Small Trader aiming for a Weekly Target of 10-15K

[emil16]

SBI Sold @ 1709.95 SL 1720.5
Axis Bought @ 1082 SL 1074

 

[emil16]

SBI SL hit and reversed at 1720.5

 

[whisky]

SBI Sold @ 1709.95 SL 1720.5
Axis Bought @ 1082 SL 1074

Traded in Futr?

 

[emil16]

Axis Bank Closed at 1085
Nifty exited and reversed at 1071.5 with SL 1076.4

 

[emil16]

SBI SL hit both sides: Loss 2631.25 (Didn't notice the low volatility)
Nifty Covered with a profit: 1755 (messed up a bit with incorrect SL order executed as market order in the other direction )
Axis Profit: 525

Net Loss 351.25

 

[emil16]

Traded in Futr?

Yes. Only in Futures.

 

[emil16]

So, whats your leverage adjusted return?

Not calculating that.
I don't want to complicate anything. Just aiming for a weekly target of Rs 10000 -15000 in Day trading. No overtrading.
Will analyse the situation every week.

 

[emil16]

Infy gives an entry at 2985.6 for targets 2996 -3006 but not taking it due to low volatility. (Lesson learnt thru SBI Today. Could hit both ways.)

 

[Mr.G]

Infy gives an entry at 2985.6 for targets 2996 -3006 but not taking it due to low volatility. (Lesson learnt thru SBI Today. Could hit both ways.)

whats your leverage adjusted return?

 

[GTji]

Are you all trading with margin money or your own cash? because 10-15K per month with 2 lacs is extremely difficult, I couldnt make more than 50K per year with that kind of money.

My dear, 50 k per year on 2 lacs would be okay for a beginner, but professional traders are looking to at least triple the capital (if not more) in a year, otherwise whats the use of trading? might as well put your money in fixed deposits and earn risk free returns. Also, it would be rather useless not to use leverage on intraday trades (especially for professional traders).