General Trading Chat

[pratapvb]

Pratap Sir, have heard about your extensive R&D from many traders. :thumb: Happy to know that finally this one is working very well.
Can you please guide, for intraday trades, how many points we can expect per month on NIFTY 5 min charts? Need some approximate answer and not exactly backtested etc...
I am a newbie trader, looking for a system that can make 120-150 points per month. Can you please guide on this?

I target about 50-60pt weekly ...so 200-240 a month and this is possible.

last few weeks has of course been bumper

I book some at 20pts and trail rest only... sometimes on pb and resume I re-enter part of what I booked.. but that also will book at 20pts.... trailing only for rest

 

[amitrandive]

Spot Nifty 5 min update

Looks like upside done

 

[vikas2131]

Looks like upside done

for today ??

 

[amitrandive]

for today ??

Maybe

 

[Smart_trade]

Pratap Sir, have heard about your extensive R&D from many traders. :thumb: Happy to know that finally this one is working very well.
Can you please guide, for intraday trades, how many points we can expect per month on NIFTY 5 min charts? Need some approximate answer and not exactly backtested etc...
I am a newbie trader, looking for a system that can make 120-150 points per month. Can you please guide on this?

What is important is how many points one makes consistantly in a month....consistancy is the key...120-150 points one can make on many methods in our forum.But more than the method, how trader manages his trades is important.

Smart_trade

 

[pratapvb]

Money Management


I trade 1lot per 1 lakh with avg 20pt SL

so on 4L capital (not margin) you are risking ....75*4 * 20 = 6000rs

which is 1.5%

so 10 consecutive failed trades will give only a draw down of 15%

now if I make 200pts (net) on this it means I make 75*4 x 200 = 60000

this is 15% on capital

if 1% risk it will give 10% on capital....if make more than 200pts that is more return

I am happy with this as compounding of 10% is a slow and steady increase in capital and if you factor in the fact that profit can be redeployed to increase qty it increase even faster.

 

[vikas2131]

Money Management


I trade 1lot per 1 lakh with avg 20pt SL

so on 4L capital (not margin) you are risking ....75*4 * 20 = 6000rs

which is 1.5%

so 10 consecutive failed trades will give only a draw down of 15%

now if I make 200pts (net) on this it means I make 75*4 x 200 = 60000

this is 15% on capital

if 1% risk it will give 10% on capital....if make more than 200pts that is more return

I am happy with this as compounding of 10% is a slow and steady increase in capital and if you factor in the fact that profit can be redeployed to increase qty it increase even faster.

as long as one is not trading for living

 

[pratapvb]

as long as one is not trading for living

trading for a living does not mean take larger risk and blow up the entire capital.

It could mean that initially less of the profit is redeployed or that after one has confidence in one's trading could look to increase capital by bringing in more funds.

 

[Smart_trade]

as long as one is not trading for living

If 60,000 is insufficient, trade with 10 L or 20/25 L capital and make more but trying to make more on 3-4 L capital ( which most traders attempt ) is over trading .

Smart_trade

 

[vikas2131]

trading for a living does not mean take larger risk and blow up the entire capital.

It could mean that initially less of the profit is redeployed or that after one has confidence in one's trading could look to increase capital by bringing in more funds.

u got me wrong..wot i meant to say that trading for living puts tremendous pressure on the person that is why more capital is required initially to keep everything under control