Welcome to my first trading P&L report!. It is a series blog of “How to earn online” with practicals. Today nifty opened gap down by nearly 200 point or 0.77 percent than previous day closing. Since, stock market sentiment is bullish from many days and recently for 3 days nifty is almost sidewise. Thus, gapdown creates a potential of buying in stock market. Keeping these consideration in mind, trade executed in nifty index after confirmation.
Summary of the Day’s Trading Activity
Below I am providing summary of my trades and screenshot and video related to the execution. All trades have executed with 50 quantity only. Today more than three trade executed, because in any initial trade, stoploss was not taken. Generally, I prefer maximum one stoploss. Due to multiple trade executed at alomost breakeven point final P&L have 2 rupees mis-match with respect to described trade below.
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First Trade
Stock: Nifty Index Contract – NIFTY 25250 CALL 05 SEP
Entry Point: 61.25 at 9:47AM
Exit Point: 61.75 at 10:20AM Reason for Trade: Strong bullish candle formation
Profit/Loss: +25
Second Trade
Stock: Nifty Index Contract – NIFTY 25250 CALL 05 SEP
Entry Point: 58.35 at 10:46AM
Exit Point: 57.65 at 11:17AM
Reason for Trade: price action nature based analysis
Profit/Loss: -35
Third Trade
Stock: Nifty Index Contract – NIFTY 25250 CALL 05 SEP
Entry Point: 59.10 at 11:32AM
Exit Point: 104.20 at 01:21PM
Reason for Trade: Bullish candle formation
Profit/Loss: +2255\- capital used nearly 3000, Return ~75%
Key Learnings & Reflections
Should have book profit in first two trades atleast in first trade
Market Insights & Predictions
Provide insights into the overall market trends and any predictions for the following trading day. Mention any upcoming events, such as earnings reports or economic data releases, that might influence your trades.
Total Profit/Loss for the Day: +2243
Week-to-Date: +2243
Month-to-Date: +2243
Trading Strategy for Tomorrow
View for market is bullish for tomorrow until and unless Nifty opens with too high gap up or gap down. Target will be buying at lower price with confirmation from chart.
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“That wraps up today’s trading P&L report. It is a part of earning online or making money online. Stay tuned for more daily updates, and feel free to share your own trading experiences in the comments below!”