1 Lakh to 4.5 Crore in 5 Months..Possible?

Discussion in 'Derivatives' started by pradeep161, Jun 21, 2009.

  1. terminator_123

    terminator_123 Active Member

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    I hope you are following some system or something. If not please do so. Looking at the excel sheet you have posted, I'm sure you are over trading. In general if we are good at this, it doesn't take more than 3 trades (thats max limit I keep) to make decent amount. As regardson has adviced, if you have access to a charting software, follow pride's method for some time. If you don't have access to one, stick to nifty options with floor pivots system as its kind of simple.
    Since you are a beginner, stick to one stock/future of your liking and keep track of the daily movements, levels etc. This will definitely give you confidence. And finally bring your stoploss down (to 2-3% of account size).
     
  2. pradeep161

    pradeep161 Member

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    Thank you for the Encouragement:thumb:
     
  3. priyanvada

    priyanvada Well-Known Member

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    .....Who's he?????????
     
  4. parul.sirohi

    parul.sirohi New Member

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    Hi,
    it is not impssble to get 4.5 cr in 5 mnths, the earning ratio of successful day traders is 3 to 6% in a day. if you use levrage upto four times, ur investment will be 5 Lac and if you get daily return of 5%, ur monthly yield will 2.65 times (taking into consideration 5% daily compounding and 20 working days in a month) if this target is achieved then 4.5cr is a short target. you will get Rs 6,54,24,359.00

    So carryon, cheers
     
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  5. Sunny1

    Sunny1 Well-Known Member

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    Yeah tell who is he? earning 36lacs :cheers:
     
  6. baban

    baban New Member

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    Too big a goal, but not impossible, actually nothing is impossible in market. Experienced traders have already suggested you to have a trading strategy, which is definitely a must.

    Apart from good wishes i have two minor suggestions. Stick to F&O market, that is the only platform to achieve such a big goal, and try to have a better brokerage package. You are paying lot of brokerage. Have a look at rk global, as per my knowledge they offer lowest brokerage against a nominal monthly fee.

    Try commodity futures also, as margin is lower than stock market and trading hours are much much longer (upto 11.30pm). But start with studying and paper trading in this market, as volatility is also very high.

    All the best.:thumb:
     
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  7. pradeep161

    pradeep161 Member

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    The Trades for the Last week (22nd June 2009 to 26th June 2009 )are posted at the below Link.

    Goal Tracker

    Please have a look and suggest me Feedback.Going on the Suggestions of well wishers Regarding the Delivery I am trying to open another account with Sriram and Reliance Money.It will take some time.Until then, the Same a/c will be used.
    I have tried to convert the Losses into a Bit of profit.
     
  8. arp11

    arp11 New Member

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    if u can risk jst 10% of 1L, wonder what risk reward ratio ur aiming at
     
  9. pradeep161

    pradeep161 Member

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    I am looking at a Risk Reward ratio of 54:200 where i am utilising a leverage and risk of 50% of the base capital.
     
  10. pradeep161

    pradeep161 Member

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    Thank you for the Suggestions.I have already Started in Futures and Options is 1 Thing which I have not yet got a simple way, and nor have i Understood it.Can anyone help me with that?
     
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