Day Trading Stocks & Futures

Smart_trade

Smart_trade

Moderator
#19,802
#19,802
re: Day trading Nifty & Banknifty Futures

starscream said:
Smart trade
How do you do you mm .
What is the max risk you take per trade and max overall risk?
Click to expand...
I take 1 % risk in daytrades in trends, 0.5 % in sideways markets. 2 % on swing trades.Very rarely I will allow my stops to get hit, as I get out of the loosing positions much before stoploss levels when it becomes clear to me that the trade is not working out as expected...I dont hang around in a trade with a loss from my entry point till it hits a stop..1% is only initial stop.

Overall maximum loss limits 3 % for a day, 6 % for a week and 10 % for a month for daytrades.Capital for swing,delivery and daytrades is separate.

I have suggested to few persons that start 2 contracts of NF in 1,50,000 capital and add 1 contract for every Rs 30,000 profits made...that way one can increase the positions without taking excessive risk from the capital ( meaning we are taking extra risk from the profits made ).One trader has started about a year back and with this addition is now trading 24 contracts...this worked well for him. There are a few other MM plans also which work well..


Smart_trade
 
S

starscream

Well-Known Member
#19,808
#19,808
re: Day trading Nifty & Banknifty Futures

Smart_trade said:
I take 1 % risk in daytrades in trends, 0.5 % in sideways markets. 2 % on swing trades.Very rarely I will allow my stops to get hit, as I get out of the loosing positions much before stoploss levels when it becomes clear to me that the trade is not working out as expected...I dont hang around in a trade with a loss from my entry point till it hits a stop..1% is only initial stop.



Overall maximum loss limits 3 % for a day, 6 % for a week and 10 % for a month for daytrades.Capital for swing,delivery and daytrades is separate.



I have suggested to few persons that start 2 contracts of NF in 1,50,000 capital and add 1 contract for every Rs 30,000 profits made...that way one can increase the positions without taking excessive risk from the capital ( meaning we are taking extra risk from the profits made ).One trader has started about a year back and with this addition is now trading 24 contracts...this worked well for him. There are a few other MM plans also which work well..





Smart_trade
Click to expand...

Thanks a lot for the valuable insight :)
 
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