Earn 15 lacs in 21 months with 1 lot of Minifty??

ravalsb · #11 16th April 2008, 10:04 PM

Dear Leo,

I think its possible, but have you traded in futures before?

Regards

Quote:

Originally Posted by leo_3455

Hello Seniors:

Consider this scenario. We start trading with 1 lot in Minifty Fut (investment/deposit of 24,000). We get a monthly gain of 300 points (i.e. 300 x 20 = 6000 in profit). We do this for 3 more months. In the 5th month (6000 x 4 = 24000), we trade with 2 lots, etc. Please see the excel sheet attached.

Extending the above, in 21 months, we will have a profit of 15 lacs + your investment of 24,000.

As you would have rightly guessed from the above ambition, I am a newbie.

Now, how far this is possible? How easy or difficult is it to maintain +300 points monthly. Is it a reasonable target to achieve and achieve every month? I plan to trade with a 20 point stop loss, is it a good idea?

What would be your advice to me?

Cactus · #12 16th April 2008, 10:18 PM

Quote:

Originally Posted by ccmb420

Your responce suits your name too!!!! As prickly as a Cactus...

Can u tell what seems prickly to u......

Quote:

Originally Posted by ccmb420

Very bad taste dear...... No way to respond to a a very valid idea by a newbie....

What bad.......?

Where I said the idea is in-valid......??

I just added.......15-20 points per trade......10-15 trade per day......(though 10-15 trades may be hard so one can limit to 5-6 trades......

Quote:

Originally Posted by ccmb420

CV wont say anything abt your view

CV wont say anything because he know the facts......target of 15-20 points per trade can be easily achived by a day-trader.......with 60-70% of right trades.

Regards.

CACTUS

pspatel · #13 16th April 2008, 11:01 PM

Hi Leo!
300+ in the beginning maybe tough but you can try for half ie 150+ {which could be achieveable if you have a good trading system & have tight stop loss in place } considering that you will have some negative moves too but its surely tough (though it may sound easy).
Remember money keeps changing pockets so for you to win somone down the line has to go in the red. Think about it!!

columbus · #14 16th April 2008, 11:12 PM

Quote:

Originally Posted by leo_3455

Hello Seniors:

Consider this scenario. We start trading with 1 lot in Minifty Fut (investment/deposit of 24,000).
Extending the above, in 21 months, we will have a profit of 15 lacs + your investment of 24,000.
What would be your advice to me?

Dear leo,

Just I checked that the Margin required is less than 14k.It is possible, but one should be an expert to trade well in both directions cleverly.

uasish · #15 17th April 2008, 12:40 AM

Quote:

Originally Posted by leo_3455

Hello Seniors:

Consider this scenario. We start trading with 1 lot in Minifty Fut (investment/deposit of 24,000). We get a monthly gain of 300 points (i.e. 300 x 20 = 6000 in profit). We do this for 3 more months. In the 5th month (6000 x 4 = 24000), we trade with 2 lots, etc. Please see the excel sheet attached.

Extending the above, in 21 months, we will have a profit of 15 lacs + your investment of 24,000.

As you would have rightly guessed from the above ambition, I am a newbie.

Now, how far this is possible? How easy or difficult is it to maintain +300 points monthly. Is it a reasonable target to achieve and achieve every month? I plan to trade with a 20 point stop loss, is it a good idea?

What would be your advice to me?

A resonable achievabale Tgt can be 10*25=250 minus 100 points(loss)= 150 points.(Not cosidering the brokerage ).On a Lot of 50*150 = Rs 7500.00 per month per Lot.

1st we have to L E A R N the thing,1 to 10 trades is possible but everyday consistently for months/years together is difficult,but possible.

2nd we must not ever & never loose your focus so as to lament ohh! i should have waited ,i missed a Gr8 run,no never ,our objective is to take 10 points on an avg daily,for gr8 runs we can have a seperate set of rules with seperate focus & this has to be compartmentalized in our Mind.

3rd We have to be nimble as a Ninza & sit on the edge as the trade is on with P A N I C K in mind to get out at 1st chance of reversal,no room to accomodate that retracement / correction / etc is Basic phenemenon of any movement,i must allow the trade to develop,no sir no room for all these truly Essential consideration.

4th A higher time frame than 5-10 mins is totally out of consideration.

Lastly this can give an income but forget Wealth Creation.
We have to withdraw Money every month for sustenance.

Can we identify a spurt / a momentary move of few mins,a miniscule Wave ,with a STRICT stop of just few points,if we can YES this is possible.

As any proffession needs training & acumen this also needs a very close interaction with Mkt everyday so lots of Serious Time & Effort has to be given.
Best of Luck,this is possible plz think deeply.

karthikmarar · #16 17th April 2008, 12:47 AM

Quote:

Originally Posted by sudoku1

dear leo , just forget everything & do this.
from the strategy which u r likely 2 follow for +300 pts....just apply the strategy for the NIFTY from sep 2007 to 16th april.....if u can dig out profits...just go ahead & get set go.....i assure u of great future..

Soduku

It is easier to just Hang the poor Bloke....or just shoot him....

madhur31 · #17 17th April 2008, 12:54 AM

Quote:

Originally Posted by ravalsb

Dear Leo,

I think its possible, but have you traded in futures before?

Regards

why dont you earn yourself.

sunbim31 · #18 17th April 2008, 01:06 AM

Hello

This is possible .
Make 10-15 pips daily,
have a strict stoploss,
stop trading as soon u get those points that day,
correct entry & exit are all,
do not carry ur position end the day ,
play like Geof Boycott or Sunil Gavaskar( stay in the crease without a helmet facing Garnar Marshal Roberts etc etc etc )
Finally post regularly about your progress.
We all are with you & will follow you.

Sunando

ravalsb · #19 17th April 2008, 01:37 AM

Quote:

Originally Posted by madhur31

why dont you earn yourself.

Thanks for your advice madhur......

happy with what i have ....

mdrali2001@yahoo.com · #20 17th April 2008, 01:39 AM

hi leo
not a bad idea i am going thro it and i will back with my 2 cents meenwhile read siant bhia;s post he poseted some valuable points here

I will back -------Ali