My Nifty Trading system - Should I scale up?

Discussion in 'Futures' started by deba72, Jan 30, 2016.

  1. deba72

    deba72 Well-Known Member

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    Hi Friends,

    I am giving below my live Nifty trading performance from 9/11/2015 till 29/01/2016 i.e for a period slightly shorter than 3 months. Based on my system - which is a pure intraday model with no carry forward trades - there were 82 trades in this period and total cumulative profit generated is 661 points. This profit is inclusive of transaction costs. I normally trade two lots with a discount broking house and my round leg total costs comes around 1.65 points. Therefore these costs have to be deducted from the gross profit of 661 points. I am attaching few files which chronicles the trade-wise P&L as well as cumulative P&L chart. Max profit in any trade is 106 and max loss is 30. Longest losing streak involves 4 consecutive trades totaling around 60 points loss.

    As stated earlier my trade size is two lots i.e 150 Nifty. Now the question I am asking myself is should I scale up my trade sizes based on the above performance. Though I am trading this system live for last three months but I am paper trading this for more than a year now and it has delivered more or less consistent results. But the main problem I am facing whether I would be able to counter the mental stress associated with higher quantities and still stick to my system like a robot.

    I am seeking advise from experienced TJ traders on the way forward. Any suggestion / views from members here are welcome.

    Thanks
     
    Last edited: Feb 18, 2016
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  2. TraderRavi

    TraderRavi Well-Known Member

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    661 points gross profit with 2 lots => 330 points per lot , right ?
     
  3. deba72

    deba72 Well-Known Member

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    Total gross profit has been 661 points and I have almost always traded two lots except initial few trades.
     
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  4. TraderRavi

    TraderRavi Well-Known Member

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    do you exit both lots together , or exit one lot at some points profit and trail 2nd lot.
     
  5. deba72

    deba72 Well-Known Member

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    I always enter and exit full position at one go. Generally market buy or sell and for stoploss also I use SL-M
     
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  6. copypasteaee

    copypasteaee Well-Known Member

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    real trades or just backtested them? sorry if this query offended u :)
     

  7. TraderRavi

    TraderRavi Well-Known Member

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    what is good in your system is very low losses , hardly any losses over 10 points per lot.(10 x 2 =20 )
     
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  8. deba72

    deba72 Well-Known Member

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    Nothing to be offended about. These are real trades.
     
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  9. copypasteaee

    copypasteaee Well-Known Member

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    looking very good atm but the real test would be a range bound month. The last three months were not much challenging. i am personally sitting on a profit of 600+ points in Jan month alone. wait for some difficult month (small range Doji on monthly TF) then scale out after its result.

    best of luck.
     
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  10. natjay

    natjay Active Member

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    Here's what I suggest -- Keep trading your current lot/trade size for the next 4 months (till May, i.e., 2 months left of this financial year and 2 months into the new financial year). Evaluate your progress during this time period.. If you're able to consistently repeat your success during this time then start scaling from June onwards.
     
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