Lost 1 Lac in mcx , need startegy

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

  1. chandamama

    chandamama New Member

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    Dear friend,
    I think now for the timebeing you must forget mcx trading, bcoz your capital is inadequate to trade. my best suggestion is now you must go for equity options carefully where you can trade with your amount to make some money and after getting your capital increased say about 1 lac then :lol:you can trade in mcx
     
  2. vijkris

    vijkris Well-Known Member

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    1. That big depressive point applies to me as well. :lol: :p

    2. I did bar replay of my strategy with an expectation of 100% return per month, ie approx 5% return per day.
    Frankly speaking i got a thumbs down and how much ever backtest i did ,it did not cross 50% return in a month.
    Quoting my post from other thread:
    So now i have realistic expectation of upto 20% return per month.

    i think inability to pull the trigger itself is a major issue .
    If u have realistic expectation, good risk management and decent strategy which is minimum 45% accurate, then this psychological issue ll resolve in no time.

    U gave a general reply to ur risk management. It has to be improved.
    Go through this post and decide how many shares/lots u have to purchase so that u can survive in this market..

    http://www.traderji.com/risk-money-...-management-rules-you-follow.html#post1182313

    All the Best !!
     
    Last edited: Oct 25, 2016
  3. vagar11

    vagar11 Well-Known Member

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    20% is very good. Is this strategy shared by you on this forum?
     
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  4. vijkris

    vijkris Well-Known Member

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    The strategy is a hybrid , some points taken from vwap and some from 2MA.
    Will share the strategy as soon as possible in my trading diary thread. :thumb:
     
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  5. ecoven

    ecoven New Member

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    @ vinayshah - Yes i also lost about a lakh in 2 months. Here are some things are kept me on profit path since then.Money that you lose is not lost, it will come back to you in future, do not worry.


    Do's
    ---------------
    - Plan a trade and target it with 2 eyes open.
    - Trade the plan and exit once target is hit. Ex: Keeping about 1-2Rs movement as stop loss.
    - Trade small/mini lots instead of 1 lakh at once.
    - Small profit to begin and have a mind-set for a stop loss.
    - One of our fellow trader mentioned pendulum behavior and its true. Keep an eye until exit or entry.

    Dont's
    ----------------------------
    - Say no to INTRADAY, LEVERAGE and everything else that is not yours.
    - Overtrading !
    - Too many indicators
    - Reading garbage that does not help your plan. Read only what helps.
    - Avenging past losses and punching walls.
    - Over depending on weekend spikes.

    Relax after a trade, chill for some time before the next one, celebrate your win even though its a Rs.100 profit( It helps build confidence)

    I have left forex with a mind-set that i will lose my existing account, but i found NOT TRADING with a plan and wasting time is a biggest loss of all.
     
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  6. rjshem

    rjshem Well-Known Member

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    dear vinay shah the above line when I don't play it my analysis goes correct but if I play it then it moves up a little reverses and also ur expectation of 500rs on cap of 10000 daily using leverage sums up ur problem.u need to correct these problems to get profitable nothing else .will post more later when have time that's all for now.
     

  7. rjshem

    rjshem Well-Known Member

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    When i dont play it it moves up when i play it it moves a bit then reverses this above thing it will happen mostly when ur not taking position consistently on ur entry setup. Mostly people decide on an entry but as soon as they get a few loses they stop miss an entry that entry moves big after watching it they get enthusiased curse themselves for not taking that entry then wait eagerly for next entry as soon as they see it pounce on it and that trade goes to loss again they skip next entry and that entry goes big then u get feeling stock moves only when ur not in it but real reason is u not taking consistent entry.so once u decide on an entry setup u need to be consistent in taking it with proper mm but most newbies amateurs commit blunders in this .
     
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  8. aja

    aja Well-Known Member

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    Vinay,I lost 6 lakhs and left with Only 50k
    you lost 1 lakh and left with Only 10k

    That means,every looser left with 10% in their hands and now in a rehabilitation mode? :annoyed:

    Funny thing is,I thought I'm the only in this forum who has left with on the edge capital and was feeling like any BPL Trader,but looking at you(your capital),looks like I'm APL Trader :lol:
     
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  9. aja

    aja Well-Known Member

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