my august month daytrading..!!

Hi seniors (day traders),

on last month august, i selected jpassociat for daytrading and traded only on that stock for the full month with planned strategy, when it breaks high price, i go for long trade. When it break low price, i go for short trade.

Trade details for the month of august 2012:-

1ST, 2ND, 3RD AUGUST, I DID NOT TRADE DUE TO MY PERSONAL REASON.


DATE**SCRIPT**QTY**BUY**SELL**HIGH_LOW-BR**PROFIT-LOSS
6-Aug**JPASS**300**22680**22770**HIGH-BR**90**PROFIT
7-Aug**JPASS**200**15290**15365**HIGH-BR**75**PROFIT
8-Aug**JPASS**200**15475**15620**LOW-BR**145**PROFIT
9-Aug**JPASS**200**15420**15480**LOW-BR**60**PROFIT
10-Aug**JPASS**200**15210**15110**LOW-BR**-100**LOSS
13-Aug**JPASS**200**15030**14930**HIGH-BR**-100**LOSS
14-Aug**JPASS**300**22715**22800**HIGH-BR**85**PROFIT
16-Aug**JPASS**200**15280**15240**LOW-BR**-40**LOSS
17-Aug**JPASS**300**22800**22855**HIGH-BR**55**PROFIT
21-Aug**JPASS**200**15060**15070**LOW-BR**10**PROFIT
22-Aug**JPASS**400**30830**30790**HIGH-BR**LOW-BR**-40**LOSS
23-Aug**JPASS**200**15650**15600**LOW-BR**-50**LOSS
24-Aug**JPASS**200**15090**15190**LOW-BR**100**PROFIT
27-Aug**JPASS**200**14840**14860**LOW-BR**20**PROFIT
28-Aug**JPASS****NO TRADE**
29-Aug**JPASS**200**12890**12900**LOW-BR**10**PROFIT
30-Aug**JPASS**200**12590**12610**HIGH-BR**20**PROFIT
31-Aug**JPASS**200**13140**13090**HIGH-BR**-50**LOSS


GROSSPROFIT = 290
BROKERAGE = 700
NETPROFIT = -410

YOU CAN SEE IMAGE AT:- ImageShack® - Online Photo and Video Hosting


stoploss details: If i bought 2 qty at 65.00, i put stoploss at 64.50, if stoploss hit at 64.50, both 2 qty will covered. IF IT MOVES FROM 65 TO 65.20.. I TRAIL MY STOLOSS TO 64.70. EVERY 5 PAISE RAISE, I TRAIL MY STOPLOSS TO 5 PAISE.

Target details:- 1st trgt reaches 65.50, i will sold 1 qty and i moved sl 65.10 for another qty. For second qty target is 66.00. I will not change the second qty price from 65.10.

My traded qty only 2oo per trade for high break or low break.. Some trades may occur 300 or 400 for my wrong order.

So last month i traded with full discipline, full planned and i meet gross profit, but after brokerage, net profit comes to minus,,

so pls tell, can i improve this strategy, or this strategy works well ??? My stoploss and target is good..?? Pls tell day traders seniors.

I am seriously concentrate on day trading for "trade for living". I have three years experience as part time trader.

thanks
take care
 

wackypete2

Legendary member
10,229 2,054
I can't figure out how you are calculating your profits/losses. Does your spreadsheet PnL match your brokerage statement?

For the figures you have shown the broker's commissions are relatively high.

Peter
 

neil

Legendary member
5,167 747
I can't figure out how you are calculating your profits/losses. Does your spreadsheet PnL match your brokerage statement?

For the figures you have shown the broker's commissions are relatively high.

Peter

But his Vendor badge shows he is a BROKER !

Maybe he is setting up to sell something on this site ?
:confused:
 
 
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