The Best Trading System

It is , but it depends on the overall capital at risk. You deploy more, it becomes difficult to hold on losing trades due to high lot size and the psychological issues with the numbers. So I have an uppercut for my caps. I set aside those once I breach the uppermark, as I can not trade with amount. Dont want to brag ( and leaving it to one to believe), my monthly profit average-

2014 = 18 %
2015 = 16.5 odd %
2016 = was close to 26, now down to 19 %

My capital at risk is in 6 digit.


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http://www.traderji.com/trading-diary/88102-bakwaas-trading-12.html#post991428

If you are earning 15% per month consistently, and you know the power of compounding, then why continue in a salaried job?

I have spent almost 4 years in Engineering and 15 odd years on my Job. Thats close to 20 years. Programming has been my hobby and passion. My job allowed me to travel accross the globe, to visit places and people around wesern countries, mimic there lifestyle to the extent possible, which I only saw in movies during my school days.

And also now, my salary is no less either given my experience I never aspired to be a trader, but always had facination for computers.

Of late there has been months when my earning from trading has been far more than I expected, but again, It has been my job which had my back for first 5-6 years of my trading career when I used blow my account every 2nd or 3rd time in a year on avg.

I hope I answered your question.

Now let me cut my long story short-

I asked my wife early this year- if I can quit can become a fulltime trader.... well. ............That was it. I decided not to quit my job.

And one thing- I dont compound now any more. I tried that, beyound a limit of position size, I can not take the pressure of holding on to trades which are going against me.

I did the compounding since last 5 years on annual basis, but now I guess I am maxed out. I divert the earning to other safe investments or at max to the cash segments for holding value stocks.

And I am sure it is not me, it will happen to everyone. When we do compunding on paper it looks good. But we discount the human factor. It is not easy to hold on too big sizes although using the same trading system.

Except for the wife, none of your other reasons are good enough. There are workarounds for all the points that you mentioned. The workaround to get around the wife is a little complicated.

My wife always keeps asking me to get back onto a job.... She's now started quarterly reviews of my performance, and it's hell.

Hahahhahaha. Well it is complicated indeed. I will ask for guidance on the handling the psychological pressure of big position size due to compounding. If there is a way out (I trust your experience), I will give it a shot.

I didn't handle big position size well, when I was doing big size... Currently, I am organically growing my account, and it's still not big. Besides, I do not have the consistency that you have.

My secret of consistency if anything I guess, is my loyaly to Nifty and Crude. I dont trade anything else. Rest all in cash. Earlier in my trading career I used run screener, to identify if any stock matching my setup and then taking position on F & O. I was not doing great. But later on advice of a pro, I zeroed down to only 2 instruments I mentioned, crude being relatively later. I dont know if there any logic behind it , but the hidden factor (intuition) grows proportionally if you spend more time with limited instruments. Most of the time I have been able to scratch a trade even before the setup actually failed as per the SL And the system I am using. This saved my earned profit in a big way .I guess this is the key factor I am sharing here , which contributed to my consistency. Yes there are period of boredom with limited instruments. But again if my Z Factor is getting achieved why should I bother.


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This week on my trading concept I would discuss on Your Trading Edge !! Considering more or less everyone here following some system - can you kindly post what is the edge (you don't have to reveal any secret of your system, if any) of your trading strategy in just 2-3 lines. I will jot down my thoughts on this after few responses.

Hi Tuna Bro,

Theoretically i can find below link gives good idea. unfortunately we are still finding/searching for some good system...remove spaces if an newbie wants to read it.

http ://www.investopedia.com/articles/active-trading/022415/vital-importance-defining-your-trading-edge.asp

Awaiting for your practical stuff along with your experience .:clap::clap: