The PLAN is to have a PLAN before you need a PLAN.Some time back I mentioned that the Trades be it Short or Long Term will be tracked in order to see how successful they are, when you do it according to a plan.
I have been tracking all these trades since early December 2015. The following tables show the list of complete Trades as of 1st of April 2016.
Table 1.
In the above Table 1, I have given the Closed and Stopped trades, and the days they took to complete the Transactions together with gross % gain and loss. There are 22 trades that got completed with 12 been successful and 10 trades that were stopped. The important factor to remember when we trade is the performance of the trades as against the Market as a whole. In a down market as we saw during the period under consideration having 12 trades meeting the target price as against 10 that were stopped is not the only achievement we need to focus on. The fact of beating the overall market is also very important. In the Table 2 below you will notice that % loss of the overall effort is lower than the loss of the overall Market by a huge margin. When the loss of trading is a mere 1.30% the overall Market has fallen by 11.76%.
These tables show how effective it is to trade according to your plan, and stick by it. If I want to mention something negative in this is that you can't go for volumes in many counters in the Market, therefore it is very important that you decide on the the volume to make a hassle free exit.
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