Best way of day trading - 2652 theory of trading

[sasi0263]

Hi Sasi, really appreciate the hard work you have put in to back test, i have 2 questions for you.

1> At times, there are two traders executed, i am assuming that the that because either the same trade triggered twice or trades on both side were hit (either both buy/ one buy and one short), i guess Dhiraj advised against using triggers om both sides.

2> At times when the SL is hit on the first day (e.g on Dec 11) you have not traded on the second day with double the value that is 2 lots, kindly clarify that as well.

Answers
1. In my sheet there is column for initial & 2nd Tgt. This means Max two trades in a day, whatever be the side(long or short). First order may execute before 10.35 or as per modified value after 10.35. If first Tgt achieves I do not go for 2nd.

2. Yes, I had not traded on the second day with double the value that is 2 lots. Since it was a testing, i wanted to check max drawdown in a month. That is why u can see in the NOTE/Advice section that Trade with double quantity after SL hit on the same day OR for the First trade on Next day

Checkpoint: If you incorporate my advice in my EXEL sheet, u will find that at the end of the month result will be enhanced by a factor 1.5 to 2

Thanks All specially Dhiraj and Sunil

 

[flashkid]

any body got into any trades today ?

sbi futures sell , aban futures buyl got triggered and made profit

Got Relcapital SELL, SBIN SELL, LT BUY & BHARTIARTL BUY

I have to start tracking ABAN also

 

[mkoonani]

Hello new member here!

 

[sasi0263]

No trade in Minifty, since no order executed till 1415 hrs. So no trade today

 

[sasi0263]

Hello new member here!

Wellcome dear,

Do read the initial post of t and the modeator and sunil. Its really required if u wanna exchange ur thoughts/trade as per this method

 

[sachinsamani]

No trade in Minifty, since no order executed till 1415 hrs. So no trade today

Why no trade after 14.15?

Sachin.

 

[tmnkin]

Hi there, i am planning to start paper trade on this method, do we need to take the excat high low of 10.15 or as per char value, please clairify, i found diffrence in high low when comparing, nse website and yahoo chart data

 

[tmnkin]

members who are doing this method of intra can list the scrips they follow, i think this will help new comers to track and learn quickly

 

[Sunil]

No trade in Minifty, since no order executed till 1415 hrs. So no trade today

Why no trade after 14.15?

Sachin.

Even i am unaware of this 2:15 rule (reminds me of Austin 3:16 )

Long triggered, but as of now, neither target nor SL hit.

 

[bandlab2]

so whats the rule say ? no sl, target. i exited by eod for loss. i will double t'row