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30 December 2016

30-12-16

  • Took 1 trade and scratched.
  • Market was in narrow range for most of the day.
  • Because of the momentum thought it will break the BRN. But failed
  • Today is the last trading day of 2016. 
  • Wishing you a very happy 2017. Let the divine grace, make the 2017 very successful for you.

29 December 2016

29-12-16

  • Took 4 trades 2 SL & 2 profit
  • Day started with a emotional trade which obviously failed.
  • Traded the formed range. Failed to understand the end of the range, where it was failed to reach the RL.
  • Because of this misunderstanding missed the last move.

26 December 2016

26-12-16

  • Took 1 trade with profit. 
  • But exited early. 
  • Missed the last BOF of range high.

22 December 2016

22-12-16

  • Took 1 trade and scratched
  • I was expecting the market to bounce back. But failed.
  • I realized that I am having the tendency of expecting the market to behave as I wanted, instead of responding to what market offers. Need to be open minded..

20 December 2016

20-12-16

  • 1 trade with SL
  • Able to identify the correct location to initiate the trade. But due to wrong SL placement booked loss.
  • Instead of keeping the SL above the pivot, kept just above PDC. Missed big move because of this mistake. Need to be very careful.

15 December 2016

15-12-16

  • 3 Trades. 1 SL hit and 2 Profit.
  • In first trade, able to grasp the context of the market but failed to identify suitable location. Also the SL position was wrong. It could have been high of the day. Yesterday only, made this mistake. Being impatient..
  • In 3rd trade exited the position early, could have been managed better way.
  • Tomorrow and Monday no trades. Again on Tuesday.

14 December 2016

14-12-16

  • Took 2 trades, with profits
  • Took the first trade against the trend, thought that it will move till range high. Because of this missed a good setup which was BOF of range high.
  • Last trade gave good move. 
  • I have to improve my patience. The urge to trade or greed of missing good move should be reduced. Because of this impatience, Took the first trade which was not proper trade.

12 December 2016

12-12-16

  • Took 1 easy trade
  • Today is a trending day, noticed lately. 
  • I was thinking of initiating the trade 2 times but due to hesitation, not initiated.
  • Finally initiated at the very clear level. This is where the screen time helps. More screen time will lead us to enter into the trade without hesitation. Screen time is building up slowly...

08 December 2016

08-12-16

  • 3 Trades. 1 scratched and 2 SL hit
  • Made some mistakes today. Failed to update my views on the market. 
  • As market reached the resistance area, I was expecting the market will go down. But that was not happened. But I have not updated myself, based on that. Other wise I could have avoided the last trade. 
  • Trade management was not proper. I could have scratched the trade instead of  letting the trade till SL.
  • Getting seasoned.

07 December 2016

07-12-16

  • Took one trade and gave very good profit..
  • It was a very risky trade, Got feared about the kind of jump which market made.
  • Entire media was positive on rate cut and market was positive from morning. I was looking for a long trade above PDH. But after breaking PDH it failed to sustain there. Got confused but entered short @ BOF with respect to price action, Which proved right.

06 December 2016

06-12-16

  • Took two trade, 1 scratched and 1 yielded some gain.
  • Most of the time market traded between PDH and BRN
  • First trade, tried the BOF of RH, but not moved as expected, scratched..
  • Then the second trade with BOF of BRN, Which moved nicely.. But the problem is trade management.. In both trade I exited early.. Need to establish patience.

02 December 2016

02-12-16

  • Took 3 trades. 2 SL hit and third with good profit
  • Even though day ended with good profit, not satisfied with trade selection
  • As discussed in the previous post (post) both setup and understanding the context of market are equally important.
  • Today understood the market context but failed in identifying the correct setup for twice and punished with SL hit. Because of confidence of what market is doing, failed to give importance for setup.. Need to improve.

01 December 2016

01-12-16

  • 2 trades one with some gain and another with loss.
  • First trade I could have waited till the Swing low break, before exit. Thought the RH is reached already.
  • In Second trade, I failed to update my overview of the market. I thought that range was continuing. But it was not so. I could have watched the volume while breaking.