Intraday Trading Insights: Navigating Profits and Losses on 12.01.2021

As a professional intraday trader since 2017, I've seen numerous traders posting their daily profit and loss. However, do these posts truly add value to the community or do they just serve as a mere spectacle?

Understanding Market Behavior

While it's natural for traders to be curious about their peers' performance, focusing on the technical aspects and outcomes of trades can provide a more educational experience. On January 12, 2021, I experienced a loss of 1,200 rupees on the Nifty 30-minute chart. My trading strategy involved observing a series of inside bars within the mother bar from 09:30 to 13:30. I initiated a short position at the close of the 1400 bar, placing my entry below the low of the mother bar (15158) at 15139. The trade resulted in a loss upon closing at 1530. Understanding the market behavior is crucial for any trader.

A Personal Journey in Intraday Trading

Name: Siddharth.

Joining the Premium Group for Trades

For those interested in joining the premium group for intraday options trading, I offer insights and strategies through my channel, TradeWithSid-Growth Defined. Participating actively in such groups can help you gain valuable knowledge and make informed trading decisions.

Adventures in FINNIFTY

This was my first attempt with FINNIFTY, and it was a pleasant surprise to end up in the green. It's essential to be aware of the high risks associated with intraday futures and options (FO). Always have a trailing stop-loss or automated stop-loss in place to manage potential losses.

Profitable Trades in Daily Charts

On January 12, 2021, I made around 29,000 rupees in BATA INDIA with an 1820 CE option. The daily charts of BATA showed a significant upward movement above 1630, prompting us to take a trade. Indian markets have been performing at all-time highs, which could be a cause for cautious optimism. For more trading ideas, you can follow my USHA’S ANALYSIS Telegram channel.

Personal Win: Earning 1 Lac INR

On this particular day, I earned approximately 1 Lac INR through trading with Upstox. It's important to note that trading can be highly lucrative, but it also carries associated risks. Always ensure you have adequate research and follow your trading rules.

Lessons from a Loss

In another trading session, I lost 280 rupees on Tata Motors. This incident served as a reminder to always trade with research and follow your predefined rules, such as the 2:1 rule. Proper research and adherence to rules are fundamental to successful trading.

Remember, trading is a journey of learning and improvement. Embrace every trade, whether a win or a loss, as a valuable lesson.