one scrip at a time. So, it turned out to be a kind of rolodex, where I traded each Stock Future in turn.

JUBLFOOD (Jubilant Foodworks)


Was in a bit of a hurry to get on with today's trades. Bad decision (in hindsight). After a whipsaw, managed to pull in some profit with my 4th trade. Then, I thought that Jindal Steel was interesting and shifted focus.


Day Trading Price Action JUBLFOOD
Day Trading Price Action JUBLFOOD



TATASTEEL (Tata Steel)


There was a mismatch between the price in my data feed and the price on my trading terminal. In the confusion, I had to let go a short that was probably a good opportunity. I did not chase that short and shifted back to Jubilant Foods.


Day Trading Price Action TATASTEEL
Day Trading Price Action TATASTEEL



JINDALSTEL (Jindal Steel & Power)


There was this news about increased steel production and sales by Jindal Steel. I thought that the news was bullish. But when the stock did not react, I was tempted to go short.


Day Trading Price Action JINDALSTEL
Day Trading Price Action JINDALSTEL



ICICIBANK (ICICI Bank)


Caught a very small part of the breakout.


Day Trading Price Action ICICIBANK
Day Trading Price Action ICICIBANK



SBIN (State Bank Of India)


This one gave me a grand whipsaw, and I could not recover from it.


Day Trading Price Action SBIN
Day Trading Price Action SBIN







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