Day Trading Stocks & Futures

[Raj232]

if people are here interested ..i could post charts of other markets showing what is coming for all us .. let me know

Great charts .. will read at ease @ 3:30 PM .. thanks in advance !!

 

[nitingosavi]

 

[onequorauser]

for me no risk needs to be constant reducing risk after a couple of losses will lead to playing catchup as ur profits lessen compared to ur loss .. u should think about reducing it only if prolonged period of losses taking your drawdown below 10% of your capital..u should have a daily loss limit instead and stop trading for the day if u hit that limit.

Also can you throw some light on MM especially during adds. Sometimes pyramiding blows up on one's face big time but it also allows entry with a smaller size which is necessary sometimes

and what about MM during adds. Acually I added that query a little after I put up the first one

 

[rjshem]

if people are here interested ..i could post charts of other markets showing what is coming for all us .. let me know

vikas2131 you are doing great service here .always a pleasure watching charts like yours keep it going as long as u can. onceagain a big hatsoff .

 

[Raj232]

raj232 ur a pretty experienced guy so u know what it means . think i have said enough about it in a lot of my posts and thers a lot written on it here as well(Can check STs post on it hes written it beautifully) .here is one gem of it.

Trade 1% of your trading capital on each trade. Increase the % only after you reach 50 % profit on your trading capital....This should take about 3 months. Then at the end of 3 months devide the profits equally between trading capital and risk capital.....continue trading 1 % of your trading capital.....and trade 4-5 % of your risk capital......let this continue for 100 % profit....then repeat the same step.....

Let us take an example...say your Initial trading capital is Rs 5 Lacs......you make 2.5 L profits devide that 50:50 ...so trading capital now becomes 5+1.25 =6.25 L and your risk capital is 1.25 L now on each trade you take 1 % of 6.25 L plus 5% of 1.25 L = 6250 +6250 = 12,500 on each trade......continue this till your trading capital + Risk capital becomes 15 L ....then same steps.....

If you find 5 % too large, then go for 3-4 % of risk capital but this compounding will increase your trading capital exponentially without taking undue risk with your trading capital which goes on increasing continuously.

Thanks for the great post

 

[rjshem]

and what about MM during adds. Acually I added that query a little after I put up the first one

adds depends how comfortable one is with it .yes it can blow up but it will also give large profits if u dont mismanage that is wrong exits due to fear or adding at wrong places like in sideways or end of trend..

 

[Raj232]

being late for market hrs is a serious offence against yourself, if you are a full time trader.
many opportunities missed whenever i am late.

same here.. got up at 11 am from sleep .. but not a full time trader.. and no open positions.. on a 15 day vacation from market

 

[Shiv12345]

Very very dull day today. Very little money made. Kept on waiting for big move. It's like we are so close yet so far. May be tomorrow shall bring big money. Lets hope so.

 

[Raj232]

No noise here today?
Bought BN 26800 CE at 52.70

Not much noise even now

 

[nitingosavi]

bought 26300 puts @ 27-28
moderate qty.... going to hold/carry