took multiple trades went from 1300 profit to 3000 loss stupid me. yeah I could see me taking stupid trade just to close the day in green. I need to learn to risk only 1000 per day and if it’s gone then just close
I need to learn to trail profit well and learn to automate this. Be very systematic. Oh yeah I am backtesting in python now. so cool right. see ya tomorrow.
Profit sharing 🙂
5% of weekly profits will be donated to church for Sunday mass
10% of weekly profited will be moved to a count for charity purposes!! from this week onwards will calculate the weekly profits and update on every Saturday
well I traded again today and here is what happened
lost all the gains and more profits from last week. I regret not putting that 500rs in church yesterday. but yeah. I broke the rules, I took stupid trades, I would say this is the best day.
I re-entered multiple times last week and it was profitable. So I was overconfident
Max risk per scrip – 900 rs position size similarly
Take only 3 trades per day!
Narrow sl trades work best for me and wide trailing SL to ride it fully
no need to take trades if there is no opportunity
I should have shorted Bajaj finance but the since I made profit multiple times on buyside. I just went with bayside hoping it would reverse
and it kept falling and falling….. 🙁
I take lot of risk on my stupid trades and take very little risk on the Entropy nexus trades and miss out on all the gains!
I should focus on index trades too and the direction of index is helpful in intraday stock trades. I would say stock trades is like kkpp
And I feel so stupid and low. I need to learn CFA too