#OPEN Positions:
๐ NOV WEEK 4 โ BEHIND MY TRADES | COMPLETE TRADE SUMMARY ๐
Check my individual trade execution tweets on my profile for full clarity.
1.
#MCX - Holding till now.
Having a 40% size and holding through the last few days of slow move is not easy. But I am slowly making my system to ride slow movers too with good size. This was the only position I had till mid of last week, so I held it with a trailing SL of 10 EMA closing basis.
Let's see how it holds from Friday's candle low.
Execution link -
x.com/subu_thetrader/status/โฆ
2.
#LGBROSLTD - New position. Holding
Trade execution -
x.com/subu_thetrader/status/โฆ
Did the same execution in the
#PARAS trade a few months back. You can check out here:
Trade execution -
x.com/subu_thetrader/status/โฆ
Post-trade analysis -
x.com/subu_thetrader/status/โฆ
x.com/subu_thetrader/status/โฆ
3.
#ACUTAAS - New position. Holding
Trade execution -
x.com/subu_thetrader/status/โฆ
During this period (Nov 24th to 28th) I had only one position carried from previous week which is
#MCX. All other trades hit my SL or breakeven stops as I already mentioned in last weekโs analysis.
Smallcap index is breaking the 50EMA and the market has been very tough in the last 2โ3 weeks, making it very difficult to play.
So I planned to hold MCX until it breaks 10EMA because it held very strong. Meanwhile I was preparing my tracking list.
In the first few days of this week I started seeing
#pharma and
#electronictech names showing up in my scans. Not ready yet, just coming into the tracking list. I waited for the volatility to settle and then planned to execute with names that are strong in this environment.
This led me to take
#LGBROSLTD and
#ACUTAAS on the same day. I told myselfโโlet this work, I will scale more or add more size.โ But the week ended with both positions coming out of my risk zone. So Iโm planning to move half the position stop to breakeven and hold the remaining with original stop to control risk in this uncertain environment.
IPOs are working but many are extremely volatile. Even normal stocks are reacting very volatile, making position management difficult. I still feel the market is very tough to play with random 2โ3% stops unless you get into top 2โ3 quality names. And even then, results can still be uncertain.
My plan is simple now: track strong sectors, observe money flow, act slowly, and move stops to breakeven very aggressively.
Tracking sectors and connecting dots made me very selective.
Even in the second week of November I did the same with
#finance sector but nothing worked for me except MCX in that list. The market is showing strength in sectors here and thereโ2โ3 days of strength and then failure, then a new sector starts showing strength. This is exactly whatโs making many swing traders struggle, including me, even with all the sector tracking and parameters we look for.
If things are not working and you canโt control your number of trades within the DD you can mentally handle, then you have to wait until the feedback improvesโrather than stressing yourself mentally AND financially.
During this period, notice and connect the dots. See which sectors are pushing and how the money flow is shifting. So when things improve, youโre already prepared to ride the winners in that sector with the strongest names during a good environment.
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