Welcome to my trading P&L report!. In the process of making money online, Toady I executed two trade in Nifty Index. Unfortunately, I booked stoploss with a net loss of -240 rupees.Today nifty opened gap up by nearly 46 point than previous day closing. With opening stock market’s first swing was bearish.

Also read “[4 sept, 2024] Trading P&L Report”

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 only two trade executed, because in first trade, stoploss was not taken, exited at break-even point. Generally, I prefer maximum one stoploss(7%-8%).

First Trade

Stock: Nifty Index Contract – NIFTY 25050 PUT 12 SEP
Entry Point: 91.20 at 10:32AM
Exit Point: 91.70 at 10:36AM Reason for Trade: Support breakdown with strong bullish candle, exited due to sharp reversal
Profit/Loss: +25

Second Trade

Stock: Nifty Index Contract – NIFTY 25350 CALL 12 SEP
Entry Point: 79.80 at 12:03PM
Exit Point: 74.53 at 12:31PM
Reason for Trade: price action nature based analysis
Profit/Loss: -263.75 Nearly 6.5% of capital deployed

Key Learnings & Reflections
Based on previous experience also, I think SL should be between 8%-9%

Detailed P&L report
Total Profit/Loss for the Day: -239
Week-to-Date: +2004
Month-to-Date: +2004

Read Also “How to Earn Money Online”

Market Insights & Predictions

From my point of view indian stock market is still bullish (View based on chart till 1:43PM, 5 Sept). Call side buying will be prefer tomorrow if market retraces after opening or opens gap down. In case of other condition further decision will be taken based on price action behaviour at that point.

“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!”