Monday 1 July 2019

Day 1 of 100 day trading challenge

Nifty

If Nifty spot cross 11850 and trade their for 3 minutes, will buy 2 lots 4th July  11900 CE . I will place stop loss buy on day high for 4th July 11800 PE

Stoploss is 20 points in Nifty spot from entry

Banknifty

If Banknifty spot crosses 31300 and trade for 5 minutes, will buy 2 lots 31400 CE. Will place stop loss buy over day high for 31200 PE

Stoploss is 50 points in Nifty spot from entry

Crude

Crude buy 4 mini lots @ 4065 or @40193
Crude sell 4 mini lots  @ 40161

Risk 15 points and target 32 points

I will initiate all trades with SL, and move the stop loss to cost to avoid loss. In this way I can avoid loss in my account.

Monday SIP in equity

Bank

HDFC bank
ICICIBANK
SBI
Bank of India

NBFC

Bajaj Finance
HDFC
LT Finance

Around  1000 Rs will be invested in stock to buy. This investment is continuous process. Whenever, any stock has profit more than 4%  , the same will be squared off but investment will continue as per plan.

Today's trade 

Nifty, Banknifty and crude all triggered and closed in green

Profit for Day 1  is 3663

My broker trades based on my plan. I do not see life market - a lesson from Ed Seykota. 



Click below link to read the details of 100 day challenge

Can I make living with short term swing trading ?

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