Friday, July 5, 2024

Good day; CHARTS & JOURNAL - 05072024


Being deep in the market, with almost uncountable number of setups, I overcame the fear of a sharp correction since the index has been up for more than a week! There are signs of divergences, and, breadth consolidation, but, a few sectoral themes did pretty awesome.

Most trades rn are being taken, with a 10% PS, <=1% Risk P_Total, and that turns out to be ~ 5-8% SL per trade. Still now, none of them have hit the lower benchmark. (This is being done in order to practice, once I am better, I will slowly start taking 15-20% PS)

The major learning probably was giving space to your trades, and choosing quality names with utmost attention in order to cut soon or small losses even!!! The names must be quality names and quality charts.

So now, here is the journal and followed by that are the charts. 
























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