TradeBlog

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

My Third Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was bullish and in a zig-zag  form. So was everything else in the market, which was opposite of US and EU market which closed in negative last night. Today I made my third loss of around 800. Made same mistakes as yesterday. Being over ambitious and not following my own rules is making me these losses every day. After three consecutive loss I have decided not to trade for a while now until I have some more knowledge of the market. Thinking of taking a free course from YouTube about basics of share market, will keep you posted.  After being positive for around 300 in my second trade I had to go back and trade to increase my profit which costed me money.  MARKET OVERALL TODAY: Choosing the money to invest: In the money for first trade then went to out of the money to recover the loss. It worked for me in my second trade, but eventually costed me in the end. OPTIONS: First Lot: 16 point loss.  BANKNIFTY 35500 PE Bought a

My Second Failed Trade in BANKNIFTY(Options) Details: Today BANKNIFTY was bullish except for closing part where it went slightly down. So was everything else in the market, seeing the response from global market. US was positive and EU was slightly negative. Today I made my second loss of around 800. Made same mistakes as yesterday. After being positive for a 1000 bucks I went back and traded making me cost 800 buck. Also today I tried other trades as well, was just experimenting with the cash trades. It did not turn well to me. So I will stick to BANKNIFTY from now on. MARKET OVERALL TODAY: Choosing the money to invest: In the money. CASH TRADE: Never to go due to very less margin and trade flow. Seeing the dip in  TORNTPOWER,  RAMCOCEM and  VEDL.  Sold 20 lots of  each making a profit of 5 rs in VEDL and loss of 263 and 100 in RAMCOCEM and TORNTPOWER respectively. OPTIONS: First Lot: 30 point gain.  BANKNIFTY 35700 CE Bought at 91 sold at 122 making a profit of 750. I should have bee

My First Failed Trade in BANKNIFTY(Options) Details: Made a lot of mistakes today. Let's point each out: 1. Buying a lot of trade 2. Trying to recover from previous loss 3. Half knowledge full implementation 4. Focusing on a lot of trades After a good opening BANKNIFTY became bearish. I tried applying SRI today but it did not workout for me well and lost around 2400 bucks to the market.  Attaching contract note for reference: Total brokerage alone was 360 bucks and others 200. Total loss was around 3K. :( Choosing the money to invest: Money choosing strategy is still the same. IN THE MONEY. First Lot: 65 point loss.  BANKNIFTY 35900 PE I started early today as Market seems bearish, but It went at a high for a while and I was wrong as this was exact what market wanted me to do, think of it as bearish and invest money. As soon as I was in it started falling. I bought it for 315 and had to exit at 250 Second Lot: 33 point profit.  BANKNIFTY 35900 PE Seeing the bearishness again I ente