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workforabhinv trading journal part 1

Abhinav's trading journal focuses on risk management and setting targets for trades, emphasizing a minimum risk-reward ratio of 1:2. The strategy involves booking half profits at 1:1 RR and trailing stop losses to secure gains while waiting for higher targets of 1:2 and 1:3. Examples illustrate potential profits based on different risk-reward scenarios, showcasing the effectiveness of this approach even in case of market reversals.

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abhinavsharmapatiala
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4 views

workforabhinv trading journal part 1

Abhinav's trading journal focuses on risk management and setting targets for trades, emphasizing a minimum risk-reward ratio of 1:2. The strategy involves booking half profits at 1:1 RR and trailing stop losses to secure gains while waiting for higher targets of 1:2 and 1:3. Examples illustrate potential profits based on different risk-reward scenarios, showcasing the effectiveness of this approach even in case of market reversals.

Uploaded by

abhinavsharmapatiala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

ABHINAV’S TRADING JOURNAL

THIS JOURNAL IS ONLY ABOUT RISK


MANAGEMENT AND WHAT SHOULD BE MY
TARGETS WHILE TAKING A TRADE.

SO, MY TARGETS WOULD GENERALLY BE


NEAREST RESISTANCE IN ALONG TRADE AND
NEAREST SUPPPORT IN A SHORT TRADE FROM
THE AREA OF VALUE. (THAT AREA OF VALUE I’LL
DISCUSS LATER IN OTHER JOURNAL WHICH WILL
BE FULLY RELATED TO HOW TO TAKE TRADES
AND WHAT TRADING SYSTEM TO TRADE)

MY MINIMUM RISK REWARD TARGET WOULD


GENERALLY BE 1:2 AND IT WILL GO FURTHER TO
1:3,1:4,1:5 AND SO ON TILL THE RESISTANCE
COMES OR TILL THE NEXT STOP COMES. (THAT
STOP CAN BE CALCULATED BY PREVIOUS SWINGS
OR WITH THE HELP OF TREND BASED FIB
EXTENSION)

WHENEVER I’LL SEE A PERFECT TRADE WITH


CONFIRMATIONS (WILL BE DISCUSSED LATER),
LETS SUPPOSE THE TRADE WOULD BE OF 1:3 RR
AND I HAVE 1000 QUANTITIES, THEN I WILL BOOK
MY HALF PROFIT THAT IS 500 QTY. WHEN IT
REACHES 1:1 AND THIS WILL GIVE ME PROFIT OF
0.5% OF THE CAPITAL AND NOW THE REST OF
THE 500 QTY I’LL HOLDING TILL MY NEXT
TARGETS THAT WOULD BE 1:2 AND 1:3.

ONE MORE THING, WHEN I BOOK MY 1:1


TARGET,THEN I’LL JUST MOVE MY STOP LOSS TO
THE PLACE FROM WHERE MY TRADE STARTED.
THIS WILL MAKE MY 0.5% PROFITS SAFE WHICH I
BOOKED EVEN IF THE PRICES REVERSES.
MOREOVER, THIS WILL HELP TO MINIMIZE MY
RISK IN EVERY TRADE I TAKE AND BE PROFITABLE
IN THE TRADE MANY TIME EVEN IF IT REVERSES.

SO, I WILL JUST TRAIL MY STOPLOSS TO THE


PLACE FROM WHERE MY TRADE STARTED AFTER
BOOKING HALF QTY PROFIT AND FOR THE OTHER
HALF I WILL WAIT TILL IS GOES TO 1:2 THEN I’LL
TRAIL MY STOPLOSS TO 1:1 PLACE WHERE
WHERE WE PREVIOUSLY BOOKED OUR PROFIT
AND WHEN WE REACH ABOVE FROM THE 1:2 RR,
THEN WE WILL TRAIL OUR STOPLOSS TO 1:2
TARGET PLACE AND WAIT FOR PRICE TO REACH
OUR FINAL TARGET WHICH IS 1:3 IN THIS
ASSUMED TRADE.
HERE ARE SOME EXAMPLES ABT HOW MUCH
PROFIT WE WILL BE GETTING IF WE USE THIS
METHOD –
LETS SAY- You start with 1,000 units.
• You sell half (500 units) when the trade
reaches 1:1 RR.
• The risk is R per unit.
• Profit percentages are calculated based
on total risk.

1:2 RR Scenario-

Total profit:
500R + 1000R = 1500R OR 1.5%

1:3 RR Scenario-

Total profit:
500R + 1500R = 2000R OR 2%

1:4 RR Scenario-

Total profit:
500R + 2000R = 2500R OR 2.5%

NOW THIS IS THA END OF THIS JOURNAL BUT I


AM ATTACHING SOME SCREENSHOTS OF MY
TRADES WHERE ALL OF THIS MY IDEAS WORK-

HERE, I BOUGHT FROM 26,377 AND WENT TO


26,420 (1:5RR) AND THEN REVERSED FROM
THERE. USING MY IDEA, I WOULD HAVE BOOKED
HALF QUANTITIY AT 1:1 AND MOVED MY
STOPLOSS TO 26,377. THIS WOULD GIVEN ME
PROFIT EVEN IF MY TRADE REVERSED.
AFTERTHAT, I WOULD WAIT FOR ANOTHER
OPPORTUNITY TO TRADE AGAIN WITH
CONFIRMATIONS. I AM ATTACHING ONE MORE SS
ABT WHAT HAPPENED NEXT.
SEE IT HIT MY TARGET..MAYBE I WAS TOO EARLY
TO ENTER A TRADE BUT WITH THIS STRATEGY I
WASN’T IN LOSS

BYE, FULL TRADING SETUP JOURNAL WILL BE


MADE SOON.

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