DIG DEEPER TO FIND WATER & NOT WIDER -P.M.PATEL

Tuesday, September 15, 2009

trades of 15.09.09




Since morning nifty was going only one way.
Naga also gave buy call at 10.10 at nf=4840.

exited due to system said so. (today i was using swing n=2)
but should have Re-entered.

Naga gave sell nf at 4886 at 11.45. with sl = 4900/4902
(my thoughts : should have taken)

i couldnt saw that after 1200 hrs nifty was only making lower low n lower highs,
any ways , from tomorrow i will try to system only.







Reasons for starting this blog.

Here are the following reasons for starting this blog.
1. Record keeping of trades to sharpen trading skills.
2. Record Entries & Exits.
3. Reasons for Entries & Exits.
4. Permanently save 5 day yahoo chart & Nse chart.
5. Avoid Mistakes Done once.

I will be following kplswing system for trading
with 5 min chart &
swing N=3 (3 being Gann Favorite).

My target will be only 10 points. my SL will be 5 points / previous swing low.
as this will save me from all sort of Greed & Fear.

As perfecting art of collecting 10 points can work wonders on long term basis & with large qtys only this will work.

Just calculate that how much can one make if one takes only 2 trades a day with 10 points for all month.... (yaa, thats pretty cool)