A new Life, A new Career, A new Dream - I am a Trader

[Taiki]

Started my journey with a touch of profit. I was waiting for shorting opportunity around 6050 - 6055. But Nifty had other plans for day

Intraday Trade
Bought NIFTY June Fut at 6085, Stop loss was at 6065, Target 6105.
Booked profit at 6109. Profit of Rs. 1250.00

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Thought about the trade and lessons
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This trade was not in my plan for the day as I was expecting Nifty to remain in the range of 5940 - 6055 till expiry. So i had plans of buying around 5940 and shorting around 6055.

The lesson is to be ready with a plan for movement in all possible direction, including a breakout, rangebound etc.

 

[Taiki]

Best of luck also from my side. Sounds you did prepare your self in a good way.

Trend, Strategy and then action should be your trading plan.

May I ask: What will you trade? Future, stocks, options or ETF's or a mix of some?

DanPickUp

Thank you Dan. Currently I am focusing only in FUT and OPT, Tracking only one Index i:e NIFTY.

 

[Happy_Singh]

Hello Bro

Best wishes for your new adventure

I am also trying something similar.

I am not sure why but there are many threads where members are asking questions like if we can make 100 points on Nifty in a month etc. . .

Is it really so tough to make even 100 Nifty points or 200-250 points with bank nifty in a full month (20 trading days or so)?

Regards
Happy

 

[EagleOne]

Dosti-yaari TJ tak rakhna bhai. Trading mein apni ID jaise rehna.
Best of luck

 

[Taiki]

Hello Bro

Best wishes for your new adventure

I am also trying something similar.

I am not sure why but there are many threads where members are asking questions like if we can make 100 points on Nifty in a month etc. . .

Is it really so tough to make even 100 Nifty points or 200-250 points with bank nifty in a full month (20 trading days or so)?

Regards
Happy

I dont know if it is tough or not, I will find out. What i know is Market is a ever changing landscape, and nothing can be taken for granted.. I guess many are asking this question because they want some sorts of assurance from others that what they think is right. I guess there are many senior traders here, who would be making 100 points in Nifty on every month or more than that. But what is working for them may not work for others, So i think the best thing would be lets try it. Even if we are short from 100 on first month, lets try next month. We will learn it gradually. Experience is the best teacher.

Best of luck to you too :thumb:

 

[Taiki]

Dosti-yaari TJ tak rakhna bhai. Trading mein apni ID jaise rehna.
Best of luck

Did not get you Dear

 

[Happy_Singh]

I dont know if it is tough or not, I will find out. What i know is Market is a ever changing landscape, and nothing can be taken for granted.. I guess many are asking this question because they want some sorts of assurance from others that what they think is right. I guess there are many senior traders here, who would be making 100 points in Nifty on every month or more than that. But what is working for them may not work for others, So i think the best thing would be lets try it. Even if we are short from 100 on first month, lets try next month. We will learn it gradually. Experience is the best teacher.

Best of luck to you too :thumb:

Good way of looking at it, not to under-estimate but give it a sincere try to do it and see.

I will also open a dairy and try to log my attempt at trading Nifty & Bank Nifty Futures.


Regards
Happy

 

[soft_trader]

Wish you All the best for your new journey.

May God bless you to be the most successful in your life.

 

[Mukunth]

All the best Taiki, wish you all success in your trading career.:clap:

 

[escape]

All the best buddy for this new endeavor.
Hope you are success in it and inspire others to become full-time trader.

As being full-time trader, what is ideal income you are expecting on monthly basis (I know this is personal question)?