Challenge of Trading crudeM with 4k for 30 trading days!!

I am also trying to learn crude oil trading and I had blown my crude oil mini account twice (5000 rs on each occassions). This time got inspiration from this thread of vijkris and tried to be more disciplined. Started from 7753 RS on 22-May and reached 10889 Rs on 22-Jun (including brokerage). For me it is a great achievement considering my past experience :). This time tried to limit my loss to 300 to 400 rs on each losing trade and tried add more lots to winning positions. Adding lots to winning positions were key. (Learnt the importance of adding to winning position from Subhadeep dada's pivot thread).

Key learning from this one month journey
1.) Still not able to avoid trading on range days :). But this time limited my loss by using strict SL and trading only one lot in ranging days.
2.) Added to winning positions. Usually stars with 1 lot. Then adds 1 or 2. Then again 1. On very strong trending day, adds 1 more.
3.) Earlier I used to make profit on one day and next day with over confidence, I used to trade with 5 lots in start of the day. Which leads to me to trouble as if I get a loss on that particular day, next day I wont be having enough margin to trade 5 lots. So this time avoided trading with entire lots while beginning the day. (Learnt the importance of this from one of the post of headstrong007)
4.) Profit is 40.4% by end of month.
5.) Success rate is still poor for me. Out of 24 days, 9 winning days and 16 losing days. Success rate is 37.5%.
6.) Plan is learn Subhadip da's pivot/2MA method in detail from and try to reduce the loss making trades.
 

pareshR

Well-Known Member


Thanks to all seniors for sharing knowledge.. I posted here to give confidence to beginners like me... In this one month I understood that we can earn if have discipline in our approach.
yes
First, think about this. Every trader has access to the same tools, the same research, the same charts, the same quotes, the same proven trading methods, etc. So, why is it that, with everybody having access to the same stuff, only a few make consistent profits over time


1. Discipline & Passion
2. Confidence & Courage
3. Patience & Persistence
 

rjshem

Well-Known Member
I am also trying to learn crude oil trading and I had blown my crude oil mini account twice (5000 rs on each occassions). This time got inspiration from this thread of vijkris and tried to be more disciplined. Started from 7753 RS on 22-May and reached 10889 Rs on 22-Jun (including brokerage). For me it is a great achievement considering my past experience :). This time tried to limit my loss to 300 to 400 rs on each losing trade and tried add more lots to winning positions. Adding lots to winning positions were key. (Learnt the importance of adding to winning position from Subhadeep dada's pivot thread).

Key learning from this one month journey
1.) Still not able to avoid trading on range days :). But this time limited my loss by using strict SL and trading only one lot in ranging days.
2.) Added to winning positions. Usually stars with 1 lot. Then adds 1 or 2. Then again 1. On very strong trending day, adds 1 more.
3.) Earlier I used to make profit on one day and next day with over confidence, I used to trade with 5 lots in start of the day. Which leads to me to trouble as if I get a loss on that particular day, next day I wont be having enough margin to trade 5 lots. So this time avoided trading with entire lots while beginning the day. (Learnt the importance of this from one of the post of headstrong007)
4.) Profit is 40.4% by end of month.
5.) Success rate is still poor for me. Out of 24 days, 9 winning days and 16 losing days. Success rate is 37.5%.
6.) Plan is learn Subhadip da's pivot/2MA method in detail from and try to reduce the loss making trades.
Excellent vinay great work yes patience perseverance discipline pays .u got 40% with 37.5 success rate which means ur money management (risk reward) is excellent.keep going all the best.
 

Tuna

Listen and act, don't ask it, it doesn't oblige
Vijay,
Wts the net till now? Do you mind sharing (if you have documented - I just want to see the stat, not any proof):

1. What is the win-rate (%)
2. What has been the largest profit (in terms of points) you managed to win & your time-frame
3. what was the longest win-streak
4. what was the longest losing streak
and last
5. what is your average RR showing up when average all your winning trades (only)?

The details I asked is not for judging your trade, want to check something else which is part of my own stat. Please share. Won't mind a PM either if you don't to put this in public.

All the best on your 'Survival of the Fittest' game. Trading with 4k is much tougher, than with 40 lakhs.
 

vijkris

Learner and Follower
Vijay,
Wts the net till now? Do you mind sharing (if you have documented - I just want to see the stat, not any proof):

1. What is the win-rate (%)
2. What has been the largest profit (in terms of points) you managed to win & your time-frame
3. what was the longest win-streak
4. what was the longest losing streak
and last
5. what is your average RR showing up when average all your winning trades (only)?

The details I asked is not for judging your trade, want to check something else which is part of my own stat. Please share. Won't mind a PM either if you don't to put this in public.

All the best on your 'Survival of the Fittest' game. Trading with 4k is much tougher, than with 40 lakhs.
What is the method of ur calculation related to points 1 and 5 ?

According to vinay's post, win ratio is related to no. of days, mine is related to no. of individual trades..
So both are different ways... :confused:
 

Tuna

Listen and act, don't ask it, it doesn't oblige
What is the method of ur calculation related to points 1 and 5 ?

According to vinay's post, win ratio is related to no. of days, mine is related to no. of individual trades..
So both are different ways... :confused:
Point 1 --> Individual trades, same as you said

Point 5 --> (Total wins (points) / number of trades) / (Avg SL per trade that you generally keep).
 

vijkris

Learner and Follower
Point 1 --> Individual trades, same as you said

Point 5 --> (Total wins (points) / number of trades) / (Avg SL per trade that you generally keep).
ok. i do not keep track of no. of points, only mtm.. will recheck everything again.. Maybe by tomo, will post it or pm... :D
 

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