Millionaire or Bust

A

atulaw

Active Member
#1
#1
Yes this is yet another thread of a newbie trying to be a millionaire :rofl:

My initial and ONLY investment would be Rs10000. So its either 10,00,000 or 0.

No set deadline for the goal as of yet. This is too soon for that. I might post a deadline after a month or two (If I manage to stay that long).
 
A

atulaw

Active Member
#2
#2
Day 1

Code: 
Symbol    	Buy Qty	Buy Avg.	Sell Qty	Sell Avg.	MTM G/L 
TATASTEEL	10	540.5	10	543.6	31
SUZLON   	1	69.65	1	69.75	0.1
UNITECH  	10	77.4	10	78	6
DLF          	50	354.8	50	356.75	97.5
Turnover (higher side): 24123.25
Net MTM: 134.6
Expected Brokerage: 9.65
 
Last edited:
A

atulaw

Active Member
#4
#4
Actually he was just a slumdog before satyam.

So its DURING satyam that be got a tag of billionaire.
 
C

cavinothbabu

Member
#6
#6
hai atulaw, Do you have any strategy in buying and selling shares?

This will help our forum members. Because All Have 10000Rs..............


Vinothbabu.S
 
A

atulaw

Active Member
#7
#7
Yes, Basic 5/13 EMA trend indicator with MACD. All this on a 5min interval.

I dont suggest following any of my strategy though.. I am too new at this.

Also aiming for profit/stop loss at 0.55%.

All this is subjective to change any time though.
 
Class

Class

Active Member
#8
#8
Hi Atulaw,
Kudos on starting this thread.

Usual idea is to cut losses short and let profits run. i.e. have greater reward to risk ratio. Your reward to risk seems to be 1:1 which means you have to be profitable on 50% of your trades if you lose the other 50% just to break even.

Would respectfully suggest back testing your strategy on your favourite stocks to see what reward to risk profile will result in profits.

All the best,
 
M

mohnnn

New Member
#9
#9
Technical analysis in Hind sight looks great. But to follow it "live" needs more than Moving averages and stochastic.

You need the right attitude. Its more of a mind game.If you want to win the game you need to read through the minds of the biggest stock market traders like Jesse Livermore, W.D Gann etc
 
A

atulaw

Active Member
#10
#10
Day 2

Code: 
Symbol	Qty	Buy Avg. 	Sell Avg. 	MTM G/L 
SUZLON	200	68.66        	69.28        	122.5
UNITECH	300	72.56        	73.03        	142.5
Turnover (higher side): 35765.00
Net MTM: 265.00
Expected Brokerage: 14.30
All short trades (wouldnt try otherwise in this market)


Thanks Class, Mohnnn.
Yes I have back tested my strategy a lot. Been doing so for almost 2 months now and still fine tuning it o_O
Win ratio is high enough on my paper tradings. Yes, my profit loss ratio is 1:1. Lets see how this works out.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
R hi, i want everyones help please please help me to become a multimillionaire thanks Introductions 6
M Becoming a millionaire or corepathi in india by trading is a fantasy or reality? General Trading & Investing Chat 6
M My journey to millionaire club Introductions 0
M 25 Rules of Millionaire Traders Words of Wisdom 3
robin000 who wants to be a millionaire before 35? General Trading & Investing Chat 35

Similar threads