Challenge of Trading crudeM with 4k for 30 trading days!!

vijkris

Learner and Follower
#1
Hi, this thread is to challenge myself to be disciplined and consistant.

For this I will challenge myself to focus on 1 scrip i.e CrudeOil, irrespective of new highs made in Nifty !!

Next task is to trade only this scrip with rs.4k as capital.

I will keep this challenge for 30 "trading days". Not necessarily consecutive as there are some outside commitments.

There are so many methods and I am yet to decide which method/rules I ll follow.

Will post realtime charts, hope its not against the rules of the forum.

will not post any ledgers/tradebook snapshots as it is childish/signs of arrogance.

Risk mgmt: Well thats the tough part here, as the capital is too low and minimum risk is 10 pts in crudeM, so it comes out as 120 rs including brokerage.
thats 3% per trade.
Margin required is around 2800 per lot, so i will have around 10 consecutive sl hits as the point where further trades cant be taken.

So the challenge will end either at end of 30 trading days or 10 consecutive sl hits. :D



If i come out in profits, no issues, if i loose this challenge, then max loss should be approx 1200-1400 Rs.

Hopefully thats not a huge amount to gain discipline. !!!
 
Last edited:

wabuf

Well-Known Member
#4
.....Well thats the tough part here, as the capital is too low and minimum risk is 10 pts in crudeM, so it comes out as 120 rs including brokerage.
....................................

Hopefully thats not a huge amount to gain discipline. !!!
nothing is too low friend . for somebody 4k is all he could earn for year..
... treat it like 4 lacs .. and i know u'll do it .

best of luck ..
 

wisp

Well-Known Member
#7
Hi, this thread is to challenge myself to be disciplined and consistant.

For this I will challenge myself to focus on 1 scrip i.e CrudeOil, irrespective of new highs made in Nifty !!

Next task is to trade only this scrip with rs.4k as capital.

I will keep this challenge for 30 "trading days". Not necessarily consecutive as there are some outside commitments.

There are so many methods and I am yet to decide which method/rules I ll follow.

Will post realtime charts, hope its not against the rules of the forum.

will not post any ledgers/tradebook snapshots as it is childish/signs of arrogance.

Risk mgmt: Well thats the tough part here, as the capital is too low and minimum risk is 10 pts in crudeM, so it comes out as 120 rs including brokerage.
thats 3% per trade.
Margin required is around 2800 per lot, so i will have around 10 consecutive sl hits as the point where further trades cant be taken.

So the challenge will end either at end of 30 trading days or 10 consecutive sl hits. :D



If i come out in profits, no issues, if i loose this challenge, then max loss should be approx 1200-1400 Rs.

Hopefully thats not a huge amount to gain discipline. !!!
It can be done! I have only 2 suggestions

1) Don't start unless you are sure of your rules and method
2) IMHO Outside commitments keeping you off trading should be consistent, i.e., it cant be random hours

Wish you the very best! YES YOU CAN DO IT!!
 

Aman1

Well-Known Member
#8
Do not focus on P&L . The main theme to grow account will be allowing your winner run. That will happen if you catch a directional move in your favour. Avoid chop. Crude is notorious for hitting stop loss. Your 10 tick SL is too tight but fine if your method allows.
If I were in your place, with this amount, I would prefer to swing one mini . 4k is too small an amount to day trade or scalp. With this amount your psychological/ mental makeup will be tested more than your trading skill because you will be more worried not to see your SL hit than to see your Profit achieved....


From my personal experience... as I once tried this and blew my account:D
 

primitivetrader

Well-Known Member
#10
i will be astonished if you not blow this capital of 4k. its too small a capital to trade with. anyways its my opinion and i may be wrong.
 

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