thanks. I meant some more description.
Can you explain a bit...
I am not able to get what IMAGE is tellling... ?
In 2013 Depavali day, I met Mr.vinay at Bangalore. (He is my friend; find him in another one forum site)
We both are discussed lot of things about market and technical analysis aspect. He is very good in money management and trading discipline in his trading. Finally they provide me in one excel sheet.
His plan is start trading with 5L capital (Trading investment 2.5L). Expected 20% return /month.(only
they expected 96 points with 50 lots trade)
He is only doing banknifty and nifty options trade. His plan is monthly 10L earnings. (Almost he is very well planed, how to trade, what are they expected in this market and what is his final goal.)
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Okay, after return my home. I chek my previous crude oil trading history. I got almost 200 points /month (average). So i plan to apply the same rule in crudeoil.
For testing purpose start crudeoil trade with 1L capital.
First stage target is 1000 points.(Per entry took 2 lots)
Well.market is good supported me,i achieved my first goal at Mar2014 contract.reached target at 04.03.2014..But i plan to start second stage after Mar2014 contract Expiry.
[18.03.2014 : i have 2,33,600 L ( 1 L is investment and 1,33,600 Profit)
plan to start trading with double qty (Per entry took 4 lots)(P/L calculated sprite leg)
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Second stage target is 500 points per leg.
Unexpected loss in first 5 trades..
So added additional margin Rs.1 L in my trading account (date : 24.03.2014)
placed payout [additional margin Rs.1 L] date : 17.09.2014
[17.10.2014 : i have 3,38,600 L ( 1 L is investment and 2,38,600 Profit)
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Third stage target is 350 points per leg.(Per entry took 6 lots)
[18.11.2014 : i have 4,38,600 L ( 1 L is investment and 3,52,300 Profit) ]
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Today plan to start 4 th stage: Target is 250 points per leg .(Per entry took 8 lots)
Still i am not took first trade...waiting to good start....