Copying a Legend-Rakesh Jhunjhunwala

[hik]

Hello,

here is the full interview link of RJ.

http://deadpresident.blogspot.in/2011/10/rakesh-jhunjhunwala-worst-trading-year.html

iam not saying that he is not a good trader. rise and down will always there in trading,what iam saying is he solely depends upon stock picking,he never care for exits,which is bad,see he gone debt and he still want to hold that trades at that time,and he also says that he never no wat he will gonna do with his positions.

see he is a discretionary trader,which involves psychology for trading decisions and when pshycology involves there is lot more chances/room for errors and which he does.

study carefully the interview u will notice lot of points which r not suitable for a professional trader like he is.

Regards,

Thanks or sharing the article, its nice to read his interview.

 

[Macro Trader]

Rakesh Jhunjhunwala on Himself:

http://www.youtube.com/watch?v=GuiLUxcyvwM

http://www.youtube.com/watch?v=uz5KtGwcMu0

 

[Macro Trader]

Taking my first Trading Position:

Long Silver 2 Lots @ 57526

 

[Macro Trader]

 

[PartTime_Trader]

So i have picked RJ's Trend following strategy and will strictly trade as per it and see if we can acheive results anywhere close to his.

What exactly you mean by "RJ's Trend following strategy"?

What are the rules for entry/exit/SL/Position sizing/Profit booking/Scaling-in/Scaling-out/time stops etc ect etc....???

Cheers
::thumb::

 

[Macro Trader]

Trade no. 2

Long 20 lot 6100 CE @ 63 (March Expiry)

 

[Macro Trader]

What exactly you mean by "RJ's Trend following strategy"?

what i mean with 'RJ TFS' is that it is that this strategy is based on my interpretation of Mr Rakesh Jhunjhunwala's trading metholodogies.

This is a medium time frame discretionary trading system and trading decisions
are taken within some broad parameters.

Once a trend is underway, it is more likely to continue in that direction , so once a consolidation is completed, positions are taken in anticipation of a breakout .

Position sizes are increased after the breakout.

SL are placed below or above the consolidation depending on whether one is long or short.

More explanation will follow as this thread progresses.

 

[Macro Trader]

Currently both positions are in Negative Territory.

 

[PartTime_Trader]

what i mean with 'RJ TFS' is that it is that this strategy is based on my interpretation of Mr Rakesh Jhunjhunwala's trading metholodogies.

This is a medium time frame discretionary trading system and trading decisions
are taken within some broad parameters.

Once a trend is underway, it is more likely to continue in that direction , so once a consolidation is completed, positions are taken in anticipation of a breakout .

Position sizes are increased after the breakout.

SL are placed below or above the consolidation depending on whether one is long or short.

More explanation will follow as this thread progresses.

Hello MT

Thanks for the answer.

I was interested in more specifics about all the above stuff,
the performance of a positional trend following system will take many months (if not years) to be seen.

Anyway, best wishes for your project


::thumb::

 

[Macro Trader]

Exited Silver @ 56999