Lost 1 Lac in mcx , need startegy

Discussion in 'Commodities' started by vinayshah, Oct 13, 2016.

  1. suri112000

    suri112000 Well-Known Member

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    1. Avoid MCX trading.
    2. Trade Equities without leverage.
    3. Long term survival is the key.
     
    Last edited: Oct 15, 2016
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  2. pannet1

    pannet1 Well-Known Member

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    it is crime to trade on another's money including your dad.
    no technical or fundamental stuff work consistently.
    imagine that the exchange can see all your unfilled trades and will hit your stop loss and then move in your trade direction.
    think that you will have to win your every trade but you are allowed to enter 2 more trades before making a net profit .
    you are young get life and do some other profession.

    Sent from my 6043D using Tapatalk
     
  3. masonicinvestor

    masonicinvestor Member

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    Bro, Single suggestion, before taking advice from people who themselves lose money everyday. Think about it, if these things worked everyone would be rich. Invest for the long term properly and dont run after get rich quick schemes. Unless your a gambler and you want to piss your hard earned money away.
     
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  4. vijkris

    vijkris Well-Known Member

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    1. Intraday trader need not be profitable everyday. Being net profitable per quarter is good enough to be called a "winner".
    BTW please don't generalize that all are loosers here.

    2. A real trader is not a gambler. U should spend more time in the forum to meet real traders. May be u met only gamblers.

    3. Request u to start a new thread and tech us about long term investing.
     
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  5. tradertrader

    tradertrader Active Member

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    No one can guarantee whether intraday or long term. We dont know our next 5 minutes exactly and we are talking about long term. Important is good trade and quantum of money you are putting. If you dont have any knowledge then you can trade any time frame you will never made money consistently. People by reading some books or listening news channel get acquainted with some jargons like intraday or swing or day trader or long term or short term. Important is to identify the opportunities. Whenever you are coming for investment or trading means you are speculating your money. When you are uninformed or taking unnecessary leverage or putting stop loss based on wrong entry like every time 1% of your capital means you are gambling. Wherever you put your money anywhere where return is not fixed is speculation. Need to understand your need. If you putting money Rs 50000 and made monthly 2500-5000 totally waste. Better keep in bank. If you have big money with you like Rs 50 lakhs / Rs 1 crore and making Rs 3-5-10 lakhs per month meaningful as a trader. If you invest in shares suppose and investing at a time when all market is just near top what is of use. You need to wait for big crashes then put money slowly for 5-8 years then may be little meaning. And someone saying dont trade in mcx. Atleast you are trading something physically exist but what is use of trading papers.You are investing for ownership in company are you really getting ownership. Secondly whether bse/nse/mcx/ncdex all is scam because they are lots of manipulation even price are coming from international market in mcx specially. If you want to trade nifty how you trade properly everytime. Because all standard indexes of world are interrelated. They rise and fall in same way. Like if dow and European market is in red nifty opens in gap down or gap out. You will not get much opportunity as in other indexes which open for long hours nearly 23 hours in cash. In commodity many big movement happens after market close as all commodities like gold, silver, crude, Ng, copper opens for 23 hrs for day approximately.So all is huge scam by Government itself. If they really want to protect they have to synchronise with global markets but they dont care and say we are globalised.

    Trading is very easy and very complex. It is upon us how we deal with it. All depends on your capabilities. Someone is saying many loser here or gambler here. I dont have heard anyone is this world who never lost before or after being successful. May be ratio of their losing and yours is different. There is no one sided game for any business of world. First assure your strategy you are following is convenient for you whether anyway then jump. And dont blame anyone and put question on anyone ability because sachin, shewag, dhoni all are different but all are good in their way. Risk is every where and rewards is based on your risk. Just take it as business not as lottery tickets. Rest you grow based on your learning and experience. But you dont have attitude to learn or accept your mistakes then you never grow for sure. You should be dynamic like market.Thanz
     
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  6. suri112000

    suri112000 Well-Known Member

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    If you are trading Nifty futures, the initial stop loss is 60 points away from entry level. In case of Gaps against entry the stop is jumped by another 150 points. No jokes with such stops. Thats how most of earning traders keep their stops to avoid volatility swings.

    It so happens that our initial stop is either hit or jumped by a huge margin.

    Even if we consider stop loss 60 points, we loose Rs.4500 in a single trade. If the stop is jumped by Gaps we may loose somewhere 200 points ie Rs.15000.

    All of the Money Management rules shout that we should not risk more than 1% of our capital in any single trade.

    To withstand Rs.15000 loss in a single trade, you should have a capital base of Rs.1500000.

    How many traders are trading with Rs.15 lakhs for 1 lot of Nifty.

    I see here people trading 4 lots with Rs.1 lakh capital. If 60 points stop is considered, then Rs.18000 is lost in one SL hit. That is 18% loss. If any body is risking 18% on a single trade, who is going to save him.

    No need for advices. Just take out your past trades and see how much percentage of capital you have lost on each trade. You will understand where the problem lies.
     

  7. davincy

    davincy Member

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    Practice support and resistance trading with price action. It is working 15mins to weekly chart timeframe.You will win and recover your money.

    Davincy
     
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  8. vijayanscbe

    vijayanscbe Well-Known Member

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    9/9/16 around 2.30 Nifty futs 8940, Next session 12/9/16 nifty tanked 140points, 8800 around 10.00.

    If I had taken the nifty longs at 8940 + 8900pe(138rs) hedge.
    Next session 140 points loss in Nifty futs and 67rs profit in PE gives gross loss of 73rs.

    If I had taken Nifty short with 9000ce hedge, 140 points profit in futs and 47rs loss in 9000ce (124-77). Gross profit of 93rs.

    If you are ready to lose some profit by hedging, big gaps wont hurt.
    Gaps occur mostly after weekends, holidays. Avoid the ovenight positions in weekends, unless your current position is in huge profit and still momentum is favourable for your position. Else use shock absorbers (hedge).


    For example, If my risk is 1% and 1.5 lakh per nifty futs.
    If My account size is 3lakh, I will trade 2lots in intraday and 1lot for overnight position with hedge. You can not maintain 1% risk in overnight positions. But you can maintain with in 5% with hedging and reducing the lot size to half.

    Important point , If you are not a consistent-profitable-Intraday-future trader , Then never think about over night positions.


    .
     
  9. CommoBro

    CommoBro New Member

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    There are 3 keys to trade commodity.

    1) Commodity is not equity, do not hold your position for long, it is like pendulum, move in and move out fast.
    2) SL and trend are your friends.
    3) Trade as if there is no leverage, and you will be good.
     
  10. vinayshah

    vinayshah New Member

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    Thank you guys for replies .. my internet is down so couldnt reply ,, will reply to all once broadband gets working ... need some time.. phone internet is not so good . bare with me
     
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