I am working in a Job and also Trading.I am having a Good Goal which is Due in December 2009 for which I need a minimum of 4.5 Crore and after analysing I have decided to do it from Trading.My Mind tells me it is Impossible to Achieve,My Heart tell me it is Possible to Achieve.I know there will be Failures,there will be Obstacles, but I will need to keep Overcoming them.In this Path,I will need support and encouragement along with Criticism from all of you so I could correct my Path as Far as I can!I will be Posting on what Stocks I traded at the end of the Day,if i Trade on that Day.
I will be following these Points(Please feel free to Criticise/Caution if any)
Start Date: 06/22/2009(June 22nd 2009)
End Date: 12/31/2009(December 31st 2009)
Capital: 1 Lakh
Market: Equity/Futures and Options(Know the Basics,Have to Learn More)
Broker:Religare/ShareKhan
Money Management Method: Leverage using 1 Lakh as margin for Intraday 4 times till 5 Lakhs.
Maximum Loss Can I take : 10% of 1 Lakh.
Maximum Number of Trades in a Day: 10
Trading Methods: 5 ma,Pivot/Support/Resistance Level and will learn more.Have to Learn a Strategy which can work Combine all these or a new one which can help cut the Losses and Provide Profits
Resources: 1 Pentium 4 System 5.66 Ghz Processor with 504 Mb Ram , Odin Diet Terminal from Religare, Internet Connection with speed of 65 Mbps.
Please guide me with your Feedback and Criticism.
Thank you all!