10% profit in intraday trading is achievable or not

i have a strategy which works for equity ,mutual fund,commoditity and currency.It is not for intraday it is for 1-10-30days holding which gives good return.

I do intraday in crudemini with the capital of 4k per lot and earn handsome 300-500 profit in each trade.

Use ADX and PSAR combination for deciding selling and buying.

Last week made 700 and last to last week 1000.Now i am holding 6 lot of crudemini ,if 100 points are coming down i make good profit.

@miss.e @ankquo

Hats off ankquo as you profits seem consistent. Keep it up and share the good news!

No I didn't stop posting actually. The last fortnight, starting with 30/04, put me in a grinder.

I was managing a client's account where I shorted N Gas on 30th. It shot up at the fastest rate in the last 5 years and to make matters worse, my broker's staff advised me to "average" ( to make further shorts). I ended up with total 40 lots of NG shorts which I had to square because prices showed no signs of slowing down. I ended up with 6 lakh loss on the account and a black face.

In desperation, to recover losses, two days later I made some gamble like trades without SL and I threw up nearabout 3.0 lakh.

My client was extremely worried but didn't use any harsh words. I went back to the drawing board and plugged some loop holes and wanted him to test my new tips without trading.

Happy to say, my tips in the last 2 days yielded approx. 20k imaginary profit without a single miss on 1 lot of each product. My client looks relieved and is ready to pump in more fund.

I have also decided to use his own manager to punch the orders at the terminal because managing technicals and stop losses/targets at the terminal seems too much for me to handle. Tips will be sent to him through google+.

At the side, an ATS is also running but didn't yield any signals in the past two days, which is normal.

My lessons learnt are:

a) the brokers' staff may be a nice chap but never ever keep trust in his trading abilities. They are not traders basically and almost no one follows indicators/charts but news and tips.

b) follow the wise men. They always tell us never to average unless you are 99% sure that your assumed trend is right. Normally I follow this advice but on 30th. things moved so fast that I lost my judgment.

c) Follow the higher timeframes. They are cool and safer.

d) whenever possible, work in carry forward mode, especially after the afternoon (MCX).

e) follow the important events, such as inventory and the fed. On 30th I knew about NG inventory at 8 pm and could have collected a windfall by putting in SL bids both as buy and short. It didn't occur to me and the staff didn;t advice so either.

@miss.e @ankquo

Hats off ankquo as you profits seem consistent. Keep it up and share the good news!

No I didn't stop posting actually. The last fortnight, starting with 30/04, put me in a grinder.

I was managing a client's account where I shorted N Gas on 30th. It shot up at the fastest rate in the last 5 years and to make matters worse, my broker's staff advised me to "average" ( to make further shorts). I ended up with total 40 lots of NG shorts which I had to square because prices showed no signs of slowing down. I ended up with 6 lakh loss on the account and a black face.

In desperation, to recover losses, two days later I made some gamble like trades without SL and I threw up nearabout 3.0 lakh.

My client was extremely worried but didn't use any harsh words. I went back to the drawing board and plugged some loop holes and wanted him to test my new tips without trading.

Happy to say, my tips in the last 2 days yielded approx. 20k imaginary profit without a single miss on 1 lot of each product. My client looks relieved and is ready to pump in more fund.

I have also decided to use his own manager to punch the orders at the terminal because managing technicals and stop losses/targets at the terminal seems too much for me to handle. Tips will be sent to him through google+.

At the side, an ATS is also running but didn't yield any signals in the past two days, which is normal.

My lessons learnt are:

a) the brokers' staff may be a nice chap but never ever keep trust in his trading abilities. They are not traders basically and almost no one follows indicators/charts but news and tips.

b) follow the wise men. They always tell us never to average unless you are 99% sure that your assumed trend is right. Normally I follow this advice but on 30th. things moved so fast that I lost my judgment.

c) Follow the higher timeframes. They are cool and safer.

d) whenever possible, work in carry forward mode, especially after the afternoon (MCX).

e) follow the important events, such as inventory and the fed. On 30th I knew about NG inventory at 8 pm and could have collected a windfall by putting in SL bids both as buy and short. It didn't occur to me and the staff didn;t advice so either.

Pathetic trading/managing money...don't know the post /statement expects pride in blowing the client money and boasting here for what.

@miss.e @ankquo

I was managing a client's account where I shorted N Gas on 30th. It shot up at the fastest rate in the last 5 years and to make matters worse, my broker's staff advised me to "average" ( to make further shorts). I ended up with total 40 lots of NG shorts which I had to square because prices showed no signs of slowing down. I ended up with 6 lakh loss on the account and a black face.

In desperation, to recover losses, two days later I made some gamble like trades without SL and I threw up nearabout 3.0 lakh.

My client was extremely worried but didn't use any harsh words. I went back to the drawing board and plugged some loop holes and wanted him to test my new tips without trading.