Trading performance of 12th Jan 2021

 My calls performance on 12th Jan 2021 shown in chart below

Reason for my Entry: (1st Trade)

·       Today SGX nifty opened with Positive (+1.7) & In pre market bank nifty closed at -163

·       Today's 1st 5 min Red candle open below "S3"

·       Today's 1st 5min candle high and low marked in Yellow line ( Chart )

·       Today's 1st 5 min candle high and "S3" in same place so i feel their is a strong support 

·       6th candle try to break "S3" and failed (i strongly believe because of strong support so only candle are rejected)

·       At 09.50 AM one strong red candle break the 1st candle high

·         So I decided to give a Call in Banknifty 14th Jan 32000 PE (Buy above 370) 

·       Stop loss was previous candle high (Most important point in trading is always trail your Stop loss)

·        I fix my target  as 1st 5min candle low

·        But my stop loss was hit  today my view go wrong (Most important point i follow in trading when my stop loss hit immediately i close the position i never fight with market - Because some time my technique failed or my view goes wrong) 

Reason for my Entry: (2nd Trade)

·       At 12.25 PM green candles open and close above "R3"

·        Next  candle also green

·         So I decided to give a Call in Banknifty 14th Jan 32100 CE (Buy above 375) 

·       Stop loss was below "R3" (Most important point in trading is always trail your Stop loss)

·        I fix my target  in 1:2 ratio

Today missed Trade: (Due to my personal work i miss the entry)

·       At 11.30 AM green candles open and close above "S3"

·        Next  candle also green 

·        Enter at 11.40 AM candle

·       Stop loss was below "S3" (Most important point in trading is always trail your Stop loss)

·        Target  in "R3"

  

Check the below screenshot of my calls posted today in my APP (Click here to download the app)