Traderji.com


Senior scalpers and day traders , plz comment on my money&risk management system .

Discuss Senior scalpers and day traders , plz comment on my money&risk management system . at the Risk & Money Management within the Traderji.com; Originally Posted by anuragmunjal dear friend, when I used to scalp, I did it without ...


Go Back   Traderji.com > METHODS & STRATEGIES > Risk & Money Management


Risk & Money Management Discuss risk and money management techniques and methods to protect your trading capital.


Reply
 
Thread Tools
  #11  
Old 21st January 2015, 12:53 PM
Member
 
Join Date: Oct 2014
Posts: 69
Thanks: 42
Thanked 44 Times in 31 Posts
hedgefudge13 will become famous soon enough
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by anuragmunjal View Post


dear friend,

when I used to scalp, I did it without the use of charts, hence would not be able to comment there. you are the best judge here as you know when you get your signals and how far you are able to execute them. the problem I see at times with chart based scalping is that when you would analyze 20 diff charts EOD, there will definitely be a few which worked very well by any good system, but if one is tracking 10-20 scrips, what are the chances that
a) one would be trading that particular script on that day.
b) one wd trade all signals that day.
nevertheless, you have had good returns by your system. you must give it a try. I wd suggest trade one single script for 15-30 days.. if you get good results by the end of it.. you definitely have something up your sleeve.
but if you find you get a few good days, few bad and a few ordinary days, then it would be very difficult to make any money after factoring in the various costs and slippage.

regards
hmm ... True , I guess From feb 1st , I should Paper trade for 15 days by picking up 2-3 scripts from different sectors to see how it works .
Thanks for the suggestion .

And you said , you dont use charts for scalping ..... then what approach do you use ? only volume analysis ?


Regards,

HedgeFudge


Advertisements

Reply With Quote
The Following 2 Users Say Thank You to hedgefudge13 For This Useful Post:
anuragmunjal (21st January 2015), pankajpari (3rd April 2015)
Advertisements
  #12  
Old 21st January 2015, 01:14 PM
Member
 
Join Date: Jul 2009
Posts: 696
Thanks: 1,097
Thanked 1,167 Times in 432 Posts
anuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud of
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by pav View Post
Dear anurag sir,

then what is the solution and how we can make regular and consistent money in the scalping. please guide and give your invaluable thoughts for successful scalping or scalp trading.

Regards
pav


hi Pav

after the advent of bots, I have not seen a single 'pure scalper' making money trading manually.. with algos working on co located servers, it is impossible to beat them manually.

therefore to succeed, I believe you must either take that route or as I have suggested earlier, trade on a slightly higher tf where you do comparitivley lesser trades and aim for bigger profits on favorable trades. go through ST's thread 'thoughts on day swing trading'. he has given many good examples on that thread.

regards
Reply With Quote
The Following 3 Users Say Thank You to anuragmunjal For This Useful Post:
pankajpari (3rd April 2015), pav (21st January 2015), shirajroz (26th January 2015)
  #13  
Old 21st January 2015, 01:32 PM
Member
 
Join Date: Jul 2009
Posts: 696
Thanks: 1,097
Thanked 1,167 Times in 432 Posts
anuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud ofanuragmunjal has much to be proud of
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by hedgefudge13 View Post
hmm ... True , I guess From feb 1st , I should Paper trade for 15 days by picking up 2-3 scripts from different sectors to see how it works .
Thanks for the suggestion .

And you said , you dont use charts for scalping ..... then what approach do you use ? only volume analysis ?


Regards,

HedgeFudge


the only problem with paper trading, especially when you are trading a system,which has high number of trades is that you can never be sure of what actual executed price you may get. hence, would suggest trade live mkt. with half the qty. you intend to trade in order to get the real feel.
hypothetically speaking, while scalping many things can change the equation. there is a possibility that one may have a good system when he is trading 50 qty of a share as his slippage is around .1 paise, whereas the same system may not look so good if one were trading 500 qty of the same script as the slippage now increases to .4 paise. I once devised a system which was unbeatable on paper, but in actual mkt. conditions, inclusive of slippage, stt, various charges and comm., it cost me 7000 rs per crore of turnover, and it was not even a pure scalping system. it had fewer trades. I had to shelve it.

the second part of your ques.. I left active scalping a few years back, once the bots took over.. when I was scalping, it was only thru screen reading and intution.

regards
Reply With Quote
The Following 5 Users Say Thank You to anuragmunjal For This Useful Post:
hedgefudge13 (22nd January 2015), pankajpari (3rd April 2015), pav (21st January 2015), Pradeep Narayan (27th January 2015), shirajroz (26th January 2015)
  #14  
Old 26th January 2015, 05:40 PM
Member
 
Join Date: Aug 2014
Posts: 8
Thanks: 2
Thanked 2 Times in 1 Post
puma30 is on a distinguished road
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Hello friend,
I have a question that if you were successful in all types of trading and investment then why are you switching to scalping. My view is that you should not go for it if you are looking for few thousand rupees at the end of day. Even one good trade in a day could earn you that much of profit. Scalping is not everyone's cup of tea.
Reply With Quote
  #15  
Old 26th January 2015, 08:02 PM
shirajroz's Avatar
Member
 
Join Date: Sep 2012
Posts: 176
Thanks: 699
Thanked 109 Times in 63 Posts
shirajroz will become famous soon enoughshirajroz will become famous soon enough
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Anurag Ji,
Which is/are d most Liquid F&O scrip/s in d present NFO Market according to your experience ?
Reply With Quote
  #16  
Old 26th January 2015, 10:57 PM
PUCHU_2500's Avatar
Member
 
Join Date: Mar 2014
Location: India
Posts: 551
Thanks: 2,623
Thanked 956 Times in 368 Posts
PUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to beholdPUCHU_2500 is a splendid one to behold
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by shirajroz View Post
Anurag Ji,
Which is/are d most Liquid F&O scrip/s in d present NFO Market according to your experience ?
bro, do u think that u can trade successfully in most liquid stock ? unitech is the most liquid stock......!!
ideal trading counter> sbin, axisbank,bpcl, recltd, maruti, tatasteel and other top blue chip companies which is having daily trading volume more than 10 lac.....
wish u to be a successful trader
thanks

Last edited by PUCHU_2500; 26th January 2015 at 11:04 PM.
Reply With Quote
The Following User Says Thank You to PUCHU_2500 For This Useful Post:
shirajroz (27th January 2015)
  #17  
Old 27th January 2015, 01:20 PM
shirajroz's Avatar
Member
 
Join Date: Sep 2012
Posts: 176
Thanks: 699
Thanked 109 Times in 63 Posts
shirajroz will become famous soon enoughshirajroz will become famous soon enough
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by PUCHU_2500 View Post
bro, do u think that u can trade successfully in most liquid stock ? unitech is the most liquid stock......!!
ideal trading counter> sbin, axisbank,bpcl, recltd, maruti, tatasteel and other top blue chip companies which is having daily trading volume more than 10 lac.....
wish u to be a successful trader
thanks


Baby Steps.

Thank u bro & Thank u a ton in advance as going to pester u bros for guidance in every Trading steps ahead.
Reply With Quote
  #18  
Old 4th December 2015, 03:23 AM
Member
 
Join Date: Dec 2015
Posts: 6
Thanks: 0
Thanked 6 Times in 3 Posts
J_Smith is on a distinguished road
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by PUCHU_2500 View Post
bro, do u think that u can trade successfully in most liquid stock ? unitech is the most liquid stock......!!
ideal trading counter> sbin, axisbank,bpcl, recltd, maruti, tatasteel and other top blue chip companies which is having daily trading volume more than 10 lac.....
wish u to be a successful trader
thanks
u will need to correct me if i am wrong..

unitech = 7.15 inr = 0.107 usd
todays range = 0.20 inr = 0.003 usd

sbin = 241.10 inr = 3.51 usd
todays range = 4.10 inr = 0.061 usd

image attached for both stocks..i do not know how much you pay per share to trade these stocks..but the values are so low they would not be looked at by serious traders..

the chart for unitech is terrible..the chart for sbin is much better..but again..with suck low values..and depending on commission charges per share..it might not be worthwhile trading these stocks if you have to pay too much to trade them?

J_S
Attached Images
File Type: png Screen Shot 12-03-15 at 04.48 PM.PNG (81.5 KB, 135 views)
File Type: png Screen Shot 12-03-15 at 04.49 PM.PNG (73.2 KB, 135 views)
Reply With Quote
  #19  
Old 1st August 2016, 01:27 PM
TRADERSM's Avatar
Member
 
Join Date: Jan 2015
Posts: 53
Thanks: 28
Thanked 18 Times in 12 Posts
TRADERSM is on a distinguished road
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

friends please help me

1.difference between risk mgt & money mgt please explain point wise with (eg)

2.myself understanding is it on
risk mgt is how much % you will risk on single trade

eg total capital 45000*2%=900

money mgt is don't use leverege

eg trade around 45000


is it correct
Reply With Quote
  #20  
Old 2nd August 2016, 06:51 PM
Member
 
Join Date: Apr 2008
Location: coimbatore
Posts: 322
Thanks: 164
Thanked 532 Times in 214 Posts
vijayanscbe is a glorious beacon of lightvijayanscbe is a glorious beacon of lightvijayanscbe is a glorious beacon of lightvijayanscbe is a glorious beacon of lightvijayanscbe is a glorious beacon of lightvijayanscbe is a glorious beacon of light
Default Re: Senior scalpers and day traders , plz comment on my money&risk management system

Quote:
Originally Posted by TRADERSM View Post
friends please help me

1.difference between risk mgt & money mgt please explain point wise with (eg)

2.myself understanding is it on
risk mgt is how much % you will risk on single trade

eg total capital 45000*2%=900

money mgt is don't use leverege

eg trade around 45000


is it correct
If you are Day trader then consider both MM and RM as same.
If you are short term trader, even if you take overnight position.
Then you have evaluate more things, example 20 point SL work in day trading. That wont work for over night positions.

RM is more technical thing which used by Institutions like DII , FII, HNI etc.
They use Var, Cvar, VIX, etc, to analyse the portfolio risks, exposers etc.
They consider all the risks, like country's, world's economical, political, policies etc which going to affect their funds. Accordingly they alter their exposers and reserves in various instruments.

RM and MM are more subjective terms.
So I consider both as same and wont go deeper untill I become an HNI.

Advertisements

Reply With Quote
The Following 2 Users Say Thank You to vijayanscbe For This Useful Post:
TRADERSM (2nd August 2016), vijkris (2nd August 2016)
Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads for: Senior scalpers and day traders , plz comment on my money&risk management system .
Thread Thread Starter Forum Replies Last Post
money management for directional trading system bunti_k23 Risk & Money Management 8 26th December 2014 05:32 PM
Enterprise Risk Management Ankit Deshpande Investors Grievances 1 31st October 2014 03:08 PM
.Risk management manileo Risk & Money Management 0 23rd May 2014 12:23 AM
Position Sizing, Risk & Money Management Strategies For Futures Trading smartcat Risk & Money Management 22 16th May 2014 05:01 PM
Books on Risk and money management dsr Books 1 26th May 2008 06:58 PM


All times are GMT +5.5. The time now is 10:41 PM.

Indemnity, Disclaimer & Disclosure Notice:
By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © www.Traderji.com 2001 - , All rights reserved.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267