Hello. Its been a while since i have been active here. I am still trading commodities and for a while had kept off trading and back to the drawing board to make some minor adjustments. What i realized during this time was that my schedule , routine and certain habits had become a barrier for me. Also i have diversified my trading assets and have started trading in the Stock and Options market. So now i trade 4 commodities , stocks and options. This gives me a lot of flexibility and peace of mind. Will try to update this journal frequently.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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Today one of my setups has triggered which i had designed recently. Since it has not been tested i will just track it this time without putting money on the line. If the test goes as planned then henceforth each time this setup comes i shall trade it in real time.
The asset is Nifty 29th Nov 5700 PE (Positional Trade) - Entry Price 127
SL - One of three conditions.
1. Color Change Of Pressure
2. Decline In Momentum
3. Price Touches Below 80.1 (Low of Prior Day)