Monday, November 16, 2015

20151116 - Losing streak broken!!!

Changed the rules to be more aggressive - which means that I traded off the 5 minute chart, with tighter Stop Losses. I expect that with these rules there will be many more trades, and lot of SL hit shake-outs, but I will lock in a higher percentage of profits than last week.

Today's Trade 2 was one of those unfortunate shake-outs.

The day ended happy - the best day for me in this series. Good recovery. Almost wiped out the drawdown. In post-brokerage terms, I still need about 12 points to get back to my peak equity this series.

But finally I have a winning streak - 2 consecutive wins today. Another point is that all 3 trades done today were long. In fact, 5 of the last 6 trades have been long... so is it longing season, as opposed to Shorting Season?

Day Trading: Nifty M5 Candlestick Chart

Day Trading: Nifty M3 Candlestick Chart

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