Crude Gold and Silver

[gkpc]

You need to plan your "exits" ! If you are trading multiple lots, try to find an optimum profit level to exit.
If you are trading a single lot, may be you would like to move down to smaller lots but multiple quantity. In this way your risk remains same but may be able to plan exits better.
In your Excel find that BIG profits were there to be taken but ended in a trifle.
Must say, nice levels indeed, though not much is revealed by way of SL being applied.

 

[Xitij]

You need to plan your "exits" ! If you are trading multiple lots, try to find an optimum profit level to exit.
If you are trading a single lot, may be you would like to move down to smaller lots but multiple quantity. In this way your risk remains same but may be able to plan exits better.
In your Excel find that BIG profits were there to be taken but ended in a trifle.
Must say, nice levels indeed, though not much is revealed by way of SL being applied.

Thanks. Any pointers in this direction of part exits? How to ascertain at what levels to exit partially or fully !

 

[Xitij]

Snapshot :

CRUDE : Trade 1 : Max profit possible was 37100, exited at 24300
Trade 2 : Trade open, max move done 47500, closed at a Profit potential of 44000.

GOLD : Trade 1 : Max profit move was 211400, exited at 146300
Trade 2 : Max profit possible was 26900, exited at 6300
Trade 3 :Max move was +11800, closed at a potential loss of 24400/-
(Open)


SILVER : Trade 1 : Max profit 26250, exited at 6240
Trade 2 : Max profit 63720 exited at a loss of 2430
Trade 3 : Max profit 25800 exited at a gain of 10770
Trade 4 : Max profit 41970 exited with 15270 gain.
Trade 5 OPEN : Gave profit opportunity of 12660, has closed at a
potential loss of 334/-

Need guidance for Partial exits !

 

[rakeshctips]

Your calls are really profitable. Keep share. Thanks

 

[Xitij]

Your calls are really profitable. Keep share. Thanks

Difficult to update in real time.

 

[Xitij]

My position till now :

 

[Xitij]

My position : As on 21st feb 2014

 

[blisscapital]

My position : As on 21st feb 2014

You are doing gr8..r u trading them realtime or on paper?

 

[Xitij]

These are actual trades with real money. The catch is that we are 5 friends in Infosys Mysore campus trading it together. We share the spoils.
We have been trading these since May 2013 and have done good in terms of profits. Trading being done in a group helps us to trade consistently without break.
It all started for fun but then we started enjoying the challenge more than the money we were making.
Though as per our calculations based on historical data we think its better to trade Intraday but at present we dont have the time for it.
Planning to develop some java based application to Auto trade but have been warned that at times the Auto trade can trigger levels much away than intended.
Any ways for the time being we are content with what we are doing and have sought guidance for "seasoned trader" like Tamil Trader for Partial exits and targets.

 

[manjunnovates]

@XITIJ For exits, you can use pivots for sure or ATR which i have heard of.