pay advise for commodity trading

subhas801 · #1 19th April 2007, 08:23 PM

hello everyone in this forum
I am a newcomer in the field of commodity trading. Can anyone here suggest me the path how to lower the losses and higher the gains. as there is always uncertainity in the Mkt about where the prices go. Being a new to this field I makes mistakes so I need the help of those who are femilier & experinced in this field.

Thanks

Yours
Subhas

novais · #2 19th April 2007, 10:08 PM

How did you select commodity to trade, how did you initiate your trade, and what was your stop loss strategy?

Let us start with that how did you incur loss at first place.

It is not an easy to take [outright] commodity trading position, and since you passed that initial BIG step and you must have done your home work, best to your abilities. Congratulations for that! In fact initial losses are cost of learning lessons which one MUST be open to bear, like paying colllege fee to graduate.

subhas801 · #3 19th April 2007, 10:17 PM

I have the account with Karvy Comtrade Ltd and they recommend sometime with buy/sell, stoploss & target etc. but I noticed that the Market always doesnot trail as per their recommendations.

novais · #4 19th April 2007, 10:34 PM

Do they recommend after-trading hours, the potential trades for next day?
Do they allow initiating short position?

subhas801 · #5 19th April 2007, 10:37 PM

they recommend in trading hours only,the decision is yours.

novais · #6 19th April 2007, 10:56 PM

It is difficult to explain commodity trading life cycle here but couple of steps:

[In my opinion or what I do]:

- Select commodity to trade [for next day] after trading hours. I am not in rush then.

- Plan trade initiating strategy [but I am not sure what all options are available in Indian market].

- Plan stop loss strategy. I decide based upon what maximum loss I am open to take for that specific position/commodity.

- Similarly plan - when profit goals are met, if direction is positive, I would remain in position, but if shows adverse sign - I will square my position.

kenneth · #7 19th April 2007, 10:57 PM

Quote:

Originally Posted by infosys79

Dear traders you can make money in intraday

Don't buy or sell anything with in 30 minutes of opening bell & closing bell

avoide CNBC TV chennel recommadation & Tips

after 30 minute look 10 Most active Securities should have good volume Becouse volume is acsilator of car, so go ahead on volume

your first buy should be in small quantity Dont average on downside always average on upmove side with tralling Stlop Loss use povit point for good stop loss....

Buy stock always from week hand and sold to strong hands.

Dont buy or sell with emotionally and overtrade

In Intraday loss should not more then 2 % of your capital

In Intraday profit should more then 5 % of your capital

if your trade 10 times in a day and 7 times you failed 3 times you gain that mean you are not losser So always be happy with your trades

Happy trading

Bye

All the posts on 6 threads are the same
http://www.traderji.com/search.php?searchid=346608

confyred · #8 7th August 2007, 11:21 PM

DEAR SUBHASH
I READ YR LETTER ASKING GOT "ADVICE" FOR COMMODITY TRADING
MY FIRST AND LAST ADVICE IS "NEVER ASK ADVICE FROM ANYBODY"
NOBODY IS GOD TO TELL WHAT WILL HAPPEN IN FUTURE.
U CAN ONLY LOOK FOR GUIDANCE FROM EXPERTS IN TECHNICAL AND FUNDAMENTAL ASPECTS.
1IF U R ALREADY A BUSINESSMAN IN ANY COMMODITY U FIRST DO THE SAME COMMODITY IN ONLINE MARKETS ALSO.,IF THERE IS VOLUME AND VOLATILITY
2.CONCENTRATE 2/3 COMS ONLY
3U FOLLOW ITS PRODUCTION / DEMAND FACTORSI.E MARKETING PERIOD AND HARVESTING PERIOD IF IT IS AN AGRI PRODUCT
U GO THRO OLD RECORDS OF PRICE PERFORMANCE
4.U STUDY SPOT MARKET PRICES5.U STUDY VARIOUS FACTORS AFFECTING THE PRODUCTION OR DEMAND
6.STUDY GOVT.REGULATION
7.IF INTERNATIONAL COMS LIKE METALS, U FOLLOW INTERNATIONAL PRICES
8.ALWAYS INVEST 50% CAPITAL AS MARGIN AND KEEP ANOTHER 50% FOR M2M
9.NEVER QUIT THE MARKET UNNECESSARILY
10.ALWAYS FOLLOW STOP LOSSES AND REENTER MARKETS AT CORRECT TIMES
DONT FOLLOW UR FRIENDS /U DO HOMEWORK/THINK /TAKE WISE DECISIONS
11.ALWAYS STUDY FUNDAMENTALS OF TIMING WHEN A PRODUCT IS HARVESTED,WHEN MARKETED,WHEN DEMAND COMES [LIKE SEASONS]/FACTORS AFFECTING SALES AND CROPS LIKE RAINS/CLIMATE ETC
12.BE PATIENT AND WAIT TILL MARKET TURNS FAVOURABLE.NEVER TAKE TOO MAny positions because of recommendations and tips/best wishes

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