TradeBlog

Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was mostly trending up. Still could not get any money out of the market. Today again I lost another 800 bucks in trade.  MARKET OVERALL TODAY: Choosing the money to invest: In the money. OPTIONS: First Lot: 12 point profit.  BANKNIFTY 36500 CE Bought at 141 and sold at 153. Made some profit here. This was within one 5 min candle only so I was able to make some profit. Which was best I could have got from this trade as after I got out price went down for a while. Learning:  No strategy but still got out within the 5 min candle and made some profit of 300. Second Lot: 51 point loss.  BANKNIFTY  36700 PE Entered from PE seeing the market going down and lost a lot in this trade. Entered at 126 and was out at 75. Which was partially a good decision as after that this PE kept going down. Learning:  Get out at SL. Third Lot: 13 point profit.  BANKNIFTY 36700 PE Choosing the same PE again got some money out of this but not what was ex

Today's Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was trending up for fist hour, then it was almost trending down. Today I lost another 1000 bucks in trade. It is somewhat tiring but still have to see where I am missing out and others are catching up. MARKET OVERALL TODAY: Choosing the money to invest: Tried to keep it In the money but due to less fund had to go way out of the money so that I can afford the trade. OPTIONS: First Lot: 3 point profit.  BANKNIFTY 36900 CE Bought at 157 and sold at 160 with a minimal profit of 60 rs as market was not stable and fear of loosing money got me out within 4 min. Learning:  No strategy, only feelings. Second Lot: 24 point loss.  BANKNIFTY  36500 PE Entered into PE as soon as I was out of CE. Entered at 138 and got out as SL was hit at 114. Lost 600 bucks. Learning:  Have too work on my strategy. Third Lot: 6 point profit.  BANKNIFTY 36600 PE Choosing PE again as market was falling, got in at 114 and was out at 120. Learning

My Another Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was almost flat. Market was very volatile. Still got some good opportunity but could not convert it to money. Today I lost another 1000 bucks in trade. It is somewhat tiring but still have to see where I am missing out and others are catching up. MARKET OVERALL TODAY: Choosing the money to invest: Tried to keep it In the money but due to less fund had to go way out of the money so that I can afford the trade. OPTIONS: First Lot: 22 point loss.  BANKNIFTY 36500 CE Bought at 187 and sold at 165 as it hit my SL in first minute only after buying the trade so had to exit though market went way high after my exit. But anyhow this was a bad choice as I should not have entered here. Learning: Entering just because feeling the stock will go high. Nothing was in my head . no strategy nothing. Second Lot: 4 point profit.  BANKNIFTY  36500 CE Again entered the market with the same CE seeing a rise in the stock, was just a littl

 Hanging Man:  1. It should be uptrend. 2. Length of stick is higher than body ( at least 2 times) 3. This is a BEARISH reversal, irrespective of color of the candle. 4. Market should open gap down. Morning Star:  This is a sign of uptrend bullish reversal pattern. Hammer: Bullish candle  Shooting Star: Bearish candle.  Doji : Neutral candle  Swing Trade: 2-10 days 1. Time frame : 1 Day 2. Stock selection on weekend. -> Choose only rising 44 SMA stocks 3. Entry : Green candle near 44 moving average. 4. Stop Loss : Lower of two candle  How to trade: Quantity : Total Risk you can take / ( Difference of Entry and SL ) Target : Entry + ( Difference of Entry and SL ) * 2 Phases in treading: 1. Trended : 9:15 - 11:00 2. Sideways: 11:00 - 2:00 3. Trended: 2:00 - 3:30 BankNifty - Option strategy by Ghanshyam Yadav sir. For Red: Buy 1. Find one big candle ( bigger than last 20-25 candles) 2. Next candle should close above the low of big candle. 3. Trade if next candle breaks the low of big

My First Passed Trade in BANKNIFTY(Options) after three consecutive fail. Details: Today BANKNIFTY was too bullish today with some consolidation in between. This was an effect of global market which was bullish on Friday due to Fed news of not increasing lending rates. Today I made my first profit trade after three failed trade. Though I could have made much more money seeing the potential of the market today, I chose to be out of the market after a profit of around 800. Did follow my rule today (of not taking too many trades but still I took 5 trade today and most of it was profitable). I had less capital in my Angel account today so had to choose trades way out of the money. MARKET OVERALL TODAY: Choosing the money to invest: Tried to keep it In the money but due to less fund had to go way out of the money so that I can afford the trade. OPTIONS: First Lot: 1 point profit.  BANKNIFTY 35500 PE Bought at 149 and sold at 150 as there was not much rise in this stock and I was already lat

Lets dive dip and analyze our trade for the whole week and see where we stand by end of this week. Education: 1. Started with 20,50,100 SMA: This is average of 20, 50 and 100 days simple moving average of price of that stock. As per my learning if a stock is in sequence of 20, 50, 100 and price then we should buy the stock and as soon as the stock sequence becomes price, 100, 50, 20 we should sell the stock. 2. Bollinger band: Best for trades in a volatile market. What it says is if a stock is getting consolidated between upper band, 20 SMA and lower band. It will break out to any one band for atleast 3 to 5 time. We can buy at breaking point of bollinger band and sell after 3 to 5 candle.  3. Price action: Price at which stocks either resist or take support. We should always trade accordingly. Pivot indicator can be used for such analysis. 4. RSI: Relative Strength Index. This is a momentum indicator in the market. Mostly I have seen this analysis failing but let me put my learnin