May 2023

 May month 

1.two major losses 80,000 and 70,000

2.And 4 to 5 days option buying to recover loss

3.Scalping 

4. Over trading

Causes 51,000 charges which are huge 

Overall loss month 

31052023

 Two days consolidation above ATH , 

When it breaks PDL, initiated short position

Booked profit support (yellow  line), 

30052023 fin nifty expiry

 1. Long entry ATM PE in Finnifty when Nifty closed PDH, kept sl day low in Fin nifty, SL hit around 11.10am

2. Still long side conviction, taken again long entry ITM PE finnifty at Day Low , booked profit at day high

3.  sold OTM PE wait till end of the day closed position 0.3 RS , booked 6000 profit 

29052023

 Huge gapup BN breaks ATH

Taken short entry when Fin Nifty reaches to ATH, exit at next support line

26052023

1. When nifty reached to PDH, taken long entry in BN , perfect entry exactly at bottom trade exit with 9000 profit when BN reaches to day opening level

Could not hold trade due to yesterday effect

2. Trade terminal closed , and again opened after         2 hours  taken scalping against trend due to missing huge opportunity in first trade 

And made losses 

25052023 expiry

 First trade when nifty breaks day low taken short entry Sl hit

Then long entry due to fake breakout again SL hit

Lost mind control taken buy position again SL hit 1 lakh loss

Again taken nifty buy position recovered some loss 

Then back to selling mode ce short recovered all loss  and final profit +7000

Afternoon went for buying loss 

24052023

 1. BN rejection from 200EMA short entry SL hit

2. BN rejection from POC and supply zone, early exit when BN reaches PDL

23052023 fin nifty expiry

 Morning sold Pe booked profit of 8,000 

Afternoon bought CE after banknifty breakout of day high, it's fake breakout booked loss of 20000

Bought PE when nifty breaks huge consolidation zone booked profit early

 

22052023

 

21052023 new setup

 

19052023

 

18052023 expiry

 Morning Short position given good profit in morning session

Next 500 points strangle also closed in profit 

Due to greed afternoon taken buying total mtm 36000 to -20000 due to huge red candle at 1.45 pm because of SBI results , then taken again selling recovered all losses 

17052023

 Mistakes 

Over trading

Option buying

Trading against Trend 

16052023 fin nifty expiry

 

15052023

 Loss due to pre determined down trend bias yesterday Karnataka election results BJP failed to win elections

second reason Banknifty near to all time high

Even market giving signal like touching 20ema and bounce upside, due to pre determined bias taking only short trades

Day ended with RED MTM

12052023

 Little scalping when it reaches to POC