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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.

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7 comments:

  1. Arvind14/12/16 4:16 PM


    Where was your stop for the second trade?

    Thanks

    ReplyDelete
    Replies
    1. RPKN15/12/16 10:06 AM

      Arvind kumar, I kept it above High of the day.

      Delete
  2. Anonymous14/12/16 5:24 PM

    Thanks for update ....Well said ..point number three seems easy but tough to make in practice

    ReplyDelete
    Replies
    1. RPKN15/12/16 10:20 AM

      Exactly, That's where the importance of the more screen time comes into the picture. I always compare this process with learning driving, which also needs lot of practice.

      Delete
  3. amber14/12/16 5:49 PM

    Kindly update how u take the trade was against the trend,thnx

    ReplyDelete
    Replies
    1. RPKN15/12/16 10:34 AM

      Amber, From opening the price was trading towards down. two times price were trying to go up, but failed. it not even go near to day open. considering this the trend was bearish. This was my perception at that time. So the first long trade was against the trend.

      Delete
    2. amber15/12/16 3:12 PM

      thnx

      Delete


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