Dear Traders,
I started playing around with the Tradingview around March end. I posted my first idea on March 27. Since then I have shared 136 posts. My goal of sharing this trade log daily was
1. Use simple observations to form a viewpoint of the market.
2. Trading in risk averse style. I traded mostly with a single lot and most of the time closed my positions intra day.
3. Practice discipline of getting ready for the market every morning, observing it throughout the day, mastering emotions and later logging it all at the end of the day.
My learning
1. From March 15, I have been working from home and that gave me an opportunity to balance my full time job and start my trading career as a ‘serious trader’. With a single lot, simple observations about price action, one can practice without taking too much risk.
2. There are few days where you get lucky and most of the days, you are doing a dull business of managing risk against the uncertainties of the market.
3. Options are beautiful instruments for controlling risk. Intraday reduces your risk in uncertain times.
Way forward!
1. Just look at the glorious chart which unfolded in the last 150+ days. Who would have imagined this? I created a line of myself long back - close above 11400 and the market has truly changed the regime. It is no longer bearish for now.
2. With VIX below 20, and intraday range contracting, I think I want to share my positional trades instead of intraday trades. As there may not be exciting movements intra day.
I also have other job responsibilities, where I may not get a lot of screen time on a regular basis.
Overall , thank you everyone who read my posts, interacted with me occasionally and liked my analysis. Big thanks!
I started playing around with the Tradingview around March end. I posted my first idea on March 27. Since then I have shared 136 posts. My goal of sharing this trade log daily was
1. Use simple observations to form a viewpoint of the market.
2. Trading in risk averse style. I traded mostly with a single lot and most of the time closed my positions intra day.
3. Practice discipline of getting ready for the market every morning, observing it throughout the day, mastering emotions and later logging it all at the end of the day.
My learning
1. From March 15, I have been working from home and that gave me an opportunity to balance my full time job and start my trading career as a ‘serious trader’. With a single lot, simple observations about price action, one can practice without taking too much risk.
2. There are few days where you get lucky and most of the days, you are doing a dull business of managing risk against the uncertainties of the market.
3. Options are beautiful instruments for controlling risk. Intraday reduces your risk in uncertain times.
Way forward!
1. Just look at the glorious chart which unfolded in the last 150+ days. Who would have imagined this? I created a line of myself long back - close above 11400 and the market has truly changed the regime. It is no longer bearish for now.
2. With VIX below 20, and intraday range contracting, I think I want to share my positional trades instead of intraday trades. As there may not be exciting movements intra day.
I also have other job responsibilities, where I may not get a lot of screen time on a regular basis.
Overall , thank you everyone who read my posts, interacted with me occasionally and liked my analysis. Big thanks!