Trading as a part time profession.

[rajendrani]

Examples using the methods

 

[rajendrani]

More examples to follow,

Thanks and regards,
Rajendrani

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

 

[rajendrani]

How to fine tune the method to suit your style?​

1. You can either trade in futures or in Stock using the same method.
2. Instead of exiting entirely at SAR, exit at desired profit level, For eg, Enter at any PH OR PL and use the same procedure for SAR, once you get your desired profit level, exit and then re-enter again at another PH or PL
3. You can add 10-15 stock scrips in your watch list and then enter accordingly and exit at comfortable level, before hitting SAR.

Whatever you do, make sure you are in profit.

You make your strategy according to the capital you have.

Thanks and regards,
Rajendrani

 

[praveen taneja]

How to fine tune the method to suit your style?​

1. You can either trade in futures or in Stock using the same method.
2. Instead of exiting entirely at SAR, exit at desired profit level, For eg, Enter at any PH OR PL and use the same procedure for SAR, once you get your desired profit level, exit and then re-enter again at another PH or PL
3. You can add 10-15 stock scrips in your watch list and then enter accordingly and exit at comfortable level, before hitting SAR.

Whatever you do, make sure you are in profit.

You make your strategy according to the capital you have.

Thanks and regards,
Rajendrani

Thanx bro for your time n charts . It would really help many thnx

 

[rajendrani]

Thanx bro for your time n charts . It would really help many thnx

Thanks praveen,

Regards,
Rajendrani

 

[Prabhjeet]

Sailing on TWO boats each leg in one , is dangerous.Personally I feel
Trading should be taken as full profession.(Rather intraday trading)
Many people take it as a side profession ,that is way we see as many
as 90% day traders as losers.One can invest for long term ,in small lots
,if they have good jobs ,without aiming for millions or billions.If you have
INTRADAY-ITCH, and a posh job,then stop that ITCH and concentrate on
your job.

Columbus I would like to disagree with you on this point that Trading needs to be done Full Time and those who are taking it as second profession have got to loose, totally disagree.

Daily charts can make a lot of money given that a trader has a Sound Trading System, Money management ( plus deep pockets) and most importantly have Patience to take many small losses for making few large profits.

I suppose that should not take more than 15 mis. per day but will require nerves of steel and real great discipline. But tha does not mean you can get away from hard work, you still will have to put efforts to put money in your pockets

 

[AW10]

Thanks Rajendrani for this great thread. It will certainly give a ray of hope to people who are serious about trading but always doubt that trading = watching market tick by tick and has inconsistent return patterns. I strongly believe that trading can be done on part time basis.. but it has to be taken with dead seriousness like a business of a trader.

Generally, most of us, when we do something part time, we tend to take it very casually. Moreover when we have other earning, the committment is further reduced and we end up trading for hobby. That is the main reason, why most of parttime casual traders can't make it big in trading.

As long as people take the trading as business, your thread is providing them good base to get started.

Keep it up.
Happy Trading