5 Positional

Long 6295  [04 Mar 14, Positional]
Stop and Reverse SAR 6286

5 March 2014 Wednesday

Nifty future 6334[ Bullish] 
Long 6295  [04 Mar 14, Positional]
Stop and Reverse SAR 6208 [may vary Intra as the prices unfold !]
Trend reversal down below 6208 [Positional]

Resistance
6386
6360
Support
6308
6282
Happy trading

4 March Positional Long 6295

1.Short 6361 [Starting from 2nd Jan 14]
2.Long 6221 +140 [10 jan 14]
3.Short 6245 +24 [14 Jan 14]
4.Long 6275. -30 [15 Jan 14] 
5.Short 6298. +33 [17 Jan 14] 
6.Long 6337.-39 [ 21 Jan 14] 
7.Short 6302. -35 [24 Jan 14] 
8.Long 6031. +271  [4 Feb 2014]
9.Short 6068. +37 [13 Feb 2014]    
10.Long 6055. +13  [14 Feb 2014]
11. Short 6119. +64 [ 20 Feb 2014]
12. Long 6160. -41  [21 Feb 2014]
13. Short 6240. +80 [3 March 2014]
14. Long 6295. -55  [4 March 2014]
Cumulative Profit 140+24-30+33-39-35+271+37+13+64-41+80-55= +462

Stop and Reverse SAR 6208

4 March 2014 Tuesday

Nifty future 6239[ Bearish] 
Short 6240  [03 Mar 14, Positional]
Stop and Reverse SAR 6295 [may vary Intra as the prices unfold !]
Trend reversal up above 6295 [Positional]

Resistance
6275
6256
Support
6221
6203
Happy trading

3 March Positional Short 6240

Positional 

1.Short 6361 [Starting from 2nd Jan 14]
2.Long 6221 +140 [10 jan 14]
3.Short 6245 +24 [14 Jan 14]
4.Long 6275. -30 [15 Jan 14] 
5.Short 6298. +33 [17 Jan 14] 
6.Long 6337.-39 [ 21 Jan 14] 
7.Short 6302. -35 [24 Jan 14] 
8.Long 6031. +271  [4 Feb 2014]
9.Short 6068. +37 [13 Feb 2014]    
10.Long 6055. +13  [14 Feb 2014]
11. Short 6119. +64 [ 20 Feb 2014]
12. Long 6160. -41  [21 Feb 2014]
13. Short 6240. +80 [3 March 2014]
Cumulative Profit 140+24-30+33-39-35+271+37+13+64-41+80= +517

3 March 2014 Monday

Nifty future 6289[ Bullish] 
Long 6160  [21 Feb 14, Positional]
Stop and Reverse SAR 6240 [may vary Intra as the prices unfold !]
Trend reversal down below 6240 [Positional]

Resistance
6308
6298
Support
6279
6269
Happy trading

9 Things Jesse Livermore said regarding Over trading

1. “Money is made by sitting, not trading.

2. “It takes time to make money.”

3. “It was never my thinking that made the big money for me, it always was sitting.”

4. “Nobody can catch all the fluctuations.”

5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

6. “Buy right, sit tight.”

7. “Men who can both be right and sit tight are uncommon.”

8. “Don’t give me timing, give me time.

and finally, the most important thing:
9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

Jesse was a trader but he knew the value of staying with positions and sometimes not trading at all. Once he began to follow tips from others or trade when he should have abstained, all of his progress had come undone, and with it, his sanity.