Intraday Profit / Loss MGM

Discussion in 'Risk & Money Management' started by wabuf, May 3, 2016.

?

My MGM Method

Poll closed May 3, 2017.
  1. Run with Your Profits/Loss ASAP

    60.0%
  2. Lets Wait for Reversal

    26.7%
  3. Getting/Lossing 50% on my trading capital . I am DONE

    0 vote(s)
    0.0%
  4. Overwaiting for BIG Profit/Loss

    6.7%
  5. No method . Upar wala karega jo karna hai :D

    13.3%
Multiple votes are allowed.
  1. rjshem

    rjshem Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    594
    Likes Received:
    1,576
    Trophy Points:
    93
    Great wabuf looks now ur finding ur holy grail keep going all the best .
     
    wabuf likes this.
  2. tarun1313

    tarun1313 Member

    Joined:
    Nov 5, 2016
    Messages:
    86
    Likes Received:
    49
    Trophy Points:
    18
    Hi,

    Can you please share your strategy if you don't min?

    May be it'll help some beginners like me
     
  3. wabuf

    wabuf Well-Known Member

    Joined:
    Sep 29, 2015
    Messages:
    264
    Likes Received:
    265
    Trophy Points:
    63
    yea man sure .
    This is my strategy -

    1. Trade as small as possible until you learn . People make 2-3 consecutive winning trades and assume to be the next paul rotter . Just dont do it.

    2. Accept losses and move on. Its history now .

    3. Be realistic . trading 100 shares ? aim 100 only initially. Later you will know when to hold on your positon . (I learn this from traderji forum .. you have to dig it up :thumb:)

    4. strategy [a]: Initially was trading on support and resistance only . Now that you have to find out whats support and resistance . search investopedia.
    search martin pring.

    5. startegy .: now using 10/20 ema & and not using for crossovers for trading. I dont trade crossovers. I just see its movement . I dont know how to explain moving averages on internet man . sorry . I Just see it happening on chart .
    >> its simple , two moving average entangled = dont trade = its in whipsaw
    >> moving average far apart = tradeable


    6. search rayner teo on youtube . I already did some analysis on my own but watching his videos confirmed some of my points . I mean two people concluding the same outcome .

    7. i am still a small trader . very small.

    8. I still explore indicators though just to see what it does and how to trade it . just to get some idea which may improve my startegy .

    9. I havent backtested my strategy even once .


    PS : all indicators lag.... every indicator is derivative of price /// price action and support resistance is literally 0 lag indicators if you want say .

    Happy trading
     
    tarun1313 and vijkris like this.
  4. wabuf

    wabuf Well-Known Member

    Joined:
    Sep 29, 2015
    Messages:
    264
    Likes Received:
    265
    Trophy Points:
    63
    Hi traderji members !!

    How are you all ... hope everything is fine ..

    This is a very crucial post # 1..

    1. started my trading journey in 2014 .. its FEB-2017 now ..

    2. So during this journey I lost around 40000.. trading very small quantities (initially 1000 then to 50 and 25 and trading thousands of times .. just to learn markets) .. and TODAY is the day i have recovered
    my all losses . i made today 58 rs .. so it went from -40000 to +40058 . i.e 58 RS pure profit .

    3. initially collected so many afls . after testing (and not able to trade :D) all these ..i moved to support resistance . Then dual moving average .. now i have just 50EMA and macd on my chart and nothing else ..

    4. 1 thing I also learned that instead of having a watch list of 200 stocks i just have 2 stocks in my WL. its tatasteel and vedl only. I now trade these two stocks . Its more easy to concentrate now .

    5. also moved from concentrating and getting hyper on profits to a calm sl managment only . i dont worry any more on profits .. if it has to come it will come .. just save and manage what I have .

    6. i will now learn option from traderji asap.

    7. this is a crucial post 2 me because from TODAY i promise my self to not make any trading mistake again or make it to the least .

    8. will update next when something crucial happens again :D

    good luck
     
    vagar11, aja, TraderRavi and 2 others like this.
  5. okabira

    okabira Member

    Joined:
    Sep 14, 2016
    Messages:
    74
    Likes Received:
    80
    Trophy Points:
    18
    oh great !!
     
  6. aja

    aja Well-Known Member

    Joined:
    Nov 19, 2015
    Messages:
    740
    Likes Received:
    856
    Trophy Points:
    93
    I went through all 7 pages of this thread wabuf bhai.Very Nice.
    You have became a mature trader now.Happy to see you have recovered your all loss and moving forward.
     

  7. aja

    aja Well-Known Member

    Joined:
    Nov 19, 2015
    Messages:
    740
    Likes Received:
    856
    Trophy Points:
    93
    Whats the difference between 50SMA and 50EMA(which you said you are using)?
    Both looks same to me.
     
  8. Rohitt

    Rohitt Member

    Joined:
    Mar 13, 2017
    Messages:
    57
    Likes Received:
    20
    Trophy Points:
    8

    The value for both will be different as there is difference between sma & ema
     
  9. wabuf

    wabuf Well-Known Member

    Joined:
    Sep 29, 2015
    Messages:
    264
    Likes Received:
    265
    Trophy Points:
    63
  10. aja

    aja Well-Known Member

    Joined:
    Nov 19, 2015
    Messages:
    740
    Likes Received:
    856
    Trophy Points:
    93
    Nice Analysis :)

    I too track VEDL along with Axisbank and Hindalco.
     
Loading...

Share This Page