Making Rs 2000 a day!

beginner_av · #51 9th May 2008, 10:22 AM

Quote:

Originally Posted by kkseal

Even with such possibilities, what would you rather have - a 75% or 25% success rate?

(Also in the above e.g. the allocation was not equal in Re terms. However if a trader has reasons & rules for such asymmetric allocations he can always do it - which would be another test for his system/method)

He he he, I'd take 75%. Otherwise I wont even need a "kalo haans". Just a long losing run at the beginning (probability much higher with 25% success system) will wipe me off.

Cactus · #52 9th May 2008, 09:54 PM

Inhee andheron se phute hain roshni ke chirag.........

and here comes the system.........

a system with 7-3 win/loss ration and .5%-2% RR.

I know some one who make average 6 k per day with a capital of 3 lakh.

Guess how.........

Quote:

Originally Posted by columbus

Many people believe that in order to be profitable one should be 51% correct.
That is wrong.

Consider a scenario that a person has invested in 3 scrips at 100 Rs (100 shares) and fourth one at 500Rs(100shares). At the end of day he sold the first 3 shares at 110Rs and the fourth one at 450Rs.His success ratio was 75%. (3 profitable scrips ,out of 4).Still he has made loss.

Similarly the inverse is also true.At the end of day ,let us assume he has sold the first 3 scrips at 90Rs and fourth at 550Rs.His success rate was a mere 25%, but he has made profit.

kkseal · #53 10th May 2008, 01:45 PM

Quote:

Originally Posted by beginner_av

He he he, I'd take 75%. Otherwise I wont even need a "kalo haans". Just a long losing run at the beginning (probability much higher with 25% success system) will wipe me off.

And CV Sir has set a benchmark of 98%

BTW, don't we have a 'kalo hans' (for equities) in crude oil?? Fortunately it has occurred at a time when equities were already in a bearish phase, so the damage will be less.

And it's literally 'kalo' (crude color)

Regards,
Kalyan.

SavantGarde · #54 12th May 2008, 02:51 AM

Such Examples Should Be Well Thought Through Before In The First Place.

Nobody Would Buy The Same Quantity For Scrips Priced 100 & 500 Respectively.

This Is Where Position Sizing Comes Into Play For Traders Wanting To Consistently Trade Profitably

SavantGarde

Quote:

Originally Posted by columbus

Many people believe that in order to be profitable one should be 51% correct.
That is wrong.

Consider a scenario that a person has invested in 3 scrips at 100 Rs (100 shares) and fourth one at 500Rs(100shares). At the end of day he sold the first 3 shares at 110Rs and the fourth one at 450Rs.His success ratio was 75%. (3 profitable scrips ,out of 4).Still he has made loss.

Similarly the inverse is also true.At the end of day ,let us assume he has sold the first 3 scrips at 90Rs and fourth at 550Rs.His success rate was a mere 25%, but he has made profit.

ash.paul · #55 30th July 2008, 05:47 PM

I think the question should be how much money is required or to be risked to generate 2000 + the system.
Anyway some one having $20000 and risk apetite of 3%of capital risk per trade, how much in general does they make per week considering he/she is having a profitable daytrading system generating 10 calls max per day?
Pls also explain if and how much leverage is used?
My intention is to know how much money is been made by the experienced traders considering the riskapetite and etc pretty normal to get to some average conclusion. I aware that the outcomes depends on different personalities but if i say consistently.
Regards
Ash

akshaydamani · #56 30th July 2008, 06:22 PM

hi ya,

the markets seem to have stablaised now for a week.
tip received is that ravalgaon sugar will touch 10000+ per share.. techincally its touched 8800 and reverted to 7500+ figures.. any idas on RNRL