My demo trading (Path to success )

T

teja14

Member
#1
#1
Hi friends,

My market experience.
I was in the market since 2001 onwards and market taken tution fee from me around 4,50,000/- in three stages ( 2001 to 2006 -- 3 lakhs, 2007-2010 --> 1 lakh, 2011-2012 August -->50,000 ). 2007 onwards most of the trades are intraday trades.

I Started demo trading with GCI. Started with 50,00,000/-( why 50 lakhs question may arise). Actually at the time of opening demo account i opted for 5,00,000/-, but it was alloted me for 50,00,000/-.

Account started on November 15th 2012. As on 21st december 2012 my account balance is 51,41,089/- that means 1,41,089/- with in 35 days.

My trading style is mainly EOD based i.e weekly one or two trades(40 to 50 lots) when i felt suitable conditions are there to enter . Very rare i will do intraday trades. In my demo trading mainly i am trading with dax, dowzones,usdjpy.

Trade statistics

total trades : 93
proffit trades: 80 (86.2%)
long positions Won -- 89.47%,
Short positions won --70.59%

My aim is to obtain 95% proffits in demo trading and 10 lakhs proffit with in six months, then i will start real trading.( So when it goes to real trading at least i think i may get 65% proffits even after consideration of psychological obstacles of fear and greed and high fluctuations).

Seniors, am i greedy on my aim to obtain 95% proffits in demo trading?
 
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R

Reggie

Well-Known Member
#2
#2
Teja,

In demo account, you can also attain 1000% returns, there is no issue with that. In reality if you compare demo trading to real trading, the same can be compared to a dummy sword fight vs. an actual one.

I only hope for yoursake you have learnt from the losses of the of the past. In this case its obvious the lot size you trade with and carry overnight can give you stupendous profits, or wipe you out the next day. If you replicate your dummy trading in real life, it is likely to give you a lottery or kill you.

Trade safe and good luck.

teja14 said:
Hi friends,

My market experience.
I was in the market since 2001 onwards and market taken tution fee from me around 4,50,000/- in three stages ( 2001 to 2006 -- 3 lakhs, 2007-2010 --> 1 lakh, 2011-2012 August -->50,000 ). 2007 onwards most of the trades are intraday trades.

I Started demo trading with GCI. Started with 50,00,000/-( why 50 lakhs question may arise). Actually at the time of opening demo account i opted for 5,00,000/-, but it was alloted me for 50,00,000/-.

Account started on November 15th 2012. As on 21st december 2012 my account balance is 51,41,089/- that means 1,41,089/- with in 35 days.

My trading style is mainly EOD based i.e weekly one or two trades(40 to 50 lots) when i felt suitable conditions are there to enter . Very rare i will do intraday trades. In my demo trading mainly i am trading with dax, dowzones,usdjpy.

Trade statistics

total trades : 93
proffit trades: 80 (86.2%)
long positions Won -- 89.47%,
Short positions won --70.59%

My aim is to obtain 95% proffits in demo trading and 10 lakhs proffit with in six months, then i will start real trading.( So when it goes to real trading at least i think i may get 65% proffits even after consideration of psychological obstacles of fear and greed and high fluctuations).

Seniors, am i greedy on my aim to obtain 95% proffits in demo trading?
Click to expand...
 
T

teja14

Member
#3
#3
Thanks Reggie,

Is it easy to earn even in demo trading? Except real money,fear& greedy all other market conditions are remain same. Earlier i failed in demo trading also 3 to 4 times simultaneously at the time of doing in real trading.

But i agree that much lot size gives stupendous proffits or wipeout the account in overnight. In real trading (future ) i will take small positions with money management when i get the opportunity to enter the trade.

yes, so far i learnt from my mistakes in the following manner.

01.Trading style -- 80 to 85%
02. Emotional management -- 50%
03. Money management
& positional management discipline -- 40%

So, I still to learn much in Emotional, Money/positional management discipline. Some where i read trading is 30% system,70% discipline.

once again thanks for good guidelines.
 
T

teja14

Member
#4
#4
Thanks Angry Trader,

Definetly i will show my results after start the real trading. My little brain can't able to understand, is it really anyone can get 200% in demo account? As per my experience without proper system we have to loose in demo trading also. ofcourse, only advantage is psychological factors will not play much. All other market conditions are remains same.
 
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T

teja14

Member
#5
#5
Thanks Mr.Mdenamul1,

Thanks for your optimism on me. I never take such large positions in real trading. I know its a path to disaster.
 
N

natjay

Well-Known Member
#6
#6
The most important factors are (1) Psychology, (2) Method, and (3) Money Management. Everything you gain or lose is primarily because of 3 these factors.

Whatever your startup capital going live, never risk more than 2-5% on any trade. That way, a single trade won't wipe out your balance and you can trade profitably even with a 60-40 win-loss ratio.
 
T

teja14

Member
#7
#7
As on 22-12-2012 profit is Rs.1,41,089/-(35 days from starting the A/C). As on 17-01-2013 profit is Rs.3,37,046/-(61 days from starting the A/C).Trade statistics file attached.
 
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T

TT2011

Member
#8
#8
1. Stay away from GCI.

2. Demo trading is waste of time. Open live account (need Rs. 10,000/- only) with some company approved by SEBI. Stay away with others... especailly who offer 100% bonus amount matching your deposit amount.

3. Deal with USD/INR. It has more liquidity.

Best of luck :)
 
T

teja14

Member
#9
#9
TT2011 said:
1. Stay away from GCI.

2. Demo trading is waste of time. Open live account (need Rs. 10,000/- only) with some company approved by SEBI. Stay away with others... especailly who offer 100% bonus amount matching your deposit amount.

3. Deal with USD/INR. It has more liquidity.

Best of luck :)
Click to expand...
can you please tell me which company is approved by sebi for forex/international indexes trading in india.
 
T

TT2011

Member
#10
#10
I don't have any such list but I think most of leading companies like sharekhan etc are approved for forex trading in India.
 
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