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1 Lakh to 4.5 Crore in 5 Months..Possible?

Discuss 1 Lakh to 4.5 Crore in 5 Months..Possible? at the Derivatives within the Traderji.com; Thats an average of ~3 laks a day..... Why not try to make 3 laks ...


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  #11  
Old 22nd June 2009, 04:53 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

Thats an average of ~3 laks a day.....
Why not try to make 3 laks in a week first on paper trade.
All the best and use your money wisely coz in the markets you will find a lot of hungry wolves waiting for innocent,misguided investors/traders.



Quote:
Originally Posted by pradeep161 View Post
I am working in a Job and also Trading.I am having a Good Goal which is Due in December 2009 for which I need a minimum of 4.5 Crore and after analysing I have decided to do it from Trading.My Mind tells me it is Impossible to Achieve,My Heart tell me it is Possible to Achieve.I know there will be Failures,there will be Obstacles, but I will need to keep Overcoming them.In this Path,I will need support and encouragement along with Criticism from all of you so I could correct my Path as Far as I can!I will be Posting on what Stocks I traded at the end of the Day,if i Trade on that Day.

I will be following these Points(Please feel free to Criticise/Caution if any)

Start Date: 06/22/2009(June 22nd 2009)
End Date: 12/31/2009(December 31st 2009)
Capital: 1 Lakh
Market: Equity/Futures and Options(Know the Basics,Have to Learn More)
Broker:Religare/ShareKhan
Money Management Method: Leverage using 1 Lakh as margin for Intraday 4 times till 5 Lakhs.
Maximum Loss Can I take : 10% of 1 Lakh.
Maximum Number of Trades in a Day: 10
Trading Methods: 5 ma,Pivot/Support/Resistance Level and will learn more.Have to Learn a Strategy which can work Combine all these or a new one which can help cut the Losses and Provide Profits
Resources: 1 Pentium 4 System 5.66 Ghz Processor with 504 Mb Ram , Odin Diet Terminal from Religare, Internet Connection with speed of 65 Mbps.

Please guide me with your Feedback and Criticism.

Thank you all!
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  #12  
Old 22nd June 2009, 08:24 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

Quote:
Originally Posted by pradeep161 View Post
Internet Connection with speed of 65 Mbps.
My eyes are glued to this statement. Is this speed of your office internet ?
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  #13  
Old 22nd June 2009, 08:26 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

NOT POSSIBLE. DONT BE IN IMAGINATION WORLD.
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  #14  
Old 23rd June 2009, 11:22 AM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

Sometimes.... A long term investment is actually a short term investment that failed !!!!!!!!!
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Old 23rd June 2009, 03:25 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

possible. All the best.

naren
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  #16  
Old 23rd June 2009, 03:40 PM
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Cool Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

Quote:
Originally Posted by terminator_123 View Post
My eyes are glued to this statement. Is this speed of your office internet ?
It is an average Speed of Home and Office.
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  #17  
Old 23rd June 2009, 06:48 PM
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Smile Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

Hello All,

Date: 22nd June 2009.

First Day's Trades for the Goal

Goal Performance Report

Loss: 12936.13

Mistake: Impatience,Got Frustrated when after Buying Stock Price Fell down and when after Short Selling , Rised Up.

Rectification: Will not let Emotions run a Havoc.

Please Suggest..Feedback
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  #18  
Old 23rd June 2009, 07:13 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

Hi Pradeep,
Do you have a strategy in trading, which will give you profit everyday. If so go for it, if not don't even try to do so. As i am a guy who already lost more than 2 lacs. Now i am following a strategy and doing paper trading till the time i am 100% confident.
I would like to help you in this matter and if you succeed you could reach your target. This man called pride is great... just follow the link and we all who are trading with this strategy is updating daily charts for futures and EQ....
http://www.traderji.com/day-trading/...veryday-8.html

goodluck.. God bless you.
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  #19  
Old 23rd June 2009, 08:33 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

pradeep looking at your trades , you are over trading. your a/c is small and your delivery brokerage is eating your profits.
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  #20  
Old 23rd June 2009, 10:26 PM
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Default Re: 1 Lakh to 4.5 Crore in 5 Months..Possible?

you mentioned that max loss you can bear is 10% (10,000)
Than why you loose 12936.13. you should have more control over losses.
One suggestion reduce your max lose from 10% to 3-4 %
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