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#3
19th February 2007, 08:29 PM
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Re: i love day trading
hey why you guys wasting your time in loving day trading
 Why dont you explain your concepts or psychology in day - trading. I really want to know something about day trading. 
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#4
20th February 2007, 10:31 AM
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Re: i love day trading
Quote:
to start your day trading business you need a computer, internet connection, bank a/c, small amount of capital, a broker, trading software, phone trading facility, phone/mobile & a complete day trading system. a complete day trading system including entry point, stop loss exit point & profit booking exit point with proper money/risk managemnt. your success rate should be 50% or higher than that. simple risk management: your risk/reward ratio should be 1:2 or better then that. simple money management: keep your trading amount same for your each trade. one can take maximum risk of 1% (including brokarage) on each trade & can book profit above 2.5% from buy price. after deducted the brokarage still you have more than 2% in your pocket. look at the exaple below: total trades on january, 07 : 10 trading amount/trade: 1,00,000/- maximum risk/trade: 1,000/- (1% of 1,00,000/-) maximum gain/trade: 2,000/- (2% of 1,00,000/-) losing trade: 5, loss 5,000/- wining trade: 5, gain 10,000/- net profit: 5,000/- so you can earn 5% on every month with these simple statistics. hope the thread will continue .....
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#5
20th February 2007, 11:48 AM
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Re: i love day trading
Great
Can you explain me this Quote:
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#6
20th February 2007, 12:18 PM
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Re: i love day trading
Quote:
KEEP YOUR TRADING AMOUNT SAME FOR EACH TRADE. IF YOUR TRADING AMOUNT IS RS.50,000 & THE STOCK YOU WANT BUY IS RS.360 THEN YOU SHOULD BUY 138 SHARES (50000/360=138). AT THE SAME WAY IF YOU WANT TO BUY A STOCK AT 795 THEN YOU SHOULD BUY 62 SHARES (50000/795=62).
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#7
20th February 2007, 03:53 PM
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Re: i love day trading
factor in brokerage, and your risk reward ratio goes for a toss.
Winning trade = rs. 2 less brokerage losing trade = rs. 1 plus brokerage u need a minimum of 1:2.5 to consistently make money . I have a 30 % winning system, but use a complex martingale to take care of losses.
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#8
20th February 2007, 04:46 PM
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Re: i love day trading
Quote:
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#9
20th February 2007, 05:17 PM
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Re: i love day trading
friend,
its not 7 losses in a row... its 7 losses in a bunch of 10 trades i could have made the following ---+-++--- 3profits in 10 trades not more than 3 consecutive losses hope u understand.
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#10
20th February 2007, 05:19 PM
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Re: i love day trading
using a particular type of martingale, i can be profitable with a 20 % system even with 1:2 ratio
although that type of martingale is ABSOLUTELY not advisable to trade, ABSOLUTELY not, just for record purpose. want details?  ))
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