Day Trading Crude & Nifty using SuperTrend

Hello Traders,

I am an small trader who traded some time back and lost some money. Due to family business work I quit. Now I have time to trade so I decided to start trading. I am starting this thread as a trading diary to improve my trading by taking suggestions from seniors.

I decided to trade MCX Crude Oil Futures and Nifty Futures by using SuperTrend as an indicator. SuperTrend settings are (14, 3).

I already started trading in Crude oil from yesterday and Nifty from today.

Capital for Crude Oil : 100000 INR

Crude Oil Position size : 1 Lot ( 100 Barrels )

Capital for Nifty : 100000 INR

Nifty Position size : 1 Lot ( 75 Quantity )

I will not carry any overnight positions. Will be squared off by day end.

Target is 10 % earnings per month. I will share updated statistics over here every week.

Suggestions are welcome.

Thank you

Vamsi

Best of Luck ! Only SuperTrend may not be enough, especially when markets turn rangebound. You need to add some filter(s) depending on your own trading style..

Wish you success !

Best of luck!!

since u have sufficient capital,pls do have a look at this supertrend strategy.

http://www.traderji.com/day-trading/102432-consistant-profits-last-8-years-2.html#post1168035

if you have a business, you can invest/trade in stocks related to your business as you know the details of your business. Chances are high that you will be a winner.

Thanks
rip07