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Journal of a Nifty Day Trader
Started:January 8th, 2012 (12:43 AM) by psb1967 Views / Replies:3,043 / 11
Last Reply:February 7th, 2014 (08:22 AM) Attachments:16

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Journal of a Nifty Day Trader

Old August 6th, 2012, 05:59 AM   #11 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: Ninjatrader
yroyal's Avatar
Posts: 66 since Jun 2009
Thanks: 14 given, 32 received

Can you tell which DataFeed you are using for NSE ?

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Old February 7th, 2014, 08:22 AM   #12 (permalink)
Membership Temporarily Revoked
Mumbai India
Futures Experience: Master
Platform: Propietary
Favorite Futures: Crude Oil
Posts: 5 since Feb 2014
Thanks: 0 given, 1 received

psb1967 View Post
After 10th, today only I started trading again. Had to stop trading for couple of days due to persistent headache; was content enough to just watch.

Today did 3 trades. The first one despite getting 12 ticks within couple of min., was adamantly waiting for 20 ticks and at the end had to close it with just brokerage loss.

Although 2nd and 3rd were good ones I was not entirely satisfied because I am yet to overcome scalping mentality and have to work hard to run the position to achieve at least 20 ticks per trade so that I score more than my break-even level of 6 ticks.

What is the hit rate and risk to reward ratio on this system ?
Looks good

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