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.
Nifty gapped opened.
SBI was having a breakout hence traded.
Bought 100 SBI for swing trading.
Nifty was down and then traded side way
Made loss today, Should have shorted stocks.
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.
Purchased this for swing trading, will send in 3-4 days.
Went long but it hit my stop loss
Went long but it hit my stop loss
Purchases Glenmark for swing trading. Will sell in 2-5 days.
Nifty was +ve throughout.
Thought its an flag but it was false flag. Hit my stop loss
Purchased this as part of swing trading, Will sell in couple of days
Made some profit in this.
Hit my stop loss.
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
Overall Had loosing trade
Four of it hit stop loss.
Nifty was positive till afternoon after that it came down and as a result majority of the stocks along with it.
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)
Castrol(Hit Stop loss and then recovered, my bad)
Hindalco(Hit Stop Loss)
PNB(Hit Stop Loss)
Today all the trade was profitable. I booked profit before reaching target as Market was dicy.
Today also Nifty was range bound.
This had flag pattern in daily chart hence traded for Intraday.
5 Minute chart
This was consolidating for very long time, Though didn’t breakout properly but booked profit in earlier breakout.
This was consolidating and booked profit in the breakout.
This was having a cup and handle pattern and after that was consolidating for very long time hence booked profit in the breakout.
Currently doing only small amount so to avoid the losses and learn propertly different strategies
Nifty was very dicy. It seemed to be moving in range.
5 Minute Charts.
Booked profit earlier as it was going up and down multiple times
Hit Stop loss
Booked profit earlier
25 quantities of ONGC, OIL for short term of 1 to 2 weeks
Has a cup formation and is already in a visited supply zone, Could breakout after this.
Is consolidating, Could breakout towards up because downtrend was broken earlier.
Is in the visited supply zone also broken the trend earlier and is in uptrend currently, Could break out from the current resistence.
Making a cup and ahndle pattern, could breakout towards up anytime soon
Sauser and Handle, potentially very high uptrend but gradually moving. Currently is in weak supply zone.