Day Trading Stocks & Futures

[Shiv12345]

No noise here today?
Bought BN 26800 CE at 52.70

Not much noise even now

NOISE TEST:- eeeee ..... aaaaaaaaa ........ eeeeee ...... Dhuk dhuk dhuk dhuk ....... Tik tik tik .......

 

[Shiv12345]

being late for market hrs is a serious offence against yourself, if you are a full time trader.
many opportunities missed whenever i am late.

same here.. got up at 11 am from sleep .. but not a full time trader.. and no open positions.. on a 15 day vacation from market

Koi baat nahi yaar.... Waise bhi BIG trades second half mein hee milte hein.

 

[Shiv12345]

what is proper money management .. any links / videos to explain the same with live example ? .. heard it a lot but not sure what it is ..

raj232 ur a pretty experienced guy so u know what it means . think i have said enough about it in a lot of my posts and thers a lot written on it here as well(Can check STs post on it hes written it beautifully) .here is one gem of it.

Trade 1% of your trading capital on each trade. Increase the % only after you reach 50 % profit on your trading capital....This should take about 3 months. Then at the end of 3 months devide the profits equally between trading capital and risk capital.....continue trading 1 % of your trading capital.....and trade 4-5 % of your risk capital......let this continue for 100 % profit....then repeat the same step.....

Let us take an example...say your Initial trading capital is Rs 5 Lacs......you make 2.5 L profits devide that 50:50 ...so trading capital now becomes 5+1.25 =6.25 L and your risk capital is 1.25 L now on each trade you take 1 % of 6.25 L plus 5% of 1.25 L = 6250 +6250 = 12,500 on each trade......continue this till your trading capital + Risk capital becomes 15 L ....then same steps.....

If you find 5 % too large, then go for 3-4 % of risk capital but this compounding will increase your trading capital exponentially without taking undue risk with your trading capital which goes on increasing continuously.

RJ sir, whatever you said is fine but I believe it depends on individual to individual how they frame their own rules of 'Money Management' as per their requirement. For example, in my case, using 1% of trading capital doesn't make much sense. I suppose it also depends on the size of business capital. But yes, with proper use of Stop Loss, one can protect his/her capital with utmost efficiency. Making entry at right levels is the key. Risk increases when a trader enters in a trade far away from meaningful Stop Loss. Hence, it affects his/her risk-reward ratio.

 

[Shiv12345]

being late for market hrs is a serious offence against yourself, if you are a full time trader.
many opportunities missed whenever i am late.

Yes sir. For a full time trader, alarm clock is MUST.

 

[Shiv12345]

proper money management

what is proper money management .. any links / videos to explain the same with live example ? .. heard it a lot but not sure what it is ..

You are asking this now after actively being a part of trading world for so many years. Hahahahahaha .... Man this is hilarious.

 

[Shiv12345]

I am curious to know - what intraday indicator do you guys use? What's your preferred one in different conditions?

Different indicators at different times.. Not a single one works well at all times so end up changing timeframes, juggling those numbers etc..

EW is by far the biggest indicator in the world. Hands down ....... Thank you.

 

[Raj232]

thanks vikas,
i think we are following WT crude at MCX if i am not mistaken. Please add that analysis too.

I always thought it was US Crude not WT crude.. correct me if i'm wrong

 

[Raj232]

You are asking this now after actively being a part of trading world for so many years. Hahahahahaha .... Man this is hilarious.

Different people call diferent things e.g. money management, risk management, tight stop loss, etc etc.. so I thought better to clarify
I'm just another Gambler in the casino.. , so far my luck wan;t that good.. but my luck will be getting better sooner

 

[Raj232]

EW is by far the biggest indicator in the world. Hands down ....... Thank you.

EW also has 2 counts at any given time, either one going up or going down..

 

[pannet1]

I always thought it was US Crude not WT crude.. correct me if i'm wrong

you are right. am i right too ?