Nifty Trading Project - Day 2



RULE: STRICT STOPLOSS & TARGET IN NIFTY CHART


RULE: ENTER 1 TRADE A DAY ( NO OVERTRADE)


RULE: NO GREED & FEAR


RULE: TAKE WHAT YOU NEED AND MIND YOUR WORK


RULE: NIFTY IS NOT YOURS


RULE: DO YOUR HOMEWORK


RULE: FIXED TRADING CAPITAL FOR ONE MONTH


RULE: DON'T BREAK THE RULES

 

Plant


Hello Traders,

Today was the second day of the project Breakout. As the market opened and fluctuated for first 30 minutes. I stayed calm involving my other works. I drawn important zones yesterday itself so its easy to determine the movement.


I looked at Open Interest analysis and it is favourable for a downtrend . I am also simply sit with a bearish expectation. After 30 minutes , nifty goes downwards and broke one of my marked line.


I entered a PE position with 1500 rupees. I waited till it takes support in the next support. Booked the profit of 0.25% in the nifty index chart. Capture the movement and take what you need from the market and stay away. Whole market is not yours and you are not a professional.


But unfortunately i broke my rule of 1 trade a day because of breaking down another important support.


It is a sin for me and over trading. It makes me loss initially and luckily got a nominal profit. So don't repeat this mistake. 

Let hope for 16/03/2023, thank you readers

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