Crude Trading to Earn 100 % in a Year

[primitivetrader]

Entered Long @ 3231 with Stop @ 3196

if you are trading intra this is too big a stop loss to keep if sl is so big dont take the trade. for intra for me in crude max sl should be 10 points tht too not frequently. i trade 3 min chart

 

[*Trader*]

Thanks for suggestion my dear. I am noting your point to improve my trading system but not at now because as I am newbie I am just trying to discipline myself first to follow trading system rules. Later I will focus on to improve my trading strategy and may be I will learn new methods from seniors like you.

At now I am confident that at least I can manage break even with this system but I kept a goal to double my capital in 1 year because with out goal we may not reach anywhere.

 

[Nikhil Dogra]

Crude Oil based on your EMAs 10/40 on Daily is in a uptrend.

1. Why not eliminate the short trades on 5min charts ?
2. If you don't want to eliminate short trades on 5min charts why not short 5 Crude oil mini lots instead of 1 Big Lot ?
   
3. Long = 10Mini Lots or 1 Big Lot & Short = 5Mini Lots ?

 

[*Trader*]

View attachment 22408


Crude Oil based on your EMAs 10/40 on Daily is in a uptrend.

1. Why not eliminate the short trades on 5min charts ?
2. If you don't want to eliminate short trades on 5min charts why not short 5 Crude oil mini lots instead of 1 Big Lot ?
   
3. Long = 10Mini Lots or 1 Big Lot & Short = 5Mini Lots ?

Good Point. Thanks for the suggestion my dear.

I designed my trading strategy to be as simple as possible. I am confident that this system will generate some returns in a year.

I will improve the trading system later on but at now I am not going to make any tweaks.

 

[*Trader*]

Moved the stop to 3217 for the short position which entered at 3209.

 

[Raju]

Are you expecting some reversal around current levels ? 3173 - 3163

I am watching crude oil for the first time and would do paper trading ....

 

[*Trader*]

Are you expecting some reversal around current levels ? 3173 - 3163

I am watching crude oil for the first time and would do paper trading ....

I won't expect anything. I will just follow my rules even I know trade will go wrong.

 

[*Trader*]

Closed the short @ 3170 which is shorted @ 3209

First Profit Trade.

Profit Booked : 3900 -100 (Brokerage) = 3800 ₹

Returns till now: -3.9 %

Draw down : 7.7 %

Success Rate : 25 %

 

[*Trader*]

No trade today because no entry given till now.

 

[Kumar .]

I won't expect anything. I will just follow my rules even I know trade will go wrong.

nice attitude
best luck