$$my success story and my live tread[nifty&option]$$
- Thread starter sumitdasjoshi
- Start date
- Tags daily income live trade niftyoption profit loss system
There is no instant gratification in the market A common misconception made by new traders is that there will always be constant price action which means constant profits.
Unfortunately, this is far from the truth. The market does not always move and there are periods where the charting software on your computer looks like it has locked up because price isn't moving at all.
Trying to stay awake watching 5 points movements is tough enough much less trying to make money. Inexperienced traders should stay out of such dead markets. But what do they do instead? They think, "I can't make 20 points using one lot in this market, but I can try to make 2 points using ten lots!"
Because they feel they ‘have to trade" and "make money today", they unsafely increase their position size and attempt to grab some points in a market showing very little price action. These traders are not only forcing trades, but they are forcing trades with increased risks with the use of additional lots. A double no no.
This is when traders become a danger to themselves and their accounts. If there is an unexpected move against their trade, they will get killed due to the size of their open position.
Always remember that a bigger position size not only magnifies potential profits, but also magnifies losses by the same amount.
Unfortunately, this is far from the truth. The market does not always move and there are periods where the charting software on your computer looks like it has locked up because price isn't moving at all.
Trying to stay awake watching 5 points movements is tough enough much less trying to make money. Inexperienced traders should stay out of such dead markets. But what do they do instead? They think, "I can't make 20 points using one lot in this market, but I can try to make 2 points using ten lots!"
Because they feel they ‘have to trade" and "make money today", they unsafely increase their position size and attempt to grab some points in a market showing very little price action. These traders are not only forcing trades, but they are forcing trades with increased risks with the use of additional lots. A double no no.
This is when traders become a danger to themselves and their accounts. If there is an unexpected move against their trade, they will get killed due to the size of their open position.
Always remember that a bigger position size not only magnifies potential profits, but also magnifies losses by the same amount.
well guys today i am very happy i traded like true system trader and right now i am in profit so what if this is very low i have profit of 300 rs
today +300
lprofit of 6 whith the brok
overl all points=189+6 =195
profit=9775
i have two position 5300 ce at= 151
5200 ce =93
well one hour chart is bulish we might see a gap up openig this is my view plz do your own anlysis .
today +300
lprofit of 6 whith the brok
overl all points=189+6 =195
profit=9775
i have two position 5300 ce at= 151
5200 ce =93
well one hour chart is bulish we might see a gap up openig this is my view plz do your own anlysis .
Dear Sumitdas joshi, I have two questions for you friend
1) At present i am using Demo version of MT4, it is nice.. but i have not done any trades, doing only paper trades. What are the oscillators that your are using for intraday trades... I am using STOCH and RSI. Can you please share here the settings and the oscillators that you adopt for your trades?
2) What is the purchase cost of the MT4? or you pay it monthly for the usage of the software? One of my broker here is using MT4,with live data.. but charges Rs 1500/- per month.. for the software usage? Is the rate charged compatible? Can i go for it?
Regards
Saivenkat
1) At present i am using Demo version of MT4, it is nice.. but i have not done any trades, doing only paper trades. What are the oscillators that your are using for intraday trades... I am using STOCH and RSI. Can you please share here the settings and the oscillators that you adopt for your trades?
2) What is the purchase cost of the MT4? or you pay it monthly for the usage of the software? One of my broker here is using MT4,with live data.. but charges Rs 1500/- per month.. for the software usage? Is the rate charged compatible? Can i go for it?
Regards
Saivenkat
well as for as indi i used all the indi that are castum made with some modifiaction you can also surch for custam made indi wich is avalibel in google and try to test that which suits you best in your trading if i tell you what indi i use than you migh be not get what you will get with resurch in google may be you will get a set of indi which can do magic .
you just have to put an efort i will post all my indi when i close this thread so dont worry about that.
as for as 1500 rs charge its up to you to deside as for as my point of view its bit of expencive look for better one if you also do stock trading than its good.
you just have to put an efort i will post all my indi when i close this thread so dont worry about that.
as for as 1500 rs charge its up to you to deside as for as my point of view its bit of expencive look for better one if you also do stock trading than its good.
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