Dear friends,
since couple of days i am trading like following fashion
Eg: BHEL today around 3:15 bought
current month futures and shorted next month futures.
next day morning i sell my buy position of current month and
buy my next month futures ..
now i do not have any position .
in a day trading market will go in any direction either up or down.
i will buy back most profitable position let us say current month futures which was around 3500 rs profit per lot and immediately i am shorting far month future by seeing carefully ..
i am doing this since 1.5 months getting good returns i have started with 2 lacks capital now it is around 3.92 lacks , daily i am taking position in 4 futures with hedged position making average 4,500 to 10,000 rs per day ..
in this strategy any drawbacks are there please requesting you to update ...
i am just 2 years old in stock market and lost money ...
please give us feed back by experienced technical traders ...
as per my view only drawback is illiquid futures.
is there any others please share your views.
since couple of days i am trading like following fashion
Eg: BHEL today around 3:15 bought
current month futures and shorted next month futures.
next day morning i sell my buy position of current month and
buy my next month futures ..
now i do not have any position .
in a day trading market will go in any direction either up or down.
i will buy back most profitable position let us say current month futures which was around 3500 rs profit per lot and immediately i am shorting far month future by seeing carefully ..
i am doing this since 1.5 months getting good returns i have started with 2 lacks capital now it is around 3.92 lacks , daily i am taking position in 4 futures with hedged position making average 4,500 to 10,000 rs per day ..
in this strategy any drawbacks are there please requesting you to update ...
i am just 2 years old in stock market and lost money ...
please give us feed back by experienced technical traders ...
as per my view only drawback is illiquid futures.
is there any others please share your views.