ProdigalTrader
7.15K subscribers
1.99K photos
24 files
249 links
Channel Run by Aneesh Philomina Antony
Independent Retail Day Trader - NSE, India
No Investment/Trading Advice. Not SEBI regd.



Twitter/FB: @ProdigalTrader
Download Telegram
High Quality breakouts today

#jindrill
#adsl
#ghcl
#rkforge
Excellent flag pattern in #ashapuramin
Strong breakout and qualit retest in #everestind
Strong range breakout in #maxvil
💐💐💐
#supremeind

breakout from a smooth consolidation. Looks like retst was too shallow and ready to rally up from here. Might make a quick move from here
#naharsping

strong good breakout and good demand into the upmove in breakout. PAst volume in consolidation phase was too less while the rally before that had strong high volume. Big players in already, bullish trend is potetnially unweilding
#coforge

high volatile breakout and retest. A great structure which keep on going up. This new BO will ideally take it to further new highs
#precwire

VCP. Its broke already, quick gains are possible , looking at the structure of the stock
💐💐💐
ProdigalTrader
Photo
#iex

375 - 406
ProdigalTrader
Photo
#adanitrans

847 - 1216
Major Mistakes in Day Trading Which Have Easy Solutions
Early days into day trading, so many of my trades used hit SL despite my analysis was right. I was perplexed about that and started thinking there is someone sits there in the market accessing the order details i shoot and pushes the price to break my SL. This idea of someone hunting me was conceived bcz i head this from many people when i started trading.
But that blaming someone wasn’t enough to solve my problem of losing. Bcz it was my money going into someone else's pocket. Had that been not my money, i could have continued with blame game. There was lots of scope for talking ethics & principles. Bt unfortunately these were quite expensive choices which i couldn’t afford. Bcz, it was my money, not others'.
I started documenting the details. Within a week i caught major issues with my trading. They were;
1.
Had i kept SL in system, many of the loss would have been much smaller
2.
Had i waited for the price to reach the level i was looking for, rather than jumping into trade, I could have avoided getting trapped in fakeout moves
3.
If i had avoided trading the scrips which chosen in live market and stick to only the ones prepared on previous day, many losses wouldn’t have happened.
4.
I should have avoided trading the price move which isn’t backed with good volume. These fake moves are just traps
5.
I had a tendency to enter as soon as the price hit my level. But many a times price wont straight away reverse from there. Lots of hiccups will be there. Should have waited for good reversal candle pattern there.