Day Trading Futures

[stock72]

Hi manish
I hv started day trading 15 days back with asset 200k n got sm marginal earning then i lost big some of 10k i think u remember when NTPC sudden fall to 217.that was my bad day n still i did nt recover.now i came in small amouny trade.

if u had only 15 days of trading experience -- the first thing is reduce your capital from 200k to 10k . and continue trading . if 10 k lost then bring another 10k . do like this and note u will start making huge money before u loose all 200k in the phase of 10k each time.
this is the only way . do it now .

 

[XRAY27]

Posting 2 cases of Early Exits. These are only for illustrations ( as actually there is no sell signal there...)

Point A is a pivot low and when it is broken, we go short at the level marked by red line. Our usual stop is at a level marked by Black line. Market closes above the PL level in bar B indicating that the breakdown is a suspect so we cover our short positions at the level marked by Acqua line without waiting for our stoploss at black line to get hit. This saves on stoploss by 50 % or more.

A word of caution here. It is a method based on the principle that if breakout/breakdown is unsuccessful indicated by bar closing in the range, then it is wise to exit at earliest sign of trade not working out. But it sometimes gives false exits and hence needs re-entry.Overall I found this method to suit my mindset of low stops and high rewards trades. But at times these exits become frustrating ( like anything else in trading )....so it may not work well for everyone.

Smart_trade

ST da.. Thanks for the image i will save this in my collection.... :clap::clap:

 

[stock72]

Hi ,

just saw this msg. u mistaken me . I am not expert in technical charts. using some EMA, some indicators like pinky pinky ponky ...:rofl::rofl:
the only thing which made me huge successfully after eight years failure is my money management.
Money management is GOD in trading.

Originally Posted by bapu4 View Post
Hi Gandhar,TP,Nirav,Stock72,ST,Pratap,Augubhai,Manish ,a1b1 and all brothers,
I have found a very interesting thing about charts . Ofcourse, it requires further working and lot of interpretative capacity !! So, i am requesting u all to let us work on this method and i hope to unlock the treasure ! This is very interesting method and simple too !!

What i do is that :
i draw horizontal lines to swing pivots or major reversal vertices and draw trend lines .

the intersection points of these two lines (horizontal and inclined) give me very interesting information i.e. considerable downside or upside .

I am enclosing a chart here for ready refrence and will keep posting other charts also as i find .

This image has been resized. Click this bar to view the full image. The original image is sized 930x436.

This image has been resized. Click this bar to view the full image. The original image is sized 930x438.

 

[starscream]

Hi ,



just saw this msg. u mistaken me . I am not expert in technical charts. using some EMA, some indicators like pinky pinky ponky ...:rofl::rofl:

the only thing which made me huge successfully after eight years failure is my money management.

Money management is GOD in trading.

Can you explain me your money management . Larry Williams used the exact same line when he won the commodity championship

 

[gambler]

Hi ,

just saw this msg. u mistaken me . I am not expert in technical charts. using some EMA, some indicators like pinky pinky ponky ...:rofl::rofl:
the only thing which made me huge successfully after eight years failure is my money management.
Money management is GOD in trading.

Hi stock72,
Can u please little explain about ur money management method??
Thanks!

 

[suri112000]

Let us take a break and enjoy.

 

[XRAY27]

QUOTE I LIKE THE MOST

They (traders) would rather lose money than admit they’re wrong… I became a winning

trader when I was able to say, “To hell with my ego, making money is more important” -

__________Marty Schwartz

 

[stock72]

I dont know who is larry ...anyway i wish we all need to know the following two points to build our own money management system.

1) at least three times of trading capital must be in reserve and need to be mobilized in parts if trading capital lost in the trading.
2) the system shall be in a manner we could NOT able to mobilize money to trading account on the same day . this can be easily achieved.. like. u need to go parent village to get key to get money and to deposit in bank and then moved to another bank and then move to trading account etc.

the above two points achieved u won trading .. its my bet.

Can you explain me your money management . Larry Williams used the exact same line when he won the commodity championship

Hi stock72,
Can u please little explain about ur money management method??
Thanks!

 

[Tlahuicole]

Larry Williams is a commodity trading titan who turned 10000$ to 1100000$ in 1 year in world cup championship. Founder of Williams%R indicator.

 

[bapu4]

If you go through some earlier posts by Mr SavantGarde, he has explained this concept beautifully

Hi,
I will be greatful if you give the link of those posts!
Tx