Best way of day trading - 2652 theory of trading

[TraderInTheZONE]

First Trade :
Buy Call Triggered @ 2940, SL @ 2905 ------ (-35) Points Booked

Second Trade:
Sell Call Triggered @ 2905 (Double Quantity)
Target : 2882 (Achived) -------(23*2)=46 Points Booked

Net 46-35 = 11 Points .

(is Correct?)


Regards,
V.V.

Somebody please answer V.V's question !!
My question is exactly same

 

[pkamalesh]

looks good on paper though the 11 points would go to ur broker...

 

[amar_gr]

Somebody please answer V.V's question !!
My question is exactly same

The calculation is correct, it works out to a No Profit No Loss day, when brokerage is taken into a/c.

 

[rajaram.dilipkumar]

Order 1
-----------
Buy At: 2940.20
Target: 2955
Stop Loss: 2910.7

Order 2
----------
Sell At: 2886.20
enhanced Target: 2863.1
Stop Loss: 2915.1

are the values i got ... vv and sunil how the trade got trigerred @ 2905. If time permits pls explain..

 

[TraderInTheZONE]

Order 1
-----------
Buy At: 2940.20
Target: 2955
Stop Loss: 2910.7

Order 2
----------
Sell At: 2886.20
enhanced Target: 2863.1
Stop Loss: 2915.1

are the values i got ... vv and sunil how the trade got trigerred @ 2905. If time permits pls explain..

I have also got the same numbers and you have ..
Highly confunsed !!!

 

[sachinsamani]

First Trade :
Buy Call Triggered @ 2940, SL @ 2905 ------ (-35) Points Booked

Second Trade:
Sell Call Triggered @ 2905 (Double Quantity)
Target : 2882 (Achived) -------(23*2)=46 Points Booked

Net 46-35 = 11 Points .

(is Correct?)


Regards,
V.V.

SL for first trade was 2911 not 2905. (29 points). Please read the rules carefully V.V. We are all there to help you. But please just don't follow the numbers posted by co members blindly.

Sachin

 

[Sunil]

Order 1
-----------
Buy At: 2940.20
Target: 2955
Stop Loss: 2910.7

Order 2
----------
Sell At: 2886.20
enhanced Target: 2863.1
Stop Loss: 2915.1

are the values i got ... vv and sunil how the trade got trigerred @ 2905. If time permits pls explain..

RD, we are supposed to modify our orders with every new HOD / LOD after 10:35 ...
we have a new high at 2949.
so, modified sell order comes at 2949-factor = 2904.90

factor is the result of calculation as per theory AT 10:15 & remains FIXED THROUGHOUT THE DAY AFTER 10:15 TILL 3:30

 

[V.V.]

your SL for longs is wrong...
gross loss on long = 2940.10-2910.60 = 29.50 * 50 (1lot) = 29.50*50 = Rs 1475
gross profit on shorts = 2904.90 - 2881.00 = 23.90 * 2x qty = 23.90*100 = 2390

net profit = 2390-1475 = 915 less brok & other costs, stt (around Rs 100 per lot, in my case) = 915-300 = 615

Rs. 615 is supposed to be the normal target EVERYDAY if u trade 1 lot of nifty for 0.5% gain

Sorry for the Confusion . Onceagain Thanku Sunil ji.

Regards,

V.V.

 

[venkatseshadri]

RD, we are supposed to modify our orders with every new HOD / LOD after 10:35 ...
we have a new high at 2949.
so, modified sell order comes at 2949-factor = 2904.90

factor is the result of calculation as per theory AT 10:15 & remains FIXED THROUGHOUT THE DAY AFTER 10:15 TILL 3:30

I understand that we take the factor at 10:15 and we modify our orders with every new HIGH and Low. We keep modifying the values till the first order is triggered and stop after that? Or you keep modifying the order values (i mean SAR values) as and when it changes till End of Day?

 

[V.V.]

not at all, rohit...
once factor is fixed at 10:15, we stick with it THROUGHOUT THE DAY...

SL for all orders is set at 1%, as per theory.
if modifed sell order level COMES FIRST before such 1% SL, then such sell level becomes SAR

for eg, as of now, SL for longs = 2910.60
and sell is at 2904.90

assume that sell is at 2912.90.... then, obviously, it comes before 2910.60 - so, we make 2912.90 as SAR (stop-and-reverse) level...
give such quantity's order that it will close previous long position, and make fresh new short position with enhanced qty.
say, if long is of 1 lot, then SAR should be for 3 lots - 1 lot closes long, 2 lots makes fresh short

Already U Explained here Clearly. I Missed this. Thanku Sunil...

Regards
V.V.