Showing posts with label Break. Show all posts
Showing posts with label Break. Show all posts

Friday, August 31, 2018

Taking a break from ACTIVE trading for a month time

Taking a break from ACTIVE trading for a month time & will be doing some experiments.


1. Stay away from all social media during market hours i.e. Discord, Twitter, Watsapp etc.

2. Trade in BNF only (inspiring from twitter stalwarts) 

3. Reducing lot size to 1 from 10.. in my early days of DP trading i used to score very well.. 300-400 monthly.. couple of days back i prepared a simple excel to track points earned month wise and some parameters. Avg gain coming around 144 (so far for 2018). As i said before this is an experiment on myself how i do if i reduce position size drastically and give free hand. Based on results i have few plans to prepare a SCALE UP plan. 

Below is draft version of trade journal.



4. Trade in morning session (9:15 - 11 AM) & (2 - 3 PM) only.. unless a position running through out day on trend day.

5. Test my patience levels in not deviating to stocks,, specially at morning hours. Index trades are my strength.

6. One thing i am not doing well from long time is,, having a proper trade journal. need to explore more on it. I may decide to STOP using blog to document daily trades and restrict to share any good concepts learnt.

7. Spend some time to back test few of PA TRADING SYSTEMS on BNF (after market hours)

8. One thing i missed to explore properly in last time BREAK TIME is,, RENKO CHARTS. Will explore in this aspect and how i can utilize RENKO instead of candlesticks in future. I don't think i can scale up well by sticking to candlesticks for longer time. Its been a long time i struck with 10 lots for longer time. Though EOM results are looking good, lot of confusion and struggle happening during live market. I am hoping RENKO chart/system will solve this physiological burden to me. Idea here is to stay away from sideways range and trade trends alone.


Happy Trading!

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.