Featured

How I started Trading

Image result

 

For past 10 years I’ve been following stock market but was never able to make money and lost heavily. All the stock market investment was pure investment and was never intraday or swing or short term. I used to listen to tips or would emotionally buy stocks based on some stock sites and we all know when stocks are promoted that’s when it would get high buy rate normally. Overall I can say for past 9 years I’m at breakeven for losses and profit. Now for past 1 year I’m trying to concentrate on trading but was never successful in this. I had bookish knowledge but applying was always difficult because I was never in control of my Trading Psychology . Hence I decided to start blogging about my learning and stock trading for next day. As its written by Gurus, “Plan Your Trade, Trade Your Plan”. Hence the starting of this blog.

 

Trade done 20 Sept 2016

 

Nifty was down and then traded side way

 

image

 

Made loss today, Should have shorted stocks.

image

 

Castrol India

This stock gained almost 8%, so went long, initially booked profit but then I became greedy and tried to chase it for more profit and lost all the profit and made loss. Learned to stick to the plan.

image

 

Granules

Purchased this for swing trading, will send in 3-4 days.

image

 

ONGC

Went long but it hit my stop loss

 

image

 

VEDL

Went long but it hit my stop loss

image

 

Purchases Glenmark for swing trading. Will sell in 2-5 days.

Trading Done 19-Sept-2016

 

 

image

 

Nifty

Nifty was +ve throughout.

image

 

DishTV

Thought its an flag but it was false flag. Hit my stop loss

 

image

 

FDC

Purchased this as part of swing trading, Will sell in couple of days

image

 

Relcapital

Made some profit in this.

image

 

TV18

Hit my stop loss.

image

 

TVSMotor

It was range bound, I should have booked profit earlier, which I didn’t do hence had to sell before it hit my stop loss

image

Trades Done 16–Sept – 2016

Overall Had loosing trade

 

Four of it hit stop loss.

 

image

 

NIfty

Nifty was positive till afternoon after that it came down and as a result majority of the stocks along with it.

image

 

Strategy I used was, Since Nifty was coming down and there was probability that it will hit the support and go up hence I thought I would buy these below mentioned stock at its support.

BHEL(Hit Stop Loss)

image

 

Castrol(Hit Stop loss and then recovered, my bad)

image

 

Hindalco(Hit Stop Loss)

image

 

IRB(Got profit)

image

 

PNB(Hit Stop Loss)

image

Trade Done 15 -Sept- 2016

Today all the trade was profitable. I booked profit before reaching target as Market was dicy.

 

image

 

Nifty

Today also Nifty was range bound.

image

BHEL

This had flag pattern in daily chart hence traded for Intraday.

image

5 Minute chart

image

 

Indiacement

This was consolidating for very long time, Though didn’t breakout properly but booked profit in earlier breakout.

image

 

PNB

This was consolidating and booked profit in the breakout.

image

 

Voltas

This was having a cup and handle pattern and after that was consolidating for very long time hence booked profit in the breakout.

image

Trading done on 14-Sept-2016

Currently doing only small amount so to avoid the losses and learn propertly different strategies

image

 

Nifty

 

Nifty was very dicy. It seemed to be moving in range.

image

 

5 Minute Charts.

Allahabad Bank

Booked profit earlier as it was going up and down multiple times

image

 

Apollo tyres

Hit Stop loss

image

 

JK Tyres

Booked profit earlier

 

image

 

Also Bought

25 quantities of ONGC, OIL  for short term of 1 to 2 weeks

 

Daily Chart

ONgC

image

 

OIL

image

Stock To Trade 14–Sept – 2016

 

Dishman

Has a cup formation and is already in a visited supply zone, Could breakout after this.

image

 

 

Thomascook

Is consolidating, Could breakout towards up because downtrend was broken earlier.

image

 

Oil

Is in the visited supply zone also broken the trend earlier and is in uptrend currently, Could break out from the current resistence.

image

 

Colpal

 

Making a cup and ahndle pattern, could breakout towards up anytime soon

image

 

OnGC

Sauser and Handle, potentially very high uptrend but gradually moving. Currently is in weak supply zone.

image