Holy Grail of Intraday Nifty Future trading to consistantly earn 2000-20000 per day

CreditViolet · #21 27th March 2008, 06:18 PM

Quote:

Originally Posted by SGM

"Trading is the toughest way to make Easy Money"

People who say that haven't heard of Professional Russian Roulette Players

SGM · #22 27th March 2008, 06:43 PM

Quote:

Originally Posted by CreditViolet

People who say that haven't heard of Professional Russian Roulette Players

Source wiki

Quote:

Using a semi-automatic pistol, unlike a revolver, once cocked will automatically load a round into the chamber and once the trigger is pulled the pistol will fire the round and load another round, eliminating any chance. Use of a semi-automatic pistol is usually due to misunderstanding. Firing a semi-automatic pistol, thinking it is empty, when in fact it was loaded, would not constitute a variation of the Russian roulette, but a mere shooting accident.

The humorous Darwin Awards, which grant their dubious honor to those who have "removed themselves from the human gene pool because of an act of extreme foolishness," awarded a man who played Russian Roulette with a semi-automatic pistol, apparently unaware that his odds of the firearm discharging were one, or 100%.

Sounds more like when i started trading ...

beginner_av · #23 27th March 2008, 06:53 PM

Quote:

Originally Posted by CreditViolet

People who say that haven't heard of Professional Russian Roulette Players

thats why I am stopping my cash cow (options) and going back to another round of Rus Rou with pure IDay Futs. And my test results indicate that its not a pistol.

amarnath · #24 27th March 2008, 06:54 PM

Quote:

Originally Posted by beginner_av

sorry to disappoint you, but I have real doubts about your comments on systems. NO good system works on any market forever, cos markets change and you have to constantly "work" on your system. MOreoevr a system that exploits some inefficiency goes out at some point due to a variety of factors. If you have one system, that works in ANY market, then you have found the perfect bot and you can retire. This is different from building a collection of systems and use algo/heuristics to pick up the systems to be used under different mkt conditions. The most common reasons that trading systems fail is that they try to do the same thing in different market conditions. Remember a reoptimized system is also not the same as the original one as the peak and troughs shift constantly after every reopt.

Did not understand how systems can consist of human error as thats what its supposed to eliminate. There are times when systems are overridden. Can you tell me why?

Precisely my point Darsh. I think you have not read what he has posted, or have no idea of systems at all. ALL systems have draw downs, losing runs etc. So there is no system that makes money and that too in a range of X to 10X everyday, day after day. No hard feelings darsh, but if you really have any interest to see anyone taking the right path, and you have the KNOWLEDGE to do so, point him towards the right direction right from the beginning, EVEN WHILE PRICKING THE BUBBLE as soon as it appears, so that there is no rosy fantasy. I am not discouraging him, just pointing at bre facts. it is upto him to see if it hurts his ego, (and I love it when it hurts other posters ego for some unknown reasons), or he takes it up as a challenge.
What performance are you talking about? Has he posted any? Without that its just glib. And take the hypothetical situation. if his system can DEFINITELY make 750000 or more a year, even taking a 10 yr cash flow, how much is the system worth? Is he a fool to give it away free or are others a fool to expect it for free?
Is there any info to judge the system? so why talk about it. What if 10 crore is used to generate 2000 everyday? How come you are looking at naive unsupported statements and even talking about criticizing/demotivating etc.
anyway enough said here, will reply only if something relevant to systems come up.[/quote]

well said and up to the point

beginner_av · #25 27th March 2008, 06:55 PM

Quote:

Originally Posted by SGM

Excellent Post Abhijit

Add a zero to all the figures you have quoted and thats my story, xactly same, yes including the mentor...
................
Sanjay

As a trader (unless you are of jesse's caliber) you go through these kind of things, very common. Didn't understand then, particularly just after giving up a well paid (then it seemed that way) job!

amarnath · #26 27th March 2008, 06:58 PM

Quote:

Originally Posted by renu daga

rgt ..darsh ur anticiaption for arjun is wrong..
1st of all he is not challenging anybody
2nd if he finds his systemm can really churn good profit,,,and he is asuring to give traderji memebers free..whats the problem,,,al enwbies would like that ,,ad would parctically//experience it too
we all ahve trading indiactors/ systems...on which we trade ...an we know nothing si above the mkt.and they obviuosly will moev according to mkt,,,,,in such a crash even macd had signalled sell trigger...so!!!
let him come up with his sytem,,test it...and then comment...
and if he trying something we should boost him,,,rather than,,,commenting on him

renu

It not matter of challenge, but its matter of talking without any valid proof or points."

" Knowleadge without reflection is waste of time but Reflection without knowleadge is dangerous

amarnath · #27 27th March 2008, 07:51 PM

Hi,

Just for sake of argument look at +ve equity curve of one of my foward traded system but yet i dont put all my egg in one basket

since it have serious drag down of about 14% way to high.

Its traded on gold and silver on intraday basis

AND Any system we use should not have dragdown of more than 25 to 30% as upper limit and if any have higher dragdown wont suits in pratical trading on real trading conditions or any system with higher dragdown if even performs is just matter of time and market condition

which we call it fails over time or long run.

amarnath · #28 27th March 2008, 08:00 PM

Quote:

Originally Posted by beginner_av

sorry to disappoint you, but I have real doubts about your comments on systems. NO good system works on any market forever, cos markets change and you have to constantly "work" on your system. MOreoevr a system that exploits some inefficiency goes out at some point due to a variety of factors. If you have one system, that works in ANY market, then you have found the perfect bot and you can retire. This is different from building a collection of systems and use algo/heuristics to pick up the systems to be used under different mkt conditions. The most common reasons that trading systems fail is that they try to do the same thing in different market conditions. Remember a reoptimized system is also not the same as the original one as the peak and troughs shift constantly after every reopt.

Good trading system will works forever irrespective of market condition's only bad system's can't, even if market condition change and keep changing we can design trading system that atleast dont suffer dragdown or keep it under control and steady positive curve, the key element is your system designing skill not market or its conditions.And i agree some market condition's hurts to certain degree during certain periods but it won't ruin system if its designed such a way again its all depends on trader idea of designing

uasish · #29 27th March 2008, 08:33 PM

Amarnath,

I beg to differ in this portion of your post :=
" key element is your system designing skill not market or its conditions."

Asish

uasish · #30 27th March 2008, 08:37 PM

Quote:

Originally Posted by beginner_av

thats why I am stopping my cash cow (options) and going back to another round of Rus Rou with pure IDay Futs. And my test results indicate that its not a pistol.

Options a Cash Cow,i am not only overwhelmed but bewildered in amazement !!

,becoz my personal experience is just opposite ,Futures is more easier than Options.