9:23 AM - After yesterday’s strength move,, nifty opened above PDH but failed to sustain.
BNF correcting fast.
BNF correcting fast.
9:45 AM - Trade 1 : BPB of PDH Short at 10556 with Initial SL 10570, FTA PDC is very near.
But will attempt with scratch mindset (took with half quantity)
But will attempt with scratch mindset (took with half quantity)
9:56 AM - Price moved sharply from PDC/RN … now almost near to SL.. will not scratch.
Let the SL hit, which also invalidated LH-LL formation
Let the SL hit, which also invalidated LH-LL formation
10:23 AM - Exited with loss of 16 points
11:27 AM - Removed PDH as DP from chart, as more than 2 swings made up and down around it.
It lost relevance. Now i monitor PA at DH/DL. Sustaining above DH bullish, below DL bearish.
It lost relevance. Now i monitor PA at DH/DL. Sustaining above DH bullish, below DL bearish.
13:55 PM - Trade 2 : BPB of DH Long took at 10592, Stop it very fast at 10581. 13 point loss
15:00 PM - Thought of attempting BPB of DL… but seeing PA not convinced.
First instance it moved with pin bar formation, seems like buying emerging..
Later it moved straight dive.
First instance it moved with pin bar formation, seems like buying emerging..
Later it moved straight dive.
Hi
ReplyDeleteAppreciate your efforts for updating your trades for DP trading followers on a regular basis.
How do you cope up with consecutive losses. Your earlier years had more wins than losses as I could find in one of your published P&L.Any reason for the same.
Thanks.
Couple of reasons i can think of is... i scaled up from 2 to 10 lots.. emotions definitely impacting.. scaling up is biggest challenge. Another reason, is from start of 2018.. we are in bear market.. it is not the smooth market we have seen from 2014... i am managing by adjusting position sizing.. more improvement needed. The kind of sharp slide/rise is new for me.
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