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T For Trading
Started: by devdas Views / Replies:56,093 / 1,132
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T For Trading

  #411 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
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Premise was still valid...but i realized that first long was gotta poor location.
Will hold this with initial stop of 5732...with passive trailing and target around 5768

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  #412 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

09-Oct-2012 : A dramatic small profitable day. This day was most tough to me...my confidence gone from peak to trough through series of developments. I was confident of first long to be success, but it failed via stop. With second long i was even more confidence - i thought this one had better location than first - a good reason of failure of first after the fact. I had almost taken its success for granted and moved off from screen for some time. But it shattered my confidence soon. I was discarding the potential theme behind first long failure and second going the same way. I virtually cried myself "why" its not working.

There is a psychological barrier for second and subsequent trades if any in my trading. After first trade i had always considered next everything as over trading. For long i have been trading just one trade per day. Though this has gone much for second but third trade is still seems over trading me.

I could see how theme of day has already been misinterpreted by me and move below VWAP was just stratup for correct one. But i already lost my confidence and energy. Echoes of "Sell on Rise" in this scenario seemed laughing on me - how foolish i seemed to be bought near day's high/ yday VAH / Supply level. I just wanted to BE the day, and it needed a very tough push from me to sell and cover loss.


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Most days develop on one or two themes as i view the day. And each theme incorporate ideally one perfect trade. Its not feasible to get one wrong trade in a theme and get one right. This way it can only Break Even. Below is the TPO diagram where i marked three themes of today. I was betting on 1 ( Low probability , High risk ) gone late on 2 ( High probability , Low risk ) and in the latter half 3rd also appeared ( Low probability , Low risk ).


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  #413 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received


Taken opening short @ 5697.
targeting 5680.

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  #414 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

Response to the down opening was very violent...i didnt expected so fast...but now i have choice of stop @5709.

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  #415 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

Futures Edge on FIO

Which products do you trade?

 
Now i see no choice then aggressively managing stop for this trade...@ 5704.

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Nest The Market
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  #416 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

Feel this is not the only trade...exited @ 5699.

Harvest The Moon
Nest The Market
Attached Thumbnails
T For Trading-nifty_i-3-min-10_10_2012.png  
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  #417 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

Negative delta again built-up...but its holding 5696... contrarian bullish sign....or either just burst down.

Harvest The Moon
Nest The Market
Attached Thumbnails
T For Trading-nifty_i-15-min-10_10_2012.png  
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  #418 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
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Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

Ok gone long @5698. Last trade of day...in midst of opening response.

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  #419 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received

Now it should not return to 5691...if it does...then very true...not a good trade. Holding with initial stop 5691.

Harvest The Moon
Nest The Market
Attached Thumbnails
T For Trading-nifty_i-3-min-10_10_2012.png  
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  #420 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: RKG
Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,544 since Feb 2010
Thanks: 1,426 given, 1,640 received


stopped out @ 5691.

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Nest The Market
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