Nifty intraday diary
- Thread starter nifty disiplined trading
- Start date
i am using amibroker afl. which genrates buy sell signals. i trade according to it. no daily limit loss limit but i keep very tight stop loss for every trade. i wait for my targets till day end i do not book profit. i cant share that system here as it containts dll plugins. but it is surely not holy grail it is normal system which has success ratio of 60/40.. i backtest it from 2007 for nifty fut and it gave satisfy returns. avarage net 95 points per month. i am working on few systems lets see. 90% money managment and 10% avrage system can make any1 rich. i am happy with small gains as i am going to compound lots when my money grows. i have some money mangment rules. it gives max 2 signals in day. so no problem to overtrade. i worked in a top trading company as rm for 5 years. i quit job and started full time trading. i have learned few things in my job.
1> 99% people loose money in intraday and short term future. i have to do exactly apposite what they did.
2> brokrage plays very imp role in success of trading. so i learned minmise ur trading cost as much as u can. so i am trading now 500 rs per month unlimited. trading in options to minmise trading cost compared to nifty fut.
3> trade with lower amount and try to compound it with good moneymangment and system. if it fails then we dont regrate as we are trading with lower amount. but if things goes well then we will have huge money. (every body does exact opposite to this in my job career.)
4> i have seen people who lost 50 lakhs in 1 month so if ur disiplined market will reward u otherwise market will throw u out.
finally i am not sure i will get successful in compounding money. but i will come again and again with small amount and try to make it huge amount. after all i am trading for living
1> 99% people loose money in intraday and short term future. i have to do exactly apposite what they did.
2> brokrage plays very imp role in success of trading. so i learned minmise ur trading cost as much as u can. so i am trading now 500 rs per month unlimited. trading in options to minmise trading cost compared to nifty fut.
3> trade with lower amount and try to compound it with good moneymangment and system. if it fails then we dont regrate as we are trading with lower amount. but if things goes well then we will have huge money. (every body does exact opposite to this in my job career.)
4> i have seen people who lost 50 lakhs in 1 month so if ur disiplined market will reward u otherwise market will throw u out.
finally i am not sure i will get successful in compounding money. but i will come again and again with small amount and try to make it huge amount. after all i am trading for living
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