NYMEX Crude Vs MCX Crude - Trading Diary

After Some Live Practice on CrudeOil Trading on NYMEX and MCX, Just wanna to maintain this thread as a Trading Diary with my own views.

Tick Size on NYMEX Crude :

0.01 - $10
0.02 - $20
.
.
0.10 - $100

Daily Target - $100

Tick Size on MCX Crude :

1 Point - Rs 100/-
2 Points - Rs 200/-
.
.
10 Points - Rs 1000/-

Daily Target - Rs 1000/-

Preferred Trade Time - After 6 PM
Trading Plan, Money Management 'll be follow as per Customized Set up.,

RPS.VINOD

sir how much % profit target of capital , daily 1% ?

Hi TR,
For MCX - Rs 50K
For NYMEX - Rules are flexible based on Prop Firm.,

Hope some theory rules are not fit into live trading.

RPS.VINOD

and position size ? how many mcx lots ?

Hi TR,

Never Cross more than 2 lots on both market, But always play with 1 lot.

Refer the below image u get some idea, how to choose my entry with very tight stop..Some times i 'll do scalping., At the end of market i want to be green end, or at least protect my capital with small draw down.





Regards,

RPS.VINOD