There is a substantial risk of loss associated with trading Derivatives . Losses can and will occur. My methods will not ensure profits
Friday, November 29, 2013
Thursday, November 28, 2013
Wednesday, November 27, 2013
27112013
Nifty opened above PDC and sold. Skipped the BPB of PDL /PDC as 6050 of NS was very near. Shorted the BOF of MSP and TST of PDL. Covered this when price refused to go below the range low. Went long on the BOF of LOD. ( wronly marked as HOD) scratched when it bounced back from PDL. Long on the BO of PDL . Covered at HOD. Another short on BOF of HOD. TP at PDL.
Tuesday, November 26, 2013
Trading Course
Adam Grimes has launched his FREE trading course. Week 1 videos are now live. There are three videos. It will take you nearly two hours to watch these videos. I have gone through them and they are excellent.
Adam Grimes is a well known author and his book "The Art and Science of Technical Analysis" is a best seller. The course is based on the original training material he developed for "Waverly Advisors" an investment research firm. According to Adam Grimes the course will be structured in four parts
Adam Grimes is a well known author and his book "The Art and Science of Technical Analysis" is a best seller. The course is based on the original training material he developed for "Waverly Advisors" an investment research firm. According to Adam Grimes the course will be structured in four parts
- The Foundation of Profitable Trading: (3 weeks) focuses on the math behind profitable trading, and different ways to find an edge in the market.
- The Patterns of Profitable Trading: (5 weeks) each week focuses on a specific trading pattern with the student doing testing and analysis to verify the pattern in live market data. This is also a critical part of developing your own system and approach based on these patterns.
- The Skills of Profitable Trading: (6 weeks) extends the work of the previous section by drilling deeper into some patterns, looking at ways to combine tools, screen for trades, and working to understand the consequence of decisions in the marketplace.
- Special Topics (5 weeks): This is the section that may be expanded or, perhaps, delayed, depending on how complicated production turns out to be for the rest of the course. Currently, I plan to do a week on these topics: daytrading, system development/system-assisted discretionary trading, options I, options II, and long-term investing.
26112013
I was totally confused and did not know what was happening. In hindsight, I suspect it was a wide channel down. First trade was the BOF of IRH. target was IRL. TP when the break of BRN failed. Shorted when the low of MC broke. I think I was the last man to sell there. Went long on the break of the range high. Two trades ended as loss. Price was chopping around. So did not attempt any other trade.
Monday, November 25, 2013
25112013
Nifty gaped up and spiked. First trade was a BPB of PDH. TP at BRN. There was a FTC above the spike high. I did not attempt it. I was ready to long on TST or BOF of PDH . But market reversed before that,fooling me. BPB of HOD/BRN gave a long signal. Was not confident about the trade as I was trading into BRN 6100 of NS. Still I could make 20 points.
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