Day Trading Futures

[XRAY27]

20 points+++++ in nifty booked 50%....hold remaining with tsl

 

[Gandhar.]

tomorrow fryday and gann pressure date?

 

[shashankteli]

please help me to MCXSX CURRENCY INTRADAY TRADING

 

[niftyoption]

No Pratapbhai, this is a day trading system, I have one swing trading system, that gives better results, but you know I hate swing trading even though it makes money. The reason is simple, risk management is very tough, in swing trading system, you know these gaps simply deteriorate my risk per trade in swing trading, most of the time the gap will be in the direction of trend, but also I cannot stop thinking of the opposite happening and its spoils my peace of mind.

Regarding this day trading system.

Suppose I have 4L capital for day trading I will divide into two.

one part of 2L will be divided into two 1L.

My trading capital will be 1L constantly everytime if it goes below 1L then another 1L will feed this 1L to make sure I can trade with same capital.

the 2.5% risk is on this 1L so if we take total 2L, the risk comes around 1.25% but I position size and follow MM as if I have only 1L capital.

I have been following this for last year. Any profits will be accumulated within the same account. So, first 1L I will enter BNF one or two lots depending on SL price. I will do one or two adds depending upon initial position and add price if trade goes well . For every 50000 rs increase I use one more lot in add and if 100% increase I use one more lot in initial position.

why am trading like this is one 2L is for house expenses, my average expense in household is 15000 so I need 2L per year if I am not performing well for whole year.

Planning to quit my job in few months so this plan is the one I have, if this seems idiotic please advice .

4L trading capital is very less I know but I have practiced to live within 5k budget per person already and I am single .

Dear Tlahuicole,

You are planning to quit your job in few months means you are entering in to the world of "FULL TIME TRADERS " welcome to this FULL TIME TRADERS WORLD :clapping:
I appreciate your money management and your vision....
keep it up.....:thumb:

 

[Smart_trade]

6400 crossed........

ST

 

[The Disciplined Trader]

Thanks XRAY bhai,

Yeah, I am happy to go full time only issue though is not sure whether I can get married , you know how they see a trader in our society. I don't worry for that, if God can show my life passion at right time in the age of 23 he can also show my Life partner too at the right time. Parents are although bothered about the marrying part . Disadvantages of becoming full time trader in india as a bachelor.

if u feel this is issue. u can carry on with ur job until u will get married. u can leave job and trade full time after marriage. market is not going anywhere. ur future life partner is related to what u do. i personally feel u will get better life partner if ur doing job. we cant change sociological issue people have with traders. i am telling u my own experience. i am having 2 small hotels in my town which was giving me income of 70000 to 1 lac per month, i was part time trader too. but as a hotel owner i was getting problem in getting married. so i told my manager to run hotels and become sub broker in market. funniest part is now i was getting bigger problems in getting married. finally i quit that too and joined iifl as equity advisor as i have all ncfm module certificates. i was getting 20000 rs per month in iffl. guess what after that i got married easily because i am doing job. after 1 year of marriage i quit job and started full time trading now

 

[niftyoption]

6400 crossed........

ST

Dear ST Sir

6400 crossed means

:clapping:

 

[Gandhar.]

if u feel this is issue. u can carry on with ur job until u will get married. u can leave job and trade full time after marriage. market is not going anywhere. ur future life partner is related to what u do. i personally feel u will get better life partner if ur doing job. we cant change sociological issue people have with traders. i am telling u my own experience. i am having 2 small hotels in my town which was giving me income of 70000 to 1 lac per month, i was part time trader too. but as a hotel owner i was getting problem in getting married. so i told my manager to run hotels and become sub broker in market. funniest part is now i am getting bigger problems in getting married. finally i quit that too and joined iifl as equity advisor as i have all ncfm module certificates. i was getting 20000 rs per month in iffl. guess what after that i got married easily because i am doing job. after 1 year of marriage i quit job and started full time trading now

thanks for sharing your journey
btw is 2 hotels less than job as equity adviser quite interesting story i must say
best luck for ur journey as trader

 

[Gandhar.]

since some time i am feeling a strange change in the general character of the market, stocks are showing quite remarkable strength, failing downtrend, unexpected buying in midcaps, large caps...havn't seen this type of behavior or maybe i missed it..maybe seniors who have seen bull market can share their experience, how stocks behaved pre and during bull market ?

any seniors ?

 

[TradeJoker]

BNF