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

leo_3455 · #1 16th April 2008, 05:52 PM

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?

darsh_goswami · #2 16th April 2008, 06:07 PM

Dear Leo ,...
Definitely your targets are rational.
Just follow a good trading system and enjoy. If we take 300 pts gain per month and 20 working days with market then average points per day are just 15 ..

but those 15 points a day should be after brokerage and taxes calculations.

Simply jump into the Ashishda's thread ,...

http://www.traderji.com/equities/189...ty-7300-a.html

Where u will find very nice intraday strategies and trading singals by the masters itself like Saint , Ashishda, Ajax n more ( sorry if i cant mention all )

Best luck ... Regards,..
Darsh

krishna23 · #3 16th April 2008, 06:09 PM

what happens if you have a monthly loss of 300 pts...how many months will your capital last?

niksan · #4 16th April 2008, 06:55 PM

I luv this idea

and I am sure everyone who thinks of starting trading does calculates the Profits before!! This looks very good on paper, and 20-25 points a day (in profit) seems easy, but the picture changes once you put in real money...Fear / Grid comes inn and the same plan looks ambitious!!!

This is not to discourage you, but please keep these things in mind and have an awesome profit!

SavantGarde · #5 16th April 2008, 07:08 PM

While Your Intentions & Calculations Are Honourable

Your Calculations Of +300 Does Not Take Into Account Probabilty Of
-300

Regards

SavantGarde

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?

columbus · #6 16th April 2008, 07:23 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). 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

What would be your advice to me?

Dear leo,

As rightly pointed out by Savant the possibility of -300 points in a month is not considered.

I think the MiniNifty does not cost more than 15000/- at the present nifty value of 4900.Correct me if I am wrong.

SavantGarde · #7 16th April 2008, 08:05 PM

Hi Leo,

While I Standby What I Posted Earlier.

Here Is Something That One Needs To Think Before Calculating The Lakhs.

1) Strive To Become A Proficient Trader, Infact Strive To Become The Best Trader In The World.

2) If You Trade Well Profits Will Come Naturally

3) While You May Have A Predetermined Profit When Entering A Trade, You Must Have The Ability To Be Able To Judge After Entering A Trade Whether You Will Get Your Predetermined Profit, If Not, Then Being Able To Scale Down As To How Much The Trade Will Give With A Certain Amount Of Safety....Maybe You Might Even Need To Exit With A Bit Of Loss.....

4) Trading Every Day Is Very Addictive....Important Ability One Must Possess Is To Be Able To Stay Out On Days One Is Unable To Figure Out The Market Movement (Doesn't Mean You Go To The Movies After 30 Minutes)

There Are Many More Things But Will Try & Get Back As Soon As I Get My Bearing Straight On It...Without Digressing.

Warm Regards

SavantGarde

Cactus · #8 16th April 2008, 09:38 PM

If the question belongs to idea........why not 300 points per day.......?? 20-30 points per trade........10-15 trades per day..........

I am little weak in math........, calcuate ur self.........

Savant..........., What u say.......

?( with full lot)

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?

sudoku1 · #9 16th April 2008, 09:57 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). 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?

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..

ccmb420 · #10 16th April 2008, 09:58 PM

Quote:

Originally Posted by Cactus

If the question belongs to idea........why not 300 points per day.......?? 20-30 points per trade........10-15 trades per day..........

I am little weak in math........, calcuate ur self.........

Savant..........., What u say.......

?( with full lot)

Your responce suits your name too!!!! As prickly as a Cactus...
Very bad taste dear...... No way to respond to a a very valid idea by a newbie....
CV wont say anything abt your view, his responce has been rational unlike yours.
Use restrain man!!!!
Regards
Shravan
BTW : 300 points a month is quiet possible though definetly not very easy!!