9th July 2024 - Tuesday

Nifty made an inside candle on daily time frame.

Last three hours, market has shown slow movement upwards.

Will have to wait and let price action form - I have no bias.

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Trading day -

Made Money

8th July 2024 - Monday

Market jumped up at 3 pm on 5th July. Heavy buying in Reliance, SBI, ICICI Bank and HDFC Bank. Also IT was supportive.

Monday also looks strong and i will like to find long opportunities.

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Trading Day -

Tried on Dhan today - same rules. Lost very little money.

Took some time to try out things - not as intuitive as Zerodha - though better for scalping.

Lost Money

5th July 2024 - Friday

Market remains bullish - though formed a black cancel on daily chart but still closed above daily pivot - also above 200 MA.

In morning, look to trades on upside and then wait for price action to make calls.

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Trading day -

Today made money, was a good day.

Trade 1 - Hit the SL. I bought a Put in anticipation that it will break the S2 level. S2/R2 has come across as a very very strong.

So next time, close to S2/R2 - take trade only once it crosses and sustains below or above.

Remaining two we successful trades.

Made Money.

4th July 2024 - Thursday

Whole day of consolidation on 3rd July. The CPR was also narrow but the market didnt move. There is a possibility of it moving in some direction tomorrow.

The market still looks bullish, so initial bias will be to look for long trades.

Rest depends on price action.

I have left trading options, I am trading the charts - Nifty future charts.

1:1 - move stop loss to breakeven and 1:2 - take profit.

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Trading day -

It was a good trading day. The profit taking strategy worked.

The only thing which needs changing is to continuously moving SLs. 

SLs should be moved once - when we are 1:1 on Risk Reward - thats why SL moves to breakeven and thats it.

Otherwise, took 3 trades - 2 successful and 1 hit SL.

First time in 3 weeks that i am in Green on Expiry.

Made Money

3rd July 2024 - Wednesday

Arjun's birthday.

The market continues to look positive to neutral. Will have to wait for price action to form before doing anything.

Price closed below opening price for 1st July.

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Trading Day -

Was an ok day of trading, quite a few trades. Made some money. But this 10 per trade will not work. I will revert to profit taking mechanism of 1:2. it works better.

Made Money

2nd July 2024 - Tuesday

Market moved up yesterday and seems to be positive again.

Need to see how it begins but has formed a massive white candle on daily - so falling all the way from here seems difficult.

I will be bullish to start with.

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Trading day -

The day was ok. I have decided to not to wait for take profit and do it scalping style. Keep booking profits at 10 points movement. Right now, I am trading with a single lot, so no SL trailing can be done - hence - 10 points a trade.

Lost money, then regained some of it.

Lost Money

1st July 2024

Was not able to do over the weekend so doing here. The market started with looking negative. It bounced back quickly from below previous day low. Crossed over to positive side and went above 200 MA.

I took some trades, first one was put trade which hit stop loss. 

Second one actually worked from 1:2 point of view - i was trying to see if i can take a minimum profit of 30 which failed - so exited in small loss.

Thats a no go no. We just do 1:2 and exit irrespective of the number.

Lost Money.