Earn 15 lacs in 21 months with 1 lot of Minifty??

[leo_3455]

Dear Leo ,...
Definitely your targets are rational.
Just follow a good trading system and enjoy. If we take 300 pts gain per month and 20 working days with market then average points per day are just 15 ..

but those 15 points a day should be after brokerage and taxes calculations.

Simply jump into the Ashishda's thread ,...

http://www.traderji.com/equities/18953-time-stick-my-neck-out-nifty-7300-a.html

Where u will find very nice intraday strategies and trading singals by the masters itself like Saint , Ashishda, Ajax n more ( sorry if i cant mention all )

Best luck ... Regards,..
Darsh

Thanks Darsh for your encouraging words. I am following the link that you have given. What I like about our seniors (Saint , Ashishda, Ajax, Sudoku, Savant, CV, Marcus, you n more) is they are willing to share the information and help newbies and others.

Regards



A cigarette is a pinch of tobacco, wrapped in paper, fire at one end, fool at the other.

 

[leo_3455]

what happens if you have a monthly loss of 300 pts...how many months will your capital last?

Very valid question.

As one of the members had rightly pointed out, the margin required for MINIFTY is around 14-16K. Until the extra 8000 is exhausted will be able to trade. Approximate calculation is for every 20 point loss, we lose 400. So the 8000 will last for 8000/400 = 20 trades.

Remember our capital is 24,000. Even after 20 negative trades, if we want to continue, give 8000 again and then 8000. So to answer your question, we will lose the capital of 24,000 after 60 negative trades continuously without profit. For this you will have to infuse 16,000, which you can take back after 60 losing trades.

I am not going to trade after 60 losing trades. I better forget the market.

The main point I wanted to drive was it is not the capital that is important to see big money in market but discipline. It is not whether I make 15 lakhs in 2 years.

Also in stock market as you will agree with me, it is with the risk capital we have to trade with -- even if you are an experienced trader. If you are worried about the capital, dont lose your day job.


Action may not always be happiness, but there is no happiness without action.

 

[leo_3455]

I luv this idea and I am sure everyone who thinks of starting trading does calculates the Profits before!! This looks very good on paper, and 20-25 points a day (in profit) seems easy, but the picture changes once you put in real money...Fear / Grid comes inn and the same plan looks ambitious!!!

This is not to discourage you, but please keep these things in mind and have an awesome profit!

Yes sir, I agree that it is not going to be easy.



A bird in the hand is worth two in the bush.

 

[leo_3455]

Hi Leo,

While I Standby What I Posted Earlier.

Here Is Something That One Needs To Think Before Calculating The Lakhs.

1) Strive To Become A Proficient Trader, Infact Strive To Become The Best Trader In The World.

2) If You Trade Well Profits Will Come Naturally

3) While You May Have A Predetermined Profit When Entering A Trade, You Must Have The Ability To Be Able To Judge After Entering A Trade Whether You Will Get Your Predetermined Profit, If Not, Then Being Able To Scale Down As To How Much The Trade Will Give With A Certain Amount Of Safety....Maybe You Might Even Need To Exit With A Bit Of Loss.....

4) Trading Every Day Is Very Addictive....Important Ability One Must Possess Is To Be Able To Stay Out On Days One Is Unable To Figure Out The Market Movement (Doesn't Mean You Go To The Movies After 30 Minutes)

There Are Many More Things But Will Try & Get Back As Soon As I Get My Bearing Straight On It...Without Digressing.


Warm Regards

SavantGarde

Thank you for taking your valuable time to reply this silly boy. Please keep the advices coming. I am all ears. I hope this thread will be a good eye opener to all the newbies.



A dream is just a dream. A goal is a dream with a plan and a deadline.

 

[leo_3455]

If the question belongs to idea........why not 300 points per day.......?? 20-30 points per trade........10-15 trades per day..........

I am little weak in math........, calcuate ur self.........

Savant..........., What u say.......?( with full lot)

Yes, it could have been 20-30 points per trade. You are thinking at your level and I am thinking at my level, beginners level.

It is funny you mention that you are little weak in math. I have a degree in math (and importantly know to play with Excel).



A drunk mans' words are a sober mans' thoughts.

 

[leo_3455]

dear leo , just forget everything & do this.
from the strategy which u r likely 2 follow for +300 pts....just apply the strategy for the NIFTY from sep 2007 to 16th april.....if u can dig out profits...just go ahead & get set go.....i assure u of great future..

Thanks sir. Seniors please elaborate on, when you find time, elaborate on "good trading system", "strict stop loss", "strategy."



A failure is a man who has blundered, but is not able to cash in on the experience.

 

[leo_3455]

Hi Leo!
300+ in the beginning maybe tough but you can try for half ie 150+ {which could be achieveable if you have a good trading system & have tight stop loss in place } considering that you will have some negative moves too but its surely tough (though it may sound easy).
Remember money keeps changing pockets so for you to win somone down the line has to go in the red. Think about it!!

Yes sir, I will be happy to take anything in + in the first few months.

Dear leo,

Just I checked that the Margin required is less than 14k.It is possible, but one should be an expert to trade well in both directions cleverly.

Bang on.


After all is said and done, more is said than done.

 

[leo_3455]

A resonable achievabale Tgt can be 10*25=250 minus 100 points(loss)= 150 points.(Not cosidering the brokerage ).On a Lot of 50*150 = Rs 7500.00 per month per Lot.

1st we have to L E A R N the thing,1 to 10 trades is possible but everyday consistently for months/years together is difficult,but possible.

2nd we must not ever & never loose your focus so as to lament ohh! i should have waited ,i missed a Gr8 run,no never ,our objective is to take 10 points on an avg daily,for gr8 runs we can have a seperate set of rules with seperate focus & this has to be compartmentalized in our Mind.

3rd We have to be nimble as a Ninza & sit on the edge as the trade is on with P A N I C K in mind to get out at 1st chance of reversal,no room to accomodate that retracement / correction / etc is Basic phenemenon of any movement,i must allow the trade to develop,no sir no room for all these truly Essential consideration.

4th A higher time frame than 5-10 mins is totally out of consideration.

Lastly this can give an income but forget Wealth Creation.
We have to withdraw Money every month for sustenance.

Can we identify a spurt / a momentary move of few mins,a miniscule Wave ,with a STRICT stop of just few points,if we can YES this is possible.

As any proffession needs training & acumen this also needs a very close interaction with Mkt everyday so lots of Serious Time & Effort has to be given.
Best of Luck,this is possible plz think deeply.

Thanks sir. Keep the advices coming. We are looking forward to your words. You rock in day trading.



After hearing two eyewitness accounts of the same accident, you begin to wonder about history.

 

[leo_3455]

Hello

This is possible .
Make 10-15 pips daily,
have a strict stoploss,
stop trading as soon u get those points that day,
correct entry & exit are all,
do not carry ur position end the day ,
play like Geof Boycott or Sunil Gavaskar( stay in the crease without a helmet facing Garnar Marshal Roberts etc etc etc )
Finally post regularly about your progress.
We all are with you & will follow you.

Sunando

Thank you sir.

 

[columbus]

Yes sir, I will be happy to take anything in + in the first few months.



Bang on.


After all is said and done, more is said than done.

Any great work needs a SMALL beginning.