my trading strategy

[ketangandhi]

Halo garg ji, how r u? I m impressed with ur trading stragities in metals.could u plz guide me regarding trading in gold guinea in mcx.i mean margin lot size, risk,volatility etc. I m also from ur region kota baran residing in indore .where u live in baran? I have 25000/- to start with mcx.is it sufficient to trade in gold guinea?any other metal commodity do u suggest.how much capital have u invested?

pl.stick what u have plan dont search for any commodity otherwise ur precious money wipeoff.

 

[drgargbaran]

mr ketan
first clear what is your choice intra day trading or long term trading and what is your investment capacity

 

[drgargbaran]

important
Future trading is vary risky every one start trading to become crorepati but most of them become roadpati
how can we prevent this thing
1 first u should decide your trading strategy either intraday trading or long term investment
in first pattern u should always put s.l. and clear your trading in same day either in loss or in profit
in second pattern u should always clear in your mind what is the actual cost of material u buy and never go beyond your limit.
in long term trading my suggestion is to buy first and sale after increament in price never go in reverse direction
i think market will be never go below december 2008 so please calculate your risk in the term of dec 2008 rates and never go beyond your limit
never work beyond your limit....apne khun paseene ki kamai ko dibbe me mat gawana

 

[Tradejack]

Halo garg ji,gud morning !.I want to ask u a question.that every one say that it is risky to trade in metals but i m doing paper trading since 10
days I observe that there is Only 1% to 3% change in metals.Am I right with my point?why it is risky?for day trading(i think)? What would u say about which is better long term or short term position?

 

[drgargbaran]

first tell me What is your budget for long term trading...
This is wrong that metal trading is not risky metal trading is vary risky in long term trading if u by 1 cooper in todays rate that is 310 Rs and market go down in dec 2008 position that is 149 Rs you are in 1 lakh 61thousand Rs loss
( 1 mcx lot 1000kg)

 

[Tradejack]

Garg ji,I am agree with your comment that if there is big fall then whole capital will wipe.but if trade is done with stoploss and with single lot,then it will be risky?my capital is 25000/-.i want to know how u trade n how much capital have u invested intially?have u any bad experience with metals.? U told about december 2008,why n how much crash in metals that time.

 

[drgargbaran]

Dear tj
25000 is not a capital this is only pocket money. this is not suitable for commodity market

 

[Tradejack]

Then what is minimum capital needed to trade in mcx?

 

[drgargbaran]

i collect my profit on aluminium today which one i bought on saterday aliminium is a large unit of 5000kg and profit is also large

 

[drgargbaran]

hi
i again purchase aluminium because this is available in aug alu mcx in 94Rs i also purchase sept gold 3 units
to i also sold doller august in 46 83 but iam in lose at this time