- This is documentation of everything related to my trading.
- Simplified version all trading concepts and strategies that I am following.
- I will be updating this document regularly with my learnings and mistakes.
- Buying stocks which are up 4-6% from EMA10, I need to buy when it's within 0-3% range. example: Likhita,olaelectra
- Basically i am buying after breakout, I should buy before breakout with low risk, If you don't have enough margin at day end exit and try again next day otherwise hold. example : likhita
- Buying too early in morning, wait for 5-10 min to gauge where market and stock is going, If possible buy on 5min base breakout : likhita, nova
- Giving too much room to stock thinking i am taking positional trade, Don't do this it's not working out for you it's giving high drawdown when market is weak, best solution is to just stick to swing trading don't try two separate system. example:
- Selling too early,wait for stock to do some violation before selling, if you feel that it's extended then again wait for next day morning to sell and trail with 5 min chart
- Be more Agressive in selling when market index is weak, in 50-55 range because below 50 it's going to be very weak to book profits