Day Trading Stocks & Futures

Jai Mata Di

Well-Known Member
re: Day trading Nifty & Banknifty Futures

If you dont mind me asking .. How many net points do you make on a monthly basis ?
Hi, Nirav,

Sorry I missed your your question. Net points per month completely depends on market.

As my trading system is trend following system, it catches big when there is a trend. But, now a days trending days are decreasing slowly. I usually catch around 100 pt 5-9 days - trending days on a month. But rest days mostly cancelled with each other. Like 6-7 days with minor profit or loss and rest days are only break even days.

My personal opinion we cant survive it this market as a trader if we target 10-20pt for average trades and max 30-40 pt day unless we have very good experience (10 years or more) & knowledge about market. Most traders survived with big points only. Bcoz most of days are break even days (including minor profit/loss days which cancels each other) and we have to consider other cost for trading like Electric, phone, Internet, PC maintenance many more.

For example, today I got around 47 point in two trades. Out of which one trade (shorted near days high 11:15 when nifty tried to test it again) was nearly perfect.
Still bcoz of narrow ranges, stop losses hit 5 times which cost around 35 point.
So over all profit 12 point. And brokerage is another around 8-9 pt.
So only 3 point after whole days effort. :p

But that's life, market gives 100+ point too vary easily like yesterday. And my biggest gain is around 5 to 10 times than my biggest loss. I use small stop losses multiple times to catch a big trade and very successful in this way. I am winning big even with 30-35% right trades as reward is very high than risk taken. Bcoz I win big 100 pt+ (net) in trending days. That must be aim with Sup/Res and Fibo Level based system traders.

There are others who concentrate on 60-70% sure success rate and small profits. But designing such system is not also very easy bcoz most of times market remains in range bound condition. :)
Traders have different method, but we must first try to understand the system carefully and set aim and stop loss carefully. Many traders got bankrupted trying for small profits consistently bcoz of other cost in trading. We must also think of it. Our main aim must be try to catch big profit using small stop losses and our system must Let Profits Run, which I do.

I think now friends have clear idea about my system and why it catches 100+pt in trending days. I have build it for that. Positive Expectancy of such system is very high even with 30-35% right trades. :thumb:

Best Wishes to ALL.
Happy Trading.


H.C.

* I am going for a holiday and taking a break from TJ now :).
 
Last edited:
re: Day trading Nifty & Banknifty Futures

@JMD

Have a good trip in case you go to some where and otherwise enjoy your holidays in what ever way you do your off time. Take care / Dan :)
 

nirav_j

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Hi, Nirav,

Sorry I missed your your question. Net points per month completely depends on market.

As my trading system is trend following system, it catches big when there is a trend. But, now a days trending days are decreasing slowly. I usually catch around 100 pt 5-9 days - trending days on a month. But rest days mostly cancelled with each other. Like 6-7 days with minor profit or loss and rest days are only break even days.

My personal opinion we cant survive it this market as a trader if we target 10-20pt for average trades and max 30-40 pt day unless we have very good experience (10 years or more) & knowledge about market. Most traders survived with big points only. Bcoz most of days are break even days (including minor profit/loss days which cancels each other) and we have to consider other cost for trading like Electric, phone, Internet, PC maintenance many more.

For example, today I got around 47 point in two trades. Out of which one trade (shorted near days high 11:15 when nifty tried to test it again) was nearly perfect.
Still bcoz of narrow ranges, stop losses hit 5 times which cost around 35 point.
So over all profit 12 point. And brokerage is another around 8-9 pt.
So only 3 point after whole days effort. :p

But that's life, market gives 100+ point too vary easily like yesterday. And my biggest gain is around 5 to 10 times than my biggest loss. I use small stop losses multiple times to catch a big trade and very successful in this way. I am winning big even with 30-35% right trades as reward is very high than risk taken. Bcoz I win big 100 pt+ (net) in trending days. That must be aim with Sup/Res and Fibo Level based system traders.

There are others who concentrate on 60-70% sure success rate and small profits. But designing such system is not also very easy bcoz most of times market remains in range bound condition. :)
Traders have different method, but we must first try to understand the system carefully and set aim and stop loss carefully. Many traders got bankrupted trying for small profits consistently bcoz of other cost in trading. We must also think of it. Our main aim must be try to catch big profit using small stop losses and our system must Let Profits Run, which I do.

I think now friends have clear idea about my system and why it catches 100+pt in trending days. I have build it for that. Positive Expectancy of such system is very high even with 30-35% right trades. :thumb:

Best Wishes to ALL.
Happy Trading.


H.C.

* I am going for a holiday and taking a break from TJ now :).
Hello HC,

I really appreciate the detailed reply ... :thumb:
This post of yours and a cpl by ST da on this topic helps budding traders like me and others to gain experienced perspective ...

Enjoy your holiday and break and do comeback on this thread ...

The quality of discussion goes up significantly with posts from experienced traders ... :thumb:

Regards.
 

Jai Mata Di

Well-Known Member
re: Day trading Nifty & Banknifty Futures

Thank you very much Dan, for your wishes. We are going for Goa (India) during this Monsoon.

I wish to visit your country Switzerland: The Dream Destination, at least once in my Life with the blessings of Goddess Jai Mata Di. :)

Take Care.


H.C.
 
re: Day trading Nifty & Banknifty Futures

Thanks for the kind words Amandeep. My journey as a trader was tough and I would not like to think about those early days and the mistakes I committed...it is pretty scary almost like a horror story :D

Smart_trade
ST da
every profitable & successful trader of history did had a horror story..but it inspire us & teach us..what should not be doing in trading.
we have already read so many stories of world traders in market wizards.Bur e dont have any good example if indian trader which can inspire us.a role model in trader world.we want to know about journey of our own Indian market wizards.who can be better than you..if Time permits & you fell like sharing it.please share it..we all have a weekend to listen this story step by step..Trust me every life story is inspiring..& if its coming from ST da..it would be like a bible for traders..
It will inspire & motivate us which no other motivational guru can do..
kindly share it
regards
 

simplebuthard

I can work as trade executor. Anyone in need?
re: Day trading Nifty & Banknifty Futures

Some important Results are coming next week.

11/08/2014 Results - Tata motors, SAIL, HPCL
12/08/2014 Results -Tata power, Sunpharma, NMDC, IOC, Coal India, BPCL, BHEL
13/08/2014 Results - ONGC, GMR infra, Unitech
14/08/2014 Results - RCOM, Relcapital, Hindalco, Cipla
 

sudoku1

Well-Known Member
re: Day trading Nifty & Banknifty Futures

@toughard
In TJ..ur txt translation opens as :
''Even indirect use of abusive language (e.g. B****) will attract moderator action.'' :-D
 

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