#### sanju005ind

2 Powerful Learning today:
Your not staling anything . I learned myself from this site a lot.

The most important cardinal rule is "NEVER TRADE WITHOUT SL" In the current environment I suggested to not to trail SL.

#### MSN1979

##### Well-Known Member
Calculating R:R
1:1 = 28
1:2= 56
1:3= 84

Opening Paper Points : 2000
Entry @ 9995.25
SL @ 10019 +2 =10021 = 25.75
Comission = 2 P (Trade falls in 1.5% bracket)
TSL 1 = 10009+2= 10011
TSL 2= 10007 +2 =10009
Exit =10009
Loss=13.75 P +2 (C)= 15.75
Closing Balance = 2000-15.75 P=1984.25

Opening Paper Points : 2000
Entry @ 9995.25
SL @ 10019 +2 =10021 = 25.75
Comission = 2 P (Trade falls in 1.5% bracket)
TSL move= 8.75 P
Exit =10012
Loss=13.75 P +2 (C)= 18.75
Closing Balance = 2000-18.75 P=1981.25

Opening Paper Points : 2000
Entry @ 9995.25
SL @ 10019 +2 =10021 = 25.75
Comission = 2 P (Trade falls in 1.5% bracket)
FRB Exit >=(Avgx2) 20 P
Exit = 9975
Profit=20-2 = 18 P
Closing Balance = 2018

Opening Paper Points : 2000
Entry @ 9995.25
Swing SL =? Resistance line
Comission = 2 P (Trade falls in 1.5% bracket)
Exit =
Loss=
Closing Balance =

Calculating R:R
1:1 = 28
1:2= 56
1:3= 84

Last edited:

#### timepass

##### Moderator
Brother, for day trading, don't overthink the results/calculations, don't stay in the trade too long. Take your profits and run. Re-enter if there is a possibility. You stay in a trade too long, you are sure to get whipsawed. Check the charts. On most of the days, you will find one anti-trend spike which takes out all the stoplosses, and then the trend resumes.

So, make sure you book some profits before taking principled trades.

#### MSN1979

##### Well-Known Member
Brother, for day trading, don't overthink the results/calculations, don't stay in the trade too long. Take your profits and run. Re-enter if there is a possibility. You stay in a trade too long, you are sure to get whipsawed. Check the charts. On most of the days, you will find one anti-trend spike which takes out all the stoplosses, and then the trend resumes.

So, make sure you book some profits before taking principled trades.
Timepass you have basically summed up my story so far in FNO Trading. I started Last Friday and since I was confident about my system I took trades but got whipsawed by market. Idea here is to do paper trades and with advice of experienced members. Find a system to overcome bottlenecks of my system. Thanx again for advice, the FRB system I am testing allows profts to be booked at avg x2 just like you have mentioned. Wish me luck.

#### MSN1979

##### Well-Known Member
Log for 7/8/19 to 7/9/19

Rules: Max 2 Trades Per Day

7/8/19- -24 P

#### MSN1979

##### Well-Known Member
8/8/19: No trade setups to enter

#### MSN1979

##### Well-Known Member
9/8/19

Attempted long

Loss -21 P with comission

#### MSN1979

##### Well-Known Member
+30 P 2nd and last trade in nifty

Total for 3 days = -12 P including comission