diary of a day trader

[midas touch]

Kya Baat..Kya Baat..Kya Baat.. :lol:

 

[Smart_trade]

Ravi bhai, I have been a silent follower of your thread. I have been profitable this month. With 1 lot of BNF was able to collect 1485 points [because it was a trending market in 15min tf]. I do parttime trading and cannot do intraday trade .

I can very proudly say that, I could not have done this without the guiding posts of ST da on your thread, in this forum and other forums. You are so lucky that he is been constantly guiding on this thread.

I wish you all the very best for the remaining days .

Well done humble and thanks for the kind words.

1485 points in BNF is damn good performance...keep it up...

Smart_trade

 

[midas touch]

20-30 rs. per day wala garib hai ya nahi malum nahi, but he is soon going to get direct cash transfer of Rs. 30-40000 per year to his bank account, via his Aadhar card. That's where the STT etc. goes

ye sab khangress ki kirpa hai, 500 rs de ke aadhar card banwao, 40000 har saal pao............:clap:

khangress se yaad aaya..maari nani kaha karti thi-
vaari Indira(Gandhi)) tera Khel..
sasti hai Daaru,Mahenga hai Tel..

:lol:

 

[VIKAS 21]

I am around 15-17% up of my base equity this month so far, I trade only swings/positionals.I am not successful in day trading . I am a part time trader & still trying to improve my day trading , Will switch to full time trading when i will start getting consistent result on day trading.

I am satisfied with my performance with swing/positional trading.

I wanna ask one question from ST SIR/SENIORS ,, Can we start full time trading with only success with swing/positional trading??

1.At least how much money one should have in his account for full time trading??( Just as an idea though i know it may differ from ppl to ppl.)

2.How much open position one should have at a time??

3.How many stock one should trade at a time??

 

[ajeetsingh]

Humble
1485 points in BNF is damn good performance...keep it up...
Smart_trade

May your needle is always on right side.... :thumb::thumb:

 

[moneywise]

Most Popular Thread on Traderji!!! :clap::clap::clap:

At the time of writing this post TraderRavi needs just 2400 more views to reach the coveted 2 million mark! Bravo. :clapping: He will reach the milestone on 29th April, 2013.

This indeed is the most viewed thread with so much to learn, enjoy and gain from. Thanks Ravi ji for starting it. :thumb:

 

[ajeetsingh]

 

[ajeetsingh]

In all such antara -sookshma periods in the past, Nifty either reversed in the Moon sookshma period or in Mars or in Rahu period. If there were bullish aspects prior to the Sookshma periods, then the intermediate reversals tend to happen farther away, in the Rahu sookshma periods. On the other hand, if the aspects were moderate, then intermediate reversals tend to happen either in Moon periods or in the Mars period.
If the aspects prior were negative, then the trend itself will be negative or mixed, going into the sookshma periods.
We are now in the Moon Sookshma period to be followed by Mars Sookshma period, upto May 14, 2013.
So we look for a reversal immediately in this week, followed by an improvement closer to weekend followed by a bigger reversal in the week May 06 to 10, 2013.Since currently we are going through a series of negative aspects, post May 06/10, the decline could be a little more than anticipated.

 

[Smart_trade]

I am around 15-17% up of my base equity this month so far, I trade only swings/positionals.I am not successful in day trading . I am a part time trader & still trying to improve my day trading , Will switch to full time trading when i will start getting consistent result on day trading.

I am satisfied with my performance with swing/positional trading.

I wanna ask one question from ST SIR/SENIORS ,, Can we start full time trading with only success with swing/positional trading??

1.At least how much money one should have in his account for full time trading??( Just as an idea though i know it may differ from ppl to ppl.)

2.How much open position one should have at a time??

3.How many stock one should trade at a time??

Great going...VIKAS.Good performance.Keep it up.

One can start full time trading on swing/positional trading.

1) For full time trading and supporting a home on trading income one needs minimum 4-5 Lacs trading capital in my view. So that one can on average think of making 30 K per month. One can make more but better to base our calculations on conservative side.

2) Your open positions should be such that in case the market opens gap against you, you should not loose over 3-4 % max of your capital.

3) How many stocks to trade at a time depends on trading capital and the % you risk on each trade.I guess start with 2-3 counters and add to that number as you increase your capital and trading expertise.

But dont venture in full time trading unless you have atleast 2 years of family expences kept aside ( apart from trading capital ) and you make 1.5 times your expences every month for atleast last 6 months.

Smart_trade

 

[ajeetsingh]

Nifty has now recovered 445 points and has closed above 61.8% retracement level of the down move from 6111.80.If Nifty keeps moving up to 5964 or 5971 levels, we will maintain, the labelling as Wave B of a Flat correction from 6111.80.
On the other hand, if Nifty weakens from here and closes below 5817, then we would tentatively conclude that there is one more corrective leg in the offing and this retracement would be labelled as an x wave and we would expect another abc to unfold. The c of which could go below 5478 and that would conclude wave A, the first downleg from 6111.80. Wave B should then start from that point. In this second scenario, wave a may not correct dramatically downwards, but could float around- this is especially true because RBI`s Annual Policy is round the corner.
Caution with longs is indicated. Strict stop losses and an un-anticipatory approach to the markets, is the need of the hour.