Friday, December 29, 2017

Break from Trading & Blogging !!!




I am taking a 15 days BREAK from Trading and Blogging as well.

Reason : 

After analyzing trades in 2017, what i realized is.. when ever i try to scale up.. emotions creeping in & i am unable to play freely the way i have traded earlier with ease. Also i didnt handle congested narrow range days well.

Over all i am satisfied with gains, but need to achieve better consistency and systematic way to identify signals, give weightage according to quality of setup and then managing trade well.

Going to experiment some Trend Following Intraday strategies using Amibroker & come up with a system that suits my psychology and style during this period.

DP Method had played key role in turning me as profitable trader... its time to move ahead & become a Systematic Trader now.. Aim is to eliminate emotions and trade system like a GAME.




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16 comments:

  1. Basha S MDecember 29, 2017 at 7:22 PM

    All the best Rose

    ReplyDelete
  2. veerDecember 29, 2017 at 8:24 PM

    My Best Wishes to you

    Regards,

    Veer

    ReplyDelete
  3. UnknownDecember 29, 2017 at 8:35 PM

    All the best. Two small suggestion 1)consider the Higher time frame trend (1 hour) while taking trades.2) if possible change trading time frame from 3m to 5 minute, which may reduce your screen time considerably.

    ReplyDelete
    Replies
    1. Only NiftyDecember 29, 2017 at 8:40 PM

      Thank you dinil.
      Took your points. Also i will be exploring renko and range charts as well.. also in our DP method candles and their patterns are of less relevance.. wanted to see if i can fully avoid noise by shifting to renko/range bar charts... took Amibroker with TRUE DATA subscription to explore.. KITE simply not reliable when it comes to renko and range bar charts.

      Delete
    2. UnknownDecember 29, 2017 at 11:50 PM

      For serious traders, chart provided by brokers are of no use. Trudata or global data feeds, both provide quality data, which didn’t get altered at EOD. Ami is very good for back testing. Don’t know much about renki/range charts, so please share if something found usefull.

      Delete
    3. ArvindDecember 30, 2017 at 5:18 PM

      You are right dinil , we have to keep on pressing reresh button on regular intervals to bring back the missing candles especially in Kite.

      Delete
    4. AnonymousJanuary 3, 2018 at 11:24 AM

      kite3 seems better. PI charts are horrible. I have seen plugin issues in truedata. Also, the true data feed is late by 5-10 secs. You can check in NT7 time sales. But gdfl data feed is better (ami only plug in).

      Delete
    5. Only NiftyJanuary 3, 2018 at 9:21 PM

      Anon,

      Thanks.. i will try Global Data and Amifeed as well

      Delete
  4. Nanda KumarDecember 30, 2017 at 12:59 AM

    Hi, what is DP method you are referring to... sorry iam new follower of you ...

    ReplyDelete
    Replies
    1. Only NiftyDecember 30, 2017 at 9:21 AM

      Nanda Kumar,
      Start here http://niftynirvana.blogspot.in/2013/12/download-e-book.html

      Delete
  5. SourishDecember 30, 2017 at 3:19 PM

    U need a much deserved break. Come back afresh. HAPPY NEW YEAR.

    ReplyDelete
    Replies
    1. Only NiftyDecember 30, 2017 at 4:15 PM

      Thanks Sourish.
      Wish you all the best for next year.. May all your Targets Hit :)

      Delete
  6. ArvindDecember 30, 2017 at 5:15 PM

    All the best Rose, there were only two blogs who were consistently updated. (yours and URD). Many of them left giving some or the other reason. Hope you will come back after 15 days.Seeing 13 comments reminded me of ST blog . I agree with what Dinil said, once again best of luck.

    ReplyDelete
    Replies
    1. Only NiftyDecember 30, 2017 at 5:57 PM

      Arvind,
      Thanks Arvind.
      Surely i will come back :)

      Delete

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