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My Nifty Trading system - Should I scale up?

Discuss My Nifty Trading system - Should I scale up? at the Futures within the Traderji.com; Hi Friends, I am giving below my live Nifty trading performance from 9/11/2015 till 29/01/2016 ...


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Old 30th January 2016, 09:50 PM
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Default My Nifty Trading system - Should I scale up?

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.

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Last edited by deba72; 18th February 2016 at 09:38 PM.
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Old 30th January 2016, 10:17 PM
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Default Re: My Nifty Trading system - Should I scale up?

661 points gross profit with 2 lots => 330 points per lot , right ?
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Old 30th January 2016, 10:38 PM
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Default Re: My Nifty Trading system - Should I scale up?

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Originally Posted by TraderRavi View Post
661 points gross profit with 2 lots => 330 points per lot , right ?
Total gross profit has been 661 points and I have almost always traded two lots except initial few trades.
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Old 30th January 2016, 10:41 PM
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Default Re: My Nifty Trading system - Should I scale up?

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Originally Posted by deba72 View Post
Total gross profit has been 661 points and I have almost always traded two lots except initial few trades.
do you exit both lots together , or exit one lot at some points profit and trail 2nd lot.
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Old 30th January 2016, 10:43 PM
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Default Re: My Nifty Trading system - Should I scale up?

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do you exit both lots together , or exit one lot at some points profit and trail 2nd lot.
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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Old 30th January 2016, 10:50 PM
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Default Re: My Nifty Trading system - Should I scale up?

real trades or just backtested them? sorry if this query offended u
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Old 30th January 2016, 10:51 PM
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Default Re: My Nifty Trading system - Should I scale up?

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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Old 30th January 2016, 11:00 PM
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Default Re: My Nifty Trading system - Should I scale up?

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real trades or just backtested them? sorry if this query offended u
Nothing to be offended about. These are real trades.
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Old 30th January 2016, 11:09 PM
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Default Re: My Nifty Trading system - Should I scale up?

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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Old 31st January 2016, 01:16 PM
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Default Re: My Nifty Trading system - Should I scale up?

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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